Massachusetts Institute of Technology: Tuition & Loans

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Tuition and fees per year
$53,900
High
Average tuition costs at Massachusetts Institute of Technology are extremely high - about $53,500 per year. The additional fees at Massachusetts Institute of Technology (not included in tuition costs) are around $400; which comes to a total of $53,900 per year.

If you are thinking about a cheaper option, try the Affordable Colleges ranking. The chart below shows Massachusetts Institute of Technology tuition costs and additional fees compared to the competing and nearby colleges:

Anunual Tuition and Fees in Massachusetts Institute of Technology and Competing Colleges

Massachusetts Institute of Technology Tuition Comparison Chart

Books and Supplies

The average cost of books and additional supplies required to study at Massachusetts Institute of Technology is $850 a year; this is a good bargain if compared to other colleges in Massachusetts.

FAFSA Application

FAFSA Code
2021-2022
002178
If you plan to file your FAFSA application for Federal Student Aid, the college code for Massachusetts Institute of Technology is 002178. Please verify this code before using it with your FAFSA application.

Federal Student Aid is an office of the US Department of Education, which provides grants and loans to eligible students and families. To meet minimum eligibility requirements you will need to have a valid Social Security number and high school diploma or GED certificate.

Repaying Your School Loans

Repayment
Failure Rate
0%
Low
The government reported that the median federal student loan amount for Massachusetts Institute of Technology is approximately $5,900.

At the same time, 0.3% of the recent Massachusetts Institute of Technology graduates have failed to maintain their federal student loan repayments. This rate of loan repayment defaults (0.3%) is ideal and might lead to a conclusion that Massachusetts Institute of Technology graduates have outstanding career perspectives.

Learn More About Massachusetts Institute of Technology

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