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  1. The full price of an MIT education is $85,960 for the 2024–2025 academic year. However, most students pay far less than that. We offer full-need financial aid, which means we meet 100% of your demonstrated financial need for all four years of your undergraduate career.

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  2. The annual student budget, or cost of attendance, is the total amount we estimate it will cost a student to attend MIT for one year. It includes costs that are billed by MIT, such as tuition, housing, food, and estimates for other expenses, such as books, supplies, and personal expenses.

  3. catalog.mit.edu › mit › undergraduate-educationCosts - MIT Course Catalog

    The cost of attendance for the 2024–2025 academic year is $85,960. This number is actually much lower than what it costs MIT to educate students. However, most students pay far less than the total cost of attendance because of our need-based financial aid.

  4. The annual cost of attendance is the total amount we estimate it will cost a student to attend MIT for one year. We use this budget to determine financial aid for every student. Cost of Attendance (Before Aid), 2023–2024. First-year admission: Class of 2027. 26,914 applicants. 1,291 (4.8%) admits. Financial Aid.

  5. For more detailed information regarding the cost of attendance for the 2024–2025 academic year including tuition and fees; books and supplies; and housing, food, and transportation; please visit the undergraduate and graduate pages on the SFS website.

  6. All undergraduates attend MIT at a significant discount to the true cost of an MIT education. The actual cost of an MIT education is about twice the annual tuition.

  7. Cost of attendance: The total cost of attending MIT for one academic year, which incorporates direct costs that are on your bill (tuition and fees) as well as indirect costs that aren’t on your bill, such as personal expenses and books.