MIT discloses 2014 endowment figures
## MIT Releases Financial Report Highlighting Endowment and Aid Policies
The Massachusetts Institute of Technology (MIT) has made its fiscal year 2014 report publicly available, offering insights into the management and performance of its endowment, retirement, and operating funds, as well as its financial aid policies.
### **Endowment Funds Performance**
The report revealed that MIT's endowment funds, managed by MITIMCo, reached a total value of $12.4 billion at the end of the fiscal year, excluding pledges. However, the report did not specify the exact investment return for MIT's retirement and operating funds, nor did it mention the return for the endowment funds.
In a separate report, it was announced that MIT generated an impressive investment return of 19.2% for its endowment and other funds in the fiscal year ending June 30, 2014.
### **Financial Aid Policies**
MIT is committed to making education accessible to students from diverse financial backgrounds. The university follows a need-blind undergraduate admissions policy, ensuring accessibility to all qualified candidates regardless of financial resources.
- **Income Thresholds**: MIT offers free tuition to undergraduate students from families with an annual income of less than $200,000. For families with incomes below $100,000, additional aid covers housing, meals, and other necessities. - **Full Financial Support**: Students with family incomes below $75,000 receive complete financial assistance, including full tuition, fees, and living expenses.
### **Average Financial Aid Award and Coverage**
In the 2013-14 academic year, the average financial aid award for need-based aid recipients from all sources was $42,007. Unfortunately, the fiscal year 2014 report does not provide updated figures for the average financial aid award or the percentage of MIT undergraduates receiving need-based financial aid.
### **Percentage of Students Receiving Need-Based Aid and Scholarships**
Although specific percentages are not detailed in the available sources, MIT emphasizes making education accessible to all qualified students, regardless of financial status. The university's need-based aid program ensures that students do not have to let financial concerns deter them from attending.
### **Additional Support for Low-Income Families**
Families with incomes below $100,000 receive additional support, including financial assistance for housing, meals, books, and personal expenses.
### **MBA Financial Aid at MIT Sloan School of Management**
For MBA students at the MIT Sloan School of Management, financial aid is approached through a three-tiered process, including school-sponsored scholarships and fellowships, external financial assistance, and office support from the Student Funding office and the MIT Office of Graduate Education.
The fiscal year 2014 report does not provide details about how MIT's endowment funds are used for specific activities, including education, research, campus renewal, faculty work, and student financial aid.
MIT's commitment to affordability is reflected in its expanding financial aid initiatives, ensuring that financial constraints do not limit student access to its educational opportunities.
- The MIT financial aid policies aim to make education accessible for students from diverse financial backgrounds.
- MIT offers free tuition to undergraduate students from families with an annual income of less than $200,000.
- For families with incomes below $100,000, MIT provides additional aid that covers housing, meals, and other necessities.
- Students with family incomes below $75,000 receive complete financial assistance, including full tuition, fees, and living expenses.
- The average financial aid award for need-based aid recipients in the 2013-14 academic year was $42,009, but the 2014 report does not provide updated figures.
- MIT's MBA financial aid at the Sloan School of Management is approached through a three-tiered process, including school-sponsored scholarships, external financial assistance, and office support.
- Despite the 2014 report not detailing how MIT's endowment funds are used, the university's commitment to affordability is demonstrated through its expanding financial aid initiatives.
