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  1. MyinTuition Quick College Cost Estimator. The Quick College Cost Estimator provides a quick estimate based on six questions. For a more in-depth review and to determine Pell eligibility you will need to use the Net Price Calculator.

  2. The Net Price Calculator will give you an estimate of your net cost and aid eligibility, but your ultimate financial aid package will be determined by the MIT financial aid office. Completing the calculator should take no more than 20 minutes of your time.

  3. Get an estimate of your financial aid based on six simple questions. For a more in-depth review, and to determine Pell eligibility, you will need to use the Net Price Calculator.

  4. 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.

  5. 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.

  6. Paying Tuition Fees. The MIT Student Financial Services (SFS) is responsible for sending out bills and collecting payments. SFS does not post the charges on your account. Students are expected to pay their student accounts in full or arrange a satisfactory payment plan prior to Registration Day of each term.

  7. 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.

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