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mIT fees calculator for international students
The full price to attend MIT for the 2019–2020 academic year is $73,160. This total costs includes $53,450 for tuition, $10,430 for housing, $5,960 for food costs, $2,160 for personal expenses, $820 for books and supplies and $340 to cover the school’s student life fee.
The Massachusetts Institute of Technology – or MIT for short – is one of the prestigious private universities located in Cambridge, Massachusetts. Founded in 1861, MIT is patterned after the European polytechnic curriculum.
While it was primarily developed to provide science and engineering education – which are the specializations of 29% and 63% of undergraduate students respectively – it also offers other courses. Here, students can also major in architecture & planning, management, and humanities, arts & social science.
On a graduate level, MIT offers Master of Science degrees, Doctor of Philosophy degrees, and Doctor of Science degrees. It also has a joint MD-Ph.D. program with the equally-reputable Harvard University.
Undergraduate tuition at MIT costs $55,510. While this includes basic health insurance, it does not include the student life fee of $368.
Other costs associated with MIT schooling involve housing (about $11,550), meals ($6,550), books & supplies ($840), and other personal expenses (about $2,200).
While undergraduate tuition is expensive, foreigners only need to pay about half the amount for graduate education. The full regular tuition for the fall and spring semesters is $27.755. Summer tuition costs about $19,175.
Those who intern outside the campus are eligible for a lower fee of $9,715.
Foreign Ph.D. students, on the other hand, only need to pay $1,390 for the first 3 semesters. Subsequent terms will only cost $4,165 each
Other costs associated with MIT schooling involve housing (about $11,550), meals ($6,550), books & supplies ($840), and other personal expenses (about $2,200).
While undergraduate tuition is expensive, foreigners only need to pay about half the amount for graduate education. The full regular tuition for the fall and spring semesters is $27.755. Summer tuition costs about $19,175.
Foreign Ph.D. students, on the other hand, only need to pay $1,390 for the first 3 semesters. Subsequent terms will only cost $4,165 each.
Those who intern outside the campus are eligible for a lower fee of $9,715.
Other costs associated with MIT schooling involve housing (about $11,550), meals ($6,550), books & supplies ($840), and other personal expenses (about $2,200).
While undergraduate tuition is expensive, foreigners only need to pay about half the amount for graduate education. The full regular tuition for the fall and spring semesters is $27.755. Summer tuition costs about $19,175.
Foreign Ph.D. students, on the other hand, only need to pay $1,390 for the first 3 semesters. Subsequent terms will only cost $4,165 each.
Those who intern outside the campus are eligible for a lower fee of $9,715.
Other costs associated with MIT schooling involve housing (about $11,550), meals ($6,550), books & supplies ($840), and other personal expenses (about $2,200).
While undergraduate tuition is expensive, foreigners only need to pay about half the amount for graduate education. The full regular tuition for the fall and spring semesters is $27.755. Summer tuition costs about $19,175.
Foreign Ph.D. students, on the other hand, only need to pay $1,390 for the first 3 semesters. Subsequent terms will only cost $4,165 each.
Those who intern outside the campus are eligible for a lower fee of $9,715.
Massachusetts Institute of Technology
Massachusetts Institute of Technology is a private institution located in Cambridge, Massachusetts. MIT is a diverse university with a 29.1% ( 3411) international student population. The largest communities at MIT are from China with 971 students followed by 340 students from India. The majority of international students pursue masters-level STEM courses at MIT university. In 2021, the university’s most enrolled programs were MS Management Studies and MS Mechanical Engineering.
Ranking #1 in the world, Massachusetts Institute of Technology is globally acknowledged for its affordability. The average tuition fees for MIT programs is USD 57,590. MIT University offers need-blind scholarships with an average award amount of USD 40,000 to all students. With this significant financial aid, the annual tuition fees for MIT is reduced to almost USD 17,590.
Graduates of Massachusetts Institute of Technology are the second-highest paid professionals in USA with an average early-career salary of about USD 83,600 which is approximately 63.68 lakhs. A Master in Management is the best-paying degree at Massachusetts Institute of Technology with alumni earning an average income of USD 218,000.
Likes:
- UROP: MIT is one of the few universities that offer research OP for Undergraduates which can be pursued in the summers or during the semester. 93% of undergraduates participated in a UROP
- Student life at MIT: MIT campus has 20 research centers on campus and over 30 sports and other recreational facilities.
- Placements: MIT graduates are employed by Amazon, Amgen, Bain & Company, The Blackstone Group, Facebook, JP Morgan Chase & Co., Nike, Google, and several other global leaders and around 4.6 million jobs are created through them.
Dislikes:
- Focused on STEM Courses: Options for Humanities subjects such as music, art, theater, languages, literature, religion, and philosophy are very limited at Massachusetts Institute of Technology.
- Rigorous Academic Curriculum: Being a student at MIT can be very stressful. There is a huge workload, including but not limited to taking courses, writing papers, attending conferences, and networking.
- International Students: For the Class of 2025, out of 9,165 international applicants, only 123 got accepted, this indicates the acceptance rate for international students is merely 1.3%.
Massachusetts Institute of Technology Programs
MIT is best known for its programs in engineering and the physical sciences, other areas where MIT excels for PG programs are- economics, political science, urban studies, linguistics, and philosophy.
Massachusetts Institute of Technology Top Courses
| Course Name | Annual Tuition Fees |
|---|---|
| Master of Science [M.S], Electrical Engineering and Computer Science | INR 46,84,947 |
| Master of Business Administration [M.B.A] | INR 65,40,540 |
| Master of Engineering [M.Eng], Computer Science and Molecular Biology | INR 46,84,947 |
| Master of Science [M.S], Mechanical Engineering | INR 46,84,947 |
| Bachelor of Science [B.S], Mechanical Engineering (Course-2) | INR 46,84,947 |
| Master of Engineering [M.Eng], Civil and Environmental Engineering | INR 46,84,947 |
| Master of Science [M.S], Chemical Engineering Practice | INR 46,84,947 |
| Bachelor of Science [B.S], Biological Engineering | INR 46,84,947 |
| Bachelor of Science [B.S], Aerospace Engineering | INR 46,84,947 |
| Bachelor of Science [B.S], Art and Design | INR 46,84,947 |
Massachusetts Institute of Technology Rankings
MIT has been ranked as the No. 1 university in the world by QS World University Rankings for 10 straight years (Since 2012). Mentioned below are the other ranks achieved by MIT through various ranking agencies:
- #5 in World University Rankings by Times Higher Education, 2022.
- #3 in US College Rankings by Times Higher Education, 2022.
- #2 in National Universities by US News and World Report, 2022.
- #2 in Best Value Schools by US News and World Report, 2022.
MIT has earned a No. 1 spot in 12 subject areas, according to the QS World University Rankings for 2022. Mentioned below are the rankings of MIT and its competitive universities.
| Programs | Subject Rankings of MIT | Subject Rankings of Stanford University | Subject Rankings of Harvard University |
|---|---|---|---|
| Architecture/Built Environment | 1 | 34 | 5 |
| Chemistry | 1 | 2 | 2 |
| Computer Science and Information Systems | 1 | 2 | 7 |
| Chemical Engineering | 1 | 2 | – |
| Civil and Structural Engineering | 1 | 9 | – |
| Electrical and Electronic Engineering | 1 | 2 | 7 |
| Materials Science | 1 | 2 | 4 |
| Mechanical, Aeronautical, and Manufacturing Engineering | 1 | 2 | 4 |
| Linguistics | 1 | 7 | 6 |
| Mathematics | 1 | 2 | 4 |
| Physics and Astronomy | 1 | 3 | 2 |
| Statistics and Operational Research. | 1 | 2 | 4 |
Massachusetts Institute of Technology Campus
The MIT campus is located between Central and Kendall Squares, and across the Charles River from Boston’s Back Bay. There are both on-campus as well as off-campus housing options available at the university. Out of 4,638 UG students, more than 3,400 students live in a residence hall on campus or in MIT-approved fraternities, sororities, and independent living groups.
Massachusetts Insititute of Technology Accommodation
- The university offers on-campus housing facilities and assistance in finding off-campus housing for its students.
- Presently, the university has around 19 undergraduate and graduate residence halls
- The university guarantees accommodation to first-year applicants in its 10 diverse halls.
- Over 70% of its first-year students prefer to live on campus to ensure convenience, safety, and an enriching learning environment.
- Candidates opting for on-campus accommodation can always seek out the help of resident advisors and faculty housemasters in case of need.
Off-campus Accommodation
- The institute understands that some of its students prefer their private space and thus lookout for a place off-campus but within close proximity to the campus.
- For this very reason, it brings to the aid of its students an off-campus housing service that provides all the help needed while looking out for a home off-campus.
- The available options include studios, condos, and apartment-style living that cost somewhere between 2,660 to 5,600 USD, per unit.
Tabulated below are housing prices of some of the residence halls offered by MIT in INR:
| Residence Hall | Single (in INR) | Double (in INR) | Triple (in INR) | Quad (in INR) |
|---|---|---|---|---|
| Baker House | 5.15 lakhs | 4.55 lakhs | 4.07 lakhs | 3.59 lakhs |
| Burton-Conner House | 5.15 lakhs | 4.55 lakhs | 4.07 lakhs | N/A |
| Maseeh Hall | 5.15 lakhs | 4.55 lakhs | 4.07 lakhs | 3.59 lakhs |
| McCormick Hall | 5.15 lakhs | 4.55 lakhs | 4.07 lakhs | N/A |
| Next House | 4.81 lakhs | 4.55 lakhs | 3.81 lakhs | N/A |
| Simmons Hall | 5.15 lakhs | 4.55 lakhs | 4.07 lakhs | N/A |
Massachusetts Institute of Technology Enrollments
The acceptance rate at MIT is higher than that of some Ivy League schools. In fact, the acceptance rate at MIT for the graduating class of 2025 – students who applied in 2021 – was 6.58 %.
Class profile (2023) of MBA at MIT
Source@https://mitsloan.mit.edu/mba/admissions/class-2023-profile
Massachusetts Institute of Technology Admissions
When to apply? Most U.S. students apply to MIT at the beginning of their final year of high school, and international applicants should do the same. MIT practices need-blind admissions, which means applicants will not be disadvantaged in the admissions process because of their financial needs.
The Massachusetts Institute of Technology’s admissions procedure comprises an application, application fee, submission of documentation, and, in some cases, a personal interview. An online portal is available for international applicants to apply to the university.
Documents for PG Programs:
- Academic transcripts (minimum GPA- 3.5 i.e 89%)
- English proficiency scores
- Resume/CV
- Essays or SOP, as per course requirement
- Two to three reference letters
- Additional or optional supplements such as cover letters, video statements, portfolios, etc
- Financial documents
- Standardized exams scores
- Average GMAT: 720
- Average GRE: 324
Documents for UG Programs:
- Official high school transcripts (average GPA- 3.9 i.e 92%
- SAT scores (average 1600)
- CV or Acedamic Resume
- Letters of recommendation
- A statement of Purpose
- Interview
Massachusetts Institute of Technology Application Deadlines
The deadlines for programs at the institute vary from program-to-program basis. However, some of the common deadlines for international students are as follows:
| Type of Deadline | Date |
|---|---|
| Early decision | November 1 |
| Final | January 1 |
Also Check: Admission Intakes in USA
Massachusetts Institute of Technology Cost of Attendance
MIT University is one of the most expensive universities in the world, with a tuition fee of USD 57,590 for the UG program which compared to the national average of USD 35,830 is quite high.
MIT Graduate Cost of Attendance
The most expensive graduate program at MIT is 61.18 lakhs for 1 year. Mentioned below is the average cost of attendance at the Massachusetts Institute of Technology:
| Category | Annual Cost (in INR) |
|---|---|
| Standard Tuition Academic year | 42.25 lakhs |
| MIT Student Extended Health Insurance | 2.35 lakhs |
| Student Life fee | 0.28 lakhs |
| Housing | 15.98 lakhs |
| Books and Supplies | 0.94 lakhs |
| Food | 6.31 lakhs |
| Transportation | 2.28 lakhs |
| Personal | 6.32 lakhs |
| Total | 76.71 lakhs |
MIT Undergraduate Cost of Attendance
The average cost of attendance for an Undergraduate student at MIT is USD 79,850 which is approximately 60.76 lakhs for an Indian student. Mentioned below
| Tuition and Fees | Annual Fees (in INR) |
|---|---|
| Tuition | 43.83 lakhs |
| Student life fee | 0.30 lakhs |
| Housing | 9.11 lakhs |
| Meals | 5.18 lakhs |
| Books & supplies | 0.65 lakhs |
| Personal expenses | 1.69 lakhs |
| Total | ~60.76 lakhs |
Massachusetts Institute of Technology Scholarships
MIT provides financial aid on the basis of financial need only. The university doesn’t award scholarships based on any measure of merit—academic, athletic, artistic, or anything else. International students are considered for aid using the same process that is used for domestic applicants. There are two steps to applying for aid
- Step 1: CSS Profile; a College Board tool that the university uses to assess if an applicant is eligible for a need-based MIT Scholarship.
- Step 2: Parental tax returns or income proof must be uploaded using the College Board’s secure IDOC portal. In the case of international students, students must produce their original country’s tax return, as well as a translation into English, if necessary.
Documents required for the 2022–2023 application are as follows:
- Parents’ 2020 income tax returns or wage statements
- Any other records of money earned
- Bank statements
- Records of investments
- Records of untaxed income
Graduate students at MIT are sponsored by fellowships or appointments as research or teaching assistants. The stipend may be up to 4,000USD each month which is approximately 3.04 lakhs for an Indian student.
Work Study at MIT
The MIT Work Study program gives undergraduate and graduate students the chance to get paid, obtain useful work experience, and contribute their time, talents, and ideas to solving real-world problems. If you are eligible for Federal Work-Study, this is an excellent opportunity to improve your CV and explore a career path or employment field while assisting a nonprofit in dealing with challenging social or environmental concerns.
Any student can find work on campus. The minimum pay for students is USD 14.25 per hour, with most students earning around USD 1,700 per semester. Due to student visa regulations, international students are only permitted to work 20 hours per week. In fact, 93% of students participate in paid research for at least one semester; many complete three or four.
Also Check:
Massachusetts Institute of Technology Placements
MIT’s placements are professionally guided so that students can attain their full potential. Every September, the MIT Career Fair, hosted by undergraduates, attracts approximately 450 firms and 5,000 students. Average salary offered for graduates ranged from USD 46,200 to USD 63,900. Mentioned below are the salaries earned by MIT Sloan graduates in different job profiles:
Source@https://mitsloan.mit.edu/sites/default/files/2021-11/MBA-Employment-Report-2021-2022_2.pdf
Also Check:
Massachusetts Institute of Technology Alumni
Alumni of MIT get access to a variety of special resources and discounts, including an online alumni directory, career tools, campus information, and more. Some of the other alumni benefits are:
- Bose Discount- 15% off for MIT alumni with their alumni Email ID card
- Career Programs- Networking, professional advice, job opportunities, and more
- MIT Federal Credit Union- Alumni get benefits including competitive rates for Visa credit cards, loans, and other financial services.
- MITx courses on edX-Alumni are eligible to receive 15% discount on verified track enrollment in any MITx online course offered on edX.org.
The alumni community of MIT has around 85 Nobel laureates, 29 National Medal of Technology and Innovation winners, 58 National medals of science winners. Some of the notable alumni of the university include:
- Will Smith (Actor),
- Kofi Anan (Former UN secretary-general),
- Benjamin Netanyahu (Israeli PM),
- Buzz Aldrin (apollo 11 astronaut),
- Amar Bose (owner Bose music accessories), and many more.
Living the spirit of its motto “Mens et Manus” or “Mind and Hand” since its establishment, the institution offers a plethora of courses at undergraduate and graduate levels making it one of the renowned names in the US Education System. Having some 95 Nobel laureates and 59 National Medal of Science winners as its primary community members, MIT turns no leaves unturned to guarantee quality education for its students which makes it a coveted choice for international students to study in the USA.
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