sfs.mit.eduMIT Student Financial Services

↓ Coronavirus update: As of Monday, March 16, the Student Financial Services team will be working remotely. You may still reach us at sfs@mit.edu or 617-258-8600 during regular office hours. Read more about our evolving policies and other key questions related to MIT’s COVID-19 response . Student Financial Services Menu ↓ Undergraduate students Cost and affordability Our approach to aid Types of aid Apply for aid How to pay Understanding your bill Paying your bill Repay your loan Manage your money How to budget How to bank How to do taxes Find a job For students For employers Go to the jobs board Graduate students Guide to resources Contact sfs@mit.edu 617.258.8600 Help Forms Glossary Search Search Pages, FAQs and the Glossary for Submit Search Welcome to Resources for students and families We are still here to help During this challenging time, if you would like to speak with a customer service or financial aid counselor, we are happy to set up a virtual counseling session with you. Please email us at sfs@mit.edu , or you may also reach out to your counselor directly . Affording your education Our goal is to help you understand your options and select the best ones for you and your family. We award need-based financial aid from MIT and coordinate the receipt of aid from other sources. Estimate your cost → Undergraduate students → Graduate students → Billing and repayment We understand that everyone’s situation is different. We work with you and provide counseling on available financing options. We also offer resources to help you improve your financial literacy and make good choices. Paying your bill → Deadlines and requirements → Manage your money → Customer service We strive to provide accurate, friendly, and timely customer service to all of our students and their families. If you need to talk to someone—contact us and we’ll help you out. Glossary → FAQs → Contact us → More resources and tools Estimate your cost → How to budget → Important forms → How to apply for aid → Budgeting worksheet → Find a job → By the numbers Total MIT Scholarships $136.3M The amount we expect to award in MIT Scholarships ( need-based grants ) to undergraduates for the 2019–2020 academic year. Average MIT scholarship $47,593 The average need-based scholarship for undergraduates with need in 2018–2019. MEET FULL NEED 100% We meet 100% of an undergraduate’s demonstrated need through our types of aid . Tuition-free 31% The percentage of MIT undergraduates who don’t pay tuition due to our need-based aid . Leaving MIT 76% The percentage of undergraduates who graduated from MIT debt-free in 2019. After MIT $89,710 The average starting salary for a graduating MIT senior entering industry in 2018. We’re here for you We know an education at MIT is an investment you and your family need to consider carefully. We’re here to help. Feel free to reach out to the Student Financial Services team if you have any questions about financial aid or billing. Stu Schmill ’86 Dean of Admissions and Student Financial Services At Student Financial Services, we work to make MIT affordable for every family so their students can join our community and make the most of their education. Undergraduate students Cost and affordability Our approach to aid Types of aid Apply for aid How to pay Understanding your bill Paying your bill Repay your loan Manage your money How to budget How to bank How to do taxes Find a job For students For employers Go to the jobs board Graduate students Guide to resources Help Contact Forms Glossary Massachusetts Institute of Technology , 77 Massachusetts Ave., Room 11-120, Cambridge, MA 02139 Policies...