Financial Aid News - 2009

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  • Students at desks in classroomWith the cost of attending MIT surpassing the $50,000 mark in 2008-2009, it is no wonder that another marker was also topped. For the first time, the total financial aid undergraduates received from all sources went beyond $100 million.

    In 2008-2009, an undergraduate could expect to pay about $50,100 for tuition, fees, room, board, books, supplies and personal expenses. Nine out of ten students received some form of need-based and/or merit-based aid, with almost two-thirds receiving strictly need-based aid. Of course, MIT only awards need-based aid, but many undergraduates receive merit-based aid from private sources.

  • This year in Admissions was an interesting one, with the downturn in the economy causing a lot of uncertainty as to how things would turn out. In the end, things turned out quite well for us.

    The year started with a robust recruiting season. We sent mail to 65,000 rising seniors, gave presentations on MIT and admissions to 13,000 students and parents in 75 cities around the nation and world, and visited 4,000 students in 400 high schools. More than 14,000 visitors attended an on campus information session and tour, and our mitadmissions.org website received more than 7,100,000 web hits from 3,100,000 unique computer IDs.