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% of enrolled undergraduate students have received grants or scholarship aid and the average grant amount is $44,820. After receiving the financial aid, the net price is $28,340 including tuition, fees, books & supplies costs, and living costs.
Its undergraduate tuition and fees are around the average amount of similar schools' tuition ($55,336 - Private (not-for-profit) Research University (very high research activity)).
2020 Tuition, Fees, and Living Costs Analysis
For the academic year 2019-2020, the undergraduate tuition & fees at MIT is $53,790.
The undergraduate estimated tuition & fees for academic year 2020-2021 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. Its undergraduate tuition and fees 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 the academic year 2019-2020.
The estimated graduate school tuition & fees is $59,221 for the academic year 2020-2021.
The 2020 undergraduate tuition has been risen by 3.78% from the previous year. Its graduate tuition and fees are a 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.
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.
| 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 |
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 |
Tuition & Fees for 4 Years
Based on 4-years changes in tuition & fees, we estimate 4-year tuition at MIT for future and prospective students. For the students who were admitted in Fall 2020, the estimated 4-year tuition is $228,840.
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.
| 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 |
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 2020, the estimated 4-years COA is $312,423.
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 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% 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 $133,143.
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 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 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 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
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