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Tuition & Costs

Your Estimated Price

$53,557 Annual Cost to Attend

Cost Breakdown
$40,460 tuition
$11,775 on campus room & board
$1,050 books
$272 fees

$53,557 Annual Cost to Attend

Cost Breakdown
$40,460 tuition
$11,775 on campus room & board
$1,050 books
$272 fees
Estimated Net Price
Get Your Estimated Cost

Colleges like Massachusetts Institute of Technology are working hard to make tuition affordable to deserving students.

Use our tool to get a quick guess about your actual costs and links to tools to get an even better estimate directly form the college.

Average Aid

$31,369 Annual Institutional Aid

Average Aid
88% of students receive aid
29% get federal aid ($7,460 avg)
3% get state aid ($1,897 avg)
61% get institn'l aid ($31,369 avg)
28% get loans ($5,561 avg)

Tuition Trends

Historical Tuition and Fees, with Projected Future Amounts

Future projections are based on past four years' data averaging 3.83% annual change in in-state tuition and fees and 3.83% change in out-of-state tuition and fees. Amounts shown are estimates only and not guaranteed. For a better estimate, contact the college directly.

Financial Aid

$22,622,434
Annual Aid Awarded
Aid/Loans
Average Amount Percent Awarded
Grant or Scholarship Aid $32,550 65%
Federal Grant Aid $7,460 29%
Pell Grants $4,159 19%
Other Federal Grants $4,872 28%
Institution Grant Aid $31,369 61%
State Grant Aid $1,897 3%
Student Loans $5,561 28%
Federal Loans $4,829 27%
Other Loans $12,584 2%

Merit Aid

Financial Aid Timeline
Financial aid priority deadline: -
Financial aid deadline: February 15
College will notify student of financial aid decisions on or about: April 15
Student must reply to financial aid decision by: May 1
Does Massachusetts Institute of Technology offer...
Tuition Payment Plan? Yes
Financial Aid Contact Info
77 Massachusetts Avenue
Cambridge, MA 02139-4307
(617) 253-1000
http://web.mit.edu/student/
Costs Per Credit Hour
In State $630
Out of State $630

Reviews

Student Responses to Review Topic: Bang for the buck
  • 5
  • Jessica from Forsyth, GA
  • Jan-19-2013 I am a current student here

    You should be getting a scholarship, if not, I'm sorry. It's still worth the money. So much comes with the name, it's incredibable.

    » Read More
  • 5
  • Olivia from Greenbackville, VA
  • Jan-13-2013 I am a current student here

    The tuition is expensive but there is great financial aid and you are making a guaranteed life investment by investing into your education at MIT.

    » Read More