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Massachusetts Institute of Technology
The sticker price for MIT is 76,736, but this is not the amount most students pay. The school stands by the fact that students should get into MIT by merit and not held back by lack of financial resources. Admissions are need-blind, meaning they will not take a student’s financial situation into account when deciding acceptance, and the school offers financial aid only on the basis of need, not a measure of merit. If you belong at MIT, MIT will help you attend.
The university also has programs such as Income Based Repayment. Average debt for completers is $18,859. In addition, about 18% of students receive grants from the federal government.
Tuition & Financial Aid for 2025
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Sticker Price
$76,736
Debt at Graduation
Estimated Monthly Payment
Full Cost of Attendance
Sticker Price
$76,736
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Note:
Most students do not pay full sticker price for college. See the top section of this page for info about your estimated net price.
College costs often differ from the school's listed prices because College Raptor estimates costs for the upcoming year based on historical inflation using the most recently available data about each college from the U.S. Department of Education.
College costs often differ from the school's listed prices because College Raptor estimates costs for the upcoming year based on historical inflation using the most recently available data about each college from the U.S. Department of Education.
Scholarships, Grants, and Aid
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Average Student Grant Aid$58,331
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Percent Receiving Grant Aid58%
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Average Institutional Grant$55,983
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Percent Receiving Institutional Grant57%
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Average Federal Grant$8,846
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Percent Receiving Grant18%
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Average Student Loans$12,071
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Percent Receiving Student Loans8%
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Endowment$24,600,809,000
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Endowment Per Student$2,074,617
Eligible students may receive Pell Grants and other federal aid (e.g. Direct Loans)
Average Net Price by Income - Reported in 2022-2023
Athletic Scholarships (not need based)
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Average scholarship / Female athlete$0
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Average scholarship / Male athlete$0
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Average scholarship / athlete$0
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# Female athletes303
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# Male athletes426
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Total # athletes729
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Payment OptionsPrepaid tuition plan
Tuition payment plan
Average Net Price by Income - Estimated
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Is our net price estimate accurate? Use the official Massachusetts Institute of Technology net price calculator and let us know.
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