$51,520

Tuition

$70,240

Cost of Attendance

$18,971

Net Price

Massachusetts Institute of Technology (MIT) Tuition and Fees

Massachusetts Institute of Technology is a prominent educational institution known for offering a range of undergraduate, postgraduate, and doctoral programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at MIT is quite moderate compared to the expense of education at most institutions. The average annual cost for students opting to pursue undergraduate programs at the college is estimated to be around $53,790, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing costs $16,390, books and supplies cost $820, while the other expenses add up to $2,160.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$51,832$51,832
Book & Supplies$800$800
Room & Board cost$15,510$15,510
Other Expenses$2,098$2,098
Total Cost of Attendance$70,240$70,240

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. For students attending the university, the total tuition and fees for one year add up to about $53,790. Apart from that, they should also pay an average amount of $820 toward books and supplies, $16,390 for room and boarding charges, and $2,160 toward other expenses in a year. Hence, based on this information, the overall cost of attending the college adds up to around $73,160 per year.

Average Net Price by Family Income

Net Price

$18,971

Family Income

Avg. Net Price

$0 to $30,000

$7,581

$30,001 to $48,000

$3,343

$48,001 to $75,000

$2,938

$75,001 to $110,000

$9,303

$110,000+

$40,757

The net cost of attending Massachusetts Institute of Technology – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. So, it all essentially depends on the family income bracket of the student. At MIT, the average net price is estimated to be around $20,465. The net price for students with an annual family income below $30,000 is reported to be around $4,535. For the individuals who come under the $30,001-$48,000 income category, the net cost is $1,820. The amount stands at $6,049 for an annual income between $48,001 and $75,000, $14,381 for the $75,001-$110,000 income bracket, and $38,934 for a family income above $110,000.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$51,832$51,832
Room & Board Cost$15,510$15,510
Total Tuition & Fees$67,342$67,342

For students pursuing undergraduate courses at Massachusetts Institute of Technology, the tuition and fees are estimated to be $53,790 per year. Alongside that, they will likewise need to shell out around $16,390 toward their room and boarding charges. Accordingly, the overall cost for undergraduate students at the college totals about $73,160 per year, based on the available data.

Graduate Tuition and Fees

In-stateOut-State
Tuition$51,520$51,520
Fees$3,456$3,456

As for the students looking to enroll in postgraduate programs at MIT, the tuition and fees they are charged add up to $57,059 per year. This includes $53,450 for the graduate tuition as well as an amount of $3,609 for the graduation fees.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$800
Undergraduate2018 - 2019$800

The cost per credit hour – the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend Massachusetts Institute of Technology varies between graduate and undergraduate degrees. The cost per credit hour for graduate degrees sits at $951, while that of undergraduate degrees is $413, as per the 2019-2020 fee structure. Also, Massachusetts Institute of Technology currently offers a number of online courses to students across 52 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$15,510N/A
Other Expense$2,098N/A
Book & Supplies$800$800

As far as the housing and related charges at MIT are concerned, these expenses add up to around $18,550 per year if the student has opted to live on-campus. The room and boarding charges for the university’s on-campus students come to around $16,390. In addition to that, the candidates will have to pay an amount of about $820 for books and supplies. Furthermore, other expenses that the students should plan for come to around $2,160 for candidates who live on-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$15,510

Off Campus

N/A

Housing & Other Expenses

Other Expenses

On Campus

$2,098

Off Campus

N/A

Housing & Other Expenses

Book & Supplies

On Campus

$800

Off Campus

$800

As far as the housing and related charges at MIT are concerned, these expenses add up to around $18,550 per year if the student has opted to live on-campus. The room and boarding charges for the university’s on-campus students come to around $16,390. In addition to that, the candidates will have to pay an amount of about $820 for books and supplies. Furthermore, other expenses that the students should plan for come to around $2,160 for candidates who live on-campus.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Certificate NA NA
Certificate NA NA
Graduate Certificate NA NA

Massachusetts Institute of Technology (MIT) offers 17 online programs across 7 Majors.

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Massachusetts Institute of Technology is around $368,489 as per official data. To note, the total expenses for undergraduate students stood at $20,465 for 2018-2019, $18,971 for 2017-2018, and $22,230 for 2016-2017.

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