This worksheet is designed to help you determine how much money you will need to pay to MIT for one year and how much additional money you will need that doesn't get paid to us.

In order to use this tool, financial aid recipients will need their financial aid award information. Current students access it through the MIT Online Financial Aid System, and prospective freshmen through the MyMIT portal.

If a number is highlighted in red, it is above what we are budgeting. If green, it is below.

Currently most listed costs are for the 2017-2018 year. The health insurance rates are still the 2016-2017 figures and will be updated as soon as they are available.

Section 1 - Billed charges
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Please enter your off campus housing costs in section 3
$9420 is our budgeted figure, which is for the most expensive double room.
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Section 2 - Financial aid crediting to bill
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*TMS payment calculated based on starting payments in June (10 payments).There will be an $85 fee to make payments through TMS.
Section 3 - Money needed for living expenses
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Enter if living off campus
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$1000 is our budgeted figure
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We budget $1818 for personal expenses for the year. If you like you can expand the personal expenses calculator below to see if you may need more than that. If you calculate anything more than $1818, it will be used above.
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Section 4 - Personal resources
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Consider reducing your loan amounts if possible