The sticker price for MIT is 86,827, 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 2026
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$86,827
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Est. Monthly Payment
* The above net price is College Raptor’s estimate. Please contact the college financial aid office for actual net cost figures.
Full Cost of Attendance
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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.
Scholarship, Grant, Loan, and Endowment Overview
Grants and Academic Scholarships
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Avg. Student Grant Aid$58,331
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% Students Receiving Grant Aid58%
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Avg. Institutional Grant$55,983
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% Students Receiving Institutional Grant57%
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Avg. Federal Grant$8,846
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% of Students Receiving Grant18%
Loans
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Avg. Student Loans$12,071
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% of Students Receiving Student Loans8%
Athletic Scholarships (not need based)
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Avg. scholarship, Female athlete$0
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# Female athletes340
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Avg. scholarship, Male athlete$0
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# Male athletes415
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Avg. scholarship, Athlete$0
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Total # athletes755
Endowment
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Total Endowment$23,453,446,000
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Endowment Per Student$1,967,570
Average Net Price by Income - Reported in 2023-2024
Average Net Price by Income - Estimated
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