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The annual student budget, or cost of attendance, is the total amount we estimate it will cost a student to attend MIT for one year. It includes costs that are billed by MIT, such as tuition, housing, food, and estimates for other expenses, such as books, supplies, and personal expenses.
The Institute’s undergraduate financial aid ensures that an MIT education is accessible to all qualified candidates regardless of their financial circumstances. MIT provides financial aid to meet the yearly cost of attendance based on a family’s demonstrated financial need.
Tuition for the upcoming academic year is announced in March by the MIT Corporation and based on a recommendation from Academic Council. Your tuition depends on your registration load . As the steward of your registration, the Registrar’s Office assesses tuition.
The cost of attendance for the 2024–2025 academic year is $85,960.This number is actually much lower than what it costs MIT to educate students. However, most students pay far less than the total cost of attendance because of our need-based financial aid. For more detailed information regarding the cost of attendance prior to financial aid ...
The Quick College Cost Estimator provides a quick estimate based on six questions. For a more in-depth review and to determine Pell eligibility you will need to use the Net Price Calculator.
The table below reflects standard undergraduate tuition rates for the 2024-2025 academic year. Amounts are per term, unless noted. Payment of full tuition in the fall or spring terms also covers subjects offered for academic credit during the Independent Activities Period (IAP) in January.
The full price of an MIT education is $85,960 for the 2024–2025 academic year. However, most students pay far less than that. We offer full-need financial aid, which means we meet 100% of your demonstrated financial need for all four years of your undergraduate career.
MIT’s tuition represents a significant discount to the cost of an MIT education—for all undergraduates. We further discount tuition with our need-based scholarships.
Tuition. The table below reflects standard undergraduate tuition rates for the 2024–2025 academic year. Amounts are per term, unless noted.
For detailed information regarding the cost of attendance for the 2024–2025 academic year, including specific costs for tuition and fees, books and supplies, housing and food as well as transportation, please visit the Student Financial Services website.