MIT is a private nonprofit institution in Cambridge, Massachusetts, with an acceptance rate of 4% and in-state tuition of $57,986 per year.
Massachusetts Institute of Technology is one of the nation's most selective research universities located in Cambridge, Massachusetts. Founded in 1861, it is a private nonprofit institution with an enrollment of approximately 11,934 students. MIT is highly selective, admitting 4% of applicants, and boasts a 94% graduation rate. Graduates report exceptional median earnings of $115,000 ten years after enrollment.
4%
Acceptance Rate
$57,986
In-State Tuition
11,934
Enrollment
94%
Graduation Rate
1861
Founded
$115,000
Median Earnings
10 years after
Figures on this page are modeled estimates built from public BLS and NCES occupational and institutional categories, not official government reporting. Use them as directional guidance, not exact figures.
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Tuition & Costs
In-State Tuition$57,986
Out-of-State Tuition$57,986
Room & Board$18,800
Total Cost (In-State)$76,786
Total Cost (Out-of-State)$76,786
Student Outcomes
4%
Acceptance Rate
94%
Graduation Rate
98%
Retention Rate
$115,000
Median Earnings (10yr)
Top Programs
Computer Science
22%
Electrical Engineering
15%
Mechanical Engineering
12%
Frequently Asked Questions
What is MIT's acceptance rate?
Massachusetts Institute of Technology has an acceptance rate of 4%. Out of 26,914 applicants, approximately 1,077 are admitted.
How much does MIT cost?
In-state tuition is $57,986 per year. Out-of-state tuition is $57,986 per year. Room and board costs an additional $18,800.
What is the graduation rate at MIT?
Massachusetts Institute of Technology has a graduation rate of 94% and a freshman retention rate of 98%.
How much do MIT graduates earn?
The median earnings for MIT graduates 10 years after enrollment is $115,000 per year.