Massachusetts Institute of Technology
Cambridge, MAPrivate nonprofitRank 314 of 1,732Traditional rank 218 of 1,156
Freshman grant vs later years
Average grant per recipient, IPEDS SFA 2022-23.
Averages across all recipients, not a prediction for one student. Continuing students include transfers and part-time students. Data is about two years old. How this is calculated.
Average net price by family income (2022-23)
| Family income | Avg net price |
|---|---|
| $0–30k | −$4,129 |
| $30–48k | −$2,483 |
| $48–75k | $4,621 |
| $75–110k | $13,696 |
| $110k+ | $46,627 |
First-time, full-time students receiving Title IV aid. Source: IPEDS SFA 2022-23.
Published cost (IPEDS)
| Tuition and fees (in-state), 2022-23 | $57,986 |
| Tuition and fees (in-state), 2023-24 | $60,156 |
| Change | $2,170 (+3.7%) |
| On-campus room and board, 2023-24 | $19,390 |
Source: IPEDS Institutional Characteristics, academic years 2022-23 and 2023-24.
Tuition and fees trend
Published tuition and required fees, +16.1% from first to last year shown. Source: IPEDS Institutional Characteristics 2021-22 and 2023-24 files.
Average net price trend
Average net price for first-time, full-time students receiving grant aid. Source: IPEDS SFA 2022-23.
Outcomes and aid profile
| Bachelor's graduation rate within 6 years | 96% |
| Full-time freshman retention (return for year 2) | 99% |
| Freshmen receiving Pell Grants | 18% |
| Freshmen taking federal loans | 7% |
| Average federal loan (freshmen who borrow) | $5,206 |
| Aid drop one year earlier (2021-22) | $1,526 |
Sources: IPEDS Graduation Rates 2023 (DRVGR), Fall Enrollment 2023 (retention), SFA 2022-23 and 2021-22. "Freshmen" = first-time, full-time undergraduates.
Compare with other colleges Compare with the two most similar
More: all MA colleges · how aid changes after year one · lowest net price for low-income families · 2026-27 state cost reports
Similar colleges
| College | Freshman grant | Drop |
|---|---|---|
| Wellesley College | $61,549 | $3,733 |
| Boston University | $55,080 | $4,832 |
| Smith College | $54,311 | $1,123 |
| Williams College | $64,176 | $1,272 |
| Harvard University | $64,942 | $11,456 |
Same state and control, closest average freshman grant. All colleges in this state.
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