Payback
EarningsPlus
Economic score
Massachusetts Institute of Technology is a private national university located in Cambridge, Massachusetts. Massachusetts Institute of Technology is extremely selective in their admissions.
Return on educational investment at Massachusetts Institute of Technology is in the top 5% of all ranked schools. The median student earns $111,222 10 years after enrolling, 3rd in Massachusetts, and in the top 5% nationally. When adjusted for earning differences by major, Massachusetts Institute of Technology bachelor students earn 76% more than the national average. Massachusetts Institute of Technology is ranked 1st in Massachusetts.
Massachusetts Institute of Technology’s median net annual cost of $16,407 and average years to graduate of 4.2 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Massachusetts Institute of Technology sorted by number of graduates - Computer Science, Mechanical Engineering, Mathematics, Physics, Biomedical/Medical Engineering, Aerospace Engineering - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$16,407
Average years to graduate
4.2
Electrical Engineering
Rank: #3
Economic score: 0.35
Economics
Rank: #4
Economic score: 0.44
Mathematics and Computer Science.
Rank: #3
Economic score: 0.6
Biomathematics, informatics, and Computational Biology
Rank: #1
Economic score: 0.64
Chemical Engineering
Rank: #6
Economic score: 0.85
Materials Engineering
Rank: #6
Economic score: 1.39
Biology
Rank: #4
Economic score: 1.45
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 6 graduate programs at Massachusetts Institute of Technology - Manufacturing Engineering, Mechanical Engineering, Electrical Engineering, Urban/community planning, Architectural Science&Tech, Business and Commerce - are shown below. To see more programs, click on "see additional programs".
Civil Engineering
Rank: #35
Economic score: 0.34
Real Estate Development.
Rank: #1
Economic score: 0.35
Architecture
Rank: #6
Economic score: 0.48
The average student at Massachusetts Institute of Technology takes 4.2 years to graduate, with 96% graduating within 8 years. The graduation rate at Massachusetts Institute of Technology is 24% more than the state average and 29% more than the average for all national universities in the country.
At Massachusetts Institute of Technology, Pell Grant recipients represent 20% of the measured graduating class, 15% lower than the national average of 35%. The average Pell Grant recipient at Massachusetts Institute of Technology graduates within 4.4 years.
Massachusetts Institute of Technology is in the top 50% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Massachusetts Institute of Technology’s economic mobility score of 19.74 is calculated by adjusting the 0.17 economic score of lower-income students by the 20% pell grant recipients within the student body. Massachusetts Institute of Technology’s EMS of 19.74 ranks in the top 50% nationally.
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 50%
The average Title IV recipient at Massachusetts Institute of Technology pays $16,407 a year, $56,055 less than the $72,462 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $16,407
Much of the gap between net price and sticker price is filled by institutional and government grants. At Massachusetts Institute of Technology, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $16,407 on average to be covered by the student – be it through loans or out of pocket. In total, 6% of students take out loans, federal or private, at an average amount of $7,235. This is 48% less than the national average.
Federal grants
$5,112
Pell grants
$4,968
State grants
$2,305
Institutional grants
$30,938
Massachusetts Institute of Technology's extremely selective admissions are indicated by their 4% acceptance rate. In 2021, the school had 33,240 applicants, of which 1,365 were admitted and 1,177 enrolled. Massachusetts Institute of Technology doesn't have a rolling admissions policy, which means applications are reviewed after a hard admissions deadline.
Full time
100%
83%
Female
37%
59%
First time
98%
59%
In-state
5%
68%
1st generation
26%
35%
White
26%
52%
Black
7%
14%
Hispanic
16%
15%
Asian
32%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
20%
12%