Most prospective undergraduates can get an estimate of their financial aid with one of two useful tools.
Please note: We are currently updating these calculators to account for MIT’s new financial aid policies announced November 20, 2024.
MyinTuition Quick College Cost Estimator
The Quick College Cost Estimator provides a quick estimate based on six questions. For a more in-depth review and to determine Pell eligibility you will need to use the Net Price Calculator.
Net Price Calculator
The Net Price Calculator will give you an in-depth estimate as to what your financial aid may look like. It will take roughly 20 minutes to complete. You will need to answer some basic questions about your parents’ financial situation so it might be helpful to have recent tax forms or pay stubs on hand before you begin.
Please note
Both tools are designed for first-time, full-time students. They will not be accurate for international students or federally independent students.
Results may be less accurate for families who are divorced or separated, and families who have ownership in a business. Special circumstances are considered on a case-by-case basis once you apply for financial aid.
Other financial aid tools, resources, and calculators can be found on the College Board’s Big Future website.