Massachusetts Institute of Technology

Massachusetts Institute of Technology Overview

Massachusetts Institute of Technology is a private, nonprofit school in the city of Cambridge, Massachusetts. MIT was founded in 1861 and the school presently has around 11,934 students a year, including 4,638 undergrad students. MIT offers housing for up to 4,830 students. Most students live in off campus housing.

📆 Mark your calendar! January 1, 2023 is the final deadline to submit an application for the Fall 2023 semester. Regular decision applicants for Fall 2023 should receive admissions decisions by March 20.

Student Activities at MIT

Interested in music or performing? Join a campus band, sing in a chorus, or perform with one of the school's theater groups.

Interested in journalism or communications? MIT students can write for the campus newspaper, host a radio show or be a producer for the student-run television channel.

Interested in Greek life? MIT has fraternities and sororities.

Planning to play sports? MIT has many options for athletes. See them all and learn more about life at MIT on the Student Life page.

Is MIT a Good School?

The definition of a "good school" varies. Admissions difficulty, admitted student statistics, tuition, and financial aid can provide a sense of how competitive a college is.

Let's take a closer look at these areas to get a better view of what MIT offers and if the college seems like a good choice for you.

2022 Acceptance Rate for Massachusetts Institute of Technology

MIT is extremely difficult to get into. The university admitted 4% of all applicants in 2022. Out of 33,240 applications received in 2022, 1,365 students were offered admission.

Retention and Graduation Rates at MIT

Retention refers to the number of students that stay enrolled at a school over time. This is a way to get a sense of how satisfied students are with their school experience, and if they have the support necessary to succeed in college.

About 99% of students who start at MIT return the next year. MIT's six-year graduation rate for undergrads is 96%. The average six-year graduation rate for U.S. colleges and universities is 61% for public schools, and 67% for private, non-profit schools.

Job Outlook MIT Graduates

Job placement stats are a good resource for understanding the value of a degree from MIT by providing a look on how job placement has gone for other grads. Within six months of graduating, 52% of graduates receive at least one full-time job offer.

Check with MIT directly, for information on any information on starting salaries for recent grads.

Massachusetts Institute of Technology's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and support students.

As of 2022, the total market value of Massachusetts Institute of Technology's endowment was $27.4 billion. The average college endowment was $905 million in 2021. The school spends $81,117 for each full-time student enrolled.

Tuition and Financial Aid at MIT

Tuition is another important factor when choose a college. Some colleges may have high tuition, but do a better job at meeting students' financial need.

MIT meets 100% of the demonstrated financial need for undergraduates. First-year students that attend MIT full-time are awarded $57,691 a year in financial aid, on average.

Students in the class of 2022 who had taken out student loans graduated with an average of $26,399 of debt. For context, compare this number with the average national debt, which is around $36,000 per borrower.

The 2023-2024 FAFSA Opened on October 1st, 2022

Some aid is awarded on a first-come, first-served basis, so fill out the FAFSA as soon as you can. Visit the FAFSA website to apply for student aid. Remember, the first F in FAFSA stands for FREE! No one should ever pay to fill out the FREE Application for Federal Student Aid, (FAFSA), so don't give your money (or info!) to any website that claim you do.

Learn more about Tuition and Financial Aid at MIT.

Based on this information, how does MIT sound? Remember, the best school for one person may not be the right school for another! So ask yourself: Is MIT a good school for you?

If Massachusetts Institute of Technology seems like a school you want to apply to, click the heart button to save it to your college list.

Still Searching for Colleges?

To learn more about MIT, choose from the options below:

Admissions

Student Life

Academics

Tuition & Aid

MIT Community Forums

Then use the college admissions predictor to take a data science look at your chances of getting accepted at some of the schools in the U.S.

Where is Massachusetts Institute of Technology Located?

MIT is located in the urban setting of Cambridge, Massachusetts, in the suburbs of Boston.

If you want to see MIT for yourself, plan a visit. The best way to reach campus is to take Interstate 93 to Cambridge, or book a flight to the nearest airport, Logan International.

You can also take a virtual campus tour to get a sense of what MIT and Cambridge are like without leaving home.

Considering Going to School in Massachusetts?

See a full list of colleges in Massachusetts and save your favorites to your college list.