How much does Massachusetts Institute of Technology cost?

Massachusetts Institute of Technology Cost of Attendance
In-state $49,892
Out-of-state $49,892
On-Campus Room and Board $14,720
Off-Campus Room and Board
Average Annual Cost $22,230
Average Cost by Family Income
Family Income Average Cost
Under $30,000 $7,432
$30,000-$48,000 $4,727
$48,000-$75,000 $8,347
$75,000-$110,000 $19,156
Over $110,000 $40,162

Massachusetts Institute of Technology Financial Aid and Debt


Students paying down their debt


Typical Total Student Debt


Typical Monthly Loan Payment

Financial Aid Breakdown for Full-time Incoming Freshman

Aid Type % Receiving Average Amount
Grant or scholarship aid 84% $41,422
Federal Grants 17% $7,908
Pell grants 17% $4,396
Other federal grants 14% $3,987
State/local goverment grant or scholarships 2% $1,987
Institutional grants or scholarships 58% $41,198
Student loan aid 16% $7,530
Federal student loans 13% $6,620
Other student loans 4% $11,307

Contact Massachusetts Institute of Technology to learn about their financial aid program

Though Massachusetts Institute of Technology does not offer Micro-Scholarships on RaiseMe, over 300 other colleges do.

Over 1 million high school students are earning no-essay college scholarships for their grades, activities, and other achievements.

Sign up for a free RaiseMe profile and see how much you can earn!

Micro-scholarships* Colleges Awarding Amount
Do an extracurricular activity 300 Up to $3,000
Have perfect attendance for a year 220 Up to $2,000
Have work experience 195 Up to $10,000
Take a challenging class 317 Up to $3,000
Do community service 297 Up to $500
Take a foreign language class 186 Up to $5,000
Play a sport 153 Up to $1,500
Visit a college campus 301 Up to $6,000
Attend a summer program 152 Up to $6,000

*GPA and other eligibility restrictions may apply

Massachusetts Institute of Technology Admissions

What is Massachusetts Institute of Technology's admissions rate?
Acceptance Rate 7%
Average GPA
SAT Submissions 72% of applicants
SAT Reading 720-770
SAT Math 770-800
SAT Writing 690-780
ACT Submissions 55% of applicants
Composite Score 33-35

Ready to start the application process for Massachusetts Institute of Technology?

The application fee for Massachusetts Institute of Technology is $75

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Massachusetts Institute of Technology Campus Life


Student to Faculty Ratio


Forbes Ranking


Four-Year Graduation Rate


Six-Year Graduation Rate

Student Population

Campus Life
Total undergraduates 4547
Living on campus
Transfer Students 100%
Under Age 25
Gender Balance

Student Diversity

Diversity Index: Chance you’ll bump into a diverse range of students
Hispanic or Latino
Black or African American
American Indian or Alaska Native
Native Hawaiian or Other Pacific Islander

Massachusetts Institute of Technology Graduation Success

First Year Student Retention


Four-Year Graduation Rate


Average Salary After Graduation

College map

About Massachusetts Institute of Technology

MIT’s mission is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.


77 Massachusetts Avenue
Cambridge, MA

Type Private
Profit Status not-for-profit
Category Research Universities
Setting Midsize City
* Financial aid is only available for those who qualify