MIT is especially helpful to families making less than $90,000 a year. Consequently, 26% of the student body attends tuition-free. So if you’re on the lower end of the economic spectrum but demonstrate excellent academic potential, don’t assume that an MIT education is out of reach.
Here’s another important measure of the school’s financial aid: The average graduate has substantially less student-loan debt than the national average. 28% of MIT’s alumni have loans, with an average balance of $19,819 at graduation. By contrast, the average debt load across the country was $28,650 in 2017, according to the Institute for College Access & Success.
