Massachusetts Institute of TechnologyScholarships & Financial Aid 2026
Based on Common Data Set 2023-2024 figures
Merit-Based Aid
Freshmen Receiving Merit Aid
0%
Average Merit Award
$0/yr
Need-Based Grants
Freshmen Receiving Need-Based Aid
58%
Average Need-Based Grant
$61,247/yr
Net Price by Family Income
Average annual cost after grants and scholarships, by household income bracket.
Under $30,000$-4,129/yr
$30,001 to $48,000$-2,483/yr
$48,001 to $75,000$4,621/yr
$75,001 to $110,000$13,696/yr
Over $110,000$46,627/yr
Cost of Attendance
Tuition & Fees$62,396
Room & Board$20,280
Books & Supplies$910
Total Estimated Cost$85,960
Frequently Asked Questions
Does Massachusetts Institute of Technology offer merit scholarships?
Yes. Based on CDS data, 0% of incoming freshmen receive merit-based awards with an average of $0 per year. Merit aid is awarded based on academic achievement and other criteria independent of financial need.
How much financial aid does Massachusetts Institute of Technology give?
58% of freshmen receive need-based institutional grants averaging $61,247 per year. Award amounts depend on demonstrated financial need as determined by the FAFSA and CSS Profile.