What's the annual cost to attend MIT?

Hi, I'm a junior planning on applying to MIT next year, but I'm a bit concerned about the costs. Can anyone tell me the yearly cost of attending MIT, including tuition, housing, and other fees?

The annual cost to attend MIT can vary depending on personal factors, but here is a general breakdown for the 2024-2025 academic year:

1. Tuition: $55,510

2. Student life fee: $368

3. Housing (average): $10,926

4. Meals (average dining plan): $6,068

These costs add up to approximately $72,872 per year. However, there are additional expenses to consider, such as books, supplies, personal expenses, and travel, which can vary depending on your situation. It's also important to note that these figures can change from year to year - they tend to trend upwards, due to inflation and other factors.

While the yearly cost may seem daunting, numerous financial aid opportunities, including scholarships, grants, work-study, and loans, can help make attending MIT more affordable for qualified students. Additionally, MIT is need-blind and guarantees to meet 100% of demonstrated financial need for all admitted students, so you don't have to worry about your financial situation impacting your odds of acceptance, or ability to attend if admitted.

To get an estimate of your potential financial aid package, you can use MIT's MyinTuition Quick College Cost Estimator or their Net Price Calculator. You can also always reach out to their admissions office directly with any specific questions you have about your personal financial circumstances.

Finally, if you end up applying to MIT and want tips on how to maximize your odds of acceptance, check out this blog post from CollegeVine, which breaks down how to tackle their application essays: https://blog.collegevine.com/how-to-write-the-mit-application-essays/. Good luck!