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Massachusetts Institute of Technology Tuition & Costs

Your Estimated Price

$55,238 Annual Cost to Attend

Cost Breakdown
$41,770 tuition
$12,188 on campus room & board
$1,000 books
$280 fees
(Based on stats from 2012/2013)

$55,238 Annual Cost to Attend

Cost Breakdown
$41,770 tuition
$12,188 on campus room & board
$1,000 books
$280 fees
(Based on stats from 2012/2013)
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

$32,427 Annual Institutional Aid

Average Aid
85% of students receive aid
19% get federal aid ($9,431 avg)
2% get state aid ($1,853 avg)
57% get institn'l aid ($32,427 avg)
20% get loans ($7,216 avg)

Tuition Trends

Historical Tuition and Fees, with Projected Future Amounts

Future projections are based on past four years' data averaging 3.63% annual change in in-state tuition and fees and 3.63% 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 $34,641 58%
Federal Grant Aid $9,431 19%
Pell Grants $4,267 17%
Other Federal Grants $6,619 15%
Institution Grant Aid $32,427 57%
State Grant Aid $1,853 2%
Student Loans $7,216 20%
Federal Loans $6,205 18%
Other Loans $10,597 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 $650
Out of State $650


Student Responses to Review Topic: Bang for the buck
  • 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