Paying for MIT
Undergraduate Tuition & Fees
$60,156
Graduate Tuition & Fees
$63,393
On-campus Living Costs
$21,694
Undergraduate Tuition per Credit Hour
$2,775
Graduate Tuition per Credit Hour
$2,775
The 2024 tuition & fees of Massachusetts Institute of Technology are $60,156 for undergraduate programs. For graduate programs, the tuition & fees are $60,156 for graduate programs.
Compared to Private (not-for-profit), 4-Years Colleges in Massachusetts, the undergraduate tuition & fees are expensive and the graduate tuition & fees are very expensive.
Compared to similar schools in rankings such as Stanford University and Princeton University, tuition & fees of Massachusetts Institute of Technology is average where the average tuition & fees of the schools are $63,880.
The average living cost of the school is $21,694 when a student lives in on-campus housing.
*Data Source: 2023-2024 Tuition & Fees - NCES (Last Update: 03/01/2024)
2024 Tuition and Comparison Chart
The following chart visualizes the MIT's 2024 tuition & fees and compares to similar schools by school type, level, and location.
2024 Tuition & fees
The 2024 undergraduate tuition & fees at Massachusetts Institute of Technology are $60,156 on average over undergraduate programs. The undergraduate tuition & fees have increased by 3.74% from last year.
The 2024 graduate tuition & fees are $63,393 on average. The graduate tuition & fees have increased by 3.80% from last year.
The following table and chart show the 2024 tuition & fees and the tuition trends over the last 5 years.
| Year | Undergraduate | Graduate | ||
|---|---|---|---|---|
| Tuition | Fees | Tuition | Fees | |
| 2020 | $53,450 | $340 | $53,450 | $340 |
| 2021 | $53,450 | $0 | $53,450 | $0 |
| 2022 | $55,510 | $368 | $55,510 | $368 |
| 2023 | $57,590 | $396 | $57,590 | $396 |
| 2024 | $59,750 | $406 | $59,750 | $406 |
Living Costs
The 2024 average on-campus living costs is $21,694 including room & board and other living expenses (a student lives in on-campus housing such as dormitory and school-owned apartment).
The living cost at the school has increased by 3.24% from last year.
The following table and chart show the living costs changes over the last 5 years.
| Year | Room & Board | Other Expenses |
|---|---|---|
| 2020 | $16,390 | $2,160 |
| 2021 | $16,000 | $2,182 |
| 2022 | $18,100 | $2,202 |
| 2023 | $18,790 | $2,224 |
| 2024 | $19,390 | $2,304 |
Books & Supplies Costs Trends Chart
The 2024 average cost for purchasing books & supplies is $880 at Massachusetts Institute of Technology. The books & supplies cost has increased by 3.53% from last year.
The following table and chart show the 2024 books & supplies costs and the trends over the last 5 years.
| Year | Books & Supplies Costs |
|---|---|
| 2020 | $820 |
| 2021 | $830 |
| 2022 | $840 |
| 2023 | $850 |
| 2024 | $880 |
Tuition Per Credit Hour
The 2024 undergraduate tuition per credit hour at Massachusetts Institute of Technology is $2,775 on average over undergraduate programs. The undergraduate tuition per credit hour has increased by 211.80% from last year.
The 2024 graduate tuition per credit hour is $2,775 on average. The graduate tuition per credit hour has increased by 211.80% from last year.
The following table and chart show the 2024 tuition per credit hour and its trends over the last 5 years.
| Year | Undergraduate | Graduate |
|---|---|---|
| 2020 | $830 | $830 |
| 2021 | $860 | $860 |
| 2022 | $860 | $860 |
| 2023 | $890 | $890 |
| 2024 | $2,775 | $2,775 |