Cost Details
- In-State Tuition
- $60,156
- Out-of-State Tuition
- $60,156
- Average Net Price
- $19,813
- Students Receiving Financial Aid
- 19.0%
- Room & Board (On Campus)
- $19,390
- Books & Supplies
- $880
- Total Cost of Attendance
- $80,426
- Median Debt at Graduation
- $14,768
- Estimated Monthly Loan Payment
- $157/mo
- Loan Repayment Rate
- 91.8%
- Students Taking Federal Loans
- 6.6%
- Pell Grant Recipients
- 19.0%
Cost Overview
Most families pay far less than MIT's $80,426 sticker price thanks to the institute's generous need-based aid. Families earning under $75,000 pay just $4,621 annually, while those making $75,000-$110,000 pay $13,696. Even high earners above $110,000 pay $46,627 after aid. Over four years, that ranges from $18,484 to $186,508 depending on family income.
Graduates leave with a median debt of just $14,768, translating to monthly payments of $157. That's remarkably manageable given MIT engineers earn a median $143,372 ten years out. The loan repayment rate hits 91.82%, reflecting both strong earnings and modest debt loads. Middle-class families get the sweetest deal here. MIT's financial aid primarily targets need over merit, making this top engineering education surprisingly affordable for families earning between $48,000 and $110,000 annually.
Graduates leave with a median debt of just $14,768, translating to monthly payments of $157. That's remarkably manageable given MIT engineers earn a median $143,372 ten years out. The loan repayment rate hits 91.82%, reflecting both strong earnings and modest debt loads. Middle-class families get the sweetest deal here. MIT's financial aid primarily targets need over merit, making this top engineering education surprisingly affordable for families earning between $48,000 and $110,000 annually.
Official Net Price Calculator
Get a personalized cost estimate from Massachusetts Institute of Technology:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.