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.
Average Tuition By School Type and Comparison
Compared to four-years schools nationwide, MIT' tuition is much higher than the average tuition of $20,937. Compared to private, four-years colleges in Massachusetts, its tuition is much higher than the average tuition of $32,435.
| In-State | Out-of-State |
|---|
| Massachusetts Institute of Technology | $60,156 |
|---|
| U.S. Four-years Colleges | $18,672 |
|---|
| Public Schools | $7,199 | $12,960 |
|---|
| Private Schools | $20,937 |
|---|
| Massachusetts Four-years Colleges | $28,605 |
|---|
| Public Schools | $10,313 | $16,276 |
|---|
| Private Schools | $32,435 |
|---|
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.
| Location | Undergraduate | Graduate |
|---|
| Massachusetts Institute of Technology | Cambridge, MA | $60,156 | $63,393 |
|---|
| University of Pennsylvania | Philadelphia, PA | $66,104 | $46,034 |
|---|
| Harvard University | Cambridge, MA | $59,076 | $55,440 |
|---|
| California Institute of Technology | Pasadena, CA | $63,255 | $63,063 |
|---|
| Columbia University in the City of New York | New York, NY | $69,045 | $56,279 |
|---|
| Yale University | New Haven, CT | $64,700 | $48,300 |
|---|
| Stanford University | Stanford, CA | $62,484 | $59,499 |
|---|
| Duke University | Durham, NC | $65,805 | $63,985 |
|---|
| Princeton University | Princeton, NJ | $59,710 | $62,860 |
|---|
| University of Chicago | Chicago, IL | $66,939 | $66,543 |
|---|
Tuition Trends Over Past 10 Years
The undergraduate tuition & fees of Massachusetts Institute of Technology has increased by 33.31% over the past 10 years from $43,498 to $60,156. The graduate tuition & fee has increased by 33.98% from $45,586 to $63,393.
The living costs increased by 3.51% last year and 44.70% over the past 10 years.
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.
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).
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 1,168. The ACT score is much higher than the national average score of 24.
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).
| Total | Male | Female |
|---|
| Total | 11,934 |
6,931 | 5,003 |
|---|
| Undergraduate | 4,638 |
2,407 | 2,231 |
|---|
| Graduate | 7,296 |
4,524 | 2,772 |
|---|
Directory & Academic Information
| Directory Information |
|---|
| Address | 77 Massachusetts Avenue, Cambridge, MA |
|---|
| Phone | 617-253-1000 |
|---|
| WEB | web.mit.edu/ |
|---|
| Degree & Programs |
|---|
| Degree | Undergraduate, Graduate |
|---|
| Program Offered | 117 Programs |
|---|
| Graduate Program Offered | 78 Graduate Programs |
|---|
| Academic Stats |
|---|
| Acceptance Rate | 3.96% |
|---|
| Yield | 84.97% |
|---|
| Student Population | 11,858 |
|---|
| Graduation Rate | 94% |
|---|
| Retention Rate | 99% (Full-time), 100% (Part-time) |
|---|
| Students to Faculty Ratio Rate | 3 to 1 |
|---|
| Faculty & Staffs |
|---|
| Number of Faculties | 1,375 (Full-time), 306 (Part-time) |
|---|
| Number of Staffs | 12,790 (Full-time), 1,242 (Part-time) |
|---|
| Average Faculty Salary | $185,855 |
|---|
| Average Staff Salary | $103,906 |
|---|
