Cost & aid
What it costs
In 2023–24, the average first-year paid an estimated $46,289 in total (tuition, housing, food, books and other costs, after grants), $22K more than the national median. The 59% who received grants paid $20,996 on average; the other 41% paid the full sticker price of $82,730.
- Full price
- $82,730 a year
- tuition, housing, food, books, and other costs
- Need-based aid
- Published data end at $110K
- use the college's net price calculator for higher incomes
- Merit aid
- None
- all grants are need-based
Cost by family income
Per year for a typical family of four with one child in college. Up to $110K it is the average price federal aid recipients paid (2023–24).
Hover, tap, or use the arrow keys to read the price at an income.
- Published federal figures
- The college's published promise (2026–27 policy)
View as a table
| Family income | Price per year |
|---|---|
| $0–30K | $-3K a year |
| $30–48K | $93 a year |
| $48–75K | $1K a year |
| $75–110K | $12K a year |
| $150K | Published data end at $110K |
| $200K | Published data end at $110K |
| $250K | Published data end at $110K |
| $300K | Published data end at $110K |
| $350K | Published data end at $110K |
| $400K and above | Published data end at $110K |
At $150K: Published data end at $110K
Published data end at $110K; use the college's net price calculator for a number.
Your own number depends on the details below, so use the college's calculator for it.
What can change this
- Savings and investments above a typical amount raise the price. The curve assumes typical assets.
- Home equity: Massachusetts Institute of Technology says it doesn't count it.
- Divorced or separated parents: colleges with their own formula usually ask for both parents' finances.
$46,289
Tuition, housing, food, books & other expenses, after grants · 2023–24
59% got grants averaging $61,734; 41% got none.
Who pays what
Share of first-year students, 2023–24.
Housing and food use the college's on-campus rates, so the estimate runs high where many students live at home. “Other expenses” is the college's estimate of personal and transportation costs. Loans aren't subtracted because they're repaid.
$89,334 before aid
Tuition, fees, and on-campus food and housing · up 12% from 2023–24.
Show the full next-year estimate
- Tuition, fees, food & housing$89,334
- Books and supplies$930
- Transportationnot reported
- Other expensesnot reported
- Total for a student living on campuspartial: not every part is a number
$14.8K
≈ $157/month for 10 years
1.3 yrs
of median salary to cover 4 years of net price
7% of undergrads borrow federally.
Everyone who borrowed and left, whether or not they graduated.
Three years into repayment
Where former undergraduates stand on their federal loans.
- Paid in full53–54%
- Paying it down25–26%
- Payments paused14–16%
- Not paying it down3–4%
- Behind or in default0–4%
- Forgiven or discharged0–2%
Some shares are published as a small range to protect privacy.
Who actually gets aid
Aid generosity
GenerousGrants cover 44% of the $82,730 full price on average across all first-years (generous), more than at 60% of colleges. The sticker price overstates what most students here actually pay.
$36,441 in grants per first-year ÷ $82,730 full price.
Who gets grants and scholarships
Full-time first-year students (1,091), 2023–24
About 1 in 2 first-year students got no grant aid and paid the full sticker price of $82,730.
Where the aid comes from
Share of first-year students receiving each; averages are per recipient.
Aid by family income
The whole first-year class (1,091)
- Federal aid + grants298avg grant $69.8K
- Grants, no federal aid346avg grant $54.8K
- No grants447pay full price
Students with grants but no federal aid usually got the college's own need-based aid (without federal loans or Pell) or merit aid.
By family income: only students who received federal aid (332 of 1,091), because income is only reported for them.
From Massachusetts Institute of Technology's Common Data Set
First-years and all full-time undergraduates, 2025–26 (estimated).
| First-years | All full-time | |
|---|---|---|
| Have financial need | 61%700 students | 58%2,626 students |
| Need met, on average | 100% | 100% |
| Need fully met | 100% | 100% |
| Average aid package | $74,969 | $72,593 |
| Average need-based grant | $73,398 | $71,120 |
| Average need-based loan | $3,400 | $3,200 |
| Merit aid without need | – | 0% |
Each college decides what a family needs, so “100% of need met” can mean different prices at different colleges. Merit awards that went toward a student's need count as need-based here.
Applying for aid
For fall 2026 entrants.
If your parents are divorced or separated, the other parent also files the .
Also: Parents' complete federal income tax returns and W2s from two years ago. CSS Business/Farm Supplement when requested by Financial Aid Office.
Priority date: February 15 · Aid offers: on a rolling basis from March 17
Dates for fall 2026 entrants; the next cycle's are usually similar.
International students
Need-based aid offered.
International applicants file: the CSS Profile, Equivalent of parents' complete federal income tax returns (or wage statements) from two years ago. CSS Business/Farm Supplement when requested by Financial Aid Office. ().
Sources:IPEDS Institutional Characteristics survey, 2023–24;IPEDS Student Financial Aid survey, 2023–24;College Scorecard, 2023–24;College Scorecard, most recent release;Massachusetts Institute of Technology Common Data Set 2025–26, 2026–27;Massachusetts Institute of Technology Common Data Set 2025–26, 2025–26 (estimated);Massachusetts Institute of Technology Common Data Set 2025–26, Fall 2026 entrants;Massachusetts Institute of Technology Common Data Set 2025–26, 2025–26;IPEDS directory (Institutional Characteristics: HD), 2025–26;Massachusetts Institute of Technology (2026–27), 2026–27;Common Data Set, most recent releaseAbout the data(retrieved 2026-10-12)