Massachusetts Institute of Technology
Cambridge, Massachusetts · City: MidsizeOfficial Website ↗
Scores based on IPEDS 2023–24 federal data. Methodology →
Massachusetts Institute of Technology is a private nonprofit four-year university located in Cambridge, Massachusetts. With 4,576 undergraduate students enrolled and an acceptance rate of 5%, the institution is considered most selective. Annual tuition is $59,750, significantly above average for private colleges. Families earning under $30,000 a year pay an average net price of $5,347 after grants and scholarships — making it one of the more affordable options in its category. The six-year graduation rate is 96%, which is excellent compared to the national average of 63%.
Average annual net price after grants & scholarships, by family income
The six-year graduation rate measures students who earn their degree within 150% of normal time (6 years for a 4-year program). It is the federal standard for comparing outcomes across institutions.
- ✓Very affordable for low-income families: avg net price is only $5,347/yr for households earning under $30K
- ✓Strong 6-year graduation rate of 96%, above the national average of 63%
- ✓Highly selective admissions (5% acceptance rate) — a signal of institutional prestige
- ✓Strong academic profile: SAT Math 25th percentile is 780
- ✓Competitive academic environment: ACT 25th percentile is 34
- ·Tuition ($59,750/yr) is above average — factor in aid eligibility
- ·Room and board costs ($20,270/yr) add significantly to the total cost of attendance
This college is a strong fit for academically high-achieving students looking for a competitive environment, students from low- and middle-income families who need an affordable option, and students who prioritize colleges with a strong record of graduate completion.
Net price is what you actually pay after grants and scholarships — not the sticker price. File the FAFSA every year to maximize your aid package.
All data sourced from the NCES IPEDS 2023–24 collection. Acceptance rates, test scores, and graduation rates reflect the most recent year reported. Scores are composite rankings calculated from five weighted dimensions.
Data notice: All figures are sourced from IPEDS 2023–24 federal data. Tuition, acceptance rates, and enrollment figures change annually. Always verify current information directly with the institution. Net price figures are averages and individual aid packages will vary. Composite scores and rankings are calculated by SchoolRankings.org and are not affiliated with U.S. News, Forbes, or any government agency.