Massachusetts Institute of Technology: Tuition & Loans

Overall Rating: Overall Ranking - OustandingQuality: Education Quality Rating - OustandingSafety: Capmus Safety Rating - PoorCosts: Tuition & Fees Cost Rating - Bad
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Tuition and fees per year
$42,100
Average tuition cost at Massachusetts Institute of Technology is extremely high - $41,800 per academic year. The additional fees at Massachusetts Institute of Technology beyond tuition are approximately $300, which makes it a total of $42,100 per academic year.

If you are thinking about a cheper option in Massachusetts, then see the Affordable Colleges in Massachusetts ranking. The chart below shows Massachusetts Institute of Technology tuition costs and additional fees compared to the competing and nearby colleges:

Anunual Tuition and Fees in Massachusetts Institute of Technology and Competing Colleges

Massachusetts Institute of Technology Tuition Comparison Chart

Books and Supplies

The average cost of books and additional supplies required to study at Massachusetts Institute of Technology is $1,000 a year; this is a good bargain if compared to other colleges in Massachusetts.

FAFSA Application

FAFSA Code
2015-2016
002178
If you would like to file your FAFSA application for Federal Student Aid, the postsecondary institution code for Massachusetts Institute of Technology is 002178. Please verify this code before using it with your FAFSA application.

Federal Student Aid is an office of the US Department of Education, which provides grants and loans to eligible applicants. To meet minimum eligibility requirements you will need to have a valid Social Security number and high school diploma or GED certificate.

Repaying Your School Loans

Repayment
Failure Rate
1%
The government reported that the median federal student loan amount for Massachusetts Institute of Technology is approximately $7,100.

At the same time, 1.20% of the recent Massachusetts Institute of Technology graduates have failed to maintain their federal student loan repayments in 2012

This rate of loan repayment defaults (1.20%) is extremely low and might lead to a conclusion that Massachusetts Institute of Technology graduates have excellent career perspectives.

Learn More About Massachusetts Institute of Technology

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