Cost and Aid
Tuition, Fees, and Financial Aid
Tuition for the MSRED program is $60,682 (2011-2012 academic year - Fall, Spring, Summer). Firm tuition rates for the following year are established each spring. See the MIT Facts page for more information about costs.
The additional costs of housing, food, medical insurance, books, and personal items may amount to more than $18,000 for a single student. This figure is a guideline only; living expenses should be estimated individually by applicants. Contact the MIT Graduate Housing Office, (617) 253-5148, for information on the availability and cost of student housing.
Loans and Fellowships
A graduate student who is a US citizen or permanent resident should look for loan assistance first through the Federal Stafford Student Loan Program. The maximum loan per year is $8,500. Application forms and details of the application procedure may be obtained at the Student Financial Services Room 11-120, (617) 253-4971. This office is also a good source of information on other types of loans which may be available.
International students who are not US citizens or who do not possess a permanent resident visa are not eligible for federal loans. They must be prepared to meet their expenses for the year without recourse to loans from the Institute.
The MSRED program offers a very limited number of fellowships. These awards are given at the discretion of the funder and may not be offered every year. Information about fellowships is made available to enrolled students as it is received by our program throughout the year. For more information please see the FAQ section.
Public Sector Fellowship
To encourage careers in the public and non-profit sectors, the MIT MSRED offers a Public Sector Fellowship annually to a new graduate of the program. Graduates who accept a full-time, permanent position, with a real estate related non-profit or public sector organization are eligible. All applications are due by December 31 of applicant’s graduating year. The amount of the fellowship is $5,000 and recipients can apply the following year for a second fellowship for a grand total of $10,000. The award is processed in the way of loan forgiveness and is applied toward the balance of loans associated with MIT tuition expenses only. Examples of employers of past Public Sector Fellows include: New York City Economic Development Corp., Mid-Peninsula Housing Coalition, Community Housing Innovations, Inc., Rocky Mountain Institute, Upham’s Corner, Mainstreet Inc., Community Building.
Application for the Public Sector Fellowship consists of:
- A letter of interest from MSRED graduate which includes a description of job responsibilities
- A letter of support from applicant’s immediate supervisor on company letterhead which includes applicant’s job description and company brochure or materials.
Materials should be sent to:
MIT Center for Real Estate
Public Sector Fellowship Committee
77 Massachusetts Avenue
Cambridge, MA 02139