mit education price

• Undergraduate Admissions Overview

Undergraduate Tuition & Aid

• Graduate Admissions Overview
• Graduate Tuition & Aid
• Enrollment Statistics
• Undergraduate Students
• Graduate Students
• Employees Overview
• Faculty & Instructional Staff
• Postdoctoral Scholars
• Alumni Overview
• MIT Alumni Association
• Awards & Honors
• Schools & College
• Degrees & Majors
• Academic & Campus Resources Overview
• MIT Libraries
• Information Technology and Computing on Campus
• Makerspaces
• Open Learning
• MIT Campus Overview
• Sustainability
• Arts at MIT
• Athletics & Recreation
• Fun & Culture
• Research at MIT
• Research Centers, Labs & Programs Overview
• Centers, Labs & Institutes
• Institute Initiatives
• Prominent Programs
• Key Local Collaborators
• Lincoln Laboratory
• MIT & Industry
• Innovation & Entrepreneurship
• MIT & the Community
• Resource Development
• Operating Financials
• Accreditation

Undergraduate Cost of Attendance

Tuition rates are set by the Academic Council each year in spring for the following academic year. The annual cost of attendance is the total amount we estimate it will cost a student to attend MIT for one year. We use this budget to determine financial aid for every student.

Cost of Attendance (Before Aid), 2023–2024

First-year admission: Class of 2027

• 26,914 applicants
• 1,291 (4.8%) admits

Financial Aid

The Institute’s undergraduate financial aid ensures that an MIT education is accessible to all qualified candidates regardless of their financial circumstances. MIT provides financial aid to meet the yearly cost of attendance based on a family’s demonstrated financial need. Financial need is the difference between the cost to attend MIT and a family’s ability to pay that amount.

Selected undergraduate financial aid statistics, 2022–2023

Median need-based MIT Scholarship

Students awarded a need-based MIT Scholarship

Students attending tuition-free due to MIT need-based aid

Class of 2023 graduates with no student loan debt

Average student loan debt for Class of 2023 graduates who borrowed

Median yearly earnings for those who worked

MIT is one of seven US universities that is need based and full need for all students—domestic and international. Need based means that MIT awards financial aid entirely based on a family’s financial circumstances. Full need means that we meet 100% of a family’s demonstrated need through scholarships, grants, and student employment. In the 2022–2023 academic year, the Institute awarded $152.3 million in MIT Scholarships, which are grants that do not need to be repaid. Students with family incomes under $ 140,000 (and typical assets) attend MIT tuition-free.

For more detailed information about financial aid and the cost of attendance, visit the SFS website

• Pre-registration
• Summer registration
• Fall registration
• Registration holds
• Add/drop/change
• Understanding your schedule
• Special student registration
• Instructions for Harvard students
• Converting Harvard credits to MIT units
• Translating Harvard grades to MIT grades
• Instructions for Wellesley students
• Other institutions
• General Institute Requirements
• HASS Exploration subjects
• HASS Concentration advisors
• Substitutions within the HASS Requirement
• First-year Essay Evaluation (FEE)
• Subject listing
• CI-H/HW subject selection
• Subject levels & credit
• Declaring a major
• Changing a major
• Double majors
• Declaring a minor
• Limited-enrollment waitlists
• Graduate requirements
• Progressing through MIT — the first year
• Progressing through MIT — beyond the first year
• Choosing to double major
• Transitioning to MIT
• VA education benefits
• Deployment and leave of absence
• Student veteran groups
• Additional resources for veterans
• Academic administrators & officers
• Transfer credit
• Leaves of absence & returns
• Registration load & light load
• Light load tuition
• Summer tuition subsidy
• Special student
• Sloan School of Management
• Visiting student
• Other programs with non-standard tuition
• Miscellaneous fees
• Summer proration
• Fall proration
• Spring proration
• Other degree dates & deadlines
• Undergraduate degree requirements
• Graduate degree requirements
• Ordering transcripts
• Express shipping
• Enrollment certifications
• Dean's certifications
• Apostille certifications
• Loan deferment letters
• Subject registration letters
• Paper diplomas
• Digital diploma verification
• Replacement diplomas
• Suppressing directory information
• Advisor access
• Heads of House access
• Address update
• Name changes
• Gender, legal sex & pronouns
• Other biographic information
• Voter registration
• Schedule of classes
• Class lists
• Prerequisite reports
• Request a final exam
• Conflict exams
• First year core exams
• Advanced Standing Examinations
• Listener status (auditing)
• First year grading
• Flexible P/NR Grading Option
• Graduate P/D/F Option
• Advanced Standing Exam grades
• Repeating a subject
• Incomplete work
• Changing a grade
• IAP grading
• Calculating GPA
• Giving constructive feedback
• Custom question guidelines
• 1 Preferences
• 2 Teaching Data
• 3 Question Management
• 4 Evaluate Subjects
• Report access & use of data
• History & oversight
• Rules for conducting classes
• Managing limited-enrollment subjects
• Managing CI-H/HW subjects
• Non-Registrar rooms
• Equipment policies
• Event registration
• Room & event resources
• Current projects
• Recent projects
• Advising resources
• Proposing a major
• Proposing a minor
• Proposing a graduate program
• Proposing a HASS subject
• Proposing a HASS Concentration
• Proposing a CI-H/HW subject
• Proposing a CI-M subject
• Cross-listed
• Equivalent with Scheduling Relationship (EQSR)
• School-wide elective
• Special subjects
• Subjects involving digital content
• Prerequisites & corequisites
• Calculating instructional units
• Style guide
• Naming a subject
• Title guidelines: special subjects
• Transcript titles: standard abbreviations
• Subject descriptions
• Catalog & schedule coordinators
• Funded projects
• How to apply
• Additional funding sources
• How to nominate
• Former Fellows
• Event archive
• About Margaret MacVicar
• Program supporters
• 1 Introduction
• 2 Subjects: General Issues
• 3 Subjects: GIR Subjects
• 4 Subjects: The Communication Requirement
• 5 Subjects: First-Year Advising Seminars
• 6 Subjects: ROTC Subjects
• 7 Subjects: IAP Subjects
• 8 Subjects: Enrollment Management
• 9 Guidelines for Preparing Subject Proposals
• 10 Curricula: Majors
• 11 Curricula: Minors
• 12 Petitions
• 13 CoC as Advisory Body to Registrar
• 14 Appendix: Excerpts from Rules and Regulations of the Faculty Regarding Degrees
• 15 Appendix: Excerpts from Rules and Regulations of the Faculty Regarding Grades
• 16 Appendix: Degree Programs - Table of Required Votes
• 17 Appendix: Guidelines for Subject Numbering
• Meeting schedule
• Institute Laboratory substitution
• Restricted Elective in Science and Technology (REST) substitution
• CUP reports

Tuition & fees

What you need to know.

Tuition for the upcoming academic year is announced in March by the MIT Corporation and based on a recommendation from Academic Council. Your tuition depends on your registration load . As the steward of your registration, the Registrar’s Office assesses tuition.

Some key points to remember:

• Payment of full tuition in the fall or spring terms also covers subjects taken for academic credit during the Independent Activities Period (IAP) in January.
• There are a number of miscellaneous fees associated with registration.
• If you need assistance with your MITPay Student Account, please contact your customer service counselor at Student Financial Services (SFS).
• For more detailed information regarding the cost of attendance for the 2024–2025 academic year including tuition and fees; books and supplies; and housing, food, and transportation; please visit the undergraduate and graduate pages on the SFS website.

Tuition information by academic year

To download summary reports of tuition by academic year, please select from the menu below.

• 2020-2021 (revised)

Suggestions or feedback?

MIT News | Massachusetts Institute of Technology

• Machine learning
• Social justice
• Black holes
• Classes and programs

Departments

• Aeronautics and Astronautics
• Brain and Cognitive Sciences
• Architecture
• Political Science
• Mechanical Engineering

Centers, Labs, & Programs

• Abdul Latif Jameel Poverty Action Lab (J-PAL)
• Picower Institute for Learning and Memory
• Lincoln Laboratory
• School of Architecture + Planning
• School of Engineering
• School of Humanities, Arts, and Social Sciences
• Sloan School of Management
• School of Science
• MIT Schwarzman College of Computing

MIT announces financial aid and tuition rates for the 2023–24 academic year

Press contact :.

Previous image Next image

MIT’s commitment to undergraduate financial aid will remain strong for the 2023-24 academic year, increasing to an estimated budget of $164.1 million. The increase will offset a 3.75 percent rise in tuition and changes in housing, dining, and other estimated costs. The estimated average MIT scholarship for students receiving financial aid next year is $61,247.

“We are pleased to couple expanded financial aid with changes in the costs of attendance that are substantially less than the impact of inflation on MIT,” says Ian A. Waitz, vice chancellor for undergraduate and graduate education and the Jerome C. Hunsaker Professor of Aeronautics and Astronautics. “We are also keenly aware that many students and their families have had to manage rising inflation in the U.S and elsewhere, and may still be feeling the aftereffects of the pandemic.”

The 2023-24 undergraduate financial aid program will continue prior enhancements, including making MIT tuition-free for families who have typical assets and whose incomes are below $140,000 (previously set at $90,000), and providing additional financial aid dollars that will reduce the amount paid by most families.

Last year, more than 37 percent of MIT undergraduates received aid sufficient to allow them to attend the Institute tuition-free. MIT is one of only seven U.S. colleges with a fully need-blind undergraduate admissions policy that meets the full financial need of all students, and it continues to be focused on making the cost of an MIT education more affordable.

“In addition to these admissions and financial aid policies, MIT gives no advantage to legacy applicants, making us in a class of our own,” adds Waitz.

While the Institute’s financial aid program primarily supports students from lower- and middle-income households, even families earning more than $250,000 may qualify for financial aid based on their circumstances, such as if two or more children are in college at the same time.

About 58 percent of MIT’s undergraduates receive need-based financial aid from the Institute, and about 19 percent receive federal Pell Grants, which generally go to U.S. students with family incomes below $60,000. MIT treats the Pell Grant in a unique way to further support low-income students. Unlike most other colleges and universities, MIT allows students to use the Pell Grant to offset what they are expected to contribute through work during the semester and the summer. MIT also recently changed its financial aid policies to provide more support for U.S. veterans and veterans’ dependents.

For undergraduates not receiving any need-based financial aid, tuition and fees will be $60,156 for the 2023-24 academic year. Including housing and dining costs, the total cost of attendance will come to $82,730 (based upon residing in a Tier 1 double room for the year, being on a full meal plan, and taking into account books and estimated personal expenses). Expenses may vary depending upon a student’s choices.

The 3.6 percent increase in the total cost of attendance represents less than half of the increased costs that MIT is experiencing, due to inflationary pressures, in providing a world-class education.

In 2022, 85 percent of MIT seniors graduated with no debt; of those who did assume debt to finance their education, the median indebtedness at graduation was $14,200. Furthermore, graduating MIT students report some of the highest starting salaries across a range of industries relative to their peers.

“We strive to ensure that any student who attends MIT can focus on all the amazing opportunities the Institute offers,” Waitz says. “That’s why investing in financial aid is so essential. It opens the door to all-around fantastic academic offerings as well as life-changing experiences such as UROPs, MISTI, athletics, clubs, and so much more. MIT’s financial aid program helps to set the stage for all MIT does to provide a whole student education.”

For more detailed information regarding the cost of attendance, including specific costs for tuition and fees, books and supplies, housing and food, as well as transportation, please  visit the Student Financial Services website .

Share this news article on:

Related links.

• MIT Admissions
• MIT Student Financial Services

Related Topics

• Vice Chancellor
• Undergraduate
• School of Architecture and Planning
• School of Humanities Arts and Social Sciences
• MIT Sloan School of Management

Related Articles

MIT announces increase to undergraduate financial aid for 2022–23 academic year

MIT keeps a firm commitment to undergraduate student support for 2021-2022

MIT continues its commitment to undergraduate student support

Previous item Next item

More MIT News

A new strategy to cope with emotional stress

Read full story →

Study: Weaker ocean circulation could enhance CO2 buildup in the atmosphere

MIT researchers introduce generative AI for databases

MIT engineers find a way to protect microbes from extreme conditions

Studying astrophysically relevant plasma physics

What is language for?

• More news on MIT News homepage →

Massachusetts Institute of Technology 77 Massachusetts Avenue, Cambridge, MA, USA

• Map (opens in new window)
• Events (opens in new window)
• People (opens in new window)
• Careers (opens in new window)
• Accessibility
• Social Media Hub
• MIT on Facebook
• MIT on YouTube
• MIT on Instagram

Cost & affordability: Estimate your cost

Find out what it will cost to attend MIT with one of our cost calculators.

MyinTuition Quick College Cost Estimator

The Quick College Cost Estimator provides a quick estimate based on six questions. For a more in-depth review and to determine Pell eligibility you will need to use the Net Price Calculator.

Net Price Calculator

The Net Price Calculator is a tool designed by the College Board to help you assess what your eligibility for financial aid might be and estimate your out-of-pocket expenses. The Net Price Calculator will give you an estimate of your net cost and aid eligibility, but your ultimate financial aid package will be determined by the MIT financial aid office. 

Completing the calculator should take no more than 20 minutes of your time. You will need to answer some basic questions about your family’s financial situation, so it might be helpful to have recent tax forms or pay stubs on hand before you begin.

Things to note

Both tools are designed for first-time, full-time students. They will not be accurate for international students or federally independent students.

Results may be less accurate for families who are divorced or separated, and families who have ownership in a business. Special circumstances are considered on a case-by-case basis once you apply for financial aid.

Other financial aid tools, resources, and calculators can be found on the College Board’s  Big Future website .

Paying for Massachusetts Institute of Technology

• Tuition Trends
• Financial Aid
• Massachusetts Tuition
• Request Info
• Save School

2023 Tuition & fees

$60,156 3.74%, $63,393 3.80%.

The 2024 tuition & fees of Massachusetts Institute of Technology is $60,156 for first-year students and the 2024 graduate school tuition & fees is $63,393. Its undergraduate tuition & fees is around the average amount for similar schools' tuition of $63,609.

77% of enrolled undergraduate students have received grants or scholarships and the average aid amount is $44,422. It could cover 73.84% of full tuition amount.

After receiving the financial aid, the net price (COA) is $38,308 including tuition, fees, books & supplies costs, and living costs.

MIT's 4-year tuition is $257,863, based on current tuition and change rate. The estimated 4-year COA including living costs and personal expenses is $357,428.

Undergraduate Program Tuition & Fees

For the academic year 2023-2024, the undergraduate tuition & fees at Massachusetts Institute of Technology is $60,156. The 2024 undergraduate tuition has been risen by 3.74% compared to the previous year. Its undergraduate tuition & fees is around the average amount for similar schools' tuition of $63,609.

The 2025 estimated undergraduate tuition & fees is $62,407 , a 3.7% increase compared to 2024's rate.

Graduate Program Tuition & Fees

For graduate programs, 2024 tuition & fees is $63,393. The graduate tuition has been risen by 3.80% compared to the previous year. Its graduate tuition & fees is a little bit higher than the average amount for similar schools' tuition of $53,574.

The estimated graduate school tuition & fees is $65,799 for the academic year 2024-2025 , a 3.8% increase compared to 2024's rate.

Cost of Attendance with Living Costs and Books & Supplies

The living costs including for room, board, transpiration, and other personal expenses is $21,694 when a student live on a campus housing facilities for year 2024. The on-campus living costs increased by 3.24% compared to the previous year.

The MIT's 2024 COA is $82,730 for on-campus living.

MIT Tuition Charts

The following charts visualize tuition, fees, living costs, and other expenses at MIT. You can enlarge the chart to view detailed information.

4-Years Costs of Attendance

• Tuition & Fees
• After Financial Aid

How Much is the tuition for 4 years at MIT?

For the entering class 2024, the estimated tuition for 4 years at MIT is $257,863.

The estimation excludes the book, supplies, and living costs before receiving any financial aid. See the other tabs for estimating 4-year total costs of attendance and after financial aid. The next table shows the estimated 4-years tuition & fees for the next 5 admission years. The estimation is based on 4-years changes in tuition & fees at the school.

COA including Books, Living Costs and Personal Expenses

The table shows the 4-years estimation of total costs of attendance (COA). It includes the tuition & fees, books & supplies costs, room & board charges, and other living expenses.

For the students who were admitted in Fall 2024, the estimated 4-years COA is $357,428.

Actual COA after Receiving Financial Aid

Last year, 77% of enrolled undergraduate students have received grants or scholarship aid. It includes any financial aid from the federal government, state, local, institute, and other sources known by the institution. It excludes federal/private student loans.

After receiving the financial aid, the net price for 4 years of attending the school is $179,740.

Compare Tuition with Similar Colleges

The following table compares tuition & fees between Massachusetts Institute of Technology and its similar schools. Similar schools are selected in consideration of institutional characteristics such as school type, level, and location. It includes schools that have academic and sports rivals with MIT.

• Search Search Please fill out this field.
• Student Loans
• Saving for College

What Does MIT Cost?

Daniel has 10+ years of experience reporting on investments and personal finance for outlets like AARP Bulletin and Exceptional magazine, in addition to being a column writer for Fatherly.

The cost of a four-year education at most private universities is enough to make just about any student blanch. But the Massachusetts Institute of Technology is proof that some of the schools with the highest price tag also represent a tremendous value.

For the 2021-2022 academic year, the average cost of tuition and fees at MIT, located just outside of Boston, was $55,510. Add in room and board and other fees, and the price tag reaches $77,020 annually.

While those numbers look scary at first glance, it’s important to consider what students get in return. Ranked No. 4 among national universities by U.S. News & World Report as of June 2021, MIT is widely regarded as one of the finest institutes of higher learning in the world.

Key Takeaways

• Ranked fourth among U.S. universities by U.S. News & World Report, the Massachusetts Institute of Technology (MIT) is especially known for its science, math, and engineering programs.
• For the 2021-2022 school year, the cost of tuition at MIT was $55,510 annually; when you add in room and board, the cost of attending the school rises to $77,020 annually.
• Having an MIT diploma usually correlates with a high salary, according to research firm PayScale, with the average professional seeing an early career salary of $93,700.

Perhaps best known for its superb science, math, and engineering, the illustrious school also offers business and economics programs that are among the most prestigious in the country. It also offers much more personal interaction than many universities, with a desirable 3:1 student-faculty ratio.

In other words, the university’s sticker price might be on par with the expensive Ivy League schools it competes against, but it certainly holds its own academically.

The combination of a superlative education program and the school's concentration on the sciences and related fields makes it no surprise that alumni typically enjoy great starting salaries once they graduate. According to the salary research firm PayScale, the average professional with an MIT diploma can expect an early-career salary of $93,700. Even with its hefty tuition costs, PayScale puts MIT at No. 1 among private U.S. colleges in terms of return on investment .

Even by private school standards, MIT’s base tuition cost is steep, but when you factor in the school’s generous financial aid and the future earning potential of its graduates, it could be seen as a very good deal.

Financial Aid

When looking at MIT’s tuition cost, it’s also worth considering the substantial financial aid that it doles out each year. It doesn’t hurt that the school, which educates more than 11,500 undergraduate and grad students, has an endowment of more than $18 billion, as of September 2020, from which it can draw.

The admissions process is need-blind, and 59% of its students receive an income-based MIT scholarship, as of March 2020. That means the average cost for a year's education—including tuition, fees, books, and housing—is a more modest $23,442.

MIT is especially helpful to families making less than $90,000 a year. Consequently, 31% of the student body attends tuition-free. So if you’re on the lower end of the economic spectrum but demonstrate excellent academic potential, don’t assume that an MIT education is out of reach. 

Here’s another important measure of the school’s financial aid: The average graduate has substantially less student-loan debt than the national average. Twenty-four percent of MIT’s alumni have loans, with an average balance of $23,226 at graduation, for 2020. By contrast, the average debt load across the country was $28,950 in 2019, according to the Institute for College Access & Success.

Over 100 private U.S. colleges and universities charge at least $50,000 per year in tuition costs, according to the annual report from U.S. News, which surveyed 876 private schools.

How to Qualify

To qualify for assistance, MIT’s financial services department requires a completed FAFSA as well as the CSS/Financial Aid PROFILE . In most cases, parents will have to submit their most recent tax returns as well as any W2 forms to obtain consideration.

International students are also eligible for aid in the form of scholarships, loans, and work-study opportunities. However, unlike U.S. students, they can skip the FAFSA and submit only a CSS PROFILE and tax returns, if applicable.

Massachusetts Institute of Technology Student Financial Services. " Cost of Attendance ."

U.S. News & World Report. " Massachusetts Institute of Technology ."

Payscale. " Salaries for Massachusetts Institute of Technology (MIT) Graduates ."

Massachusetts Institute of Technology Admissions. " What Is the Faculty/Student Ratio ?"

Payscale. " Best Value Colleges ."

Massachusetts Institute of Technology. " MIT Releases Financials and Endowment Figures for 2020 ."

Massachusetts Institute of Technology. " MIT Facts-Enrollments 2019-2020 ."

Massachusetts Institute of Technology. " MIT Continues its Commitment to Undergraduate Student Support ."

Massachusetts Institute of Technology. " Tuition and Financial Aid ."

The Institute For College Access & Success. " Our Work-Project on Student Debt ."

U.S. News & World Report. " 10 Most, Least Expensive Private Colleges ."

Massachusetts Institute of Technology. " MIT Course Catalog Bulletin 2020-2021:Undergraduate Education ."

Federal Student Aid. " You Know You Have to Fill Out the Free Application For Federal Student Aid (FAFSA) Form, But Maybe You're Not Sure What To Do ."

Massachusetts Institute of Technology-Student Financial Services. " International Students ."

Compare Personal Loan Rates with Our Partners at Fiona.com

• Terms of Service
• Editorial Policy
• Privacy Policy
• Your Privacy Choices

• Skip to Content
• Bulletin Home

• This Is MIT >
• Graduate Education >
• Around Campus
• Academic Program
• Administration
• Arts at MIT
• Campus Media
• Fraternities, Sororities, and Independent Living Groups
• Medical Services
• Priscilla King Gray Public Service Center
• Religious Organizations
• Student Government
• Work/​Life and Family Resources
• Advising and Support
• Digital Learning
• Disability and Access Services
• Information Systems and Technology
• Student Financial Services
• Writing and Communication Center
• Major Course of Study
• General Institute Requirements
• Independent Activites Period
• Undergraduate Research Opportunities Program
• First-​Year Advising Seminars
• Interphase EDGE/​x
• Edgerton Center
• Grading Options
• Study at Other Universities
• Internships Abroad
• Career Advising and Professional Development
• Teacher Licensure and Education
• ROTC Programs
• Financial Aid
• Medical Requirements
• Graduate Study at MIT
• General Degree Requirements
• Other Institutions
• Registration
• Term Regulations and Examination Policies
• Academic Performance and Grades
• Policies and Procedures
• Privacy of Student Records
• Abdul Latif Jameel Poverty Action Lab
• Art, Culture, and Technology Program
• Broad Institute of MIT and Harvard
• Center for Archaeological Materials
• Center for Bits and Atoms
• Center for Clinical and Translational Research
• Center for Collective Intelligence
• Center for Computational Science and Engineering
• Center for Constructive Communication
• Center for Energy and Environmental Policy Research
• Center for Environmental Health Sciences
• Center for Global Change Science
• Center for International Studies
• Center for Real Estate
• Center for Transportation &​ Logistics
• Computer Science and Artificial Intelligence Laboratory
• Concrete Sustainability Hub
• D-​Lab
• Deshpande Center for Technological Innovation
• Division of Comparative Medicine
• Haystack Observatory
• Initiative on the Digital Economy
• Institute for Medical Engineering and Science
• Institute for Soldier Nanotechnologies
• Institute for Work and Employment Research
• Internet Policy Research Initiative
• Joint Program on the Science and Policy of Global Change
• Knight Science Journalism Program
• Koch Institute for Integrative Cancer Research
• Laboratory for Financial Engineering
• Laboratory for Information and Decision Systems
• Laboratory for Manufacturing and Productivity
• Laboratory for Nuclear Science
• Legatum Center for Development and Entrepreneurship
• Lincoln Laboratory
• Martin Trust Center for MIT Entrepreneurship
• Materials Research Laboratory
• McGovern Institute for Brain Research
• Microsystems Technology Laboratories
• MIT Center for Art, Science &​ Technology
• MIT Energy Initiative
• MIT Environmental Solutions Initiative
• MIT Kavli Institute for Astrophysics and Space Research
• MIT Media Lab
• MIT Office of Innovation
• MIT Open Learning
• MIT Portugal Program
• MIT Professional Education
• MIT Sea Grant College Program
• Nuclear Reactor Laboratory
• Operations Research Center
• Picower Institute for Learning and Memory
• Plasma Science and Fusion Center
• Research Laboratory of Electronics
• Simons Center for the Social Brain
• Singapore-​MIT Alliance for Research and Technology Centre
• Sociotechnical Systems Research Center
• Whitehead Institute for Biomedical Research
• Women's and Gender Studies Program
• Architecture (Course 4)
• Art and Design (Course 4-​B)
• Art, Culture, and Technology (SM)
• Media Arts and Sciences
• Planning (Course 11)
• Urban Science and Planning with Computer Science (Course 11-​6)
• Aerospace Engineering (Course 16)
• Engineering (Course 16-​ENG)
• Biological Engineering (Course 20)
• Chemical Engineering (Course 10)
• Chemical-​Biological Engineering (Course 10-​B)
• Chemical Engineering (Course 10-​C)
• Engineering (Course 10-​ENG)
• Engineering (Course 1-​ENG)
• Electrical Engineering and Computer Science (Course 6-​2)
• Electrical Science and Engineering (Course 6-​1)
• Computation and Cognition (Course 6-​9)
• Computer Science and Engineering (Course 6-​3)
• Computer Science and Molecular Biology (Course 6-​7)
• Electrical Engineering and Computer Science (MEng)
• Computer Science and Molecular Biology (MEng)
• Health Sciences and Technology
• Archaeology and Materials (Course 3-​C)
• Materials Science and Engineering (Course 3)
• Materials Science and Engineering (Course 3-​A)
• Materials Science and Engineering (PhD)
• Mechanical Engineering (Course 2)
• Mechanical and Ocean Engineering (Course 2-​OE)
• Engineering (Course 2-​A)
• Nuclear Science and Engineering (Course 22)
• Engineering (Course 22-​ENG)
• Anthropology (Course 21A)
• Comparative Media Studies (CMS)
• Writing (Course 21W)
• Economics (Course 14-​1)
• Mathematical Economics (Course 14-​2)
• Data, Economics, and Design of Policy (MASc)
• Economics (PhD)
• Global Studies and Languages (Course 21G)
• History (Course 21H)
• Linguistics and Philosophy (Course 24-​2)
• Philosophy (Course 24-​1)
• Linguistics (SM)
• Literature (Course 21L)
• Music (Course 21M-​1)
• Theater Arts (Course 21M-​2)
• Political Science (Course 17)
• Science, Technology, and Society/​Second Major (STS)
• Business Analytics (Course 15-​2)
• Finance (Course 15-​3)
• Management (Course 15-​1)
• Biology (Course 7)
• Chemistry and Biology (Course 5-​7)
• Brain and Cognitive Sciences (Course 9)
• Chemistry (Course 5)
• Earth, Atmospheric and Planetary Sciences (Course 12)
• Mathematics (Course 18)
• Mathematics with Computer Science (Course 18-​C)
• Physics (Course 8)
• Department of Electrical Engineering and Computer Science
• Institute for Data, Systems, and Society
• Chemistry and Biology
• Climate System Science and Engineering
• Computation and Cognition
• Computer Science and Molecular Biology
• Computer Science, Economics, and Data Science
• Humanities and Engineering
• Humanities and Science
• Urban Science and Planning with Computer Science
• African and African Diaspora Studies
• American Studies
• Ancient and Medieval Studies
• Applied International Studies
• Asian and Asian Diaspora Studies
• Biomedical Engineering
• Energy Studies
• Entrepreneurship and Innovation
• Environment and Sustainability
• Latin American and Latino/​a Studies
• Middle Eastern Studies
• Polymers and Soft Matter
• Public Policy
• Russian and Eurasian Studies
• Statistics and Data Science
• Women's and Gender Studies
• Advanced Urbanism
• Computational and Systems Biology
• Computational Science and Engineering
• Design and Management (IDM &​ SDM)
• Joint Program with Woods Hole Oceanographic Institution
• Leaders for Global Operations
• Microbiology
• Music Technology and Computation
• Operations Research
• Real Estate Development
• Social and Engineering Systems
• Supply Chain Management
• Technology and Policy
• Transportation
• School of Architecture and Planning
• School of Engineering
• Aeronautics and Astronautics Fields (PhD)
• Artificial Intelligence and Decision Making (Course 6-​4)
• Biological Engineering (PhD)
• Nuclear Science and Engineering (PhD)
• School of Humanities, Arts, and Social Sciences
• Humanities (Course 21)
• Humanities and Engineering (Course 21E)
• Humanities and Science (Course 21S)
• Sloan School of Management
• School of Science
• Brain and Cognitive Sciences (PhD)
• Earth, Atmospheric and Planetary Sciences Fields (PhD)
• Interdisciplinary Programs (SB)
• Climate System Science and Engineering (Course 1-​12)
• Computer Science, Economics, and Data Science (Course 6-​14)
• Interdisciplinary Programs (Graduate)
• Computation and Cognition (MEng)
• Computational Science and Engineering (SM)
• Computational Science and Engineering (PhD)
• Computer Science, Economics, and Data Science (MEng)
• Leaders for Global Operations (MBA/​SM and SM)
• Music Technology and Computation (SM and MASc)
• Real Estate Development (SM)
• Statistics (PhD)
• Supply Chain Management (MEng and MASc)
• Technology and Policy (SM)
• Transportation (SM)
• Aeronautics and Astronautics (Course 16)
• Aerospace Studies (AS)
• Civil and Environmental Engineering (Course 1)
• Comparative Media Studies /​ Writing (CMS)
• Comparative Media Studies /​ Writing (Course 21W)
• Computational and Systems Biology (CSB)
• Computational Science and Engineering (CSE)
• Concourse (CC)
• Data, Systems, and Society (IDS)
• Earth, Atmospheric, and Planetary Sciences (Course 12)
• Economics (Course 14)
• Edgerton Center (EC)
• Electrical Engineering and Computer Science (Course 6)
• Engineering Management (EM)
• Experimental Study Group (ES)
• Global Languages (Course 21G)
• Health Sciences and Technology (HST)
• Linguistics and Philosophy (Course 24)
• Management (Course 15)
• Media Arts and Sciences (MAS)
• Military Science (MS)
• Music and Theater Arts (Course 21M)
• Naval Science (NS)
• Science, Technology, and Society (STS)
• Special Programs
• Supply Chain Management (SCM)
• Urban Studies and Planning (Course 11)
• Women's and Gender Studies (WGS)

Cooperative and Practice-School Programs

Summer tuition subsidy, mit sloan school of management tuition, other programs with non-standard tuition, special student tuition.

Visiting Student Fees

The table below reflects standard graduate tuition rates for the 2023–2024 academic year (which are reviewed and likely to increase next year). Graduate programs in the MIT Sloan School of Management have their own tuition rates . Certain other graduate programs, such as the Real Estate Development master's program and the master's programs in Supply Chain Management, also employ “non-standard” tuition .  Special students and  visiting students  should refer to the tuition and fee information specific to them.

If the student was registered for thesis as a resident student in the immediately preceding term, regular or summer, tuition for thesis will be adjusted after acceptance by the department of the completed document on the basis of a charge of $2,485 per week from the starting date of the term, with a minimum of $2,485 for the master's or engineer's degree and $4,965 for the doctoral degree. If the immediately preceding term was the summer term and if the graduate student was not registered for thesis in that summer term, but was registered for thesis in residence in the previous second term, the minimum tuition for thesis is $14,940.

Key points:

• Tuition for thesis students is based on registration and residency status. The Registrar’s Office provides further tuition information by academic year .
• Resident graduate students making progress toward a degree are expected to register as and are considered full-time students. Tuition is prorated if a student withdraws early.
• A student who continues to hold a fellowship, traineeship, or graduate staff appointment for the remainder of the term after delivery of the thesis is still considered a full-time student and tuition will not be adjusted. In unusual circumstances, the Office of Graduate Education may set special tuition rates for graduate students.
• Students in approved programs registering for thesis work or other approved research subjects in the summer are eligible for a  summer tuition subsidy .
• Students who are permitted to undertake nonresident thesis research must register as nonresident doctoral candidates. Following completion of the nonresident period, the student must return to resident status for completion and presentation of the doctoral thesis. If the student requires only part of this first term back in residence to complete the thesis, the tuition will be adjusted subject to a minimum of $14,940. Consult Graduate Policies and Procedures for additional information on nonresident status . The minimum term tuition charge for registration for doctoral thesis upon readmission as a resident student is $44,815 if not registered during the preceding regular term.

The tuition for all regular graduate students, including fellows, trainees, and academic staff in the 2023 summer session was $20,640.

• A number of miscellaneous fees may apply each term, unrelated to tuition.

For more detailed information regarding the cost of attendance, including specific costs for tuition and fees, books and supplies, housing and food as well as transportation, please  visit the SFS website .

Cooperative and practice-school programs offered by MIT provide industrial and research experience through a series of work assignments interwoven with regular study at the Institute. The tuition fees for these programs are the same as those for regular graduate students.

Cooperative and practice-school program tuition, per term, fall and spring, 2023–2024

Graduate students who are enrolled in a research degree program and who are not taking subjects are eligible to have their summer tuition subsidized from Institute general funds. The subsidy applies to new or continuing graduate students in normal resident status during the preceding spring term, and who are only registered for thesis or pre-thesis research credit during the summer session.

• Graduate students who register for other summer subjects will be charged tuition on a per unit basis up to the maximum tuition. This tuition may not be charged to research grants.
• Students registering for summer internship subjects are not eligible and will be charged the per unit rate, up to a maximum of four units.

Full details on the Summer Tuition Subsidy [PDF] are available online. Email the Registrar’s Office with questions about the subjects that currently qualify as thesis or pre-thesis in each department.

Graduate students who are enrolled in a research program, and who are not taking courses, will have their summer tuition subsidized (that is, paid from other Institute resources).

MIT Sloan master's programs, annual tuition rate (unless otherwise noted), 2023–2024

Certain other graduate programs have non-standard tuition rates.

Tuition for non-standard programs, 2023–2024

Special students are non-degree students who are taking classes at MIT for personal or professional reasons.

• Graduate special students, including Sloan students, should contact the Advanced Study Program for information about admission and tuition rates.
• There are additional miscellaneous fees associated with registering at MIT.

  Visiting Student Fees

Students who are pursuing a degree at an institution of higher education other than MIT and have been invited by faculty in an MIT department, laboratory, or center to do research here may apply for visiting student status. Current regular or special MIT students, or MIT students who have withdrawn or are on a leave of absence, are not eligible.

Visiting students are subject to a monthly fee that includes registration, MIT's Student Health Insurance Plan (SHIP) , and student life fees. The fee entitles visiting students to conduct research, use our fitness facilities, participate in student life programming, and have access to care at MIT Health. Full monthly fees are charged regardless of whether the student starts on the first or the 15th of the month. The total fee for the duration of their stay must be paid in full and in advance. Additional costs will be applied for those who wish to enroll family members in SHIP.

Visiting student fees, 2023–2024

  Withdrawal

A student withdrawing before the start of a term is not charged any tuition for that term and any tuition payments previously made for that term will be refunded. Students withdrawing during the fall or spring term are charged one-twelfth of the stated tuition for the term for each week from the starting date of the term, with a minimum two-week charge. A student must pay full tuition and fees at the beginning of the term. Any subsequent reduction in fees is based on the date that cancellation of a subject or withdrawal from the Institute is effected. At that time, any excess payments which the student has made will be refunded.

All students pay a student life fee each term. Late registration or applications may result in additional fees. See the Academic Calendar for relevant dates and deadlines.

Miscellaneous student fees*, 2023–2024

Processing Charges for Late Changes in Registration

A late change in registration , which requires a petition to the Office of Graduate Education, is defined as adding a subject after the fifth week or dropping a subject during the last three weeks of a term. The processing charge for late changes is $50. There is an additional charge of $50 for a retroactive change after the end of the term.

Payment of tuition entitles all regular and special students to receive many health care services at MIT Health at no charge. The MIT Student Health Insurance Plan (SHIP) covers hospitalization due to accidents or illness, along with other services and prescription medications, and meets the state’s requirement for comprehensive health insurance.

Enrollment in MIT SHIP is automatic for full-time students, unless they can demonstrate that they have comparable coverage through another insurance program, in which case they may submit an online request to waive coverage . Complete details on MIT SHIP are available on the MIT Medical website.

MIT Student Health Insurance Plan, cost per year for single student, 2023–2024

Updated rates for the MIT Student Insurance Plan can be found on the MIT Health website. Students can also purchase MIT SHIP coverage for family members, including partners and dependents. Refer to the Medical Requirements section for additional details or read more about the MIT Student Health Insurance Plan .

Graduate Payment of Tuition and Other Charges

An individual who registers as a student at MIT agrees to pay all charges on their account when due, and acknowledges that the Institute may charge a hold fee, suspend registration, revoke Institute services, and withhold the degree if these charges are not paid.

Student Financial Services (SFS)  gathers, bills, and collects student charges and provides a student account statement of all activity. These charges originate in the offices from which the student receives Institute services. SFS bills by posting a monthly billing statement on MITPay —MIT's secure, online billing and payment system. The statement is posted on the 10th of the month and SFS sends students a monthly email reminder to check the statement and pay any balance due. The statement includes charges (e.g., tuition, fees, housing, and library fees), payments (financial aid, tuition awards), additional amounts due, and payment deadlines.

Payment in full or a satisfactory arrangement for payment is due by August 1 for the fall term and by January 1 for the spring term. New charges that occur after the initial statement will appear on a subsequent statement. If a student anticipates that they may not be able to pay the entire amount due by the term bill due date, they should consider the MIT Monthly Payment Plan.

The MIT Monthly Payment Plan allows students to pay their balance in monthly installments interest-free. The terms and conditions of the monthly payment plan are available on the SFS website. Enrollment can be accessed through MITPay.

SFS also offers information on  federal student loan programs  as additional options for eligible U.S. citizens and permanent residents.

A student who does not pay the balance due or make satisfactory arrangements for doing so will have a registration or degree hold placed, as well as being charged a hold fee of $100. The balance due, including the hold fee, must be paid in full before the hold can be released.

Notifications to Graduate Students with Unpaid Balances

In the fifth week of the term, SFS will reach out to graduate students who have an unpaid balance on their student account and who have not made satisfactory arrangements for payment of the balance. These students will be notified of MIT’s financial hold policy through the billing system as well as by email. SFS will send out a second reminder email and billing notification after the 11th week of the term, again notifying students of MIT’s financial hold policy.

Policy on Graduate Student Financial Holds and Other Actions

Graduate students who have not paid their prior term balances or made satisfactory arrangements to resolve their financial situation will not be allowed to register for subsequent terms, will not receive credit retroactively, will be charged a $100 hold fee, and may be restricted from Institute services. The student account must be paid in full before a degree can be awarded.

Student accounts unpaid after the student has left MIT for any reason may be reported to credit bureau agencies and/or sent to an outside collection agency and assessed additional fees on the outstanding balance. Please visit the  SFS website  for more information and to review the  Student Financial Responsibility Statement .

Print this page.

The PDF includes all information on this page and its related tabs. Subject (course) information includes any changes approved for the current academic year.

• Massachusetts
• Massachusetts Institute of Technology

MIT Tuition & Cost

Cambridge, Massachusetts

  2 Reviews

How much does it cost to attend?

Sticker price.

Annual Tuition & Costs

The annual tuition to attend Massachusetts Institute of Technology is $57,590. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $18,790. For educational materials, students should allocate approximately $850 for books and supplies plus $396 for other fees charged by the school. Finally, students should budget $2,224 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Massachusetts Institute of Technology on a full-time basis is $79,850 per annum.

Housing Costs

On campus room and board is provided by the school at a cost of $18,790 per academic year. Students electing to live off campus elsewhere in Cambridge should budget at least this amount.

Books and Supplies

The estimated annual cost for books and educational supplies is $850.

Other Living Expenses

If living on-campus, students should budget for $2,224 in additional living expenses. Off-campus students should budget for $2,224 in other miscellaneous living expenses.

The average reported annual net price for Massachusetts Institute of Technology for students receiving grants or scholarship aid was $20,232* in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses.

Average Net Price 2019/2020

Below is the average net price by student family income.

The net price provides a more realistic estimate of the true cost of attending Massachusetts Institute of Technology, once common grants and scholarships have been taken into account. It's important to note that your net price will fluctuate based on factors such as family income, assets and individual financial need. Net price is the out-of-pocket total cost that students end up paying or financing though student loans.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Financial Aid

71% of full-time undergrad Massachusetts Institute of Technology received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $45,591 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back.

Pell Grants

18 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $5,290. To apply for a Pell Grant to attend Massachusetts Institute of Technology, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Student Loans

6% of students received Federal Student Loans averaging $5,284 and 1% of undergrads took out private student loans averaging $42,837.

Financial Aid Mix - $79,850 Total Cost

CollegeSimply has modeled example payment coverage for the annual tuition and living expenses of $79,850. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

Grants and Scholarships

Money granted to you by the U.S. Department of Education, Massachusetts Institute of Technology or other organizations. These are not loans and do not need to be repaid.

Federal Student Loans

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket Cost

Covered by family savings, work or private student loans which you will have to repay.

To gauge a more realistic picture of what it really could cost you out of pocket to go to Massachusetts Institute of Technology, we've modeled a ten year student loan with an original principal value of $80,928. The loan balance of $80,928 is a four year multiple of the $20,232 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $878 could be required to pay off your student loan. The total of all payments including interest would sum $105,393.78.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 5.5%.

Student Loan Affordability

In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Massachusetts Institute of Technology, should consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $105,393.78 would be needed to afford a $878.28 monthly payment in the example $80,928.00 loan modeled above. This assumes a repayment over 10 years. You can change the terms of this example loan using the student loan calculator below. View statistics about Massachusetts Institute of Technology student loan debt and graduate salaries under student outcomes.

Projected 4 Year Degree Price

4 year sticker price.

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Massachusetts Institute of Technology to be $319,400 - assuming graduation in normal time. The estimation assumes a 3.2% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Estimated cost for a class at Massachusetts Institute of Technology based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Massachusetts Institute of Technology versus other colleges.

Tuition Payment Plans Available

Tuition History

Historical tuition and price increases for Massachusetts Institute of Technology.

Is it Worth the Cost?

To make a comparative assessment if MIT is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 98.19/100 for Massachusetts Institute of Technology. Considering an average net price paid of $20,232, this leads to an overall value ranking of 76/100. This places the school 24th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

College Savings Calculator

Plan and save for college.

Discover how much will you need to start saving now to afford Massachusetts Institute of Technology in the future.

Student Loan Calculator

Estimate loan payments.

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Massachusetts Institute of Technology student loan.

Prepayment Option

Costs for similar colleges .

Explore costs at colleges similar to MIT

Harvard University

Private 4 Year

Stanford University

Princeton University

California Institute of Technology

Yale University

Rensselaer Polytechnic Institute

Cornell University

Rochester Institute of Technology

Northeastern University

Carnegie Mellon University

Boston University

New Jersey Institute of Technology

Public 4 Year

Rose Hulman Institute of Technology

Columbia University in the City of New York

Tufts University

Brown University

University of Pennsylvania

Stevens Institute of Technology

Georgia Institute of Technology Main Campus

Olin College of Engineering

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=166683 IPEDS survey data for Massachusetts Institute of Technology.

Smart. Open. Grounded. Inventive. Read our Ideas Made to Matter.

Which program is right for you?

Through intellectual rigor and experiential learning, this full-time, two-year MBA program develops leaders who make a difference in the world.

A rigorous, hands-on program that prepares adaptive problem solvers for premier finance careers.

A 12-month program focused on applying the tools of modern data science, optimization and machine learning to solve real-world business problems.

Earn your MBA and SM in engineering with this transformative two-year program.

Combine an international MBA with a deep dive into management science. A special opportunity for partner and affiliate schools only.

A doctoral program that produces outstanding scholars who are leading in their fields of research.

Bring a business perspective to your technical and quantitative expertise with a bachelor’s degree in management, business analytics, or finance.

A joint program for mid-career professionals that integrates engineering and systems thinking. Earn your master’s degree in engineering and management.

An interdisciplinary program that combines engineering, management, and design, leading to a master’s degree in engineering and management.

Executive Programs

A full-time MBA program for mid-career leaders eager to dedicate one year of discovery for a lifetime of impact.

This 20-month MBA program equips experienced executives to enhance their impact on their organizations and the world.

Non-degree programs for senior executives and high-potential managers.

A non-degree, customizable program for mid-career professionals.

Undergraduate

Shape your mind, then shape markets.

At the intersection of economics, strategy, and accounting, 15-3 Finance looks at how to keep markets and organizations operating efficiently. With the 15-3 Finance major or minor, you’ll be prepared for a career in finance, from managerial finance to corporate finance to algorithmic trading to emerging finance technologies. Learn to apply the tools of finance to industry with lab and communications subjects, and focus on certain areas or explore topics that complement finance with restricted electives. 

Course Requirements & Roadmaps

Deadlines + Important Dates

• 08/26/24 – Fall Registration Opens
• 09/03/24 - Fall Registration Day
• 09/04/24 – First Day of Classes 
• 09/06/24 – Registration Deadline
• 10/04/24 – Add Date: Last day to ADD subjects to registration
• 11/20/24 – Drop Date: Last day to DROP subjects from registration
• 12/02/24 – Pre-Registration for IAP & Spring Term
• 12/11/24 – Last Day of Classes
• 12/116/24 – 12/20/24 – Final Exam Period
• 01/06/24 – Spring Pre-Registration Deadline

For all important Institute dates please refer to the  MIT Academic Calendar .

15-3 Finance FAQs

What are the elective choices for the 15-3 major and minor.

Find the  elective choices for the 15-3 major and minor here . 

Contact the Undergraduate Team

Meet the team.

Scott Alessandro

Senior Director, Undergraduate Programs

Rianna Allen-Charles

Associate Director, Sloan Undergraduate Programs

Karyn E Glemaud-Anis

Assistant Director, Undergraduate Programs

1 of 100: Enloe teen selected for prestigious MIT program

Hurricanes hire president with deep ties to franchise to run business operations, olympics 2024: how to watch, when it starts, key dates in paris, keeshawn silver strives to be role model for rocky mount youth through "big kountry" camp, plates kitchen to close glenwood avenue restaurant in downtown raleigh, bowman wraps up a spot in the nascar cup series playoffs with a win on a rainy chicago street course.

WRAL Late News

WRAL WeatherCenter Forecast

Daytime Pick 3 and Pick 4 Drawing

Beryl hits Houston, Texas

Evening Pick 3 Pick 4 and Cash 5

By clicking “Accept All Cookies,” you agree to the storing of cookies on your device to enhance site navigation and analyze site usage.

Just Released: The 2024 IDE Annual Conference Report

Search the site

The ide newsletter.

Get the latest from MIT IDE delivered weekly to your inbox.

MIT Initiative on the Digital Economy

MIT Sloan School of Management

245 First St, Room E94-1521

Cambridge, MA 02142-1347

617-452-3216

• share on facebook
• share on twitter
• share on linkedin
• share by email
• Event Report

Now Available! 2024 IDE Annual Conference Event Report

Access the event report below summarizing each of the 8 expert-lead sessions and key takeaways!

At the IDE’s 2024 Annual Conference , an online members-only event during the week of May 20, speakers described AI projects about trust, policy, productivity and economics that they hope will provide practical guidance to those building and using GenAI.

While GenAI is top-of-mind, the conference also featured presentations on other topics vital to the digital economy. In all, eight research group leaders, postdocs and doctoral students presented their cutting edge studies. Their topics included quantum computing, digital culture, countering false conspiracy theories online, and the credibility of social media platforms .

Download the 2024 IDE Annual Conference HERE and view below.

• Dean’s Office
• External Advisory Council
• Computing Council
• Extended Computing Council
• Undergraduate Advisory Group
• Break Through Tech AI
• Building 45 Event Space
• Infinite Mile Awards: Past Winners
• Frequently Asked Questions
• Undergraduate Programs
• Graduate Programs
• Educating Computing Bilinguals
• Online Learning
• Industry Programs
• AI Policy Briefs
• Envisioning the Future of Computing Prize 2024
• SERC Symposium 2023
• SERC Case Studies
• SERC Scholars Program
• SERC Postdocs
• Common Ground Subjects
• For First-Year Students and Advisors
• For Instructors: About Common Ground Subjects
• Common Ground Award for Excellence in Teaching
• New & Incoming Faculty
• Faculty Resources
• Faculty Openings
• Search for: Search
• MIT Homepage

Study reveals why AI models that analyze medical images can be biased

These models, which can predict a patient’s race, gender, and age, seem to use those traits as shortcuts when making medical diagnoses.

Artificial intelligence models often play a role in medical diagnoses, especially when it comes to analyzing images such as X-rays. However, studies have found that these models don’t always perform well across all demographic groups, usually faring worse on women and people of color.

These models have also been shown to develop some surprising abilities. In 2022, MIT researchers reported that AI models can make accurate predictions about a patient’s race from their chest X-rays — something that the most skilled radiologists can’t do.

That research team has now found that the models that are most accurate at making demographic predictions also show the biggest “fairness gaps” — that is, discrepancies in their ability to accurately diagnose images of people of different races or genders. The findings suggest that these models may be using “demographic shortcuts” when making their diagnostic evaluations, which lead to incorrect results for women, Black people, and other groups, the researchers say.

“It’s well-established that high-capacity machine-learning models are good predictors of human demographics such as self-reported race or sex or age. This paper re-demonstrates that capacity, and then links that capacity to the lack of performance across different groups, which has never been done,” says Marzyeh Ghassemi, an MIT associate professor of electrical engineering and computer science, a member of MIT’s Institute for Medical Engineering and Science, and the senior author of the study.

The researchers also found that they could retrain the models in a way that improves their fairness. However, their approached to “debiasing” worked best when the models were tested on the same types of patients they were trained on, such as patients from the same hospital. When these models were applied to patients from different hospitals, the fairness gaps reappeared.

“I think the main takeaways are, first, you should thoroughly evaluate any external models on your own data because any fairness guarantees that model developers provide on their training data may not transfer to your population. Second, whenever sufficient data is available, you should train models on your own data,” says Haoran Zhang, an MIT graduate student and one of the lead authors of the new paper. MIT graduate student Yuzhe Yang is also a lead author of the paper, which appears today in Nature Medicine . Judy Gichoya, an associate professor of radiology and imaging sciences at Emory University School of Medicine, and Dina Katabi, the Thuan and Nicole Pham Professor of Electrical Engineering and Computer Science at MIT, are also authors of the paper.

Removing bias

As of May 2024, the FDA has approved 882 AI-enabled medical devices, with 671 of them designed to be used in radiology. Since 2022, when Ghassemi and her colleagues showed that these diagnostic models can accurately predict race, they and other researchers have shown that such models are also very good at predicting gender and age, even though the models are not trained on those tasks.

“Many popular machine learning models have superhuman demographic prediction capacity — radiologists cannot detect self-reported race from a chest X-ray,” Ghassemi says. “These are models that are good at predicting disease, but during training are learning to predict other things that may not be desirable.”

In this study, the researchers set out to explore why these models don’t work as well for certain groups. In particular, they wanted to see if the models were using demographic shortcuts to make predictions that ended up being less accurate for some groups. These shortcuts can arise in AI models when they use demographic attributes to determine whether a medical condition is present, instead of relying on other features of the images.

Using publicly available chest X-ray datasets from Beth Israel Deaconess Medical Center in Boston, the researchers trained models to predict whether patients had one of three different medical conditions: fluid buildup in the lungs, collapsed lung, or enlargement of the heart. Then, they tested the models on X-rays that were held out from the training data.

Overall, the models performed well, but most of them displayed “fairness gaps” — that is, discrepancies between accuracy rates for men and women, and for white and Black patients.

The models were also able to predict the gender, race, and age of the X-ray subjects. Additionally, there was a significant correlation between each model’s accuracy in making demographic predictions and the size of its fairness gap. This suggests that the models may be using demographic categorizations as a shortcut to make their disease predictions.

The researchers then tried to reduce the fairness gaps using two types of strategies. For one set of models, they trained them to optimize “subgroup robustness,” meaning that the models are rewarded for having better performance on the subgroup for which they have the worst performance, and penalized if their error rate for one group is higher than the others.

In another set of models, the researchers forced them to remove any demographic information from the images, using “group adversarial” approaches. Both strategies worked fairly well, the researchers found.

“For in-distribution data, you can use existing state-of-the-art methods to reduce fairness gaps without making significant trade-offs in overall performance,” Ghassemi says. “Subgroup robustness methods force models to be sensitive to mispredicting a specific group, and group adversarial methods try to remove group information completely.”

Not always fairer

However, those approaches only worked when the models were tested on data from the same types of patients that they were trained on — for example, only patients from the Beth Israel Deaconess Medical Center dataset.

When the researchers tested the models that had been “debiased” using the BIDMC data to analyze patients from five other hospital datasets, they found that the models’ overall accuracy remained high, but some of them exhibited large fairness gaps.

“If you debias the model in one set of patients, that fairness does not necessarily hold as you move to a new set of patients from a different hospital in a different location,” Zhang says.

This is worrisome because in many cases, hospitals use models that have been developed on data from other hospitals, especially in cases where an off-the-shelf model is purchased, the researchers say.

“We found that even state-of-the-art models which are optimally performant in data similar to their training sets are not optimal — that is, they do not make the best trade-off between overall and subgroup performance — in novel settings,” Ghassemi says. “Unfortunately, this is actually how a model is likely to be deployed. Most models are trained and validated with data from one hospital, or one source, and then deployed widely.”

The researchers found that the models that were debiased using group adversarial approaches showed slightly more fairness when tested on new patient groups than those debiased with subgroup robustness methods. They now plan to try to develop and test additional methods to see if they can create models that do a better job of making fair predictions on new datasets.

The findings suggest that hospitals that use these types of AI models should evaluate them on their own patient population before beginning to use them, to make sure they aren’t giving inaccurate results for certain groups.

The research was funded by a Google Research Scholar Award, the Robert Wood Johnson Foundation Harold Amos Medical Faculty Development Program, RSNA Health Disparities, the Lacuna Fund, the Gordon and Betty Moore Foundation, the National Institute of Biomedical Imaging and Bioengineering, and the National Heart, Lung, and Blood Institute.

Related Stories

• Our approach to learning
• Parent feedback
• Our social purpose
• Creativity and culture
• Expeditions
• Find a school
• Our schools in Europe
• Our schools in the Americas
• Our schools in Asia
• Our schools in the Middle East
• Admissions process
• Why boarding
• Our boarding schools
• Enquire about boarding
• Boarding life
• Boarding admissions and fees
• Discover more
• Latest News
• Explore INSIGHTS today
• A Global Family of Schools
• What is the IB?
• What is the IGCSE?

Professional learning at MIT: taking STEAM to the next level in our schools

Last month 54 Nord Anglia Education teachers travelled from 50 of our schools around the world for an action-packed week of professional development at the Massachusetts Institute of Technology (MIT) focused on curiosity, exploration, and innovation.

The motto of the MIT is ‘mens et manus’, which translate from Latin as ‘mind and hand’. The institute is famous for both the quality of its research, claiming 101 Nobel Prize laureates, and its hands-on, project based, interdisciplinary approach. The trip let teachers experience all these aspects first-hand.

Five days of professional learning

Practical workshops across the week also created hands-on opportunities for learning as Nord Anglia teachers ran exoplanet experiments, photographed bacteria, explored the likelihood of alien life beyond our universe, and made engineering models out of origami.

Teachers’ minds were expanded further by behind-the-scenes tours of research labs where they connected with researchers. They visited glass labs, fusion centres, and machine shops, learning about the work being done on cutting-edge projects like the fluorescent worms advancing our understanding of neuroscience at the Flavell Lab along with engineers making underwater robots at MIT Sea Grant. One highlight was the work of the Yamashita Lab where researchers are using fruit flies to study stem cell development.

In the ‘Lunch with a Luminary’ talks connected our teachers with expert MIT researchers on topics such as:

• AI insights into design and manufacturing from Faez Ahmed, assistant professor of mechanical engineering.
• Climate change models from oceanographer Caroline Ummenhofer.
• Innovative blends of art and robotics with NASA satellite engineer Yun Choi.
• And the real-life space travel experiences from astronaut Jeff Hoffman, who shared how his team are creating oxygen on Mars.

Mark O Brien, MIT Lead Europe, La Cote International School Aubonne, said: “The MIT PD trip was an incredible experience where like-minded teachers from our NAE family around the world came together to develop a better understanding of the philosophy of MIT and learn how to support and embed our world-class collaboration in our schools. By the end of the week, everyone left full of knowledge, enthusiasm, and a determination to support the development of STEAM within our regions, communities and individual schools.”

Nicole Sargeant, MIT Lead for Southeast Asia and the Middle East, Regents School Pattaya, said: “The MIT STEAM PD was an inspirational and transformative experience. There was a perfect balance between cutting-edge presentations and tours that blew my mind and really useful workshops that gave me new practical skills to bring back to my students. Having an opportunity to collaborate on a group project during the PD allowed me to step into my students’ shoes, giving me a deeper understanding of the demands placed on them, and how to better support them when they are tacking the MIT STEAM challenges in the future.”

Putting it into action across our schools

The value of the deep professional learning week at MIT is that teachers  take this expertise and interdisciplinary approach into their own school curriculum. The MIT materials include:

• MIT Challenges: Real-world problems set by MIT researchers to develop students’ creativity and curiosity.
• MIT abstracts: Talks with early career researchers that provide insight into their research and their personal journey to MIT.
• Ask MIT: An opportunity for students to pose their own questions to current MIT faculty.
• MIT Home labs: ways you can engage with MIT science projects at home.

If you’d like to learn more about the MIT collaboration, all MIT challenges, abstracts, and Home Labs can be accessed on Global Campus .

To ask MIT a question directly or see videos of past responses, visit the NAE MIT collaboration website

Related news

Nord Anglia Education sees record levels of online learning amongst students and teachers

Making the most of the middle years by preparing children for the next stage

In this article, Inderjit Dehal, our Director of Quality and Professional Development, explains what makes this period of school life so crucial and how Nord Anglia’s schools support students.

Spaces that inspire learning: why incredible classroom design matters

Nord Anglia Education to discuss metacognitive approaches at ISTELive 24

Emily Murphy, Senior PD Lead, speaks on metacognition and technology at ISTELive 24.

Want to hear from us?

By joining our mailing list, we can keep you up to date with any future newsletters, events and announcements from our family of 80+ premium schools.

[email protected]

(+44) 020 7131 0000

• About Nord Anglia Education
• Media contacts
• Global Campus
• Press Releases

We use cookies to improve your online experiences. To learn more and choose your cookies options, please refer to our cookie policy .

Tuition Fee & Finances

When you start a programme at tu delft, you have to pay tuition fees. the amount of the tuition fee is determined annually by law. below you will find an overview of the rates and what the monthly costs of an average student look like., annual tuition fees.

* plus additional costs, see the overview costs page

You can find the Enrolment and Tuition fee Regulations here .

Payment deadlines

Start in the first semester:

• 1 July (23:59 CEST) : for first year students who have a non-Dutch prior education or students who require assistance with visa/residence permit application: Please follow the instructions in your financial letter
• 31 August (23:59 CEST) : for all other students

Start in the second semester:

• 1 December (23:59 CET):  for first year students who have a non-Dutch prior education or students who require assistance with visa/residence permit application: Please follow the instructions in your financial letter

31 January (23:59 CET):  for all other students

Payment methods

Select one of the following payment methods :

For example you follow a Bridging Programme, you pay by your self, you have a non-Dutch diploma and pay for services

You (or someone else) can transfer the full amount. TU Delft must have received the amount by 31 August at the latest. This is July 1 for students who use TU Delft services. Please note: When paying from a foreign non-Dutch account number, there can be bank costs involved. You can check the costs with your bank. Make sure that you cover all bank costs in the total amount.

Please use the payment details below. Always mention your 7-digit TU Delft student number and your surname.

The bank will charge handling costs for these transactions. Inform at your bank about these costs. Make sure the total amount also covers these bank costs.

Note : If we receive payments from students via bank transfer that is based on the Statutory EU rate, the student will be approached by us with the request to complete a declaration of “Approval of payment” and return it to us. We need this statement to process the payment and registration at TU Delft.

Digital (direct debit) authorisation is only possible when you have an IBAN checking account (not a savings account) in a SEPA-country and do not require any extra services from TU Delft.

Extra services include:

• assistance with your visa/residence permit and/or
• use of TU Delft’s housing service (only applicable to new international students who do not already live in the Netherlands).

Fill in your payment details in Studielink.

When the location of your bank is in the Netherlands and your bank supports the digital (direct debit) authorisation, you will be redirected to the payment environment of your bank. If you are not redirected you will need to enter your bank account number in Studielink.

When somebody else pays for you, please indicate this in Studielink.

Changing your payment details Change of account number You can change your account number in Studielink yourself. In case this is not possible, you can report the change by means of this form and send it to [email protected] .

Change payment method In case you want to change the payment method, you can report this change by means of this form and send it to [email protected] . NB! After October 31st it is no longer possible to make this change.

Payment in instalments: 9 instalments Via the digital (direct debit) authorisation, you can pay your tuition fees in 9 instalments (see the collection dates below). At the first collection an one-off administration fee of € 24,- will be charged, this fee is non-refundable after the first collection. Note! issuing the digital (direct debit) authorisation, after the first collection the number of instalments decreases. 

Problems with your payment

When a deduction fails, TU Delft will notify you. For more information, see Enrolment and Tuition Fee Regulations .

Refer to the TU Delfts Liability and Conditions before you confirm the digital authorization in Studielink.

When you have a second enrolment elsewhere or when you are an exchange student or you receive a TU Delft-approved scholarship.

In a number of situations you are exempt from paying tuition fees:

1. Second enrolment or minor student

When you have an enrolment at one of the 4TU degree programs at TU Eindhoven, University Twente, Wageningen University & Research or TU Delft, a registration at the other universities will be made automatically.

For the following study programs at TU Delft, there are different procedures for registration and payment of tuition fee:

• BSc Nanobiology: register in Studielink and pay tuition fee at TU Delft
• BSc Clinical Technology: register in Studielink and pay tuition fee at TU Delft
• BSc Life Science and Technology: register in Studielink and pay tuition fee at TU Delft
• BSc Molecular Sciences & Technology: register in Studielink and pay tuition fee at Leiden University
•  MSc Industrial Ecology: register in Studielink and pay tuition fee at Leiden University

For the abovementioned programs an automatically exchange of payment will take place. You do not have to hand in a proof of payment of tuition fee.

Exception For the study Cyber Security you are to follow <link en/student/administration/enrolment/enrolling-as-a-minor-student-guest-student/>these steps</link>.

2. Certificate payment tuition fees

Are you enrolled, and do you pay tuition fees at another institution of higher education (hbo or university) but also wish to be enrolled at the TU Delft? It is possible to request a BBC (Bewijs Betaald Collegeld/ Proof of paid tuition fee) by arranging your payment details for TU Delft through Studielink.   

Please note: When the amount of tuition fees mentioned on the BBC is lower than the TU Delft tuition fees, you must pay the difference to TU Delft.

3. Exchange students

Students from a foreign university who enrol at TU Delft as part of an international exchange programme are enrolled for a maximum of 12 months. These students are exempted from payment of tuition fee at TU Delft. Do you wish to stay longer than 12 months in order to complete the Master’s degree programme? Then you are subject to the standard regulations regarding tuition fee, per the start of the 13th month of enrolment. Fees required from exchange students for visa and/or housing should be received by bank transfer before the deadline.

4. Scholarship

If you are granted a TU Delft-approved full scholarship which exempts you for paying the tuition fee yourself, you can ignore your payment details in Studielink.

5. Bridging programme

Students who follow a bridging programme do not pay tuition fees but a fee per credit to be obtained (EC).

Submit the completed and signed Reporting & Authorization form digitally. Based on this form, the amount to be paid is determined and collected (once) from the account number you entered. You can find this form and further rules here .

Overview costs

* The Living Costs per year is based on rules of the Dutch Immigration Service (IND). TU Delft will refund the Living Costs, after deducting the Residence Permit/VISA fee and/or Housing fee, into your SEPA bank account  approximately three weeks after  starting your study programme in Delft.   Make sure to bring sufficient funds to bridge the first few weeks after arrival in the Netherlands.

** will be deducted from Living Costs amount

***This applies for all incoming non-EU Exchange students .

Daily Expenses

Besides incidental and set-up costs, the costs of living and study, including food, accommodation, transport, books, and obligatory health insurance is estimated to be between 850 and 1,100 Euro per month.

More information at the Study in Holland website . 

Withdrawing application

If you want to withdraw your application before the start of the academic year, inform the  Education and Affairs as soon as possible. They will inform you about the refund process if you have made any payments.

If you want to quit your studies after the start of the academic year click  here  for more information about unenrolment.

More information about Student finance for international students in university

https://duo.nl/zakelijk/images/overzicht-financiele-regelgeving.pdf

Share this page:

Quick cost estimator

Get an estimate of your financial aid based on six simple questions. For a more in-depth review, and to determine Pell eligibility, you will need to use the Net Price Calculator .

Important information to know

Divorced parents.

We require both parents to contribute toward the cost of your education. If your parents are divorced, use the Quick College Cost Estimator for each parent’s household separately and then add the figures together to arrive at an estimate of your total cost.

Pell Grants

All outside awards including a Federal Pell Grant will first reduce the $3,400 student work portion of your contribution, then the $2,000 student contribution, before reducing your MIT Scholarship. If you are eligible for a full Pell Grant you may have up to the full cost of attendance covered by grant and scholarship aid.

Special Circumstances

The Quick Cost Estimator will not be accurate for international students or federally independent students. Results may be less accurate for families who are divorced or separated, and families who have ownership in a business. Special circumstances are considered on a case-by-case basis when you apply for financial aid.