by our College Data Analytics TeamBelow is the data on what it actually costs to attend Massachusetts Institute of Technology, including attendance costs, projected four- and two-year degree costs, average net price, debt outcomes, and how aid is distributed across income levels.
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Published attendance costs at Massachusetts Institute of Technology works out to about $79,850.00 annually.
Here the cost is broken out three ways: no aid, average aid, and the aid a low-income student typically receives.
| Tuition and fees | $62,396.00 |
| + Room, board & other expenses | $17,454.00 |
| Total cost | $79,850.00 |
| That is 143% above the national average net price. |
| Total cost | $79,850.00 |
| − Grants and scholarships | −$62,619.00 |
| Net price | $17,231.00 |
| That is 47% below the national average net price. |
| Total cost | $79,850.00 |
| − Grants and scholarships | −$85,263.00 |
| Net price | $-5,413.00 |
| That is 117% below the national average net price. | |
| Go deeper on the components with the tuition & fees page plus living costs. |
The reported cost series has been increasing by roughly 3.7% per year, so the four-year total runs well above today’s cost. The detailed projections below compare a degree for a low-income aided student, an average-aid student, and a no-aid student. The loan rows amortise the projected total over a ten-year, 6.8% repayment.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 3.7% | 3.7% | 3.7% |
| Freshman year | $-5,616.00 | $17,876.00 | $82,841.00 |
| Senior year | $-6,271.00 | $19,962.00 | $92,504.00 |
| Total 4-year net price | $-23,757.00 | $75,625.00 | $350,455.00 |
| 10-year loan interest @ 6.8% | $-9,051.00 | $28,811.00 | $133,511.00 |
| Total monthly payment | $-273.00 | $870.00 | $4,033.00 |
| Total amount paid | $-32,808.00 | $104,436.00 | $483,965.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 3.7% | 3.7% | 3.7% |
| Freshman year | $-5,616.00 | $17,876.00 | $82,841.00 |
| Senior year | $-5,826.00 | $18,546.00 | $85,945.00 |
| Total 2-year net price | $-11,442.00 | $36,423.00 | $168,786.00 |
| 10-year loan interest @ 6.8% | $-4,359.00 | $13,876.00 | $64,301.00 |
| Total monthly payment | $-132.00 | $419.00 | $1,942.00 |
| Total amount paid | $-15,801.00 | $50,298.00 | $233,087.00 |
See the full net-price breakdown in the net price section below.
Net price is what students actually pay after grants and scholarships are subtracted from the published sticker price. This is the more honest cost figure for most families, since it accounts for institutional and federal aid.
| Average net price (on-campus) | $20,111.00 |
| Average net price (off-campus) | $19,813.00 |
Net price is far from uniform: lower-income families typically pay much less after aid. The figures below give average net price by income bracket:
| Family income | Average net price |
|---|---|
| Under $30,000 | $-4,129.00 |
| $30,000 to $48,000 | $-2,483.00 |
| $48,001 to $75,000 | $4,621.00 |
| $75,001 to $110,000 | $13,696.00 |
| Over $110,000 | $46,627.00 |
Use Massachusetts Institute of Technology Net Price Calculator, or get in touch with the financial aid office.
Dig into how aid is awarded on the financial aid breakdown.
The typical debt load for borrowers leaving Massachusetts Institute of Technology comes to $12,462.00, which federal data classifies as a Low ($10-20k) debt-load classification.
Across borrowers, debt at graduation distributes like this:
| Percentile | Debt at graduation |
|---|---|
| 10th | $4,000.00 |
| 25th | $7,500.00 |
| Median (50th) | $12,462.00 |
| 75th | $27,000.00 |
| 90th | $37,091.00 |
The gap between 10th and 90th percentile borrowers gives a sense of how uneven debt outcomes are.
Read the complete debt breakdown on the student-loan-debt breakdown.
Family income tracks closely with debt at graduation. The breakdown below segments borrowers by family income at entry:
| Family income | Median debt at graduation |
|---|---|
| Low income | $6,500.00 |
| Middle income | $9,950.00 |
| High income | $13,837.00 |
First-generation students frequently graduate with different debt than continuing-generation students.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $13,000.00 |
| Continuing-generation students | $12,000.00 |
First-gen borrowers at Massachusetts Institute of Technology take on $1,000.00 more debt than continuing-generation students.
Pell Grant eligibility is a useful proxy for low-income status among undergraduates. Comparing Pell recipients vs non-recipients shows how debt is distributed by need.
The median debt gap between Pell and non-Pell graduates of Massachusetts Institute of Technology works out to $-4,261.00.
The default-rate category at Massachusetts Institute of Technology is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 1.1% |
For a sense of scale, Stafford disbursements at Massachusetts Institute of Technology amount to $96,149,283.00 across 5,426 recipients.
Veteran and active-military students often access dedicated federal aid programs including the Post-9/11 GI Bill and Department of Defense Tuition Assistance.
| GI Bill recipients | 80 |
| Avg GI Bill amount | $41,100.00 |
Explore GI Bill and military aid in detail on the veteran aid breakdown.
Beyond the data above, it helps to ask a few questions when weighing Massachusetts Institute of Technology, keep these questions in mind:
Each page below covers one part of paying for college in more detail:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.