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Massachusetts Institute of Technology

Cambridge, MA · Private nonprofit · Bachelor's degrees · City

A+

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About Massachusetts Institute of Technology

The Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts, United States. Founded in 1861 to advance "useful knowledge", the university has played a significant role in the development of many areas of technology and science. William Barton Rogers founded MIT to accelerate American industrialization through scientific knowledge. Initially funded by a federal land grant, the institute adopted a German polytechnic model emphasizing laboratory instruction in applied science and engineering, and moved from Boston's Back Bay to its current campus in Cambridge in 1916. Early growth came through research contracts with private industry, though the institute remained financially constrained and focused primarily on practical engineering education into the 1930s. MIT's transformation as a research enterprise began during World War II, when projects like the Radiation Laboratory made it the nation's largest non-industrial R&D contractor. Graduate enrollment and research funding grew rapidly in the postwar decades as faculty members such as Vannevar Bush helped shape federal support for basic science. In the late twentieth century, MIT became

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5%

Acceptance

$20,111

Net price

4,535

Enrollment

96%

Grad rate

Report Card

A+

Academics

Graduation & retention rates

A+

Value

Earnings vs. cost of attendance

A+

Career Outcomes

Graduate earnings after 10 years

B+

Affordability

Average net price after aid

A+

Selectivity

How hard it is to get in

A+

Diversity

Racial & ethnic balance of students

Grades are computed from official U.S. Department of Education metrics (graduation, cost, earnings, selectivity and student diversity).

Admissions

5%

Acceptance rate

1,560

SAT average

ACT midpoint

SAT Reading740780
SAT Math780800
ACT Composite3436

Bars show the middle 50% (25th–75th percentile) of admitted students.

Cost & Financial Aid

$20,111

Average net price

$62,396

In-state tuition

$62,396

Out-of-state tuition

$20,280

Room & board

$910

Books & supplies

$82,730

Total cost of attendance

19%

Students receiving Pell grants

7%

Students with federal loans

$14,768

Median student debt

Average net price by family income

$0–30K
$-2,533
$30–48K
$93
$48–75K
$1,480
$75–110K
$11,555
$110K+
$48,479

Net price is the average annual cost after grants and scholarships for federally-aided students.

Popular Majors

After Graduation

$143,372

Median earnings (10 yrs)

$131,633

Median earnings (6 yrs)

96%

Graduation rate

99%

Retention rate

95%

Earn more than a HS grad

$99,057

Instructional spend / student

Student Body

4,535

Total enrollment

1%

Part-time

19

Avg. age at entry

26%

First-generation

Gender balance

48% women
52% men

Race & ethnicity

Asian
35%
White
21%
Hispanic
14%
Black
8%
Two or more races
7%
American Indian / Alaska Native
0%

Massachusetts Institute of Technology FAQ

Is Massachusetts Institute of Technology a public or private school?

Massachusetts Institute of Technology is a private nonprofit institution located in Cambridge, MA.

What is the acceptance rate at Massachusetts Institute of Technology?

Massachusetts Institute of Technology has an acceptance rate of 5%, based on the latest U.S. Department of Education data.

How much does Massachusetts Institute of Technology cost?

The average annual net price at Massachusetts Institute of Technology is $20,111 — the typical cost after grants and scholarships for federally-aided students. Published tuition is $62,396.

What is the graduation rate at Massachusetts Institute of Technology?

About 96% of students at Massachusetts Institute of Technology complete their degree, according to federal completion data.

How much do Massachusetts Institute of Technology graduates earn?

Ten years after enrolling, Massachusetts Institute of Technology students earn a median of $143,372 per year.

What SAT or ACT scores do you need for Massachusetts Institute of Technology?

Admitted students at Massachusetts Institute of Technology have an average SAT score of 1,560. Requirements vary, so check the school's admissions office for the latest.

How many students attend Massachusetts Institute of Technology?

Massachusetts Institute of Technology enrolls about 4,535 students.

Campus

Campus photo via Wikimedia Commons — Fcb981, this edited version by Thermos · CC BY-SA 3.0. Additional images are representative.

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