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Please note:

read our guide

Check out our making MIT affordable guide for more information about financial aid, estimated costs, and additional sources of funding.

cost of attendance

The cost of attendance for the 2022–2023 academic year is $79,850. However, remember, 85% of students receive some type of financial aid.

budgeting worksheet

Use our budgeting tool to help map out how much you’ll need for a year at MIT.

facts and figures

Affordable education


The average need-based MIT Scholarship awarded to undergraduate students in 2020–2021.



Most students with a family income below this level (and typical assets) do not pay tuition.



The percentage of MIT undergraduates who graduate debt-free.

we are here to help


We are always available to talk through our financial aid process or answer any questions you may have.

We meet your full financial need for all four years of your undergraduate career.

Need based
Need based means that we award financial aid entirely based on your family's financial circumstances.
Full need
Full need means that we meet 100% of your family's demonstrated need through scholarships, grants, and student employment.