Massachusetts Institute of Technology

Massachusetts Institute of Technology Financial Aid

Students who are applying for financial aid at MIT need to submit both the Free Application for Federal Student Aid (or FAFSA), as well as the CSS Profile.

The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.

The FAFSA code for MIT is 002178 and the CSS Profile Code is 3514.

It should be noted that while the FAFSA is free, the CSS Profile does require an application fee. However, students can qualify for a CSS Profile application fee waiver if the cost will present a financial hardship for the students’ family.

If you are looking for more information on how to complete the FAFSA or the CSS Profile, check out these resources:

• How to Complete the FAFSA
• How to Complete the CSS Profile

Using State Grants at MIT

Massachusetts residents who are considering MIT should be sure to look into state grants to help fund your education. Massachusetts has a wide variety of programs, including the need-based tuition waiver program, the MASSGrant, the Massachusetts Gilbert Matching Student Grant Program, and MCAS Scholarships. The John and Abigail Adams Scholarship, which is for students who performed well on the MCAS, offers a tuition waiver for up to eight semesters of public school.

Massachusetts Institute of Technology QuestBridge Scholarships

MIT is a member of QuestBridge, which is a prestigious scholarship program that supports high-achieving students from low-income backgrounds. Students who are “matched” to Massachusetts Institute of Technology through QuestBridge receive a four year, full ride scholarship to the school. If you are interested in learning more about QuestBridge, you can check out our QuestBridge Scholarship guide.

Massachusetts Institute of Technology’s 100% Need-Met Guarantee

MIT has committed to meeting 100% of applicants’ financial needs. They determine your financial need using the FAFSA and/or CSS Profile, and will ensure that your financial aid package covers any costs you cannot pay.

Pell Grants at Massachusetts Institute of Technology

19% of students at Massachusetts Institute of Technology receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to Massachusetts Institute of Technology.

You can learn more about Pell Grant eligibility here.

Outside Scholarships

MIT students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources:

• Top scholarships for high school seniors
• Top scholarships for college students
• Scholarship database

Massachusetts Institute of Technology Financial Aid Resources

If you are looking for more information about financial aid and scholarships at MIT or have questions that are specific to your personal situation, we recommend that you reach out directly to the financial aid office!

Here’s how you can get in touch:

• Website: https://sfs.mit.edu/
• Email: [email protected]
• Phone: 617-258-8600

Does MIT have a supplemental essay?

Yes, applicants to Massachusetts Institute of Technology will have to write a supplemental essay in order to complete their application. Luckily, we have a guide to help you through that essay prompt and stand out in the application process.

Is MIT test-optional?

Massachusetts Institute of Technologyrequires students to submit either an SAT or ACT score. We can help you decide which of these tests to focus on, and if you are not happy with your current score, there are ways to improve both your SAT and ACT scores.

What SAT/ACT score do you need to get into Massachusetts Institute of Technology?

Colleges use standardized tests like the SAT and ACT as one of many factors to determine their admissions decisions. A high score on one of these tests does not guarantee admission to a college, and a low score does not guarantee rejection. However, the majority of accepted applicants to Massachusetts Institute of Technology receive between a 35 and a 36 on their ACT, or a 1505 and a 1580 on their SAT.

Can students submit their SAT or ACT Superscore to MIT?

Yes, applicants can submit their SAT or ACT Superscore when they apply to Massachusetts Institute of Technology. You should be able to find your superscore for either test on your student portal. Keep in mind that some colleges only allow Superscores for one of the two tests, so be sure to check their website for exact details on the Superscore policy.

What is the application deadline at MIT?

Students must apply by January 4 to enroll at MIT during the fall semester. Remember that college applications involve many pieces, including essays, a transcript, letters of recommendation, and more. Be sure to start your application as soon as you can to make sure you have enough time to make it as compelling as possible.

And if you’re considering applying Early Action at MIT, remember that the deadline is November 1.

Should I apply Early Action at MIT?

Early Action is a great option for students who want to hear back from a college before the Regular Decision admissions are released. At some colleges, applying Early Action can also help your admissions chances. However, this varies on a college-by-college basis, so it will not always give you a boost.

Be on the lookout for Single Choice Early Action or Restricted Early Action options. These are not the same as Early Action, and although they can be great options for some students, they are not a good fit for everyone. If you’re considering applying for Single Choice Early Action or Restricted Early Action, be sure to read the college’s admissions website carefully. Make sure that these restrictions fit with your college admissions plan.

Is Massachusetts Institute of Technology need-blind?

Yes, Massachusetts Institute of Technology has need-blind admissions, which means they do not take financial need into account when they decide who to accept. If your FAFSA and/or CSS Profile indicate that you would need substantial financial aid, you will still be on equal footing with applicants who do not require any aid at all.

What is the graduation rate at Massachusetts Institute of Technology?

95% of students who start at Massachusetts Institute of Technology end up finishing their degree within six years of enrolling. This is 37% more than the national median. A higher graduation rate indicates that students have better experiences at an institution.

How much do graduates of Massachusetts Institute of Technology go on to earn?

10 years after starting school at Massachusetts Institute of Technology, the median earnings among students who received federal financial aid was $143,372. This is $92,981 more than the national median.

Earnings can vary widely based on many factors other than school choice. Your major and career path can cause substantial changes in your income down the line. For more information, check out our article on the average starting salary out of college.

How much do students at MIT take out in loans?

Graduates of MIT have to take out a median of $14,768 in federal student loans. This is $1,268 more than the national median. As you make decisions about your college loans, it’s important to inform yourself on the advantages and disadvantages of each loan option. Our guide to navigating these different options is a great place to start.