Tuition, Fees, and Living Costs Analysis

UndergraduateGraduatePer Credit HourEarning After GraduationComparison
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.
MIT Undergraduate Tuition & Fees
YearTuition & FeesOn Campus Room & Board, Other Expenses
2020-2021$53,450$18,182
2021-2022$55,878$20,302
2022-2023$57,986$22,669
Change % 2022-20233.77%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.
MIT Graduate Tuition & Fees
YearTuition & FeesOn Campus Room & Board, Other Expenses
2020-2021$56,719$18,182
2021-2022$58,967$20,302
2022-2023$61,047$22,669
Change % 2022-20233.53%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.
Per Credit Hour Charge (2021-2022)
YearCost Per Credit Hour
Undergraduate2020-2021$860
2021-2022$860
2022-2023$860
Graduate2020-2021$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.
Mean Earning After Graduation By Time
TotalMaleFemale
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.
Tuition Comparison between Massachusetts Institute of Technology and Similar Schools
In-StateOut-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

Tuition & FeesCOAAfter Financial Aid

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.
Projected Four(4) Years Tuition & Fees
Admission YearFreshmenSophomoreJuniorSenior4 Years Total
Class of 2026Fall 2022$56,890$57,919$58,968$60,035$233,812
Class of 2027Fall 2023$57,919$58,968$60,035$61,122$238,044
Class of 2028Fall 2024$58,968$60,035$61,122$62,228$242,353
Class of 2029Fall 2025$60,035$61,122$62,228$63,355$246,740
Class of 2030Fall 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.
Four(4) Years of Costs of Attendance
Admission YearFreshmenSophomoreJuniorSenior4 Years Total
Class of 2026Fall 2022$78,715$80,451$82,228$84,049$325,443
Class of 2027Fall 2023$80,451$82,228$84,049$85,914$332,642
Class of 2028Fall 2024$82,228$84,049$85,914$87,824$340,014
Class of 2029Fall 2025$84,049$85,914$87,824$89,780$347,566
Class of 2030Fall 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.
Four(4) Years Costs of Attendance after Financial Aid
Admission YearFreshmenSophomoreJuniorSenior4 Years Total
Class of 2026Fall 2022$27,851$29,587$31,364$33,185$121,987
Class of 2027Fall 2023$29,587$31,364$33,185$35,050$129,186
Class of 2028Fall 2024$31,364$33,185$35,050$36,960$136,558
Class of 2029Fall 2025$33,185$35,050$36,960$38,916$144,110
Class of 2030Fall 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.
Tuition & Fees | Financial Aid
Massachusetts Institute of Technology 2022 Costs of Attendance
Tuition & FeesBook & SuppliesLiving Costs
Undergraduate$55,878$840 $20,302
Graduate$58,967 $840$20,302

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