Massachusetts Institute of Technology
Massachusetts Institute of Technology is a highly selective private research university in Cambridge, Massachusetts, serving roughly 4,535 students. Admission is highly selective, with an acceptance rate of about 4.55% in federal reporting data. Median earnings about ten years after entry reach about $143,372 among students who received federal aid.
Key Facts
- 2024 Undergraduate Tuition: $62,396
- 2024 Average Net Price: $20,111 After Financial Aid
- 2024 Acceptance Rate: 4.55% Highly Selective
- 2024 Enrolled Students: 4,535 99.0% Full-Time
- 2024 Graduation Rate: 96.41%
- Average SAT Score: 1560
Massachusetts Institute of Technology: what the data shows
Common questions about Massachusetts Institute of Technology, answered from College Scorecard and IPEDS in this repository.
Where is Massachusetts Institute of Technology?
Massachusetts Institute of Technology is located in Cambridge, MA (ZIP 02139-4301).
NCES locale classification: Suburb.
Is Massachusetts Institute of Technology public or private?
Massachusetts Institute of Technology is a Private Non-profit institution.
How much does Massachusetts Institute of Technology cost?
Published tuition: $62,396.
Average net price after aid: $20,111.
| Family income band | Avg. net price |
|---|---|
| Family income $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.
How hard is it to get into Massachusetts Institute of Technology?
Admission rate: 4.55%.
Among enrollees who submitted scores: average SAT 1560.
Scorecard does not publish admitted-student GPA for most institutions.
How big is Massachusetts Institute of Technology?
Total enrollment: 4,535 students.
About 99% enroll full-time in our extract.
What is the graduation rate at Massachusetts Institute of Technology?
150%-time completion rate: 96.41%.
First-year retention: 99.1%.
What do graduates of Massachusetts Institute of Technology earn?
Median earnings: $131,633 six years after entry; $143,372 ten years after entry (College Scorecard).
How much debt do students have?
Median federal loan debt among completers: $14,768.
19.32% of students receive Pell grants.
What is Massachusetts Institute of Technology known for?
Largest IPEDS program completions at this institution:
- Other/Unknown Programs (4,101 completions)
- CIP 521301 (733 completions)
- Computer Science (688 completions)
- Mechanical Engineering (284 completions)
- Electrical & Electronics Engineering (230 completions)
- CIP 142701 (204 completions)
- General Mathematics (199 completions)
- CIP 270305 (151 completions)
- CIP 140201 (150 completions)
- CIP 400801 (102 completions)
See ROI & Programs for more.
Is Massachusetts Institute of Technology a good school?
We do not score schools on opinion. Federal data in our extract show admission rate 4.55%; completion rate 96.41%; median earnings $143,372 at 10 years; net price $20,111. Compare these figures to your cost, aid, and career goals.
Costs
Tuition Costs
$62,396
2024 Undergraduate Tuition
In 2024, the cost of tuition at Massachusetts Institute of Technology was $62,396.
Tuition comparison with similar institutions.
Average Net Price
$20,111
2024 Value
In 2024 Massachusetts Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $20,111.
Average net price comparison with similar institutions.
Total Cost of Attendance
$80,444 Estimated 4-Year Total Cost
$20,111 Average Annual Net Price (after aid)
$249,584 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
19.32% Undergraduates Receiving Financial Aid through Grants
6.69% Undergraduates Receiving Financial Aid through Loans
Financial aid distribution by income level.
Student Loan Default Rate
0.00%
3-year cohort default rate (College Scorecard)
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.
Admissions
Acceptance Rate
4.55% Acceptance Rate
This institution is extremely selective, accepting fewer than 1 in 10 applicants.
Acceptance rate compared to national average.
Test Scores
SAT Average: 1560
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
99.0% Full-Time Enrollment
The total enrollment at Massachusetts Institute of Technology in 2024 is 4,535 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.
Graduates & Outcomes
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.
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
1682.26% 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
Employment outcome data is not available for this institution.
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 4,535 students. It is highly selective, with an admission rate of 4.55%. Average SAT scores for admitted students are 1560. The institution maintains a 96.41% graduation rate. Approximately 19.32% 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 96.41% 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.
FAQ
How much does Massachusetts Institute of Technology cost?
Reported in-state tuition is $62,396 and average net price is $20,111 in the latest College Scorecard data.
How hard is it to get into Massachusetts Institute of Technology?
The admission rate is 4.5% among first-time degree-seeking students reporting admissions data.
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.
How much debt do Massachusetts Institute of Technology students have?
Median federal loan debt among completers is $14,768.
How big is Massachusetts Institute of Technology?
Total enrollment is about 4,535 students in the latest reporting year.
Is Massachusetts Institute of Technology public or private?
Massachusetts Institute of Technology is a private nonprofit institution located in Cambridge, MA.
Is Massachusetts Institute of Technology an HBCU?
No. Massachusetts Institute of Technology is not flagged as an HBCU in the IPEDS institutional directory.
Is Massachusetts Institute of Technology a tribal college?
No. Massachusetts Institute of Technology is not flagged as a tribal college in IPEDS.
Is Massachusetts Institute of Technology a Hispanic-serving institution (HSI)?
Using a 25% Hispanic enrollment threshold on College Scorecard demographics, Massachusetts Institute of Technology does not meet that proxy (reported share 14.1%).
Is Massachusetts Institute of Technology religiously affiliated?
No religious affiliation is reported for Massachusetts Institute of Technology in IPEDS institutional characteristics.
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 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.