Massachusetts Institute of Technology
Cambridge, MA · Private nonprofit · Bachelor's degrees · City
Overall Grade
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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
Excerpt from Wikipedia, available under CC BY-SA.
5%
Acceptance
$20,111
Net price
4,535
Enrollment
96%
Grad rate
Report Card
Academics
Graduation & retention rates
Value
Earnings vs. cost of attendance
Career Outcomes
Graduate earnings after 10 years
Affordability
Average net price after aid
Selectivity
How hard it is to get in
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
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
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
Race & ethnicity
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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