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In the 2022–2023 academic year, the Institute awarded $152.3 million in MIT Scholarships, which are grants that do not need to be repaid. Students with family incomes under $ 140,000 (and typical assets) attend MIT tuition-free. For more detailed information about financial aid and the cost of attendance, visit the SFS website
MyinTuition Quick College Cost Estimator. 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.
Costs. COSTS. Tuition. The table below reflects standard undergraduate tuition rates for the 2023–2024 academic year. Amounts are per term, unless noted. Undergraduate tuition, per term, fall and spring, 2023–2024. Regular undergraduate students who have permission to take only a few subjects are initially charged full tuition.
The tuition for all regular graduate students, including fellows, trainees, and academic staff in the 2023 summer session was $20,640. A number of miscellaneous fees may apply each term, unrelated to tuition.
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.
Registrar’s Office, 5-117 . Phone (617) 258-6406 Fax (617) 253-7459. March 30, 2022. SCHEDULE OF FEES 2022-2023. 2022 Summer Session – 2022SU. 1 A summer tuition subsidy is in effect for graduate students in qualifying programs. Please see Appendix A for details. Tuition for Continuing Graduate Students: 2022SU.
Cost versus price | MIT Student Financial Services. All undergraduates attend MIT at a significant discount to the true cost of an MIT education. The actual cost of an MIT education is about twice the annual tuition. Even those students who pay full tuition do not pay the total cost.
