Cost of attendance for the Class of 2027

The annual student budget is the total price of an MIT education—per student, per year.

The annual student budget, or cost of attendance, is the total amount we estimate it will cost a student to attend MIT for one year. For the 2023–2024 academic year, the cost of attendance is $82,730. ⁠It includes costs that are billed by MIT, such as tuition, housing, and food, and estimates for other expenses, such as books, supplies, and personal expenses.

We use this budget to determine financial aid for every student. However, you should know that most students pay far less with our need-based financial aid. The average annual price paid by a student who received financial aid was $19,599⁠ for the 2021–2022 academic year. We work with all financial aid applicants to make sure an MIT education is affordable for them.

Cost of attendance for the 2023–2024 academic year

Expense	Cost	Description
Tuition	$59,750	MIT subsidizes the total cost of attendance for every student. It actually costs more than double this amount to provide our cutting-edge research facilities and faculty! Tuition covers basic health insurance⁠01 <em>Please note that additional health coverage is still required</em> <em>for all students.</em> <strong><a href="https://medical.mit.edu/health-plans" target="_blank" rel="noopener">medical.mit.edu/health-plans</a></strong>   and will give you urgent care and mental health visits, and specialist care at no extra cost.
Student life fee	$406	This helps to support student clubs, organizations, and the sports and fitness center. It also covers your unlimited access to the gym and fitness classes.
Housing	$12,380	All first-year students are required to live on campus. While our residence halls and living groups vary in cost, we calculate financial aid based on the cost of the most expensive double room ($12,380). We’ll bill you in July for $6,190 (one semester of the most expensive double room), then adjust it based on your actual housing cost in September. Your financial aid allowance for housing will stay the same regardless of your actual expenses. Learn more at MIT Housing.
Food	$7,010	There are multiple dining plan options, including cooking for yourself, but for the purposes of determining out your financial aid eligibility, we budget $7,010 per year for meals. This covers the most expensive meal plan and this amount won’t change regardless of your actual expenses. Learn more at MIT Dining. Please note: We will not bill you if you choose the cook for yourself option. However, this amount won’t change regardless of the meal plan you choose.
Books, course materials, supplies & equipment	$880	This out-of-pocket expense can vary depending on the student, but we use this number to calculate your financial aid eligibility. We estimate $880 for these expenses regardless of how much you spend.
Personal expenses	$2,304	This out-of-pocket expense varies depending on the student, but we use this number to calculate your financial aid eligibility. This covers things like clothes, laundry, and other bills. We use this amount regardless of how much you spend.
Total	$82,730	Remember, this is the full price, before any aid.

Note: Depending upon where you live, your award may also include a travel allowance.

1. Please note that additional health coverage is still required for all students. medical.mit.edu/health-plans⁠ back to text ↑