Hey folks, currently a junior working on my college list. MIT is a dream school for me, but I'm trying to be realistic about costs. Anyone know what the total cost to attend MIT might be, considering tuition, housing, food, and other fees? Thanks for your help!
For the 2024-2025 academic year, here is a rough breakdown of costs for attending MIT:
1. Tuition: $61,990
2. Fees: $406
3. Housing and Dining: $20,280
4. Books and supplies: $910
5. Personal expenses (including travel): $2,374
Add these all together, and the total estimated annual cost comes to roughly $85,960. Do note these are estimated costs and can vary based on personal lifestyle, travel habits, the choice of meal plan, etc.
MIT offers need-based financial aid, and there is no merit or athletic aid. You can use the net price calculator available on the MIT website to get an estimate of your specific costs after financial aid.
Keep in mind, MIT is committed to ensuring that all admitted students can afford to attend, regardless of their financial circumstances. As per their policies, families with annual income below $140,000 and typical assets are expected to contribute zero towards tuition.
I encourage you to continue considering MIT as one of your choices, especially if you have financial need, as the university is renowned for its generous financial aid policies. Remember that the sticker price may not be the actual price you'll pay if you qualify for financial aid.
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