Tuition, Fees, and Living Costs Analysis

UndergraduateGraduateComparison
For the academic year 2023-2024, the undergraduate tuition & fees at MIT is $60,155. The 2024 undergraduate tuition has been risen by 3.74% compared to the previous year. Its undergraduate tuition and fees is around the average amount for similar schools' tuition of $63,609.
The undergraduate estimated tuition & fees for the academic year 2024-2025 is $62,405 which is a 3.7% increase compared to 2024's rate.
The living costs including for room, board, transpiration, and other personal expenses is $21,694 when a student live on a campus housing facilities for year 2024. The on-campus living costs increased by 3.24% compared to the previous year.
You may want to compare the school to other Massachusetts schools with tuition changes from last year at Massachusetts colleges tuition change page.
MIT Undergraduate Tuition & Fees
YearTuition & FeesOn Campus Room & Board, Other Expenses
2021-2022$57,986$21,014
2022-2023$60,155$21,694
Change % 2022-20233.74%3.24%
2023-2024$62,405$22,396
Massachusetts Institute of Technology - COA
Massachusetts Institute of Technology - Undergraduate Tuition Chart
Massachusetts Institute of Technology - Room and Board Coost Chart
For graduate school, the tuition and fees is $63,393 for the academic year 2023-2024. The graduate tuition has been risen by 3.80% compared to the previous year. Its graduate tuition and fees is a little bit higher than the average amount for similar schools' tuition of $53,574.
The estimated graduate school tuition & fees is $65,799 for the academic year 2024-2025 which is a 3.8% increase compared to 2024's rate.
MIT Graduate Tuition & Fees
YearTuition & FeesOn Campus Room & Board, Other Expenses
2021-2022$61,075$21,014
2022-2023$63,393$21,694
Change % 2022-20233.80%3.24%
2023-2024$65,799$22,396
Massachusetts Institute of Technology - Graduate Tuition Chart

Compare Tuition to Similar Colleges

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$60,156
California Institute of Technology$63,255
Boston University$65,168
Harvard University$59,076
Northeastern University$63,141
Boston College$67,680

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 2024, the estimated tuition for 4 years at MIT is $257,856.
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.
Four(4) Years Tuition & Fees Estimates
Admission YearFreshmenSophomoreJuniorSenior4 Years Total
Class of 2028Fall 2024$61,831$63,554$65,325$67,146$257,856
Class of 2029Fall 2025$63,554$65,325$67,146$69,017$265,041
Class of 2030Fall 2026$65,325$67,146$69,017$70,940$272,427
Class of 2031Fall 2027$67,146$69,017$70,940$72,916$280,018
Class of 2032Fall 2028$69,017$70,940$72,916$74,948$287,821

Total College Costs Including Living Costs and Personal Expenses

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 2024, the estimated 4-years COA is $357,422.
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 2028Fall 2024$85,296$87,945$90,679$93,502$357,422
Class of 2029Fall 2025$87,945$90,679$93,502$96,415$368,541
Class of 2030Fall 2026$90,679$93,502$96,415$99,422$380,018
Class of 2031Fall 2027$93,502$96,415$99,422$102,526$391,865
Class of 2032Fall 2028$96,415$99,422$102,526$105,731$404,095

Actual COA after Receiving Financial Aid

Last year, 77% 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 $179,734.
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 2028Fall 2024$40,874$43,523$46,257$49,080$179,734
Class of 2029Fall 2025$43,523$46,257$49,080$51,993$190,853
Class of 2030Fall 2026$46,257$49,080$51,993$55,000$202,330
Class of 2031Fall 2027$49,080$51,993$55,000$58,104$214,177
Class of 2032Fall 2028$51,993$55,000$58,104$61,309$226,407

Tuition, Fees, and Living Cost Tables and Charts

Next tables and charts illustrate the 2024 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 2024 Costs of Attendance
Tuition & FeesBook & SuppliesLiving Costs
Undergraduate$60,155$880 $21,694
Graduate$63,393 $880$21,694
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