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.
This makes it a great quality for a good price in the state.
Live in-state? You may qualify for a reduced price. Check the MIT financial aid page to be sure.
Above Average Value Nationwide
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.
Prices of Institutions with Similar Quality Scores
|School||Total Price||Value Grade|
|Massachusetts Institute of Technology||$180,951||B|
|California Institute of Technology||$214,065||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.
|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?
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-|
|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|
|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.
College Factual's Best for the Money Ranking Methodology.