Tuition and Financial Aid

Undergraduate Tuition and Living Expenses

  • 2019–2020 tuition and fees (9 months): $53,790*
  • Housing and meals, depending on housing and dining arrangements: ~$16,390
  • Books and personal expenses: ~$2,980

Undergraduate Financial Aid

Selected Undergraduate Financial Aid Statistics, 2018–2019
Average need-based MIT scholarship $47,593
Students awarded a need-based MIT scholarship 59%
Students attending tuition-free 31%
Class of 2019 graduates with no student loan debt 76%
Average student loan debt for those who borrowed $23,226
Average yearly earnings for those who worked $3,398

The Institute’s undergraduate financial aid program ensures that an MIT education is accessible to all qualified candidates regardless of their financial circumstances. MIT provides financial aid to meet the full price of an MIT education, based on the calculated financial need of the family. In 2018–2019, 90% of undergraduates received $160.3 million in financial aid from all sources, with MIT being the largest source. For students with a family income under $90,000, the Institute ensures that scholarship funding from all sources will allow them to attend MIT tuition-free.

Financial need is the difference between the cost to attend MIT and the family’s ability to pay that amount. Need is determined using information parents provide on the Free Application for Federal Student Aid (FAFSA) and the College Scholarship Service (CSS) Profile. The first $3,400 of financial need is designated as self-help and can be met through a combination of term-time work, outside scholarships or grants (including Pell Grants), or student loans. The remaining need, if any, is met with an MIT Scholarship. Students receiving scholarships and grants from sources outside MIT may use that aid to replace the student self-help.

Graduate Tuition and Living Expenses

Graduate students generally incur greater expenses than undergraduates. Most attend the Institute for a calendar year rather than an academic year, increasing the cost of tuition.

  • 2019–2020 tuition and fees (9 months): $53,790 (specific programs and departments may have different tuition amounts).*
  • 2019 summer tuition for students enrolled in courses: $17,800

MIT’s residential system can accommodate 38% of its graduate students; the rest find housing in the Boston/Cambridge area. Graduate students’ costs for housing, food, books, medical insurance, and incidentals vary widely depending on marital status, quality-of-life expectations, and housing arrangements. For example, monthly charges for on-campus housing range from $838 to $2,148 depending on housing type and location.

Graduate Financial Aid

Financial aid for graduate students is in large part provided by individual departments, and the amount of aid varies significantly. Financial support includes fellowships, traineeships, teaching and research assistantships, and loans. Most forms of support are granted for merit, while others are granted for financial need or a combination of merit and need.

Doctoral Student Support, by Type and School, 2018–2019
School RA FE TA Other or none
RA=research assistantship, FE=fellowship, TA=teaching assistantship
Architecture and Planning 53% 14% 21% 13%
Engineering 58% 21% 8% 13%
Humanities, Arts, and Social Sciences 28% 37% 19% 17%
Management 34% 49% 14% 3%
Science 49% 36% 13% 3%
Total 51% 28% 11% 10%

*Tuition rates are set by the Academic Council in the spring for the following academic year.