Massachusetts Institute of Technology

Private, Four-years School Located in Cambridge, MA

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How much is the MIT tuition? For the academic year 2022-2023, MIT's tuition & fees is $60,156 based on the NCES data.
With indirect costs not billed by school, such as room & boards and personal living expenses, the total cost of attendance for one academic year is $82,020 when a student lives on-campus.

MIT Tuition & Expenses

2022-2023 Rate
Tuition & Fees$60,156
Books & Supplies Costs$850
On-campus Room & Board$18,790
On-campus Expenses$2,224
Off-campus Room & Board$18,790
Off-campus Expenses$2,224
2023-2024 Projection
Tuition & Fees$57,986

How Much Does it Cost to Go to MIT for 4 Years?

For the class of 2027, who entering colleges in 2023, the 4 years tuition & fees is $263,994 at MIT. The estimated tuition rate is based on the changes over last 5 years. With room & board, books, and other personal expenses, the estimated 4 years costs of attendance is $355,683. After receiving financial aid including grants, scholarships, and/or student loans, the 4 years COA is down to $160,737.
The following table computes the 4 years tuition and COA by class of year.
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2023-24)$62,407$84,158$38,074
Sophomore (2024-25)$64,743$87,256$39,447
Junior (2025-26)$67,166$90,469$40,871
Senior (2026-27)$69,679$93,800$42,345
4 Years Total$263,994$355,683$160,737
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2024-25)$64,743$87,256$39,447
Sophomore (2025-26)$67,166$90,469$40,871
Junior (2026-27)$69,679$93,800$42,345
Senior (2027-28)$72,287$97,253$43,873
4 Years Total$273,874$368,778$166,537
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2025-26)$67,166$90,469$40,871
Sophomore (2026-27)$69,679$93,800$42,345
Junior (2027-28)$72,287$97,253$43,873
Senior (2028-29)$74,992$100,834$45,456
4 Years Total$284,123$382,356$172,546
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2026-27)$69,679$93,800$42,345
Sophomore (2027-28)$72,287$97,253$43,873
Junior (2028-29)$74,992$100,834$45,456
Senior (2029-30)$77,798$104,547$47,097
4 Years Total$294,756$396,433$178,772
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2027-28)$72,287$97,253$43,873
Sophomore (2028-29)$74,992$100,834$45,456
Junior (2029-30)$77,798$104,547$47,097
Senior (2030-31)$80,710$108,396$48,796
4 Years Total$305,786$411,030$185,223

Average Tuition By School Type and Comparison

Compared to four-years schools nationwide, MIT' tuition is much higher than the average tuition of $20,875. Compared to private, four-years colleges in Massachusetts, its tuition is much higher than the average tuition of $32,799.
In-StateOut-of-State
Massachusetts Institute of Technology$60,156
U.S. Four-years Colleges$18,570
Public Schools$7,197$12,949
Private Schools$20,875
Massachusetts Four-years Colleges$28,791
Public Schools$10,313$16,276
Private Schools$32,799

Compare Similar School's Tuition

The next table compares the tuition & fees between MIT and similar schools. The similar colleges are selected by school type & level (private, four-years), ranking, and comparison frequency by our users. The comparison is based on 2022-2023 tuition rate.
LocationUndergraduateGraduate
Massachusetts Institute of TechnologyCambridge, MA$60,156$63,393
Columbia University in the City of New YorkNew York, NY$69,045$56,279
University of PennsylvaniaPhiladelphia, PA$66,104$46,034
Harvard UniversityCambridge, MA$59,076$55,440
Yale UniversityNew Haven, CT$64,700$48,300
California Institute of TechnologyPasadena, CA$63,255$63,063
Duke UniversityDurham, NC$65,805$63,985
Princeton UniversityPrinceton, NJ$59,710$62,860
University of ChicagoChicago, IL$66,939$66,543
Stanford UniversityStanford, CA$62,484$59,499

Financial Aid and COA

At Massachusetts Institute of Technology, 3,557 students (77%) received grant or scholarship from the federal government, state or local government, the institution, and other sources. The average amount of grant/scholarship received is $44,422.
After receiving financial aid, the cost of attendance (COA) at MIT is $37,598 for students living on-campus and $37,598 for students living off-campus.
For beginning students (i.e. first-time freshmen), 932 students received any type of financial aid including grants/scholarship and student loans. The average amount of grant/scholarship for the first-time students is $45,591 and the average amount of student loans is $13,792.
The financial aid data is based on 2021-2022 statistics from IPEDS.
COA (on-campus)$82,020
COA (off-campus)$82,020
Tuition & Fees$60,156
Indirect Costs (on-campus)$21,864
Indirect Costs (off-campus)$21,864
COA (on-campus) after Receiving Aid$37,598
COA (off-campus) after Receiving Aid$37,598
Average Financial Aid$44,422
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Grant or Scholarship3,55777%$44,422
Pell Grants85518%$5,286
Federal Student Loan2064%$6,230
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Financial Aid93279%-
Grants or Scholarships83271%$45,591
Federal Grants73863%$3,714
Pell Grants21018%$5,290
Other Federal Grants73863%$2,209
State/Local Grants192%$2,547
Institutional Grants64755%$54,315
Student Loan Aid807%$13,792
Federal Student Loans716%$5,284
Other Student Loans171%$42,837

Admission Stats and Requirements to Apply

MIT's acceptance rate is 4.11%. A total of 33,240 applicants applied to and 1,365 students were accepted. Of the admitted students, 1,177 enrolled finally, and the yield (i.e. enrollment rate) is 86.23%.
To apply to MIT, 2 items are required - Secondary school record and Recommendations and 4 items are recommended to submit - Secondary school GPA, Completion of college-preparatory program, Admission test scores and TOEFL (Test of English as a Foreign Language).
TotalMenWomen
Applicants33,24021,672$11,568
Admitted1,365665$700
Enrolled1,177604$573
Acceptance Rate4.11%3.07%6.05%
Yield (Enrollment Rate)86.23%90.83%81.86%
Secondary school GPARecommended
Secondary school rankNeither Required Nor Recommended
Secondary school recordRequired
Completion of college-preparatory programRecommended
RecommendationsRequired
Formal demonstration of competenciesNeither Required Nor Recommended
Admission test scoresRecommended
TOEFL (Test of English as a Foreign Language)Recommended
Other Test (Wonderlic, WISC-III, etc.)Neither Required Nor Recommended

SAT and ACT Scores

The SAT and ACT scores are recommended to apply to MIT. Its SAT score is much higher than the national average score of 1,174. The ACT score is much higher than the national average score of 25.
Average25th75th

Student Population

Massachusetts Institute of Technology has a total of 11,858 students including 4,657 undergraduate and 7,201 graduate students. By gender, there are 6,931 male students and 5,003 female students attending MIT. The school offers online degree programs and 61 students enrolled online exclusively (0.51% of all students).
TotalMaleFemale
Total11,934 6,9315,003
Undergraduate4,638 2,4072,231
Graduate7,296 4,5242,772

Directory & Academic Information

Directory Information
Address77 Massachusetts Avenue, Cambridge, MA
Phone617-253-1000
WEBweb.mit.edu/
Degree & Programs
DegreeUndergraduate, Graduate
Program Offered117 Programs
Graduate Program Offered78 Graduate Programs
Academic Stats
Acceptance Rate5.00%
Yield86.02%
Student Population11,858
Graduation Rate94%
Retention Rate99% (Full-time), 100% (Part-time)
Students to Faculty Ratio Rate3 to 1
Faculty & Staffs
Number of Faculties1,375 (Full-time), 306 (Part-time)
Number of Staffs12,790 (Full-time), 1,242 (Part-time)
Average Faculty Salary$185,855
Average Staff Salary$103,906