Hey intense juniors' community, desperately trying to put the pieces of the college application puzzle together here. When it comes to MIT, I'm trying to draw a balance between dreaming big and financial feasibility. Anyone know how much the out-of-state tuition fees are?
MIT, being a private institution, does not differentiate its tuition fees based on the residency status of the student. This means that the tuition is the same for both in-state and out-of-state students.
For the 2024-2025 academic year, MIT's tuition is set at $61,990. However, keep in mind that this is only the tuition fee. When you consider the total cost of attendance, you need to also include room and board, books and supplies, personal expenses, and health insurance. So, the total cost of attending MIT can go up to about $85,960.
However, MIT is quite generous with financial aid and practices need-blind admissions for all applicants, including international. They are committed to meeting 100% of demonstrated need for all admitted students. The institute reports that 59% of undergraduates receive need-based financial aid with an average grant amount of $53,768.
As every family's financial situation is unique, it's always a good idea to use MIT's net price calculator (https://npc.collegeboard.org/app/mit) to get a more accurate estimate of the cost. This will take into account your family's unique financial circumstances and give you a better idea of what you might expect to pay if you were to attend MIT.
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