Hey everyone! So, I'm really interested in MIT, but I would like to know more about the cost of living there. Can anyone give me an estimate of how much I would have to spend on things like housing, meal plans, and other basic expenses? Thanks!
Hey! I can give you a general idea of the cost of living at MIT, but do keep in mind that personal spending habits can play a significant role in the overall expenses.
1. Housing: On-campus housing is required for all undergraduates during their first year. The cost of on-campus housing ranges from around $5,325 to $7,315 per semester depending on location and housing type.
2. Meal Plans: MIT offers several meal plan options for students. The cost of a meal plans ranges from $1,075.20 to $3,504.75 depending on the meal plan.
3. Books and Supplies: The estimated cost for books and supplies at MIT is about $910 per year, but this can vary significantly based on your major and the classes you take. Buying used books, borrowing from the library, or sharing with friends can help reduce this cost.
4. Personal Expenses: Personal expenses can vary widely as they largely depend on your lifestyle and spending habits. However, an estimate for personal expenses, including things like laundry, toiletries, and entertainment, would be around $2,000 to $3,000 per year.
5. Transportation: The cost of transportation will depend on how often you need to travel off-campus or plan to visit home. Boston has a good public transportation system, and MIT provides a free shuttle service around campus. If you need a monthly T-pass (public transportation pass), that would cost around $90 per month.
Overall, the basic cost of living at MIT, excluding tuition and fees, can range from approximately $15,000 to $20,000 per year. Remember that everyone's financial situation is different, so it's essential to budget accordingly and look for opportunities to save money where possible. In addition, don't forget to look into financial aid opportunities through MIT to help cover these living expenses.
Good luck!
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