Massachusetts Institute of Technology

Is MIT a Good School for the Money?

Massachusetts Institute of Technology Value Report

Is a MIT degree worth it? Only you know for sure, but College Factual's value analysis can help answer that question. Keep reading for more.

Within Massachusetts, MIT is a Great Quality for a Good Price.

Top 20% Massachusetts Value
Top 5% Massachusetts Quality

Massachusetts Institute of Technology is ranked #2 out of #68 in Massachusetts for quality and #10 out of #64 for Massachusetts value.

This makes it a great quality for a good price in the state.

State Value Ranking  10 out of 64
Overpriced
Great Value
State Value Score  84.38 out of 100
Overpriced
Great Value

Live in-state? You may qualify for a reduced price. Check the MIT financial aid page to be sure.

Above Average Value Nationwide

Top 30% National Value
Top 1% National Quality

Massachusetts Institute of Technology is ranked #399 out of 1,472 for value nationwide.

Massachusetts Institute of Technology is priced well for the kind of quality education they provide and thus has earned a good price recognition from College Factual's analysis.

National Value Ranking  399 out of 1472
Overpriced
Great Value
National Value Score  72.89 out of 100
Overpriced
Great Value

Prices of Institutions with Similar Quality Scores

School Total Price Value Grade
Pomona College $180,568 B
Massachusetts Institute of Technology $180,951 B
Princeton University $181,925 B
Williams College $198,696 B-
Stanford University $198,802 B-
Yale University $203,007 B-
Duke University $211,039 B-
California Institute of Technology $214,065 C+
Harvard University $221,071 C+
University of Pennsylvania $232,296 C

*Total price is determined by multiplying average annual cost by time to graduate.

That Degree May Cost You $180,951 in Total

On average, a bachelor's degree from MIT will cost you about $180,951. This is based on an average price (with and without aid) of $44,027 and a typical 4.11 years to graduate.

Amount
Average Yearly Cost $44,027
Average Years to Graduate 4.11
Estimated Avg Total Cost of Degree $180,951

Many Factors Affect Net Price

Consider the average MIT student takes 4.11 years to complete their degree. If you can complete your degree faster than that you will save money. This is just one way your MIT degree may cost less than average.

Does This School Make Financial Sense To You?

$116,477 In-State With Aid
$300,688 Avg Cost No Aid
4.11 Years to Graduate

Most students will not pay the full sticker price and few students fit perfectly into averages.

Look at the table below to get a sense of how MIT value for your educational dollar might vary.

Nationwide Value by Aid Group Avg Degree Cost Value Rank Value Grade
Students with no Aid $300,688 #564 B-
All Students $180,951 #399 B
Only Students Receiving Aid $116,477 #37 A+
In-State Value by Aid Group Avg Degree Cost Value Rank Value Grade
Students with no Aid $300,688 #17 B
All Students $180,951 #10 A-
Only Students Receiving Aid $116,477 #6 A

Note: the Value Grade for in-state students is calculated by looking only at other schools in the state of Massachusetts.

About 73% of MIT students receive financial aid. Get more details on what MIT financial aid you may qualify for.

How to Calculate Value

College Factual calculates value by calculating average MIT cost multiplied by time to graduate, and then compares that number to other schools of a similar quality ranking. If the school is priced fairly based on the educational quality it receives a fair ranking. If it is underpriced it receives a good or excellent value.

Read the full Best for the Money Ranking Methodology.

References

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