“To an enormous degree, MIT’s strength derives from its students. Our undergraduates—the global leaders and innovators of tomorrow—depend on MIT’s ability to help meet their financial needs. Through generous financial aid, we are committed to doing just that.”

Stuart Schmill ’86
Dean of Admissions and Student Financial Services

There is nothing more central to MIT’s mission than the success of its students. MIT is committed to meeting the financial need of our undergraduates, ensuring that every student who accepts an offer of admission has the resources and support to thrive here.

Philanthropy helps make MIT’s need-blind admissions policy possible. The generosity of our donors at all levels means that the brightest minds from around the world, regardless of financial circumstances, can pursue their ambitions at the Institute, discover their whole selves, and make essential contributions to the energy and vibrancy of the MIT community.

Beginning with the 2025–2026 academic year, students whose family income is under $200,000 a year (with typical assets) attend MIT tuition-free.⁠

There are many ways to support undergraduate students—today and in the future.

Unrestricted giving: flexible funding has long helped MIT stand firm in its commitment to need-blind admissions and full-need aid policies for all undergraduate students. In fiscal year 2023, unrestricted gifts covered 28% of MIT’s undergraduate financial aid.
Endowed scholarships: endowed support is a powerful tool for supporting MIT students in perpetuity. These scholarships require a gift of $100K or more designated to support MIT undergraduates.
Expendable scholarships: these scholarships provide funds that can support students immediately. Gifts of all levels are welcome, with multi-year named expendable scholarships starting at $10,000 annually.
Planned gifts: a scholarship funded through a life-income or bequest gift establishes a lasting legacy for the donor while supporting MIT students who will go on to make their own mark on the world.

For more information about scholarships, visit Student Financial Services.

Chart showing 58%.

Full-time undergraduates who received an
MIT scholarship in 2023-2024: 58%

Undergraduate Students and Financial Aid fact sheet

Current undergraduate class profile and facts about MIT’s financial aid.
View fact sheet →

Endowed Scholarship Opportunities at MIT one-pager

Information on opportunities between $100,000 and $4M+ to support students through an endowed scholarship gift.”
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Establishing an Endowed Scholarship at MIT one-pager

Information on how to establish a named endowed scholarship, including the assignment process, preferences, and stewardship.
Learn More →

87%

Class of 2024 graduates who graduated
debt-free: 87%

Support Scholarships

MIT is one of only nine colleges in the United States that provide the full range of support needed for undergraduates—both domestic and international—who have earned their place at the Institute. Scholarships funded by our community make this support possible and open a world of opportunities to tomorrow’s changemakers. Gifts of all levels are deeply appreciated.

To learn more about giving in support of scholarships, connect with Elizabeth Crabtree at [email protected] or 617.715.2838.

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