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 $21,576
Average Cost by Family Income
Family Income Average Cost
Under $30,000 $5,968
$30,000-$48,000 $3,029
$48,000-$75,000 $8,633
$75,000-$110,000
Over $110,000 $42,237

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 86% $37,116
Federal Grants 15% $6,860
Pell grants 15% $4,258
Other federal grants 9% $4,000
State/local goverment grant or scholarships 2% $2,390
Institutional grants or scholarships 53% $39,639
Student loan aid 17% $7,556
Federal student loans 14% $7,084
Other student loans 4% $10,485

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.

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Micro-scholarships* Colleges Awarding Amount
Have perfect attendance for a year 198 Up to $750
Visit a college campus 272 Up to $6,000
Take a challenging class 293 Up to $3,000
Have work experience 151 Up to $6,000
Attend a summer program 137 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 8%
Average GPA
SAT Submissions 76% of applicants
SAT Reading 700-790
SAT Math 760-800
SAT Writing 690-780
ACT Submissions 50% 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

84%

Four-Year Graduation Rate

93%

Six-Year Graduation Rate

Student Population

Campus Life
Total undergraduates 4680
Living on campus
Transfer Students 5%
Under Age 25 30%
Gender Balance
Men
54%
Women
46%

Student Diversity

79%
Diversity Index: Chance you’ll bump into a diverse range of students
White
34.23%
Asian
25.26%
Unknown
19.87%
Hispanic or Latino
14.64%
Black or African American
5.88%
American Indian or Alaska Native
0.11%
Native Hawaiian or Other Pacific Islander
0.02%

Massachusetts Institute of Technology Graduation Success

98%

First Year Student Retention

84%

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