Paying for Massachusetts Institute of Technology
The 2022 tuition & fees of Massachusetts Institute of Technology (MIT) are $55,878 for their students and the 2022 graduate school tuition & fees is $58,967. Its undergraduate tuition and fees is around the average amount of similar schools' tuition ($58,876 - private (not-for-profit) Research University (very high research activity)).
64% of enrolled undergraduate students have received grants or scholarship aid and the average grant amount is $50,864. After receiving the financial aid, the net price is $26,156 including tuition, fees, books & supplies costs, and living costs.
For the students who are admitted in Fall 2022, the estimated tuition for four(4) years is $233,812. The estimated total costs of attendance with living costs and personal expenses is $325,443 for four(4) years.
According to MIT bursar/financial aid office, the projected 2023 tuition & fees is $57,986. It is 3.77% higher than the current tuition rate.
Tuition, Fees, and Living Costs Analysis
For the academic year 2021-2022, the undergraduate tuition & fees at MIT is $55,878. The 2022 undergraduate tuition has been risen by 4.54% compared to the previous year. Its undergraduate tuition and fees is around the average amount of similar schools' tuition ($58,876 - private (not-for-profit) Research University (very high research activity)).
The undergraduate estimated tuition & fees for academic year 2022-2023 is $57,986. It is a 3.8% increase compared to 2022's rate. This rate is officially announced by school and it may be subject to change. For update and details of fee schedule, check the school's bursar/financial aid page.
The living costs including for room, board, transpiration, and other personal expenses is $20,302 when a student live on a campus housing facilities for year 2022. The on-campus living costs increased by 11.66% compared to the previous year.
| Year | Tuition & Fees | On Campus Room & Board, Other Expenses |
|---|---|---|
| 2020-2021 | $53,450 | $18,182 |
| 2021-2022 | $55,878 | $20,302 |
| 2022-2023 | $57,986 | $22,669 |
| Change % 2022-2023 | 3.77% | 11.66% |
*** The 2022-2023 tuition is announced/published officially by the MIT directly. See the MIT bursar/financial aid page for more information.
For graduate school, the tuition and fees is $58,967 for the academic year 2021-2022. The graduate tuition has been risen by 3.96% compared to the previous year. Its graduate tuition and fees is a little bit higher than the average amount of similar schools' tuition ($50,786 - private (not-for-profit) Research University (very high research activity)).
The estimated graduate school tuition & fees is $61,047 for the academic year 2022-2023. It is a 3.5% increase compared to 2022's rate. This rate is officially announced by school and it may be subject to change. For update and details of fee schedule, check the school's bursar/financial aid page.
| Year | Tuition & Fees | On Campus Room & Board, Other Expenses |
|---|---|---|
| 2020-2021 | $56,719 | $18,182 |
| 2021-2022 | $58,967 | $20,302 |
| 2022-2023 | $61,047 | $22,669 |
| Change % 2022-2023 | 3.53% | 11.66% |
*** The 2022-2023 tuition is announced/published officially by the MIT directly. See the MIT bursar/financial aid page for more information.
The below table describes the cost per credit hour for part-time students and/or full-time students who
take additional courses more than regular credit hours at MIT. The undergraduate tuition per credit hour is $860. The graduate tuition per credit hour is $860.
| Year | Cost Per Credit Hour | |
|---|---|---|
| Undergraduate | 2020-2021 | $860 |
| 2021-2022 | $860 | |
| 2022-2023 | $860 | |
| Graduate | 2020-2021 | $860 |
| 2021-2022 | $860 | |
| 2022-2023 | $860 |
The 2022 costs per credit hour has been officially published by IPEDS and 2023 costs is estimated based on the change rate of last two years.
The next table summarizes the average earning by years after graduation from the school. 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 |
The next table compares the tuition & fees between Massachusetts Institute of Technology and its similar schools. The similar schools are based on factors such as school type, level, and rivalry schools.
| In-State | Out-of-State | |
|---|---|---|
| Massachusetts Institute of Technology | $55,878 | |
| California Institute of Technology | $58,680 | |
| Boston University | $59,816 | |
| Harvard University | $55,587 | |
| Northeastern University | $57,592 | |
| Boston College | $61,706 | |
Four(4) Years Tuition & Fees and Costs of Attendance
How Much is the tuition for 4 years at MIT?
For the students who were admitted in Fall 2022, the estimated tuition for 4 years at MIT is $233,812.
The estimation excludes the book, supplies, and living costs before receiving any financial aid. See the other tabs for estimating 4-year total costs of attendance and after financial aid. The next table shows the estimated 4-years tuition & fees for the next 5 admission years. The estimation is based on 4-years changes in tuition & fees at the school.
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total | |
|---|---|---|---|---|---|---|
| Class of 2026 | Fall 2022 | $56,890 | $57,919 | $58,968 | $60,035 | $233,812 |
| Class of 2027 | Fall 2023 | $57,919 | $58,968 | $60,035 | $61,122 | $238,044 |
| Class of 2028 | Fall 2024 | $58,968 | $60,035 | $61,122 | $62,228 | $242,353 |
| Class of 2029 | Fall 2025 | $60,035 | $61,122 | $62,228 | $63,355 | $246,740 |
| Class of 2030 | Fall 2026 | $61,122 | $62,228 | $63,355 | $64,502 | $251,207 |
The table shows the 4-years estimation of total costs of attendance (COA). It includes the tuition & fees, books & supplies costs, room & board charges, and other living expenses.
For the students who were admitted in Fall 2022, the estimated 4-years COA is $325,443.
The next table shows the 4-year COA estimation for the next 5 admission years at Massachusetts Institute of Technology.
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total | |
|---|---|---|---|---|---|---|
| Class of 2026 | Fall 2022 | $78,715 | $80,451 | $82,228 | $84,049 | $325,443 |
| Class of 2027 | Fall 2023 | $80,451 | $82,228 | $84,049 | $85,914 | $332,642 |
| Class of 2028 | Fall 2024 | $82,228 | $84,049 | $85,914 | $87,824 | $340,014 |
| Class of 2029 | Fall 2025 | $84,049 | $85,914 | $87,824 | $89,780 | $347,566 |
| Class of 2030 | Fall 2026 | $85,914 | $87,824 | $89,780 | $91,784 | $355,301 |
Last year, 64% of enrolled undergraduate students have received grants or scholarship aid. It includes any financial aid from the federal government, state, local, institute, and other sources known by the institution. It excludes federal/private student loans.
After receiving the financial aid, the net price for 4 years of attending the school is $121,987.
The next table shows the 4-year COA estimation with financial aid for the next 5 admission years at Massachusetts Institute of Technology.
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total | |
|---|---|---|---|---|---|---|
| Class of 2026 | Fall 2022 | $27,851 | $29,587 | $31,364 | $33,185 | $121,987 |
| Class of 2027 | Fall 2023 | $29,587 | $31,364 | $33,185 | $35,050 | $129,186 |
| Class of 2028 | Fall 2024 | $31,364 | $33,185 | $35,050 | $36,960 | $136,558 |
| Class of 2029 | Fall 2025 | $33,185 | $35,050 | $36,960 | $38,916 | $144,110 |
| Class of 2030 | Fall 2026 | $35,050 | $36,960 | $38,916 | $40,920 | $151,845 |
Tuition, Fees, and Living Cost Tables and Charts
Next tables and charts illustrate the 2022 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 the last five years. Use the left menu to explore the tuition and college costs information at Massachusetts Institute of Technology.
Massachusetts Institute of Technology 2022 Costs of Attendance
| Tuition & Fees | Book & Supplies | Living Costs | |
|---|---|---|---|
| Undergraduate | $55,878 | $840 | $20,302 |
| Graduate | $58,967 | $840 | $20,302 |
Best Programs at Massachusetts Institute of Technology
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