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Paying for MIT

For the academic year 2022-2023, the tuition & required fees is $60,156 for prospective students at MIT. The tuition & fees is increased by 3.74% compared to last year. The graduate school tuition & fees is $63,393.
The living costs including room, board, and other expenses is $21,014 when a student lives on campus and $21,014 when a student lives off campus at Massachusetts Institute of Technology.
  • Undergraduate Tuition: $60,156
  • Graduate Tuition: $63,393
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Cost of Attendance (COA)

For the academic year 2022-2023, the tuition & required fees is $60,156 for prospective students at MIT. The tuition & fees is increased by 3.74% compared to last year. The graduate school tuition & fees is $63,393.
77 out of total 4,657 undergraduate students (2%) received financial aid(grants or scholarship) and the average amount of the aid is $44,422.
The living costs including room, board, and other expenses is $21,014 when a student lives on campus and $21,014 when a student lives off campus at Massachusetts Institute of Technology. The total cost of attendance (COA) is $82,020 before receiving financial aid and the net price with financial aid is $37,598.
Massachusetts Institute of Technology 2023 Cost of Attendance
Tuition & Fees$60,156 (2023)
Living Costs$21,014 (On-campus)
$21,014 (Off-campus)
Cost of attendance
Living on Campus$79,850
Living off Campus$79,850
Average Financial Amount$44,422
Net Price after Aid
Living on Campus$35,428
Living off Campus$35,428

MIT 2023 Tuition & Fees

For the academic year 2022-2023, the tuition & fees of Massachusetts Institute of Technology is $60,156 for undergraduate programs. The undergraduate tuition & fees are increased by 3.77% compared to previous academic year.
The 2023 graduate tuition & fees is $63,393. The graduate tuition & fees are increased by 3.57% compared to previous academic year at MIT.
2022-2023 Tuition & fees at Massachusetts Institute of Technology
UndergraduateGraduate
TuitionFeesTuitionFees
2018-2019$51,520$312$51,520$3,456
2019-2020$53,450$340$53,450$3,609
2020-2021$53,450-$53,450$3,269
2021-2022$55,510$368$55,510$3,457
2022-2023$57,590$396$57,590$3,485
2023-2024$60,156-$59,750$3,643

MIT 2023 Living Costs

For the academic year 2022-2023, the living cost is $21,014 when a student lives on-campus housing facilities (i.e. dormitory, school owned apartments, etc.) at Massachusetts Institute of Technology. On-campus living costs are increased by 3.51% compared to previous academic year. The off-campus living cost is $21,014. .
2022-2023 Living Costs at Massachusetts Institute of Technology
Living On-CampusLiving Off-Campus
Room & BoardOther ExpenseRoom & BoardOther Expense
2018-2019$15,510$2,098--
2019-2020$16,390$2,160--
2020-2021$16,000$2,182$8,000$2,182
2021-2022$18,100$2,202--
2022-2023$18,790$2,224$18,790$2,224
2023-2024$19,390$2,304--

MIT 2023 Tuition per Credit Hour

For the academic year 2022-2023, the tuition per credit hour at Massachusetts Institute of Technology is $890 for undergraduate programs. The undergraduate tuition per credit hour are increased by 3.49% compared to previous academic year.
The graduate tuition per credit hour is $890 at Massachusetts Institute of Technology. The graduate tuition per credit hour are increased by 3.49% compared to previous academic year.
2022-2023 Tuition per Credit Hour Massachusetts Institute of Technology
UndergraduateGraduate
2018-2019$800$800
2019-2020$830$830
2020-2021$860$860
2021-2022$860$860
2022-2023$890$890
2023-2024--

MIT 2023 Book & Supply Costs

For the academic year 2022-2023, The average books & supplies cost at Massachusetts Institute of Technology is $850. The book & supply costs are increased by 1.19% compared to previous academic year.
2022-2023 Costs for Books & Supplies Massachusetts Institute of Technology
Books & Supplies Costs
2018-2019$800
2019-2020$820
2020-2021$830
2021-2022$840
2022-2023$850
2023-2024$880

MIT Alternative Tuition Plans

Massachusetts Institute of Technology offers alternative tuition plans including Tuition payment plan.
Alternative Tuition Plans offered by Massachusetts Institute of Technology
Tuition guaranteed plan✗
Prepaid tuition plan✗
Tuition payment plan✔
Other alternative tuition plan✗

Highest Tuition in Massachusetts

See Colleges having the highest tuition & fees in Massachusetts
MGH Institute of Health Professions (MGH Institute of Health Professions) is a Private, 4-years school located in Boston, MA. The 2023 tuition & fees is $93,980. The school has a total enrollment of 1,353 and student to faculty ratio is 10 to 1 (10.00%).
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Tufts University (Tufts) is a Private, 4-years school located in Medford, MA. The 2023 tuition & fees is $67,844. The school has a total enrollment of 13,431 and student to faculty ratio is 10 to 1 (10.00%).
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Boston College (Boston) is a Private, 4-years school located in Chestnut Hill, MA. The 2023 tuition & fees is $67,680. The school has a total enrollment of 15,287 and student to faculty ratio is 12 to 1 (8.33%).
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Amherst College (Amherst) is a Private, 4-years school located in Amherst, MA. The 2023 tuition & fees is $67,280. The school has a total enrollment of 1,898 and student to faculty ratio is 7 to 1 (14.29%).
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Bard College at Simon's Rock (Simon's Rock) is a Private, 4-years school located in Great Barrington, MA. The 2023 tuition & fees is $66,594. The school has a total enrollment of 298 and student to faculty ratio is 6 to 1 (16.67%).
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Lowest Tuition in Massachusetts

See Colleges having the lowest tuition & fees in Massachusetts (4 years colleges)
Quincy College (Quincy) is a Public, 4-years school located in Quincy, MA. The 2023 tuition & fees is $7,344 for Massachusetts residents and $7,536 for out-of-state students. The school has a total enrollment of 2,602 and student to faculty ratio is 18 to 1 (5.56%).
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Massachusetts General Hospital Dietetic Internship (Massachusetts General Hospital Dietetic Internship) is a Private, 4-years school located in Boston, MA. The 2023 tuition & fees is $7,550. The school has a total enrollment of 22.
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William James College (William James) is a Private, 4-years school located in Newton, MA. The 2023 tuition & fees is $10,655. The school has a total enrollment of 897 and student to faculty ratio is 5 to 1 (20.00%).
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National Graduate School of Quality Management (National Graduate School of Quality Management) is a Private, 4-years school located in Falmouth, MA. The 2023 tuition & fees is $11,810. The school has a total enrollment of 268 and student to faculty ratio is 10 to 1 (10.00%).
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New England College of Business and Finance (New England College of Business and Finance) is a Private, 4-years school located in Boston, MA. The 2023 tuition & fees is $12,120. The school has a total enrollment of 1,237 and student to faculty ratio is 13 to 1 (7.69%).
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Rivalry Schools to MIT

Compare similar and rivalry schools to Massachusetts Institute of Technology with admission, tuition, and more academic facts.
MIT vs. Brown
Brown University (Brown) is a Private, 4-years school located in Providence, RI. The 2023 tuition & fees is $68,230. The school has a total enrollment of 11,189 and student to faculty ratio is 6 to 1 (16.67%).
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MIT vs. UPenn
University of Pennsylvania (UPenn) is a Private, 4-years school located in Philadelphia, PA. The 2023 tuition & fees is $66,104. The school has a total enrollment of 28,201 and student to faculty ratio is 8 to 1 (12.50%).
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MIT vs. Columbia University
Columbia University in the City of New York (Columbia University) is a Private, 4-years school located in New York, NY. The 2023 tuition & fees is $69,045. The school has a total enrollment of 34,782 and student to faculty ratio is 6 to 1 (16.67%).
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MIT vs. Princeton
Princeton University (Princeton) is a Private, 4-years school located in Princeton, NJ. The 2023 tuition & fees is $59,710. The school has a total enrollment of 8,842 and student to faculty ratio is 5 to 1 (20.00%).
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MIT vs. Harvard
Harvard University (Harvard) is a Private, 4-years school located in Cambridge, MA. The 2023 tuition & fees is $59,076. The school has a total enrollment of 30,631 and student to faculty ratio is 7 to 1 (14.29%).
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MIT vs. Chicago
University of Chicago (Chicago) is a Private, 4-years school located in Chicago, IL. The 2023 tuition & fees is $66,939. The school has a total enrollment of 18,339 and student to faculty ratio is 5 to 1 (20.00%).
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MIT vs. Yale
Yale University (Yale) is a Private, 4-years school located in New Haven, CT. The 2023 tuition & fees is $64,700. The school has a total enrollment of 14,776 and student to faculty ratio is 6 to 1 (16.67%).
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MIT vs. Caltech
California Institute of Technology (Caltech) is a Private, 4-years school located in Pasadena, CA. The 2023 tuition & fees is $63,255. The school has a total enrollment of 2,401 and student to faculty ratio is 3 to 1 (33.33%).
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Massachusetts Best Colleges

Check out the top colleges in Massachusetts and compare them to get right decision.

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Massachusetts Institute of TechnologyPrivate, 4-yearsCambridge, MA

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Williams CollegePrivate, 4-yearsWilliamstown, MA

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Amherst CollegePrivate, 4-yearsAmherst, MA

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Tufts UniversityPrivate, 4-yearsMedford, MA

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Wellesley CollegePrivate, 4-yearsWellesley, MA

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All data used in our site is from IPEDS (The Integrated Postsecondary Education Data System), U.S. Department of Education, academic year 2022-2023
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