Undergraduate costs
Graduate student costs
How will I pay my family’s share?
Is my family eligible for tax benefits?
GRADUATE STUDENT PRICE
The first thing you should know is that relatively few MIT graduate students pay the full price out of pocket. Instead, they use some combination of MIT tuition awards, savings, student loans, and term-time and summer jobs to meet their total costs. This requires some research and careful planning of your current and future budget.
Your actual costs will vary depending on your academic program as well as your choices of dining and housing options, travel expenses, other out-of-pocket expenses, etc. You can get a more accurate estimate by using our student budget worksheet.
Your price has two categories: charges billed by MIT charges, and things you must pay for out of pocket
MIT expenses
Below are some of the amounts charged by MIT for the 2007-08 academic year. These figures do not include costs for the summer term from June through August.
| Expense | What most students are charged | Details |
|---|---|---|
| Tuition 1 | $34,986 | Registrar’s Office |
| Housing (on campus) 2 | $4,725 to $13,365 | Housing Office |
| Student Medical Plan | $0 | MIT Medical |
| Student Extended Insurance Plan 3 | $1,440 | MIT Medical |
| Student life fee | $236 | Graduate Students Office |
1 Tuition amounts vary widely by academic program. Please confirm your tuition rate with your program directly. All graduate students in the Sloan School of Management are subject to a different base tuition rate than the figure listed above.
2 These figures are for a double room in one of MIT’s graduate and family residence halls; costs vary depending on which residence hall you choose, whetehr you are single or seeking a family apartment, and (if single) how many roommates you elect to have. These figures don’t apply to off-campus housing.
3 Some form of hospital insurance is required by Massachusetts law. As part of the basic tuition fee, MIT provides the basic Student Medical Plan but also charges all students for the Student Extended Insurance Plan, which provides hospitalization coverage. However, students who can demonstrate that they already have comparable coverage under another insurance program are granted a waiver from the Student Extended Insurance Plan. There are additional charges for coverage of partners and dependents under both the Student Medical Plan and the Extended Student Insurance Plan. Click here for a chart that compares all services and rates offered by MIT Medical to students and their families.
Out-of-pocket expenses
There are other costs that are not billed by MIT that you should take into account. Sime items below are followed by a standard budget amount suggested by MIT.
- Food ($4,350)
- Utilities – heat, water, gas, electricity, phone, Internet, cable TV (if you live in an apartment where these are not included in the rent)
- Books and supplies ($1,800)
- Local transportation – getting around Cambridge and Boston by bike, car or public transportation ($2,400)
- Travel – for example, airfare for visiting your family or others
- Personal and miscellaneous expenses – clothing, entertainment, etc. ($2,700)
Class of ’06
Teri is just one of thousands of students who've been able to attend MIT because MIT meets every student's full financial need.
{ Learn more }There are hundreds of outside private scholarships for every type of student.
