The cost of attending theMassachusetts Institute of Technology cost (MIT) can vary depending on the program, but for the 2024-2025 academic year, the estimated total cost of attendance is approximately $80,000 to $90,000 per year. This includes tuition, fees, room and board, books, and personal expenses. MIT is known for its strong financial aid programs, and about 90% of undergraduates receive some form of financial assistance. The institute offers need-based financial aid, meaning that the amount of aid a student receives is based on their family’s financial situation, with a commitment to meeting 100% of the demonstrated need without requiring loans.