Undergraduates with family income below $200,000 can expect to attend MIT tuition-free starting in 2025
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Newly expanded financial aid will cover tuition costs for admitted students from 80 percent of U.S. families.
Undergraduates with family income below $200,000 can expect to attend MIT tuition-free starting next fall, thanks to newly expanded financial aid. Eighty percent of American households meet this income threshold.
And for the 50 percent of American families with income below $100,000, parents can expect to pay nothing at all toward the full cost of their students’ MIT education, which includes tuition as well as housing, dining, fees, and an allowance for books and personal expenses.
This $100,000 threshold is up from $75,000 this year, while next year’s $200,000 threshold for tuition-free attendance will increase from its current level of $140,000.
These new steps to enhance MIT’s affordability for students and families are the latest in a long history of efforts by the Institute to free up more resources to make an MIT education as affordable and accessible as possible. Toward that end, MIT has earmarked $167.3 million in need-based financial aid this year for undergraduate students — up some 70 percent from a decade ago.
“MIT’s distinctive model of education — intense, demanding, and rooted in science and engineering — has profound practical value to our students and to society,” MIT President Sally Kornbluth says. “As the Wall Street Journal recently reported, MIT is better at improving the financial futures of its graduates than any other U.S. college, and the Institute also ranks number one in the world for the employability of its graduates.”
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