About Massachusetts Institute of Technology (MIT)
Type
Private
Not-For-Profit
4 Years
Student Population
11,574
Website
web.mit.edu/Accreditation
CIHE
Religious Affiliation
Not applicable
On Campus Housing
Yes
Massachusetts Institute of Technology, which is located in Cambridge, MA is a private university. Massachusetts Institute of Technology covers an area of 166 acres. In 1861, Massachusetts Institute of Technology was founded. Keeping the pursuit of research, innovation, and excellence at the center, Massachusetts Institute of Technology has been imparting quality education to its students. The motto of the varsity is Mens et Manus (Latin) and its official colors are cardinal red and silver gray. In addition to over 4,530 undergraduate students, MIT also boasts of over 6,990 students in its postgraduate courses, taking the total enrollment to over 11,520 (Fall 2019). To teach various courses to the students, the school has employed a total of 1,074 faculty. At Massachusetts Institute of Technology, around 99% of the students are 24 and under. And, when it comes to gender distribution at the varsity, around 47% of the students are females and 53% are males. Finally, at MIT around 30% are Asian, 29% are white, and 15% belong to Hispanic ethnicity. The college has produced several achievers in its 159 years of existence and some of the notable alumni are Dawson Engler (Professor), Paul Krugman (Commentator, Journalist), Charles Koch (Businessperson, Industrialist), and James Woods (Television producer, Film Producer). Massachusetts Institute of Technology's sporting teams are affiliated to NCAA Division III – NEWMAC, NEFC, Pilgrim League, and Division I – EARC and EAWRC (rowing). Like several universities in the country, athletics play an important part here as well. Taking into account all the undergraduate and graduate degrees, including both residential and online, MIT offers around 103 programs. The university also has a long list of accreditations. It has been accredited by AACSB (Association to Advance Collegiate Schools of Business), ABET (Accreditation Board for Engineering and Technology, Inc.), CSAB (Computing Sciences Accreditation Board), and NAAB (National Architectural Accrediting Board). The total endowment of the Massachusetts Institute of Technology is around $18 billion (2020).
Rankings
The rankings provided by Forbes and US News are trusted everywhere, as long as US universities are concerned. Massachusetts Institute of Technology has been ranked at the 4th position among other universities by Forbes. It is to be noted that Forbes decides on the rankings of the college based on common metrics like acceptance rate, endowment, benefits, and SAT scores, among others.
Admissions
Application Deadline
5th Jan
Acceptance Rate
7%
SAT Range
1500 - 1570
ACT Range
34 - 36
Application Fee
$75
SAT/ACT
Recommended
High School GPA
Recommended
Accept Common App
None
Admission to MIT is difficult. However, the university is selective in taking in students. Candidates are required to fill the form and submit a fee of $75, as part of the admission process at MIT. As per the past trends, the SAT score of a student must lie in the range of 1510-1570 to improve her chances. The average ACT score at Massachusetts Institute of Technology is 35. However, those getting an ACT score less than 34 might also be offered admission. The candidates can apply for the courses online. However, in case they need information or want to feel the vibes, they visit the school's office at 77 Massachusetts Avenue, Cambridge, Massachusetts 02139-4307. They can also call them at (617) 253-1000.
Annual Cost to Attend
Net Price
$18,971
Average Annual Cost
$51,520
Books And Supplies
$800
Other Fees
$312
Room And Board
$15,510
Budget For Other Expenses
$2,098
Total One Year Cost
$70,240
The next two things to keep in mind before applying to MIT are the tuition fees and the cost of living during the course tenure. The annual full-time cost of attendance comes out to be approximately $73,160. This cost includes the average annual tuition cost ($53,790), books and supplies ($820), room and boarding ($16,390), and budget for other expenses ($2,160). Students can also explore numerous financial aid options offered by the university.
Academics
Highest Degree Offered
Doctor's degree
Student:Faculty Ratio
3:1
Full-Time Retention Rate
99%
Part-Time Retention Rate
N/A
Academic Calendar
Four-one-four plan
Research Funding per Student
$129,522
Faculty Overview
Male Professors
Female Professors
Non-traditional Learning
Evening Degree Programs
Teacher Certification
Distance Education
Study Abroad
Majors
Computer Science
378 Graduates
Mechanical Engineering
169 Graduates
Mathematics
112 Graduates
Electrical, Electronics and Communi...
75 Graduates
Physics
68 Graduates
Aerospace, Aeronautical and Astrona...
55 Graduates
Chemical Engineering
54 Graduates
Biomedical/Medical Engineering
49 Graduates
Biology, General
44 Graduates
Materials Engineering
33 Graduates
Neurobiology and Neurosciences
25 Graduates
Biomathematics, Bioinformatics, and...
24 Graduates
Mathematics and Computer Science
24 Graduates
Economics
23 Graduates
Management Sciences and Quantitativ...
22 Graduates
Chemistry
21 Graduates
Nuclear Engineering
17 Graduates
Civil Engineering
11 Graduates
Business/Commerce, General
10 Graduates
Communication and Media Studies
10 Graduates
Liberal Arts and Sciences, General...
10 Graduates
Architecture
9 Graduates
Environmental/Environmental Health...
8 Graduates
Political Science and Government
8 Graduates
Geological and Earth Sciences/Geosc...
7 Graduates
City/Urban, Community and Regional...
6 Graduates
English Language and Literature, Ge...
6 Graduates
Drama/Theatre Arts and Stagecraft
4 Graduates
Philosophy
3 Graduates
Rhetoric and Composition/Writing St...
3 Graduates
Anthropology
2 Graduates
Finance and Financial Management Se...
2 Graduates
Linguistic, Comparative, and Relate...
2 Graduates
Music
2 Graduates
History
1 Graduates
Science, Technology and Society
1 Graduates
Student Body
Undergraduate Students
4,602
Socio-Economic Diversity
17%
Part-time
1%
Students Gender
LGBTQIA STUDENT RESOURCE GROUPS
ON CAMPUS WOMEN'S CENTER
Race/Ethnicity
Geographic Density
Geographic Density
High
Unknown Location
Out Of State
In State
Foreign
Economic Diversity
36% percentage of students who recieved an income-based Federal Pell Grant intended for low-income students.
Median Household Income
$77,426 per year
Campus Life
Housing
The students can reside on campus and 100% of Freshman Live On-Campus.
On Campus Housing Available
Yes
Freshmen Required to Live on Campus
No
Freshmen Live on Campus
100%
Undergrads in College Housing
94%
Averege Housing Cost
$9,890/year
Campus Food
The institution has several dining and meal plan options available to students and the average meal plan cost is around $5,620/year.
Meal Plan Available
Yes
Average Meal Plan Available
$5,620/year
Athletes
Division Sports Nickname
Beaver
School Colors
cardinal red and silver gray
Varsity Athletics Association
NCAA
Varsity Athletics Conference Primary
New England Women's & Men's Athletic Conference
Total Male Athletes
369
Total Female Athletes
293
Intramural Sports
24
Sports Club
38
Sports Team (Men)
Baseball
Basketball
Crew-Rowing
Fencing
Football
Golf
Ice Hockey
Rifle
Soccer
Swimming and Diving
Tennis
Track and Field
Volleyball
Water Polo
Squash
Sailing
Sports Team (Women)
Basketball
Crew-Rowing
Field Hockey
Lacrosse
Rifle
Soccer
Swimming and Diving
Tennis
Track and Field
Volleyball
Campus Safety
24-Hour Security Patrol
Yes
Campus Emergency Phones
Yes
24-Hour Escort Safety rides
Yes
Mobile Campus Emergency Alert
Yes
Students who want to enjoy the campus and lodging life can benefit from the on-campus housing facility provided by MIT. The normal expense for on-campus housing is $16,390 per year. The students at Massachusetts Institute of Technology have several dining and meal plan options to choose from. Moreover, the average meal plan costs around $5,620 per year. To ensure the safety and security of students, the college has a number of campus safety and security measures in place. Some of these features include 24-hr security patrol, campus emergency phones, 24-hr escort safety rides and mobile campus emergency alert. The number of female and male students at the college are 53% and 47%, respectively.
After Graduation
Median Earnings 6 Years After Graduation
$82,200/year
Median Earnings 10 Years After Graduation
$104,700/year
Typical Monthly Loan Payment
$85 - 150
Financial Aid
Students Receiving Gift Aid
Average Aid Per Year
$48,459
Students Receiving Federal Grants
Average Aid Per Year
$8,225
Students Receiving State Aid
Average Aid Per Year
$2,265
Students Receiving Institutional Grants
Average Aid Per Year
$46,080
Average Grant & Scholarship by Family Income
Income
Average Amount
< $30K
$59,849
$30K - $48K
$64,087
$48K - $75K
$64,492
$75K - $110K
$58,127
> $110K
$26,673
Total Needs based Scholarships/Grants
$130,225,282
Total Non-Needs based Scholarships/Grants
$3,499,690
In case the students at Massachusetts Institute of Technology face any financial issues concerning the fees and cost of living, and find the same to be high, they can seek help from the financial aid department of the varsity. It focuses on settling the issues that students face, and candidates can be assisted with scholarships, grants, and student loans. At the college, the average federal grant comes to be around $8,159, whereas the financial aid is $47,150. The students at the college are provided with state aid and institutional aid. The state aid stands at $2,349, while the institutional aid is $47,150. The total need-based scholarships/grants offered at MIT based on students' financial needs add up to $130,225,282 per year. Meanwhile, the total non-need-based scholarships/grants in a year come to around $3,499,690.
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