How much does Massachusetts Institute of Technology tuition?
The 2024 tuition & fees of Massachusetts Institute of Technology is $60,156 and the 2024 graduate school tuition & fees is $63,393. Its undergraduate tuition & fees is much higher than the average tuition for R1 Universities' tuition of $40,832.
Based on the last year increase rate, The 2025 estimated tuition & fees at MIT is $62,407 for Massachusetts residents and $62,407 for out-of-state students, a 3.7% increase compared to 2024's rate.
MIT 2023 Tuition & Fees
| Year | Tuition & Fees | R1 Universities' Average |
|---|
| 2021-2022 | $57,986 | $39,433 |
| 2022-2023 | $60,156 | $40,832 |
| Change % 2022-2023 | 3.74% | 3.55% |
| 2023-2024 Estimate | $62,407 | $42,280 |
How much do you actually pay at MIT?
The living costs at MIT is $21,694 when living on campus. The on-campus living costs increased by 3.24% compared to the previous year.
The MIT's 2024 COA is $82,730 for on-campus living.
77% of enrolled students have received grants or scholarships, and the average aid amount is $44,422. It could cover 73.84% of full tuition amount.
After receiving the financial aid, the net price is $38,308.
Massachusetts Institute of Technology 2024 Cost of Attendance (COA) | On-campus |
|---|
| Tuition & Fees | $60,156 |
|---|
| Room & Board | $19,390 |
|---|
| Personal Expenses | $2,304 |
|---|
| Books & Supplies | $880 |
|---|
| COA | $82,730 |
|---|
| COA with Financial Aid | $38,308 |
|---|
MIT 4-Years Tuition
How Much is MIT tuition for 4 years?
MIT's 4-years tuition is $246,098, based on current tuition and change rate.
Since the tuition & fees at Massachusetts Institute of Technology have risen very slightly (very lower than national average) over the last 4 years, the actual costs may differ from the estimation based on the school or University system's new tuition policy.
MIT 4 Years Tuition & Fees Estimates
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total |
|---|
| Class of 2028 | Fall 2024 | $60,699 | $61,246 | $61,798 | $62,356 | $246,098 |
|---|
| Class of 2029 | Fall 2025 | $61,246 | $61,798 | $62,356 | $62,918 | $248,318 |
|---|
| Class of 2030 | Fall 2026 | $61,798 | $62,356 | $62,918 | $63,485 | $250,557 |
|---|
| Class of 2031 | Fall 2027 | $62,356 | $62,918 | $63,485 | $64,058 | $252,816 |
|---|
| Class of 2032 | Fall 2028 | $62,918 | $63,485 | $64,058 | $64,635 | $255,096 |
|---|
Net Price for 4 Years at MIT
Based on recent tuition increase rate, for the students who were admitted in Fall 2024, the estimated 4-years COA is $338,183.
MIT 4 Years COA
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total |
|---|
| Class of 2028 | Fall 2024 | $83,450 | $84,176 | $84,909 | $85,648 | $338,183 |
|---|
| Class of 2029 | Fall 2025 | $84,176 | $84,909 | $85,648 | $86,393 | $341,127 |
|---|
| Class of 2030 | Fall 2026 | $84,909 | $85,648 | $86,393 | $87,145 | $344,096 |
|---|
| Class of 2031 | Fall 2027 | $85,648 | $86,393 | $87,145 | $87,904 | $347,091 |
|---|
| Class of 2032 | Fall 2028 | $86,393 | $87,145 | $87,904 | $88,669 | $350,112 |
|---|
Actual COA after Receiving Financial Aid
After receiving the financial aid, the net price for 4 years of attending the school is $160,495.
MIT 4 Years COA after Receiving Financial Aid
| Admission Year | Freshmen | Sophomore | Junior | Senior | 4 Years Total |
|---|
| Class of 2028 | Fall 2024 | $39,028 | $39,754 | $40,487 | $41,226 | $160,495 |
|---|
| Class of 2029 | Fall 2025 | $39,754 | $40,487 | $41,226 | $41,971 | $163,439 |
|---|
| Class of 2030 | Fall 2026 | $40,487 | $41,226 | $41,971 | $42,723 | $166,408 |
|---|
| Class of 2031 | Fall 2027 | $41,226 | $41,971 | $42,723 | $43,482 | $169,403 |
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| Class of 2032 | Fall 2028 | $41,971 | $42,723 | $43,482 | $44,247 | $172,424 |
|---|
MIT's Graduate Tuition
The graduate school tuition at Massachusetts Institute of Technology is $63,393. Detailed graduate program tuition and majors can be found at MIT gradute program page.
MIT Graduate Tuition & Fees
| Year | Gradaute Tuition & Fees |
|---|
| 2021-2022 | $61,075 |
| 2022-2023 | $63,393 |
| Change % 2022-2023 | 3.80% |
|---|
| 2023-2024 | $65,799 |
Tuition Per Credit Hour
For part-time and/or full-time students who take additional credits at MIT is $2,775. The graduate tuition per credit hour is $2,775.
Per Credit Hour Charge at MIT
| Year | Tuition Per Credit Hour |
|---|
| Undergraduate | 2022-2023 | $890 |
|---|
| 2023-2024 | $2,775 |
|---|
| 2024-2025 (Estimate) | $8,652 |
|---|
| Graduate | 2022-2023 | $890 |
|---|
| 2023-2024 | $2,775 |
|---|
| 2024-2025 (Estimate) | $8,652 |
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MIT Tuition Charts
The following charts visualize tuition, fees, living costs, and other expenses at MIT. You can enlarge the chart to view detailed information.
Compare Tuition with Similar Colleges
The following table compares tuition & fees between Massachusetts Institute of Technology and its similar schools.