The sticker price for MIT is 70,596, 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 20% of students receive grants from the federal government.


Tuition & Financial Aid for 2019

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Sticker Price
$70,596
Your Estimated Net Cost
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Debt at Graduation
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Debt Burden
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Estimated Monthly Payment
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Full Cost of Attendance

Sticker Price

$70,596
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Note: 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.

Scholarships, Grants, and Aid

  • Average Student Grant Aid
    $48,459
  • Percent Receiving Grant Aid
    60%
  • Average Institutional Grant
    $46,080
  • Percent Receiving Institutional Grant
    60%
  • Average Federal Grant
    $8,225
  • Percent Receiving Grant
    20%
  • Average Student Loans
    $8,754
  • Percent Receiving Student Loans
    11%
  • Endowment
    $14,832,483,000
  • Endowment Per Student
    $1,281,534
  • Eligible students may receive Pell Grants and other federal aid (e.g. Direct Loans)

Middle Class Affordability Rankings

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Average Net Price by Income - Reported in 2017-2018

Athletic Scholarships (not need based)
  • Average scholarship / Female athlete
    $0
  • Average scholarship / Male athlete
    $0
  • Average scholarship / athlete
    $0
  • # Female athletes
    287
  • # Male athletes
    388
  • Total # athletes
    675
  • Payment Options
    Prepaid tuition plan
    Tuition payment plan

Average Net Price by Income - Estimated

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