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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.
- Budgeting Worksheet
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- Budgeting Worksheet
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.
For the 2024–2025 academic year, the cost of attendance is $85,960. It includes costs that are billed by MIT, such as tuition, housing, and food, and estimates for other expenses, such as books, supplies, and personal expenses. We use this budget to determine financial aid for every student.
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.
Undergraduate Cost of Attendance. Tuition rates are set by the Academic Council each year in spring for the following academic year. The annual cost of attendance is the total amount we estimate it will cost a student to attend MIT for one year.
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.
The table below reflects standard graduate tuition rates for the 2024–2025 academic year (which are reviewed and likely to increase next year). Graduate programs in the MIT Sloan School of Management have their own tuition rates .