CAMPUS · CAMBRIDGE, MA · PRIVATE

MIT

Massachusetts Institute of Technology

4.7%

01Acceptance 02Tuition 03Transfer 04ROI 05AP Credit 06Majors 07Housing 08International

Sticker Price vs What You Actually Pay

19% of students receive Pell Grants, indicating MIT enrolls a meaningful share of lower-income students.

Full Cost Breakdown

Room & Board	$19,390
Total Cost of Attendance	$82,730

What You'll Actually Pay (Net Price by Income)

After financial aid, the real cost depends on your family's income. These are average net prices for students receiving aid.

Family Income	Annual Net Price	4-Year Total
$0-30k	$-2,533	$-10,132
$30-48k	$93	$372
$48-75k	$1,480	$5,920
$75-110k	$11,555	$46,220
$110k+	$48,479	$193,916

Financial Aid & Student Debt at MIT

19.0%

Pell Grant Recipients

$14,768

Median Debt at Graduation

Is MIT Worth the Cost? (ROI Analysis)

$143,372

Median Earnings (10yr)

$14,768

Median Debt

9.7x

Earnings-to-Debt Ratio

A ratio above 2x generally means the investment pays off. MIT — 9.7x ratio is excellent — graduates earn well relative to their debt burden.

MIT True Cost by Family Income

19% of students receive Pell Grants, indicating MIT enrolls a meaningful share of lower-income students.

Family Income	Annual Net Price	4-Year Total
$0-30k	$-2,533	$-10,132
$30-48k	$93	$372
$48-75k	$1,480	$5,920
$75-110k	$11,555	$46,220
$110k+	$48,479	$193,916

Cost Breakdown

Room & Board	$19,390
Total Cost of Attendance	$82,730

Financial Aid & Student Debt

19.0%

Pell Grant Recipients

Students from low-income families

$14,768

Median Debt at Graduation

Federal loans only

$131,633

Median Earnings (6yr)

6 years after enrollment

MIT Tuition & Cost FAQs

How much does MIT actually cost per year?

MIT's sticker price (cost of attendance) is $82,730/yr — that includes tuition, room and board, and fees. After financial aid, the average family pays just $11,815/yr, a 86% discount off sticker price.

Does MIT offer good financial aid?

19% of MIT students receive Pell Grants (federal need-based aid). Most US colleges including MIT also award institutional grants on top of federal aid — apply via FAFSA, plus the CSS Profile if MIT requires it.

What income bracket pays the least at MIT?

Families earning under $30,000/yr typically pay around $-2,533/yr at MIT after financial aid, while families earning over $110,000/yr pay closer to $48,479/yr. The full breakdown by income bracket is in the True Cost table above.

Is MIT worth the cost?

MIT graduates earn a median of $143,372 10 years post-graduation. Against a 4-year sticker cost of about $330,920 (less for most families with aid), grads typically recoup the investment within several years of work.