Paying for Massachusetts Institute of Technology

	Undergraduate	Graduate
2024 Tuition & Fee	$60,156 3.74%	$63,393 3.80%

The 2024 tuition & fees of Massachusetts Institute of Technology (MIT) is $60,156 for prospective students and the 2024 graduate school tuition & fees is $63,393. Its undergraduate tuition & fees is around the average amount for similar schools' tuition of $63,515.

77% of enrolled undergraduate 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 including tuition, fees, books & supplies costs, and living costs.

MIT's 4-year tuition is $257,863, based on current tuition and change rate. The estimated 4-year COA including living costs and personal expenses is $357,428.

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Tuition, Fees, Living Costs, and Cost of Attendance (COA)

Undergraduate Program Tuition & Fees

For the academic year 2023-2024, the undergraduate tuition & fees at Massachusetts Institute of Technology is $60,156. The 2024 undergraduate tuition has been risen by 3.74% compared to the previous year. Its undergraduate tuition & fees is around the average amount for similar schools' tuition of $63,515.

The 2025 estimated undergraduate tuition & fees is $62,407 , a 3.7% increase compared to 2024's rate.

MIT Undergraduate Tuition & Fees
Year	Tuition & Fees	On Campus Room & Board, Other Expenses
2021-2022	$57,986	$21,014
2022-2023	$60,156	$21,694
Change % 2022-2023	3.74%	3.24%
2023-2024	$62,407	$22,396

Graduate Program Tuition & Fees

For graduate programs, 2024 tuition & fees is $63,393. The graduate tuition has been risen by 3.80% compared to the previous year. Its graduate tuition & 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 , a 3.8% increase compared to 2024's rate.

MIT Graduate Tuition & Fees
Year	Tuition & Fees	On Campus Room & Board, Other Expenses
2021-2022	$61,075	$21,014
2022-2023	$63,393	$21,694
Change % 2022-2023	3.80%	3.24%
2023-2024	$65,799	$22,396

Cost Per Credit Hour

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 cost per credit hour is $2,775. The graduate tuition per credit hour is $2,775.

Per Credit Hour Charge (2023-2024)
	Year	Cost Per Credit Hour
Undergraduate	2022-2023	$890
	2023-2024	$2,775
	2024-2025	$8,652
Graduate	2022-2023	$890
	2023-2024	$2,775
	2024-2025	$8,652

Cost of Attendance with Living Costs and Books & Supplies

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.

The MIT's 2024 COA is $82,730 for on-campus living.

2024 Cost of Attendance (COA) At MIT
	On-campus
Tuition & Fees	$60,156
Room & Board	$19,390
Personal Expenses	$2,304
Books & Supplies	$880
Cost of Attendance	$82,730

Data source: IPEDS (integrated Postsecondary Education Dta System)

Updated with 2023-2024 tuition (Last update: 03/01/2024)

Cost estimates for 2024-2025 are based on last year's rate of change.

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.

4-Years Costs of Attendance

How Much is the tuition for 4 years at MIT?

For the entering class 2024, the estimated tuition for 4 years at MIT is $257,863.

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.

MIT 4 Years Tuition & Fees Estimates
	Admission Year	Freshmen	Sophomore	Junior	Senior	4 Years Total
Class of 2028	Fall 2024	$61,833	$63,556	$65,327	$67,148	$257,863
Class of 2029	Fall 2025	$63,556	$65,327	$67,148	$69,019	$265,049
Class of 2030	Fall 2026	$65,327	$67,148	$69,019	$70,942	$272,436
Class of 2031	Fall 2027	$67,148	$69,019	$70,942	$72,920	$280,028
Class of 2032	Fall 2028	$69,019	$70,942	$72,920	$74,952	$287,833

COA including Books, 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 $357,428.

MIT 4 Years COA
	Admission Year	Freshmen	Sophomore	Junior	Senior	4 Years Total
Class of 2028	Fall 2024	$85,297	$87,946	$90,681	$93,504	$357,428
Class of 2029	Fall 2025	$87,946	$90,681	$93,504	$96,417	$368,548
Class of 2030	Fall 2026	$90,681	$93,504	$96,417	$99,425	$380,027
Class of 2031	Fall 2027	$93,504	$96,417	$99,425	$102,530	$391,875
Class of 2032	Fall 2028	$96,417	$99,425	$102,530	$105,735	$404,106

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 $179,740.

MIT 4 Years COA after Receiving Financial Aid
	Admission Year	Freshmen	Sophomore	Junior	Senior	4 Years Total
Class of 2028	Fall 2024	$40,875	$43,524	$46,259	$49,082	$179,740
Class of 2029	Fall 2025	$43,524	$46,259	$49,082	$51,995	$190,860
Class of 2030	Fall 2026	$46,259	$49,082	$51,995	$55,003	$202,339
Class of 2031	Fall 2027	$49,082	$51,995	$55,003	$58,108	$214,187
Class of 2032	Fall 2028	$51,995	$55,003	$58,108	$61,313	$226,418

	In-State	Out-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