Massachusetts Institute of Technology
Cambridge, Massachusetts · Also known as MIT, M.I.T. · Website
$143,372
median earnings, 10 years after starting
$143,372
median earnings, 10 years after starting
Massachusetts Institute of Technology is a private nonprofit 4-year college in Cambridge, Massachusetts with 4,535 undergraduates and 7,351 graduate students. Its average net price after grants is $20,111 a year (tuition and fees $62,396). It admits 4.5% of applicants and 96% of students finish within 6 years. Former students earn a median $143,372 a year 10 years after they started, and graduates leave with a median $14,768 in federal student loans.
Updated Oct 10, 2026 · June 2026 data
Net price
$20,111
US median $17,138
Tuition and fees
$62,396
US median $11,837
Admission rate
4.5%
US median 78%
Completion rate
96%
Within 6 years, US 58%
Median debt
$14,768
About $157 a month
Earnings at 10 years
$143,372
Rank 1 of 5,094 in the US
Cost
What a year costs: posted prices and the average after grants
Net price by family income
Average yearly cost after grants, for students who get aid
- Net price
- $20,111
- Tuition and fees
- $62,396
- Cost of attendance
- $82,730
- Students with a need-based grant
- 19%
- Students with federal loans
- 6.7%
- Net price, family income under $30K
- -$2,533
- Net price, family income $30K to $48K
- $93
- Net price, family income $48K to $75K
- $1,480
- Net price, family income $75K to $110K
- $11,555
- Net price, family income over $110K
- $48,479
Net price is what students who get aid pay on average after grants.
Tuition and net price by year
School years 2015-16 to 2024-25. The year on the chart is the year the school year starts.
Yearly cost
Tuition and fees went from $46,704 in 2015-16 to $62,396 in 2024-25.
Admission, completion and retention
Share of applicants admitted, of students who finish and of first-year students who come back
Admission and students
- Admission rate
- 4.5%
- Average SAT
- 1,560
- Undergraduates
- 4,535
- Graduate students
- 7,351
- Part-time students
- 1.0%
- Women
- 48%
- Students per teacher
- 3
- Completion rate
- 96%
- Retention rate
- 99%
- Highest degree
- Graduate degree
- Programs
- 112
- Endowment
- $24.6B
Earnings and debt
Compared with the medians of the colleges of its state, of colleges of the same kind and of all US colleges
Median earnings 10 years after starting rank 1 of 5,094 US colleges and 1 of 106 in Massachusetts (1 = highest).
| Measure | College | MA median | Same kind | US median |
|---|---|---|---|---|
| Net price | $20,111 | $24,402 | $22,320 | $17,138 |
| Tuition in-state | $62,396 | $34,256 | $31,170 | $11,837 |
| Admission rate | 4.5% | 71% | 74% | 78% |
| Completion rate | 96% | 69% | 57% | 58% |
| Retention rate | 99% | 79% | 77% | 75% |
| Median debt | $14,768 | $21,882 | $24,287 | $13,271 |
| Earnings after 6 years | $131,633 | $46,320 | $44,392 | $35,656 |
| Earnings after 10 years | $143,372 | $53,104 | $52,928 | $40,813 |
Best-paid programs
Median earnings 1 year after graduation
Same kind: US private nonprofit 4-year colleges. Earnings and debt are medians of former students who received federal student aid. 92% of borrowers lowered their balance within 3 years. 95% earn more than a typical high school graduate 6 years after starting.
Programs
112 fields of study and credentials, with graduates, debt and earnings
| Field of study | Graduates | Median debt | Earnings 1 yr | Earnings 4 yr | US median 4 yr | |
|---|---|---|---|---|---|---|
| Management Sciences and Quantitative MethodsMaster's | Master's | 782 | $41,000 | $204,731 | Withheld | $124,807 |
| Computer ScienceBachelor's | Bachelor's | 389 | $11,077 | $154,492 | $225,141 | $107,009 |
| Computer ScienceMaster's | Master's | 265 | Withheld | Withheld | Withheld | - |
| Systems EngineeringMaster's | Master's | 178 | $44,052 | $151,271 | $227,052 | $144,565 |
| Mechanical EngineeringMaster's | Master's | 149 | $45,290 | $155,889 | $200,732 | $115,974 |
| Mechanical EngineeringBachelor's | Bachelor's | 141 | $11,507 | $83,957 | $131,967 | $92,135 |
| MathematicsBachelor's | Bachelor's | 139 | $9,751 | $109,288 | $174,951 | $69,562 |
| Applied MathematicsMaster's | Master's | 132 | Withheld | Withheld | Withheld | $116,060 |
| Electrical, Electronics, and Communications EngineeringBachelor's | Bachelor's | 87 | $10,967 | $117,345 | $161,118 | $100,647 |
| PhysicsBachelor's | Bachelor's | 79 | $18,500 | $54,773 | $131,025 | $76,786 |
| Electrical, Electronics, and Communications EngineeringMaster's | Master's | 78 | Withheld | $149,936 | $199,245 | $133,654 |
| Computer ScienceDoctoral | Doctoral | 68 | Withheld | Withheld | Withheld | - |
| Aerospace, Aeronautical, and Astronautical/Space EngineeringMaster's | Master's | 68 | Withheld | Withheld | $151,237 | $122,434 |
| Cognitive ScienceBachelor's | Bachelor's | 61 | Withheld | Withheld | Withheld | - |
| Aerospace, Aeronautical, and Astronautical/Space EngineeringBachelor's | Bachelor's | 57 | $17,724 | Withheld | $114,620 | $98,207 |
| Architectural Sciences and TechnologyMaster's | Master's | 56 | $56,056 | $66,501 | $87,003 | $77,466 |
| Biomedical/Medical EngineeringBachelor's | Bachelor's | 54 | $13,000 | $70,696 | $111,738 | $93,451 |
| Mechanical EngineeringDoctoral | Doctoral | 53 | Withheld | Withheld | Withheld | $131,070 |
| Electrical, Electronics, and Communications EngineeringDoctoral | Doctoral | 52 | Withheld | Withheld | $214,070 | $157,305 |
| PhysicsDoctoral | Doctoral | 52 | Withheld | Withheld | Withheld | $130,153 |
| Management Sciences and Quantitative MethodsBachelor's | Bachelor's | 49 | Withheld | $99,843 | Withheld | $86,176 |
| Economics and Computer ScienceBachelor's | Bachelor's | 47 | - | - | Withheld | - |
| ChemistryDoctoral | Doctoral | 47 | Withheld | $96,201 | $137,404 | $115,386 |
| Biomedical/Medical EngineeringDoctoral | Doctoral | 46 | Withheld | $135,551 | $167,374 | $131,848 |
| City/Urban, Community, and Regional PlanningMaster's | Master's | 43 | $40,833 | $81,382 | $100,130 | $79,665 |
In the area
- Jobs, pay and new homes: the county of Cambridge and Massachusetts on Local Economy
- More colleges: All colleges in Massachusetts
- Homes: Homes for sale in Massachusetts
Questions and answers
How much does Massachusetts Institute of Technology cost?
$20,111 a year is the average net price at Massachusetts Institute of Technology after grants and scholarships. Tuition and fees are $62,396, and the full cost of attendance with housing, food and books is $82,730. Families earning under $30,000 pay -$2,533 on average.
What is the acceptance rate at Massachusetts Institute of Technology?
4.5% of applicants are admitted to Massachusetts Institute of Technology. The average SAT score of admitted students is 1,560. The median admission rate of colleges in Massachusetts is 71%.
How much do Massachusetts Institute of Technology graduates earn?
$143,372 a year is the median pay of former Massachusetts Institute of Technology students who work, 10 years after they started ($131,633 after 6 years). That ranks 1 of 5,094 US colleges and 1 of 106 in Massachusetts. Its best-paid program one year after graduation is Management Sciences and Quantitative Methods (Master's) at $204,731.
How much student debt do Massachusetts Institute of Technology graduates have?
$14,768 is the median federal student loan debt of Massachusetts Institute of Technology graduates, about $157 a month over 10 years. The median across US colleges is $13,271. 6.7% of undergraduates take out federal loans.
What is the graduation rate at Massachusetts Institute of Technology?
96% of first-time, full-time students at Massachusetts Institute of Technology finish within 6 years. 99% of first-year students come back for a second year. The median of private nonprofit 4-year colleges is 57%.
What are the most popular majors at Massachusetts Institute of Technology?
Management Sciences and Quantitative Methods (782 master's graduates), Computer Science (389 bachelor's graduates), Computer Science (265 master's graduates) had the most graduates in the newest year, out of 112 programs.
Official public data, June 2026 release. Net price is for first-time, full-time students who get aid. Completion counts first-time, full-time students who finish within 150% of the normal time. Debt and earnings are medians of students who received federal student aid, measured a few years after they left, in the dollars of the year measured; earnings count former students who work and are not enrolled, including those who did not finish.