What are Massachusetts Institute of Technology | MIT's Tuition and Fees?
What does it cost to attend Massachusetts Institute of Technology | MIT? Below we’ve mapped out the tuition, fees, and room and board that will help you understand how much you will pay for Massachusetts Institute of Technology | MIT. We’ve also included financial aid information to help you pay for college. If you’d like to get a personal estimated cost of attendance based on your situation, use our free cost calculator.
What does it cost to attend Massachusetts Institute of Technology | MIT?
Net Price Breakdown
The Net Price is the estimated cost after the average aid amount is applied to the total amount.
Published costs and averages can be misleading: they don’t fully account for your family’s finances (for financial aid) or your academic profile (for scholarships).
Want to see your personalized net cost after financial aid and scholarships?
Sticker Price Breakdown
The sticker price is the advertised price of the school. You may not have to pay the full sticker price if you get financial aid or scholarships.
What’s the final cost (net price)?
You and your family will have to pay the EFC plus any portion of the Financial Need that the college isn’t able to offer you.
Here is an example of the net price
Financial Aid for Massachusetts Institute of Technology | MIT
Financial Aid can come in four ways: Grants, Scholarships, Student Loans, and Work-Study.
Grants can be given out by the federal government, your state, or the college and are based on your financial need. Grants do not need to be repaid.
Scholarships are awarded based on your your financial need or academic achievements. They do not need to be repaid but you may have to reapply for them each year.
Student loans are sums of money given to students to help them pay for college now. The federal government or private banks can loan the money. You must pay it back later.
Work-study is when you work during the school year, typically an on-campus job. The money you make pays a part of the tuition. It’s a great opportunity, but it’s not free.Learn more about how it works and what types of jobs are available