TheMassachusetts institute of technology cost varies depending on the program and individual circumstances. For the 2024-2025 academic year, the estimated total cost for undergraduate students is approximately $78,000 to $80,000, which includes tuition, fees, room, and board. Graduate program costs differ by department, but tuition typically ranges from $53,000 to $60,000 per year. MIT is known for its generous financial aid programs, which are need-based, and a significant portion of students receive some form of aid, often covering the full cost of attendance for families with lower incomes. Additionally, MIT provides various scholarships, work-study opportunities, and loans to help students manage the financial burden.