MIT Tuition Fee, Grants, and Scholarships
The MIT tuition fee for a year is $59,750. The tuition fee is different from additional costs and other expenses, and the total cost of attending MIT must consider these expenses as well.
In addition to tuition, students are also required to pay additional fees such as a student life fee of $406, housing costs of $12,380, food costs of $7,010, and additional costs for books, course materials, supplies & equipment, and personal expenses.
With all these expenses included, the total cost of attending MIT is $82,730. However, for students receiving financial aid, the average annual price paid was $19,599 for the 2021–2022 academic year, making an MIT education more accessible.
All You Should Know About MIT Scholarships
About 58% of MIT undergraduates receive MIT Scholarships with an average amount of $53,997 for the 2021–2022 year. Any student who applies for financial aid and fills out the CSS Profile is automatically considered for an MIT Scholarship.
Once awarded an MIT Scholarship, recipients are required to fill out an annual Student Information Review Form to ensure the right scholarship from the right donor is matched with the recipient. Scholarship donors often take an interest in learning about the recipients and may request a thank you letter from the recipient.
First Year Grant
The Institute provides low-income first-year students with a grant to help with the extra expenses that come with the transition to college. This includes sheets and towels for your room, or a warm coat to make it through a Boston winter. The First Year Grant is for first-year students only.
Outside scholarships and grants
It is possible to apply for private scholarships, but it is important to know that it is not recommended to pay for a scholarship search service. Additionally, any outside scholarship will be considered as an available resource towards the cost of attendance, potentially reducing other forms of financial aid.
Lastly, it is advisable to reach out to groups or organizations that you have been involved with to inquire about private scholarships they may offer.
FAQs
What is the tuition fee at MIT?
The undergraduate tuition fee at the Massachusetts Institute of Technology (MIT) is approximately $60,000 per year, excluding housing, meals, books, and personal expenses. When all costs are combined, the total annual cost of attendance can reach around $80,000. However, most students do not pay the full amount due to the financial aid programs available.
Does MIT offer financial aid or grants to students?
Yes, MIT provides need-based financial aid and grants to ensure affordability for all admitted students. The institution has a strong commitment to meeting 100% of demonstrated financial need, which means the amount a student pays depends on their family’s financial circumstances. Grants from MIT do not need to be repaid.
Are scholarships available for MIT students?
MIT does not offer merit-based scholarships; all financial aid is strictly need-based. However, students may receive outside scholarships from private organizations, community groups, or corporate sponsors. These external scholarships are applied toward the student’s financial aid package to reduce the family’s contribution.
How many students at MIT receive financial aid?
About 60% of MIT undergraduates receive some form of financial aid, and many pay significantly less than the full tuition fee. For families earning under a certain threshold, MIT often covers tuition completely, making the institution accessible to talented students regardless of their financial background.
