Massachusetts Institute of Technology: Tuition & Loans

Overall Rating:Overall Ranking - OustandingQuality:Education Quality Rating - OustandingSafety:Capmus Safety Rating - PoorCosts:Tuition & Fees Cost Rating - Bad

ReviewMajors / RatingsTuition / LoansFaculty / SalariesCampus CrimeAdmissions

Tuition and fees per year
$58,000
High
Average tuition cost at Massachusetts Institute of Technology is extremely high - $57,600 per academic year. The additional fees at Massachusetts Institute of Technology beyond tuition are approximately $400, which makes it a total of $58,000 per academic year.

If you are thinking about a cheaper option in Massachusetts, then see the Affordable Colleges in Massachusetts 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
2023-2024
002178
If you would like to file your FAFSA application for Federal Student Aid, the postsecondary institution 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 applicants. 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 $6,200.

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.

Alternatives to Massachusetts Institute of Technology

Northeastern UniversityNortheastern UniversityBoston, MA
Northeastern University Rating
Bachelor's, master's, and doctoral degrees. Outstanding retention rate. Tuition: $59k. Above average on-campus housing. Approximately 30,100 students. Very dangerous campus. Well known for computer science, engineering, and business programs. SAT 1470, ACT 34 to enroll.

Boston UniversityBoston UniversityBoston, MA
Boston University Rating
Bachelor's, master's, and doctoral degrees. Excellent student retention rate. Tuition: $61k. Above average on-campus housing. Approximately 36,800 students. Dangerous campus. Top offerings include management, medical, and biology programs. SAT 1400, ACT 33 to enroll.

University of Massachusetts AmherstUniversity of Massachusetts AmherstAmherst, MA
University of Massachusetts Amherst Rating
Associate's, bachelor's, master's, and doctoral degrees. Excellent retention rate. Tuition: $37k. Moderately priced on-campus housing option. About 32,300 students. Very dangerous campus. Emphasis on business, management, and medical programs. ACT 31 to enroll.

Southern New Hampshire UniversitySouthern New Hampshire UniversityManchester, NH
Southern New Hampshire University Rating
Associate's, bachelor's, master's, and doctoral degrees. Tuition: $15k. Moderately priced on-campus housing option. Approximately 164,100 students. Generally safe campus. Strong management, business, and psychology programs. ROTC programs are available. SAT 990 to enroll.

University of ConnecticutUniversity of ConnecticutStorrs, CT
University of Connecticut Rating
Associate's, bachelor's, master's, and doctoral degrees. Excellent student retention rate. Tuition: $38k. Moderately priced on-campus housing option. Around 27,100 students. Very dangerous campus. Concentration on engineering, accounting and finance, and biology programs. SAT 1300, ACT 31 to enroll.

Harvard UniversityHarvard UniversityCambridge, MA
Harvard University Rating
Associate's, bachelor's, master's, and doctoral degrees. Outstanding student retention rate. Tuition: $53k. Premium on-campus housing. Around 30,700 students. Very dangerous campus. Concentration on management, business, and education programs. SAT 1530, ACT 35 to enroll.

Boston CollegeBoston CollegeChestnut Hill, MA
Boston College Rating
Bachelor's, master's, and doctoral degrees. Outstanding student retention rate. Tuition: $63k. Above average on-campus housing option. About 15,300 students. Very dangerous campus. Concentration on accounting and finance, management, and economics programs. SAT 1460, ACT 34 to enroll.

Worcester Polytechnic InstituteWorcester Polytechnic InstituteWorcester, MA
Worcester Polytechnic Institute Rating
Bachelor's, master's, and doctoral degrees. Excellent student retention rate. Tuition: $56k. Above average on-campus housing option. About 7,400 students. Very dangerous campus. Focus on engineering, computer science, and biology programs.

Brown UniversityBrown UniversityProvidence, RI
Brown University Rating
Bachelor's, master's, and doctoral degrees. Outstanding student retention rate. Tuition: $63k. Above average on-campus housing. Over 11,200 students. Very dangerous campus. Known for medical, computer science, and biology programs. SAT 1530, ACT 35 to enroll.

University of Massachusetts LowellUniversity of Massachusetts LowellLowell, MA
University of Massachusetts Lowell Rating
Associate's, bachelor's, master's, and doctoral degrees. Tuition: $34k. Moderately priced on-campus housing. About 17,200 students. Dangerous campus. Popular management, business, and engineering programs. ROTC programs are available. ACT 28 to enroll.

Other Nearby Colleges



New England College of OptometryNew England College of OptometryBoston, MA
New England College of Optometry Rating
Bachelor's, master's, and doctoral degrees. About 600 students. Generally safe campus.

Boston Architectural CollegeBoston Architectural CollegeBoston, MA
Boston Architectural College Rating
Bachelor's and master's degrees. Tuition: $21k. On-campus housing. Over 800 students. Safe campus. Offers strong architecture program.

Berklee College of MusicBerklee College of MusicBoston, MA
Berklee College of Music Rating
Bachelor's and master's degrees. Tuition: $47k. On-campus housing option. About 8,300 students. Unsafe campus. Well known for their music, computer science, and management programs.

Fisher CollegeFisher CollegeBoston, MA
Fisher College Rating
Associate's, bachelor's, and master's degrees. Tuition: $33k. On-campus housing option. About 1,500 students. Relatively safe campus. Places a focus on management, business, and criminal justice programs. ROTC programs are offered. ACT 17 to enroll.

Bay State CollegeBay State CollegeBoston, MA
Bay State College Rating
Associate's and bachelor's degrees. Tuition: $29k. On-campus housing option. Over 300 students. Places a focus on nursing, management, and business programs.

The New England Conservatory of MusicThe New England Conservatory of MusicBoston, MA
The New England Conservatory of Music Rating
Bachelor's, master's, and doctoral degrees. Excellent retention rate. Tuition: $54k. Premium on-campus housing option. Over 800 students. Safe campus.

Northeastern University Professional ProgramsNortheastern University Professional ProgramsBoston, MA
Northeastern University Professional Programs Rating
Bachelor's, master's, and doctoral degrees. Tuition: $46k. On-campus housing. More than 8,300 students. Has strong management, computer science, and education programs.

Emmanuel CollegeEmmanuel CollegeBoston, MA
Emmanuel College Rating
Bachelor's and master's degrees. Tuition: $44k. On-campus housing option. Over 2,100 students. Unsafe campus. Strong biology, psychology, and management programs. ROTC programs are offered. SAT 1200, ACT 28 to enroll.

Simmons UniversitySimmons UniversityBoston, MA
Simmons University Rating
Bachelor's, master's, and doctoral degrees. Tuition: $43k. On-campus housing. Over 5,800 students. Unsafe campus. Specializes in nursing, social work, and library and museum programs. SAT 1260, ACT 30 to enroll.

Benjamin Franklin Cummings Institute of TechnologyBenjamin Franklin Cummings Institute of TechnologyBoston, MA
Benjamin Franklin Cummings Institute of Technology Rating
Associate's and bachelor's degrees. Tuition: $17k. Premium on-campus housing option. Approximately 600 students. Safe campus. Emphasis on automotive and mechanic, medical, and computer science programs.

New England Law BostonNew England Law BostonBoston, MA
New England Law Boston Rating
Doctoral degrees. About 1,100 students. Generally safe campus.

Emerson CollegeEmerson CollegeBoston, MA
Emerson College Rating
Bachelor's and master's degrees. Great student retention rate. Tuition: $52k. On-campus housing option. Approximately 5,900 students. Dangerous campus. Strong emphasis on film and acting, medical, and communication and journalism programs. SAT 1300, ACT 31 to enroll.

Wentworth Institute of TechnologyWentworth Institute of TechnologyBoston, MA
Wentworth Institute of Technology Rating
Associate's, bachelor's, and master's degrees. Tuition: $38k. Premium on-campus housing option. Roughly 4,000 students. Very dangerous campus. Offers strong engineering, construction, and computer science programs. ROTC programs are offered. SAT 1180, ACT 28 to enroll.

Massachusetts College of Art and DesignMassachusetts College of Art and DesignBoston, MA
Massachusetts College of Art and Design Rating
Bachelor's and master's degrees. Tuition: $27k. Above average on-campus housing option. Around 2,000 students. Generally safe campus. Strong art, graphic design and animation, and computer science programs. SAT 1080, ACT 24 to enroll.

Urban College of BostonUrban College of BostonBoston, MA
Urban College of Boston Rating
Associate's degrees. Tuition: $7k. Over 600 students. Generally safe campus. Offers strong education program.

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