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

92%

Students paying down their debt

$17,316

Typical Total Student Debt

$179

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

Massachusetts Institute of Technology Scholarships: Start Earning in High School

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
Take a challenging class 300 Up to $3,000
Do community service 277 Up to $500
Have perfect attendance for a year 206 Up to $2,000
Visit a college campus 281 Up to $6,000
Attend a summer program 142 Up to $6,000
Play a sport 148 Up to $1,500
Take a foreign language class 171 Up to $5,000
Have work experience 172 Up to $10,000
Do an extracurricular activity 278 Up to $2,000

*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

8:1

Student to Faculty Ratio

5

Forbes Ranking

85%

Four-Year Graduation Rate

94%

Six-Year Graduation Rate

Student Population

Campus Life
Total undergraduates 4547
Living on campus
Transfer Students 100%
Under Age 25
Gender Balance
Men
54%
Women
46%

Student Diversity

80%
Diversity Index: Chance you’ll bump into a diverse range of students
White
33.41%
Asian
26.30%
Unknown
19.75%
Hispanic or Latino
14.19%
Black or African American
6.22%
American Indian or Alaska Native
0.13%
Native Hawaiian or Other Pacific Islander
0.00%

Massachusetts Institute of Technology Graduation Success

First Year Student Retention

85%

Four-Year Graduation Rate

$94,200

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.

Address

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