The Institute’s commitment to financial aid will remain robust for 2021-22, increasing from last year’s announced budget of $147 million to $155.2 million. The increase will offset a 3.85 percent rise in tuition and changes in housing, dining, and other estimated costs. The net cost for an average MIT student receiving need-based aid will be $22,969. When measured in real dollars, the average cost of an MIT education for those who receive financial aid has been reduced by 32 percent over the past two decades. In response to the Covid-19…
