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Massachusetts Institute of Technology

Cambridge, MA

Costs

  • Average Per Year After Aid
    $20,232
  • Students Receiving Financial Aid
    56%
  • Average Aid Package
    $64,857
  • Financial Aid Application Due
    February 15

Tuition

Average Net Price$20,232 per year
Your net price is a college’s cost of attendance minus the grants and scholarships you receive. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. Use the college’s Net Price calculator for the most accurate estimate of your net price.
Average Net Price by Household Income

<$30k

$5,347 per year

$30-48k

Not available

$48-75k

$1,918 per year

$75-110k

$13,035 per year

$110k+

$44,726 per year

Sticker Price

Tuition

$61,990 per year

Other Costs

Housing

$20,280 per year

Books and Supplies

$910 per year

Personal Expenses

$2,374 per year

Transportation

Not available

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Financial Aid

Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.

Distribution Details

  • Students Receiving Financial Aid

    56%

  • Freshmen With Need and Received Financial Aid

    99%

  • Percent of Need Met

    100%

Aid Package Details

  • Average Aid Packages Awarded

    $64,857

  • Need-Based Scholarship or Grant Award

    Scholarships and grants don’t need to be paid back.

    $63,606

  • Need-Based Loan Amount

    Loans must be paid back.

    $2,769

  • Non-Need-Based Aid

    Not available

  • Debt at Graduation

    The typical amount of loans a student must pay back.

    $26,522

Tuition Guarantee Plans

Tuition at time of first enrollment guaranteed only to students making advance payment

Financial Aid Dates

Dates are subject to change, so confirm important deadlines by visiting the college website.
Application DueFeb 15

The last day to apply for financial aid or turn in related paperwork.

Priority Application DueFeb 15

Applications received prior to this date will be given the strongest consideration. Still apply for financial aid if you don’t make this due date.

Notification DateMar 15

When students receive a letter with the amount and types of aid the college is offering.

Response DueNot available

The deadline for students to respond to the college’s aid offer.

Next Steps

Financial Aid Office Phone Number

Phone number
(617) 258-8600

Note: College profiles are based primarily on information supplied by the colleges themselves through participation in College Board's BigFuture College Profiles higher education data collection portal, with some data provided via federal and state agencies. Costs, dates, policies, and programs are subject to change, so please confirm important facts with college admission personnel.