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Massachusetts Institute of Technology Tuition & Costs

Your Estimated Price

$57,242 Annual Cost to Attend

Cost Breakdown
$43,210 tuition
$12,744 on campus room & board
$1,000 books and supplies
$288 fees
(Based on stats from 2013/2014)

$57,242 Annual Cost to Attend

Cost Breakdown
$43,210 tuition
$12,744 on campus room & board
$1,000 books and supplies
$288 fees
(Based on stats from 2013/2014)
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

$33,790 Annual Institutional Aid

Average Aid
87% of students receive aid
18% get federal aid ($10,277 avg)
2% get state aid ($1,997 avg)
55% get institn'l aid ($33,790 avg)
19% get loans ($8,421 avg)

Tuition Trends

Historical Tuition and Fees, with Projected Future Amounts

Future projections are based on past four years' data averaging 3.52% annual change in in-state tuition and fees and 3.52% 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

Annual Aid Awarded
Average Amount Percent Awarded
Grant or Scholarship Aid $36,284 56%
Federal Grant Aid $10,277 18%
Pell Grants $4,329 16%
Other Federal Grants $7,176 15%
Institution Grant Aid $33,790 55%
State Grant Aid $1,997 2%
Student Loans $8,421 19%
Federal Loans $6,203 17%
Other Loans $16,979 3%

Merit Aid Available

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
Costs Per Credit Hour
In State $670
Out of State $670


Student Responses to Review Topic: Bang for the buck
  • 4
  • gammarhea
  • Oct-31-2015 I am researching this school and have not visited the campus

    Honestly, I think that you get what you pay for. MIT only makes you pay what you can. Keep in mind, if you can pay every penny, that means you're going to pay every penny. If you can only pay a tenth every year, all you'll pay is a tenth.

    Read More
  • 5
  • Margaret from Cambridge, MA
  • Mar-02-2014 I am a current student here

    MIT is definitely worth its steep tuition. The education is one of the best in the world and opportunities for both students and alumni are unending. The reputation that MIT has in science, mathematical, engineering and other fields is incredible, and the alumni network helps graduating students to find almost any job they want.

    Read More