Affording your MIT education for the Class of 2028

We work to make MIT affordable for every family.

We understand that an MIT education is an investment that you and your family need to consider carefully. We know how important this decision is, and want you to know that we are here to help. We've compiled some resources below to help you get a sense of how much you will need for a year at MIT. Affording an MIT education may be easier than you think!

guide for admitted students and families

Take a few minutes to look through our guide for admitted students. We’ve included most of the things that students and families should know about financial aid, estimated costs, and additional sources of funding. It’s a great place to get started!

Making MIT Affordable Guide →

cost of attendance

The cost of attendance for the 2024–2025 academic year is $85,960. We’ll meet 100% of your demonstrated need for all four years of your undergraduate career. If the cost of attendance goes up, so will your MIT Scholarship.

If you haven’t applied for financial aid yet, we encourage you to do so. You may be surprised by how we can help.

View the breakdown →

budgeting worksheet

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

You can break things down by year or semester, and save your budget to manage your expenses as you go.

Build your budget →

Watch online financial aid session

We hosted an online financial aid session on March 27 that shared details about how financial aid and billing works at MIT, our outside scholarship policy, and general information about student employment.

If you missed it, you can watch the recorded session by clicking the link below.

Watch the recorded session →

facts and figures

Affordable education

$63,729

The median need-based MIT Scholarship awarded to undergraduate students in 2022–2023.

Tuition-free

<$140,000

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

Debt-free

86%

The percentage of MIT undergraduates who graduated from MIT debt-free in 2023.

we are here to help

Questions?

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

Contact us →

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.