Massachusetts Institute of Technology (MIT)

Cambridge, MA

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Massachusetts Institute of Technology

Massachusetts Institute of Technology

Undergraduate Tuition & Expenses

  In-State Out-of-State
Tuition & Fees $ 42,050 $ 42,050
Room & Board $ 12,188 $ 12,188
Books & Supplies $ 1,000 $ 1,000
Other Expenses $ 1,772 $ 1,772
TOTAL $ 57,010 $ 57,010

Undergraduate Expenses

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Did you know?

Approximately 85% of those attending Massachusetts Institute of Technology receive financial aid. The average amount of federal, state, or local aid is $ 26,407. The average amount of student loans is $ 7,216. Make sure you apply to all grants and loans that you qualify for. You can also use our Scholarship Search to help you pay for college.


In-State:

  • Tuition & Fees: 74%
  • Room & Board: 21%
  • Books & Supplies: 2%
  • Other Expenses: 3%
Tuition & Fees 74%
Room & Board 21%
Books & Supplies 2%
Other Expenses 3%

Out-Of-State

  • Tuition & Fees: 74%
  • Room & Board: 21%
  • Books & Supplies: 2%
  • Other Expenses: 3%
Tuition & Fees 74%
Room & Board 21%
Books & Supplies 2%
Other Expenses 3%

Graduate Tuition & Expenses

  In-State Out-of-State
Tuition & Fees $ 41,770 $ 41,770

Financial Aid Received by Massachusetts Institute of Technology Students

  Percent Receiving Aid Average Amount Received
Federal Grant 19% $ 9,431
Local Grant 2% $ 1,853
Institutional Grant 57% $ 32,427
Pell Grant 17% $ 4,267
Student Loans 20% $ 7,216
TOTAL FINANCIAL AID 85% $ 26,407

Required Financial Aid Forms

  • FAFSA
  • CSS/Financial Aid PROFILE
  • Noncustodial (Divorced/Separated) Parent’s Statement
  • Business/Farm Supplement

Types of Loans Available

  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • Federal Perkins Loans
  • College/University Loans

Payment Plans

  • Tuition Management Systems

Financial Aid Office

Financial Aid Officer
Elizabeth Hicks
Executive Director of Student Financial Services
finaid@mit.edu

Financial Aid Office

P (617) 253-4971
F (617) 253-9859
@ finaid@mit.edu

MIT Scholarships

Name Amount Deadline
QuestBridge National College Match Scholarship $ 48,000 September 27
Heriberto Flores Scholarship $ 8,000 March 30
Mandell and Lester Rosenblatt Undergraduate Scholarship $ 6,000 May 1
NEEBC Scholarship Award $ 5,000 April 1
Marie L. Rose Scholarship $ 3,000 None
MASSGrant Program Varies None

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Massachusetts Institute of Technology

Massachusetts Institute of Technology

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