Massachusetts Institute of Technology
Cambridge, MA 02139-4301
About Massachusetts Institute of Technology
Massachusetts Institute of Technology (MIT) is a highly selective private research university in Cambridge, Massachusetts, serving roughly 4,535 students. Admission is highly selective for first-time degree-seeking undergraduates reporting admissions data to the Education Department. The acceptance rate is about 4.55% in the latest College Scorecard admissions data. Median earnings about ten years after entry reach about $143,372 among students who received federal aid.
Key findings
- Massachusetts Institute of Technology charges about 2.1× the national private non-profit median tuition ($62,396).
- Versus the Massachusetts median, sticker tuition is about 1.8×.
- Massachusetts Institute of Technology admits about 4.55% of applicants (extremely selective).
- Completion within 150% of normal time is 96.41%.
- Median earnings 10 years after entry are $143,372.
Research findings
Finding
Average net price at Massachusetts Institute of Technology is about 68% below published tuition.
Published tuition is $62,396; average net price is $20,111 in the latest Scorecard extract.
Interpretation: Institutional aid and grants compress sticker price into a substantially lower typical undergraduate cost signal.
Limitation: Average net price masks variation by household income; income-band net prices can diverge sharply from the campus average.
Finding
Modeled return on investment at Massachusetts Institute of Technology is strong.
Estimated ROI reaches about 1682% using Scorecard cost and 10-year earnings fields in this extract.
Interpretation: On this institution-wide model, typical graduate earnings over a decade substantially exceed estimated net education cost.
Limitation: ROI is institution-wide and not program-specific; individual outcomes vary by major, aid package, and labor market.
Finding
Massachusetts Institute of Technology awards credentials across a wide program mix.
IPEDS completions cover more than 54 distinct degree programs at this campus.
Interpretation: Institutional averages blend very different fields; program-level completions and earnings matter more than the campus mean alone.
Limitation: Completions counts are not enrollment demand and do not measure program quality.
Cost benchmarks
| Benchmark | Median Tuition | Median Net Price | Count |
|---|---|---|---|
| Massachusetts Institute of Technology | $62,396 | $20,111 | 1 |
| Private Non-profit (national median) | $29,325 | — | 1,444 |
| Massachusetts (state median) | $34,256 | $12,244 | 93 |
| Suburban (locale median) | $13,135 | $18,048 | 684 |
| United States (national median) | $11,900 | $17,156 | — |
Compares this campus to school-type, state, and locale medians plus a U.S. national median (College Scorecard–derived). Locale groups campuses by NCES locale type; state tuition is the median published tuition among campuses in that state.
Average net price is 68% below published tuition at Massachusetts Institute of Technology
Key findings
- Massachusetts Institute of Technology's average net price ($20,111) is 68% below published tuition ($62,396).
- Massachusetts Institute of Technology charges about 2.1× the national private non-profit median tuition ($62,396).
- Versus the Massachusetts median, sticker tuition is about 1.8×.
Massachusetts Institute of Technology tuition
Published undergraduate tuition $62,396
Finding Massachusetts Institute of Technology charges about 2.1× the national private non-profit median tuition.
Evidence Published tuition is $62,396. That is about 2.1× the national private non-profit median ($29,325). Versus the Massachusetts median ($34,256), sticker tuition is about 1.8×. Versus the U.S. median ($11,900), sticker is about 5.2×.
Method Sticker tuition compared with Scorecard-derived medians by ownership, state, locale, and national rollups when available.
Interpretation Published tuition measures sticker price relative to private non-profit and geographic peers; it does not equal what undergraduates typically pay after aid.
Limitation Sticker comparisons omit room, board, and institutional aid; average net price and income-band net prices are the stronger signals of typical family cost.
Evidence: published tuition at Massachusetts Institute of Technology versus school-type, state, locale, and U.S. medians.
Evidence: average net price at Massachusetts Institute of Technology versus state, locale, and U.S. medians.
What undergraduates typically pay
Finding Average net price at Massachusetts Institute of Technology is $20,111.
Evidence College Scorecard average net price is $20,111 (cost of attendance minus average grant aid for aided undergraduates). That is about $7,867 above the Massachusetts median net price. Versus suburban campuses, net price runs $2,063 above the locale median.
Method Average net price from College Scorecard; compared with state, locale, and U.S. medians from EDsmart aggregates.
Interpretation Average net price is a stronger institutional cost signal than published tuition because it incorporates grant aid.
Limitation The campus average masks large differences by household income; income-band net prices can diverge sharply from the overall average.
Key takeaway Massachusetts Institute of Technology’s published tuition substantially overstates typical undergraduate cost: average net price is about 68% lower after grants and scholarships.
Massachusetts Institute of Technology: research record
Canonical EDsmart Data findings for Massachusetts Institute of Technology—costs, outcomes, admissions, and programs—with evidence and methodology notes.
Research findings
Interpretation
Completion, earnings, and net price together describe a campus where sticker price overstates typical undergraduate cost while outcomes remain at the high end of Scorecard distributions.
Financial profile
Annual tuition
$62,396
Avg. net price
$20,111
Net price by family income
| Income bracket | Avg. annual net price |
|---|---|
| $0–$30,000 | −$2,533 |
| $30,001–$48,000 | $93 |
| $48,001–$75,000 | $1,480 |
| $75,001–$110,000 | $11,555 |
| $110,001+ | $48,479 |
Sticker tuition × four years (estimate, no room/board): $249,584. See cost investigation.
Student outcomes
Share of first-year students returning the following fall.
Graduation rate and 10-year earnings are in the hero strip above; see Graduates for more.
What Massachusetts Institute of Technology is known for
Top program completions
- Management Science733
- Computer Science688
- Mechanical Engineering284
- Electrical and Electronics Engineering230
- Systems Engineering204
See earnings & programs for more.
Admissions landscape
- Extremely selective — fewer than 1 in 10 applicants are admitted.
- Yield: 86% of admitted students enrolled.
- Average SAT: 1560
See Admissions for the full funnel.
Is Massachusetts Institute of Technology a good school?
Data-framed fit—not a prestige rating.
Massachusetts Institute of Technology is a good school for those looking for strong completion and solid mid-career earnings—especially where average net price sits well below published tuition (about 68% lower in this extract).
EDsmart Data does not assign an opinion score; this framing summarizes the strongest Scorecard signals for this campus.
More from the data
Location, control, enrollment, and aid context for Massachusetts Institute of Technology.
Campus
Location
Cambridge, MA
City / state
- ZIP
- 02139-4301
- NCES locale
- Suburb
Compared with Suburban campuses nationally, net price is 11% above the median for Suburban campuses ($18,048 median).
Control
Institution type
Private Non-profit
Control
- Region
- New England
- Carnegie
- Doctoral Universities: Very High Research Activity
Size
Enrollment
4,535
Total enrollment
- Undergraduate
- 4,747
- Graduate
- 7,351
- Full-time share
- 99%
Student aid
Debt & aid
$14,768
Median federal loan debt
- Pell grant share
- 19.32%
Total Cost, Aid & Default
Total Cost of Attendance
Tuition vs average net price after aid for Massachusetts Institute of Technology.
Financial Aid by Income Level
Financial aid distribution by income level.
Student Loan Default Rate
The published 3-year cohort default rate for borrowers at Massachusetts Institute of Technology was 0.00%.
Cohort default rates account for borrowers who default in the first three years.
Tuition tracker
Published tuition and average net price by reporting year come from the College Scorecard institution file. Values are not adjusted for inflation; missing cells mean the field was not reported or was suppressed for Massachusetts Institute of Technology in that year.
Reporting years in the table below: 2013–2023 (Scorecard labels refer to the institutional submission cycle).
| Year | In-state tuition & fees | Out-of-state tuition & fees | Average net price |
|---|---|---|---|
| 2013 | $43,498 | $43,498 | $21,816 |
| 2014 | $45,016 | $45,016 | $23,547 |
| 2015 | $46,704 | $46,704 | $22,968 |
| 2016 | $48,452 | $48,452 | $22,549 |
| 2017 | $49,892 | $49,892 | $20,771 |
| 2018 | $51,832 | $51,832 | $18,278 |
| 2019 | $53,790 | $53,790 | $16,636 |
| 2020 | $53,450 | $53,450 | $16,407 |
| 2021 | $55,878 | $55,878 | $5,084 |
| 2022 | $57,986 | $57,986 | $20,338 |
| 2023 | $60,156 | $60,156 | $19,813 |
Sticker tuition and net price over time
Where the institution reported separate in-state and out-of-state tuition, both appear. Gaps mean the value was not reported for that year.
College Scorecard reporting-year fields (not inflation-adjusted).
Net price by family income
Brackets follow Scorecard definitions for the series shown (public vs private institution).
Latest income-band net prices available in the processed extract.
How difficult is it to get in?
Acceptance Rate
This institution is extremely selective, accepting fewer than 1 in 10 applicants.
Applicants → admits → first-time enrollment from College Scorecard / IPEDS. Bar widths are scaled for readability at highly selective schools.
Test Scores
Average 1560 (middle 50% not reported)
Scores for enrollees who submitted tests (College Scorecard).
Academic Requirements
Estimated from admission selectivity and test scores. Scorecard does not publish admitted-student GPA for most institutions.
Estimated range · median 4.00
Estimated GPA band from selectivity and test scores — not an official requirement.
Enrollment & Student Demographics
Massachusetts Institute of Technology reported total enrollment of about 4,535 students in the latest College Scorecard extract. The student body is about 52% male and 48% female. Enrollment by race and ethnicity includes Asian (35.2%), White (21.3%), and Hispanic or Latino (14.1%). About 19.32% of undergraduates receive Pell Grants. Roughly 25.9% of students are first-generation college students.
Full-Time vs Part-Time Enrollment
99.0% Full-Time Enrollment
The total enrollment at Massachusetts Institute of Technology in 2024 is 4,535 students.
Undergraduate enrollment is about 4,747 students. Graduate enrollment is about 7,351 students.
Full-time vs part-time enrollment comparison.
Retention Rate over Time
99.1%
2024 Retention Rate
Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall.
Retention rate over time compared to similar institutions.
Enrollment by Race & Ethnicity
Largest share of total enrollment in our College Scorecard extract.
College Scorecard student demographics (total enrollment shares).
Do students complete their programs?
Time to Complete
82.75% 100% Completion Time
96.41% 150% Completion Time
In 2024, 82.75% of students graduating from Massachusetts Institute of Technology completed their program within 100% "normal time".
Completion rates over time compared to similar institutions.
Completions by Sex (Top Programs)
- Management Science: 59% male / 41% female
- Computer Science: 64% male / 36% female
- Mechanical Engineering: 62% male / 38% female
IPEDS completions by sex for the five largest programs (aggregate CIPs excluded).
Completions by Race & Ethnicity
Largest group by summed IPEDS award counts across reported programs.
Summed across program completion records in our extract.
Massachusetts Institute of Technology graduates earn a median of $143,372 ten years after entry
Finding Earnings, debt, and program mix define the financial profile of Massachusetts Institute of Technology.
Evidence Median earnings 10 years after entry: $143,372. Median federal loan debt: $14,768. Average net price used in cost models: $20,111.
Method College Scorecard median earnings (10-year), median debt, and EDsmart ROI / payback models using campus net price.
Interpretation Institution-wide ROI and debt ratios summarize campus averages; program choice still drives individual outcomes.
Limitation Salary reflects median earnings ten years after entry; ROI is not program-specific.
Key takeaway Massachusetts Institute of Technology graduates report median earnings of $143,372 ten years after entry—an institution-wide outcomes signal, not a program guarantee.
Return on Investment
Debt and 4-year net cost vs. cumulative 10-year median earnings for Massachusetts Institute of Technology.
Top Programs by Completions
Largest 10 programs by IPEDS completions (54 reported codes; aggregate/unknown CIP buckets excluded).
IPEDS award counts for the largest programs at Massachusetts Institute of Technology.
Employment Outcomes
Median earnings 6, 8, and 10 years after entry for Massachusetts Institute of Technology graduates.
How financially powerful is this institution?
Finding: federal finance and Scorecard instructional fields for Massachusetts Institute of Technology—endowment assets (fiscal year 2023), instructional staffing and expenditure. Compared with state, regional, and U.S. medians from EDsmart Data institutional financials.
Institutional endowment
$23.45B
End-of-year assets · Fiscal year 2023
- Massachusetts median 378× the median ($62.1M)
- New England median 546× the median ($42.9M)
- U.S. median 888× the median ($26.4M)
- Massachusetts median 67× the median ($30,011)
- New England median 86× the median ($23,268)
- U.S. median 166× the median ($12,100)
Instructional Resources
- Full-time faculty share: 99.0%
- Massachusetts median 47.9 pp above median (51.1%)
- New England median 45.7 pp above median (53.3%)
- U.S. median 41.0 pp above median (58.0%)
- Average faculty salary (monthly): $24,177
- Massachusetts median 2.5× the median ($9,649)
- New England median 2.6× the median ($9,262)
- U.S. median 3.2× the median ($7,615)
- Instructional expenditure per FTE: $99,057
- Massachusetts median 8.9× the median ($11,192)
- New England median 9.7× the median ($10,182)
- U.S. median 14× the median ($7,288)
Instructional metrics from College Scorecard. Peer medians are campus-level; see the institutional financials deep dive. Detailed non-instructional staff counts are not included here.
Massachusetts Institute of Technology at a glance
Massachusetts Institute of Technology
Massachusetts Institute of Technology is a private non-profit institution in Cambridge, MA, classified as Doctoral Universities: Very High Research Activity.
- Largest programs (IPEDS awards)
- Management ScienceComputer ScienceMechanical Engineering
- Largest enrollment groups
- Asian35.2%White or Caucasian21.3%Hispanic or Latino14.1%
Schools near Massachusetts Institute of Technology
Other campuses in Cambridge, MA when available, plus nearby institutions in Massachusetts.
Similar schools
Peers matched by the same EDsmart outcomes grade (Grade A) within Massachusetts, then by similar ownership and admissions.
Frequently Asked Questions
Where is MIT located?
Massachusetts Institute of Technology is located in Cambridge, MA. The institution is also known as MIT.
What is MIT's acceptance rate?
The acceptance rate at Massachusetts Institute of Technology (MIT) is 4.5% among first-time degree-seeking students reporting admissions data. IPEDS reports 26,904 applicants and 1,274 admits in the latest admissions cycle in our extract.
What is MIT's tuition?
Massachusetts Institute of Technology tuition (published undergraduate sticker price) is $62,396 in the latest College Scorecard data. Average net price after grant aid is $20,111 for undergraduates receiving Title IV aid.
How much does MIT cost?
Reported tuition is $62,396 and average net price is $20,111 in the latest College Scorecard data. On-campus room and board is estimated at $20,280 annually.
Why is MIT's net price so much lower than tuition?
At Massachusetts Institute of Technology, published tuition is $62,396 while average net price is $20,111—about 68% lower. Average net price subtracts grant and scholarship aid from cost of attendance for undergraduates receiving Title IV aid (College Scorecard). Institutional aid therefore compresses sticker price into a lower typical undergraduate cost signal. The campus average still masks large differences by household income; income-band net prices can diverge sharply from the overall average. EDsmart Data treats the sticker–net gap as an analytical finding, not advice about individual aid offers.
What explains MIT's return on investment in EDsmart Data?
EDsmart Data models ROI using campus average net price ($20,111), completion (96.4% within 150% of normal time where reported), and median earnings ten years after entry ($143,372). High completion and strong mid-career earnings relative to net cost raise modeled ROI; the estimate is institution-wide and not program-specific. Debt-to-earnings ratios, when available, further contextualize borrowing pressure. Limitations include suppressed fields, program mix, and labor-market variation over time.
Why is MIT's acceptance rate so low?
The acceptance rate at Massachusetts Institute of Technology (MIT) is 4.5% among first-time degree-seeking applicants reporting admissions data. Very low rates usually reflect extraordinary applicant volume relative to class size—not a single test-score cutoff. When IPEDS reports applicants and admits, those counts show how selective the funnel is. Acceptance rate describes competition for seats; it does not measure outcomes for enrolled students. Yield (share of admits who enroll) further clarifies demand among those offered admission when available.
What is the student body demographics at MIT?
Massachusetts Institute of Technology reports undergraduate enrollment of about 4,747 students, Asian (35.2%), White (21.3%) in federal College Scorecard data.
How many first-generation students attend MIT?
About 25.9% of students at Massachusetts Institute of Technology are first-generation college students.
What test scores do students need for Massachusetts Institute of Technology?
Among enrolled students who submitted scores, Massachusetts Institute of Technology reports midpoint SAT about 1560.
What do graduates of Massachusetts Institute of Technology earn?
Median earnings are $131,633 six years after entry and $143,372 ten years after entry.
What is the graduation rate at Massachusetts Institute of Technology?
The 150%-time completion rate is 96.4% for the cohort reported to the College Scorecard.
Data Sources
This page uses data from the following sources:
- College Scorecard - U.S. Department of Education
- Institutional characteristics, costs, completion rates, and earnings data
- Data years: 2015-2024
- Source: collegescorecard.ed.gov
- Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS)
- Employment and wage data by occupation
- Latest data: May 2024
- Source: bls.gov/oes
- O*NET Online - U.S. Department of Labor
- Occupational skills, knowledge, abilities, and work activities
- Database version: 28.0 (August 2023)
- Source: onetcenter.org
- IPEDS (Integrated Postsecondary Education Data System) - National Center for Education Statistics
- Institutional data, completions, enrollment, and financial aid
- Data years: 2015-2024
- Source: nces.ed.gov/ipeds
- Census Bureau American Community Survey (ACS)
- Demographic and workforce data
- Latest data: 2023 ACS 5-Year Estimates
- Source: census.gov/acs
- Related geography & profiles
Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.
Last Updated: Data reflects the most recent available information as of January 2025.
Methodology & Data Scope
This profile uses institution-level fields from the U.S. Department of Education College Scorecard, merged with IPEDS directory attributes where needed for locale, ownership, and program completions.
Benchmark rows compare this campus to NCES locale-type medians (for example Suburban) from our processed location extract. Implied U.S. medians are derived from locale-vs-national percentage fields in that extract—not a separate national Scorecard table.