Cost & affordability: How much it costs

We are committed to helping our students pay for their MIT education. We offer aid that meets 100% of your demonstrated financial need.

The big picture

The full price of an MIT education is $85,960 for the 2024–2025 academic year. However, most students pay far less than that. We offer full-need financial aid, which means we meet 100% of your demonstrated financial need for all four years of your undergraduate career.

The median annual price paid by an undergraduate who received an MIT Scholarship was $12,938⁠01 2023–2024 is the last year for which we have full data. in the 2023–2024 academic year. Meanwhile, 87% of MIT students from the Class of 2024 graduated debt-free. Those who do borrow tend to have debt at graduation lower than the national average—a median of $14,844—and all alumni benefit from the lifelong return on investment of an MIT education, including an average starting salary of $126,438 for graduates entering industry according to the most recent Graduating Student Survey.

For more detailed information regarding the cost of attendance, including specific costs for tuition and fees, books and supplies, housing and food as well as transportation, please visit the Student Financial Services website.

Tuition-free

Beginning with the 2025–2026 academic year, students whose family income is under $200,000 a year (with typical assets) attend MIT tuition-free.⁠ This means that you will receive an MIT Scholarship that covers at least the cost of MIT’s tuition. See the cost of attendance for the current rates.

$0 Parent contribution

Beginning with the 2025–2026 academic year, families whose total income is less than $100,000 (with typical assets) are not expected to contribute toward their student’s MIT education.

One of nine

We are one of only nine American universities that is need blind and full need,⁠02 Prospective students are not disadvantaged in the undergraduate admissions process because of their financial need. We are one of only nine schools in the U.S. that is need blind and meets full need for all students, foreign and domestic. which means no student is disadvantaged in the admissions process because of their financial need. We meet the full financial need of all admitted students who apply for aid, which means we offer financial aid based entirely upon your family’s demonstrated financial need—not any measure of merit.

The important thing we hope you understand is that money won’t get you into MIT, and money shouldn’t keep you out. Our goal is to admit and enroll the best students from around the world regardless of their financial circumstances, and make sure they can afford MIT while they’re here.

If you want to learn more about undergraduate financial aid, check out the SFS website.