How much does Massachusetts Institute of Technology cost?

Massachusetts Institute of Technology Cost of Attendance
In-state $51,832
Out-of-state $51,832
On-Campus Room and Board $15,510
Off-Campus Room and Board
Average Annual Cost $18,971
Average Cost by Family Income
Family Income Average Cost
Under $30,000 $7,581
$30,000-$48,000 $3,343
$48,000-$75,000 $2,938
$75,000-$110,000 $9,303
Over $110,000 $40,757

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 73% $44,820
Federal Grants 20% $8,225
Pell grants 20% $4,598
Other federal grants 16% $4,000
State/local goverment grant or scholarships 2% $2,265
Institutional grants or scholarships 60% $46,080
Student loan aid 11% $8,754
Federal student loans 10% $6,773
Other student loans 3% $14,482

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 community service 304 Up to $500
Do an extracurricular activity 303 Up to $3,000
Play a sport 155 Up to $1,500
Attend a summer program 154 Up to $4,500
Take a foreign language class 190 Up to $5,000
Have perfect attendance for a year 220 Up to $2,000
Have work experience 203 Up to $12,000
Take a challenging class 315 Up to $3,000
Visit a college campus 305 Up to $8,500

*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 75% of applicants
SAT Reading 720-770
SAT Math 780-800
SAT Writing 690-780
ACT Submissions 48% of applicants
Composite Score 34-36

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

The application fee for Massachusetts Institute of Technology is $75

Apply Here

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