by our College Data Analytics TeamCollege Factual’s Best for the Money Rankings compare the quality of a MIT degree with its cost to decide whether the school is asking a fair price. Here is how MIT measures up.
MIT is ranked #1,606 out of 3,211 schools for value nationwide, earning a value grade of D+. Within Massachusetts, it ranks #29 of 85 for value.
These MIT majors earned the highest value rankings from College Factual.
| Major | National Value Rank |
|---|---|
| Bachelor's Degree | #1 of 2 |
| Biology | #8 of 18 |
| Chemical & Biomolecular Engineering | #8 of 16 |
| Financial Mathematics | #9 of 32 |
| Mathematics & Computer Science | #9 of 16 |
| Cognitive Science | #18 of 37 |
| Psychology | #18 of 37 |
| General Materials Engineering | #29 of 43 |
| Materials Engineering | #29 of 43 |
| Engineering | #29 of 43 |
Read the full MIT value report below — how it ranks within its state, how it ranks nationwide, what a degree actually costs, and whether it makes financial sense.
Massachusetts Institute of Technology is ranked #1 out of #96 in Massachusetts for quality and #29 out of #85 for Massachusetts value.
Live in-state? You may qualify for a reduced price. Check the MIT financial aid page to be sure.
Massachusetts Institute of Technology is ranked #1,606 out of 3,211 for value nationwide.
Based on our analysis of other colleges at similar price points, Massachusetts Institute of Technology is overpriced for the quality of education it provides.
Averaged across all students — those who receive aid and those who pay full price — a year at MIT costs about $42,654. Over a standard four-year bachelor's program, that adds up to an estimated $170,615 for the degree.
| Amount | |
|---|---|
| Sticker Price (before aid) | $82,730 / year |
| Net Price (students receiving aid) | $20,111 / year |
| Average Cost (all students) | $42,654 / year |
| Estimated 4-Year Cost | $170,615 |
*The average cost weights the net price paid by aid recipients against the sticker price paid by everyone else. The 4-year figure assumes the standard bachelor's length; your actual time to graduate and price may differ.
There are many ways to lower the cost of a college education. Consider in-state tuition, transfer credits, or finishing your degree faster. Learn more about MIT net price and the factors that affect it.
What MIT costs you depends on how much aid you receive, so few students fit perfectly into averages.
Here is how the estimated 4-year cost of a MIT degree breaks down by aid group, against its national value ranking.
| Nationwide Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with No Aid | $330,920 | — | — |
| All Students | $170,615 | #1,606 | D+ |
| Only Students Receiving Aid | $80,444 | — | — |
| In-State Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with No Aid | $330,920 | — | — |
| All Students | $170,615 | #29 | C |
| Only Students Receiving Aid | $80,444 | — | — |
*College Factual publishes a single overall value ranking (the All Students row). The cost rows show what each aid group pays toward the same degree.
You can also see how the average net price at MIT shifts with family income:
| Family Income | Avg Net Price / Year |
|---|---|
| $48K–$75K | $4,621 |
| $75K–$110K | $13,696 |
| Over $110K | $46,627 |
About 64% of MIT undergraduates receive grant or scholarship aid, averaging $58,429 per year. Get more details on the MIT financial aid you may qualify for.
College Factual determines value by weighing a school’s average total cost against its educational quality, then comparing it to other schools in the same quality tier. See the MIT net price page for the cost detail.
Read the full Best for the Money Ranking Methodology.