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Colleges / Massachusetts Institute of Technology

Massachusetts Institute of Technology

Cambridge, MA 4-Year Private
Acceptance Rate4%
Acceptance Rate4%

About MIT

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.

2022 MIT Facts At-A-Glance
Academic Calendar 4-1-4 (2 long terms separated by a month-long mini-term)
Overall Acceptance Rate 4%
Early Decision Acceptance Rate ED not offered
Early Action Acceptance Rate 5%
Applicants Submitting ACT scores 5%
Applicants Submitting SAT scores 70%
Tuition $57,590
Percent of Need Met 100%
Average First-Year Financial Aid Package $57,691

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

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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.

College Info

77 Massachusetts Avenue Cambridge, MA 02139-4307

Campus Setting: Urban

MIT Application Deadline

First-Year Applications are Due

Jan 1

Transfer Applications are Due

Mar 15

The deadline for Fall first-year applications to MIT is Jan 1.

The deadline for Fall transfer applications to MIT is Mar 15.

Check the school website for more information about deadlines for specific programs or special admissions programs

MIT ACT Scores

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ACT Range

34 - 36

Estimated Chance of Acceptance by ACT Score

ACT Score

Estimated Chance

36 and Above

Good

34 to 36

Avg

34 and Less

Low

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ACT Scores Needed to Get Accepted

The median ACT score of an admitted student to MIT is 35. Students with an ACT score of 36 and above have a good chance of getting into MIT. Students with an ACT score that falls between 34 and 36 have an average chance of getting admitted, and students with an ACT score of 34 or below have a low chance of being offered admission.

MIT SAT Scores

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Composite SAT Range

1510 - 1570

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Math SAT Range

780 - 800

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Reading SAT Range

730 - 780

Estimated Chance of Acceptance by SAT Score

SAT Score

Estimated Chance

1570 and Above

Good

1510 to 1570

Avg

1510 and Less

Low

SAT Scores Needed to Get Accepted

The median SAT score for MIT students is 1538. Applicants with SAT scores of 1570 and above have a good chance of being admitted to MIT, while applicants with SAT scores between 1510 to 1570 have an average chance of admittance, and prospective students with an SAT score below 1510 have a low chance of being offered a spot at MIT.

MIT Tuition & Fees

Tuition & Fees

$77,626

In State

$77,626

Out-of-State
Cost Breakdown
In State
Out-of-State
State Tuition
$57,590
$57,590
Fees
$396
$396
Housing
$18,790
$18,790
Books
$850
$850

Student Life

Wondering what life at MIT is like? There are approximately 11,934 students enrolled at MIT, including 4,638 undergraduate students and 7,296 graduate students. 99% percent of students attend school full-time, 8% percent are from MA and 92% percent of students are from other states.

99%

Full Time

1%

Part Time

8%

In State

92%

Out-of-State

Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved

Quick Facts

Total Enrollment

11,934

Campus Setting

Urban

Acceptance Rate

4%

Tuition and Fees

In State

$57,986

Out-of-State

$57,986

Fall Freshmen
Application Deadline

Jan 1
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