Massachusetts Institute of Technology
Massachusetts Institute of Technology is a private non-profit institution located in Cambridge, MA, offering 54 distinct degree programs across various fields of study. The institution maintains a strong graduation rate of 96.08%, demonstrating a commitment to student success and completion. Financial aid significantly reduces the cost of attendance, with the average net price after aid at $19,813.
Key Facts
- 2024 Undergraduate Tuition: $60,156
- 2024 Average Net Price: $19,813 After Financial Aid
- 2024 Acceptance Rate: 4.74% Highly Selective
- 2024 Enrolled Students: 4,571 N/A% Full-Time
- 2024 Graduation Rate: 96.08%
- Average SAT Score: 1553
Costs
Tuition Costs
$60,156
2024 Undergraduate Tuition
In 2024, the cost of tuition at Massachusetts Institute of Technology was $60,156.
Tuition comparison with similar institutions.
Average Net Price
$19,813
2024 Value
In 2024 Massachusetts Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $19,813.
Average net price comparison with similar institutions.
Total Cost of Attendance
$79,252 Estimated 4-Year Total Cost
$19,813 Average Annual Net Price (after aid)
$240,624 4-Year Tuition
Costs include tuition and fees. Room & board, books, and other expenses are additional.
4-year total cost breakdown for Massachusetts Institute of Technology.
Financial Aid by Income Level
18.96% Undergraduates Receiving Financial Aid through Grants
6.57% Undergraduates Receiving Financial Aid through Loans
Financial aid distribution by income level.
Student Loan Default Rate
Not reported
3-year cohort default rate (College Scorecard)
The published 3-year cohort default rate for borrowers at Massachusetts Institute of Technology was not reported in the College Scorecard extract for this institution.
Cohort default rates account for borrowers who default in the first three years.
Admissions
Acceptance Rate
4.74% Acceptance Rate
This institution is extremely selective, accepting fewer than 1 in 10 applicants.
Acceptance rate compared to national average.
Test Scores
SAT Average: 1553
Average SAT and ACT scores for admitted students.
Academic Requirements
Estimated GPA Range: 3.9 - 4.0
Estimated Median GPA: 4.00
Note: GPA requirements are estimated based on admission selectivity and test scores. Actual requirements may vary.
Estimated GPA and test score ranges.
Enrollment
Full-Time vs Part-Time Enrollment
N/A% Full-Time Enrollment
The total enrollment at Massachusetts Institute of Technology in 2024 is 4,571 students.
Full-time vs part-time enrollment comparison.
Retention Rate over Time
N/A%
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.
Graduates & Outcomes
Time to Complete
82.33% 100% Completion Time
96.08% 150% Completion Time
In 2024, 82.33% of students graduating from Massachusetts Institute of Technology completed their program within 100% "normal time".
Completion rates over time compared to similar institutions.
ROI & Programs
Financial value and program information for Massachusetts Institute of Technology.
Return on Investment
$14,768 Median Student Debt
$143,372 Median Annual Earnings (10 years)
10.30% Debt-to-Earnings Ratio
1709.06% Return on Investment
1.0 years Estimated Payback Period
Financial value analysis for Massachusetts Institute of Technology.
Top Programs by Completions
10 Programs Reporting Data
CIP 52.1301: 733 completions
Computer Science: 688 completions
Mechanical Engineering: 284 completions
Electrical & Electronics Engineering: 230 completions
CIP 14.2701: 204 completions
General Mathematics: 199 completions
CIP 27.0305: 151 completions
CIP 14.0201: 150 completions
CIP 40.0801: 102 completions
Other/Unknown Programs: 4,101 completions
Most popular programs at Massachusetts Institute of Technology.
Employment Outcomes
$131,633 Median Earnings (6 years after entry)
$143,372 Median Earnings (10 years after entry)
Earnings outcomes for Massachusetts Institute of Technology graduates.
About
Massachusetts Institute of Technology is a private non-profit institution located in Cambridge, MA, offering 54 distinct degree programs across various academic disciplines. The institution enrolls approximately 4,571 students. It is highly selective, with an admission rate of 4.74%. Average SAT scores for admitted students are 1553. The institution maintains a 96.08% graduation rate. Approximately 18.96% of students receive Pell Grants.
Institution Type
Private Non-profit
Location
Cambridge, MA 02139-4301
Region: New England
Insights and Analysis
Exceptional Graduation Rate: With a 96.08% graduation rate, Massachusetts Institute of Technology demonstrates strong student retention and completion. This rate significantly exceeds the national average, indicating effective academic support and student services.
Strong Career Outcomes: Massachusetts Institute of Technology graduates report median earnings of $143,372 ten years after entry, placing them among the higher-earning college graduates nationally. This strong earnings potential reflects both the quality of education and the career opportunities available to graduates.
Diverse Program Offerings: With over 54 distinct degree programs, Massachusetts Institute of Technology provides students with a wide range of academic options. This diversity allows students to explore various fields and find programs that align with their interests and career goals.
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
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 for this profile is sourced from the U.S. Department of Education's College Scorecard dataset, which provides comprehensive information on institutions of higher education in the United States.
All financial figures are adjusted for inflation and represent the most recent available data. Graduation rates and completion times are calculated according to federal standards.