Paying for Massachusetts Institute of Technology
The 2020 undergraduate tuition & fees of Massachusetts Institute of Technology (MIT) are $53,790 for their students and the 2020 graduate school tuition & fees are $57,059. 65 students (1.26% of the enrolled undergraduate students) have received grant or scholarships aid and the average amount is $44,820. After receiving the financial aid, the net price for MIT is $28,340 including tuition, fees, books & supplies costs, and living costs.The undergraduate tuition and fees at Massachusetts Institute of Technology are around the average amount of similar schools' tuition ($55,336 - Private (not-for-profit) Research University (very high research activity)). You can check the college costs - COA, 4 Years Costs, and Interactive Tuition Chart for MIT.
2020 Tuition, Fees, and Living Costs Analysis
For academic year 2019-2020, undergraduate tuition & fees at MIT is $53,790. The undergraduate 2020-2021 estimated tuition & fees at Massachusetts Institute of Technology is $55,822. The 2020 undergraduate tuition has been risen by 3.78% from the previous year. On-campus living costs increased by 5.35% from the previous year. The undergraduate tuition and fees at Massachusetts Institute of Technology are around the average amount of similar schools' tuition ($55,336 - Private (not-for-profit) Research University (very high research activity)).
| Year | Tuition & Fees | On Campus Room & Board, Other Expenses |
|---|---|---|
| 2018-2019 | $51,832 | $17,608 |
| 2019-2020 | $53,790 | $18,550 |
| Change % 2019-2020 | 3.78% | 5.35% |
| 2020-2021 | $55,822 | $19,542 |
***The estimated 2020-2021 costs are based on the costs change rate of last year.
For graduate school, the tuition and fees are $57,059 for academic year 2019-2020. The estimated graduate school tuition & fees at MIT is $59,221 for academic year 2020-2021. The 2020 undergraduate tuition has been risen by 3.78% from the previous year. The graduate tuition and fees at Massachusetts Institute of Technology are little bit higher than the average amount of similar schools' tuition ($48,199 - Private (not-for-profit) Research University (very high research activity)).
| Year | Tuition & Fees | On Campus Room & Board, Other Expenses |
|---|---|---|
| 2018-2019 | $54,976 | $17,608 |
| 2019-2020 | $57,059 | $18,550 |
| Change % 2019-2020 | 3.79% | 5.35% |
| 2020-2021 | $59,221 | $19,542 |
***The estimated 2020-2021 costs are based on the costs change rate of last year.
Below table describes the cost per credit hour for part-time students and full-time students who
take additional courses more than regular credit hours at MIT.
| Year | Cost Per Credit Hour | |
|---|---|---|
| Undergraduate | 2018-2019 | $800 |
| 2019-2020 | $830 | |
| 2020-2021 | $861 | |
| Graduate | 2018-2019 | $800 |
| 2019-2020 | $830 | |
| 2020-2021 | $861 |
Next table summarizes the average earning by years after graduation for Massachusetts Institute of Technology graduates. After 6 years of graduation, the mean earning is $99,600 and, after 10 years of graduation, the mean earning is $153,600 for Massachusetts Institute of Technology graduates.
| Total | Male | Female | |
|---|---|---|---|
| 6 Years After Graduation | $99,600 | $109,400 | $85,600 |
| 7 Years After Graduation | $122,900 | - | - |
| 8 Years After Graduation | $130,700 | - | - |
| 9 Years After Graduation | $121,400 | - | - |
| 10 Years After Graduation | $153,600 | $177,100 | $118,900 |
MIT 4 Years Tuition
Based on 4-years changes on tuition & fees, we estimate 4 year tuition at MIT for future and perspective students . For the students who admit in Fall 2020, the estimated 4 year tuition is $228,840. The estimation excludes the book, supplies, and living costs and before receiving any financial aid. See the other tabs for estimating 4 year total costs of attendance and after financial aid. Next table shows the 4 year tuition & fees estimation for next 5 admission years at Massachusetts Institute of Technology.
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total | |
|---|---|---|---|---|---|---|
| Class of 2024 | Fall 2020 | $55,125 | $56,492 | $57,894 | $59,330 | $228,840 |
| Class of 2025 | Fall 2021 | $56,492 | $57,894 | $59,330 | $60,802 | $234,518 |
| Class of 2026 | Fall 2022 | $57,894 | $59,330 | $60,802 | $62,310 | $240,336 |
| Class of 2027 | Fall 2023 | $59,330 | $60,802 | $62,310 | $63,856 | $246,298 |
| Class of 2028 | Fall 2024 | $60,802 | $62,310 | $63,856 | $65,440 | $252,409 |
Below table shows the 4 year estimation of total costs of attendance (COA) at Massachusetts Institute of Technology. It includes the tuition & fees, books & supplies costs, room & board charges, and other living expenses. For the students who admit in Fall 2020, the estimated 4 year COA is $312,423. Next table shows the 4 year COA estimation for next 5 admission years at Massachusetts Institute of Technology.
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total | |
|---|---|---|---|---|---|---|
| Class of 2024 | Fall 2020 | $75,081 | $77,058 | $79,094 | $81,190 | $312,423 |
| Class of 2025 | Fall 2021 | $77,058 | $79,094 | $81,190 | $83,347 | $320,689 |
| Class of 2026 | Fall 2022 | $79,094 | $81,190 | $83,347 | $85,568 | $329,199 |
| Class of 2027 | Fall 2023 | $81,190 | $83,347 | $85,568 | $87,853 | $337,958 |
| Class of 2028 | Fall 2024 | $83,347 | $85,568 | $87,853 | $90,204 | $346,972 |
Last year, 65 students ( 1.26% of enrolled undergraduate students) received the grant or scholarship aid. It includes any financial aid from federal government, state, local, institute, and other sources known by the institution. It excludes the federal/private student loans. After receiving the financial aid, the net price for 4 year is $133,143. Next table shows the 4 year COA estimation with financial aid for next 5 admission years at Massachusetts Institute of Technology.
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total | |
|---|---|---|---|---|---|---|
| Class of 2024 | Fall 2020 | $30,261 | $32,238 | $34,274 | $36,370 | $133,143 |
| Class of 2025 | Fall 2021 | $32,238 | $34,274 | $36,370 | $38,527 | $141,409 |
| Class of 2026 | Fall 2022 | $34,274 | $36,370 | $38,527 | $40,748 | $149,919 |
| Class of 2027 | Fall 2023 | $36,370 | $38,527 | $40,748 | $43,033 | $158,678 |
| Class of 2028 | Fall 2024 | $38,527 | $40,748 | $43,033 | $45,384 | $167,692 |
2020 Tuition, Fees, and Living Cost Tables and Charts
Next tables and charts illustrate the 2020 tuition, fees, books & supplies, and living costs in detail. We provide the previous 5 years costs so that you can check the increased amounts of each cost item and estimate future year costs. In addition, you can check the financial aid amount including grant, scholarship, and federal student loans for last five years. Use left menu to explore the tuition and college costs information at Massachusetts Institute of Technology.
Massachusetts Institute of Technology 2020 Costs of Attendance
| Tuition & Fees | Book & Supplies | Living Costs | |
|---|---|---|---|
| Undergraduate | $53,790 | $820 | $18,550 |
| Graduate | $57,059 | $820 | $18,550 |
Best Programs at Massachusetts Institute of Technology
Massachusetts Institute of Technology have been chosen for one of best colleges in next area of majors.
- Aerospace, Aeronautical and Astronautical/Space Engineering
- Economics
- Operations Management and Supervision
- Industrial Engineering
- Computer Engineering
