Hey everyone, just trying to wrap my head around MIT's out-of-state tuition. I'm from California, considering applying to MIT but the financials are daunting. Can anyone share what current out-of-state tuition looks like?
MIT, like many private institutions, charges the same tuition regardless of whether you're an in-state student or out-of-state student. So you don't need to worry about facing different tuition based on your residency status.
As for the 2024-2025 academic year, the tuition cost at MIT is approximately $61,990 annually, but the overall cost of attendance, which includes room, board, and other expenses, can push this up to around $85,960.
However, it's important to note that MIT has a robust financial aid program. The school is committed to ensuring that its education is affordable for all admitted students. For families making less than $90,000 a year, the tuition is often completely covered. Even above that income range, the financial aid can be quite substantial. You should definitely consider using MIT’s own net price calculator to get a better idea of what financial aid you might be eligible for - it considers factors like your family's income, assets, and number of children in college.
Remember, the sticker price you see isn’t typically what students pay after financial aid is accounted for, so don't let the initial cost deter you from applying. Good luck!
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