Massachusetts Institute of Technology (MIT), located in Cambridge, MA, is a prestigious institution known for its cutting-edge research and innovation. Accredited by the New England Commission on Higher Education, MIT offers a wide range of programs in science, engineering, technology, and more. The main campus is a hub of creativity and collaboration, where students can engage in hands-on learning experiences.
With an average cost of $63,681, MIT provides a top-tier education that prepares students for successful careers. In-state tuition and out-of-state tuition are the same at $57,986, making MIT an attractive option for students nationwide.
On-campus living at MIT includes room and board costs of $18,790, with additional expenses for books and supplies amounting to $850. For students living off-campus, other expenses are estimated at $2,224, providing a comprehensive view of the total cost of attendance at MIT.
Understanding Tuition Costs at Massachusetts Institute of Technology: Navigating college expenses doesn't have to be complicated. Our comprehensive guide to tuition, fees, and other associated costs breaks down everything you need to know about financing your education at Massachusetts Institute of Technology. Find out how we make higher education affordable and what financial options are available to you.
| Yearly | 4 years | |
|---|---|---|
Tuition and Fees Average Tuition, including fees before grants and scholarships. | $57,986 | $231,944 |
Room and Board This is the average, based on staying on-campus | $18,790 | $75,160 |
Books and Supplies The expenditure on books and supplies for an average student at Massachusetts Institute of Technology | $850 | $3,400 |
Other expenses The amount of money (estimated by the financial aid office at Massachusetts Institute of Technology) needed by a student to cover expenses such as laundry, transportation, entertainment, and furnishings. | $2,224 | $8,896 |
| Sticker Price | $79,850 | $319,400 |
| 529 / Savings (EFC) | |
| Scholarship Awards Won | Visit our FREE scholarship Database here |
| Year One Funding Gap You need to cover this gap every year with loans or scholarships. | $79,850 |
| Grants | |
| Gap to Pay for School | $79,850 |
Disabled American Veterans (DAV) provides $110,000 annually in scholarships for student volunteers to support their higher education at accredited institutions. Candidates aged 21 or younger who have dedicated a minimum of 100 volunteer hours to DAV or its Auxiliary are eligible. Applicants must include an essay describing what volunteering for veterans means to them. Recipients must utilize the scholarship before turning 25 or within 6 years of the award.
Amount
$110,000
Entries Open
2024-03-01
Recipients
Varies
Frequency
Varies
Investing in higher education is a pivotal step towards future prosperity. It's essential to weigh the upfront costs against the potential for increased lifetime earnings and career opportunities. Our ROEdu score aims to help you understand tuition, living expenses, and financial aid, alongside the long-term benefits of earning a degree. By making informed decisions about where and what you study, you can maximize the return on your educational investment, turning the cost of your degree into a foundation for future success and financial security.
Massachusetts Institute of Technology admissions is highly selective with an acceptance rate of 4%. Typically, admitted students score between 0-0 on the SAT or - on the ACT. The application deadline can be found the the institutions website.
| Acceptance | 4% |
| Application Fee | See college website |
| College Setting | Midsize City |
| Website | Visit Website |
| SAT Range | |
| ACT Range | - |
| High School GPA | N/A |
| Application Deadline | See college website |
| Early Decision Date | See college website |
| Early Action Date | See college website |
Key information regarding Massachusetts Institute of Technology's total enrollment and faculty.
| Total Enrollment | 25,000 |
| Graduate Enrollment | 20% |
| Full-time/part-time | 50%/20% |
| Faculty-Student Ratio: | 2:30 |
| Full-Time Faculty | 20% |
| Part-Time Faculty | 50% |