What is the range of Pell Grant awards at MIT?
The average family income of Pell Grant recipients at MIT for 2005-2006 was $23,500. Examples of the range of financial circumstances for students receiving Pell Grants in 2005-06 at MIT follow: MIT students receiving the maximum Pell Grant of $4,050 have total annual income of less than $7,000 — often from nontaxable sources such as Social Security benefits. MIT students receiving the minimum Pell Grant of $400 could have a total annual income as high as $70,000, but would come from a family in which there was more than one child in college.