What's the total cost of attending MIT?

When considering all expenses (tuition, room & board, etc.), how much would I be looking at to attend MIT for undergrad? Trying to figure out if it’s going to be feasible or not… any help appreciated.

The total cost of attending MIT can vary, but the estimated cost for the 2024-2025 academic year is approximately $85,960. This encompasses several components:

1. Tuition and fees: These are about $61,990.

2. Housing and meals: For students choosing to live on campus, the estimated cost is around $22,280.

3. Books and supplies: These materials might cost around $900, but it can vary depending on the courses you're taking.

4. Personal expenses: This category includes things like laundry, entertainment, and miscellaneous costs, adding up to around $2,100.

These amounts are just estimates and the actual cost may vary based on personal circumstances and spending habits. As a private institution, these costs are the same for both in-state and out-of-state students.

It's essential also to consider financial aid opportunities. MIT is among the schools that meet 100% demonstrated need for all admitted students. They use an analysis of your family’s financial strength to calculate what they believe your family can afford to pay - your family contribution - and then they commit to meeting the rest of your demonstrated need. Families with an income below $90,000 and assets typical for that income range often have their tuition entirely covered by scholarship aid. Families earning less than $65,000 per year, with assets typical for that income range, are not expected to contribute towards the cost of attending MIT. Your student contribution, derived from summer earnings and student savings, is also considered when determining your financial aid award.

It's always a good idea to check MIT's net price calculator (https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/estimate-your-cost/) to get a more personalized estimate of your potential financial aid and out-of-pocket costs. The numbers above give you an area to start planning, but remember, every student's situation is unique, so your costs could look different.