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Massachusetts Institute of Technology Tuition & Costs

Your Estimated Price

$63,662 Annual Cost to Attend

Cost Breakdown
$48,140 tuition
$14,210 on campus room & board
$1,000 books and supplies
$312 fees
(Based on stats from 2016/2017)

$63,662 Annual Cost to Attend

Cost Breakdown
$48,140 tuition
$14,210 on campus room & board
$1,000 books and supplies
$312 fees
(Based on stats from 2016/2017)
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

$39,639 Annual Institutional Aid

Average Aid
86% of students receive aid
15% get federal aid ($6,860 avg)
2% get state aid ($2,390 avg)
53% get institn'l aid ($39,639 avg)
17% get loans ($7,556 avg)

Tuition Trends

Historical Tuition and Fees, with Projected Future Amounts

Future projections are based on past four years' data averaging 3.66% annual change in in-state tuition and fees and 3.66% 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

$24,379,472
Annual Aid Awarded
Aid/Loans
Average Amount Percent Awarded
Grant or Scholarship Aid $41,674 53%
Federal Grant Aid $6,860 15%
Pell Grants $4,544 15%
Other Federal Grants $4,000 9%
Institution Grant Aid $39,639 53%
State Grant Aid $2,390 2%
Student Loans $7,556 17%
Federal Loans $6,319 14%
Other Loans $10,485 4%

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
http://web.mit.edu/sfs/
Costs Per Credit Hour
In State $750
Out of State $750

Reviews

Student Responses to Review Topic: Bang for the buck
  • 5
  • alicia from oh
  • I am accepted here and planning to attend soon

    my financial aid package was amazing. i won full-tuition merit scholarships at two schools but mit (which only has need based aid, no merit) topped even that. by far the most affordable place i applied (ignore the sticker price and wait for your aid package)

    Read More
  • 4
  • gammarhea
  • 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
  • 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