Massachusetts Institute of Technology: Cost, Graduate Salary, Acceptance Rate and Return on Investment
Massachusetts Institute of Technology is a private nonprofit college in Cambridge, MA. Students pay about $20,111 a year in net price, and the median graduate earns $143,372 ten years after enrolling. By our Degree-ROI measure the degree pays back in about 1 year and adds $871,508 over a decade, ranking it #1 of 918 (top 1%) by value added.
What is Massachusetts Institute of Technology's acceptance rate?
Massachusetts Institute of Technology has an acceptance rate of 4.5%, which makes it highly selective. It is a private nonprofit institution in Cambridge, MA enrolling about 4,535 students, with a 96.2% graduation rate.
How much does Massachusetts Institute of Technology cost?
Massachusetts Institute of Technology costs about $20,111 per year in average net price, what a typical student actually pays after grants and scholarships. Over four years, including typical borrowing, that totals roughly $95,212. Published sticker cost of attendance is $82,730 per year.
How much do Massachusetts Institute of Technology graduates earn?
Ten years after enrolling, the median Massachusetts Institute of Technology student earns $143,372 per year. That is $96,672 more than the $46,700 that the typical worker with only a high-school diploma earns.
Is Massachusetts Institute of Technology worth it? Degree ROI and payback period
Massachusetts Institute of Technology pays back its roughly $95,212 cost in about 1 year, then keeps returning the earnings premium. Over the first decade the degree adds about $871,508 net of cost, a 10.15x return on the money invested. That ranks it #1 of 918 (top 1%) by value added. Its top-tier value is driven mainly by strong graduate earnings and a high graduation rate.
Top 10% value
Massachusetts Institute of Technology graduation rate and student debt
96.2% of Massachusetts Institute of Technology students complete their degree, and the median graduate leaves with $14,768 in federal student debt. That debt is about 10% of one year of median graduate earnings.
Massachusetts Institute of Technology by the numbers (vs the typical college)
How Massachusetts Institute of Technology compares to the median four-year college in our snapshot. Percentile is its rank among the 918 colleges that report both earnings and cost (higher is better).
| Metric | This school | Median college | Percentile |
|---|---|---|---|
| Avg net price / yr | $20,111 | $20,299 | cheaper than 51% |
| Median earnings (10 yrs) | $143,372 | $54,768 | 100th |
| Graduation rate | 96.2% | 57.0% | 100th |
| Acceptance rate | 4.5% | 75.7% | more selective than 99% |
| 10-yr value added | $871,508 | -$28,192 | 100th |
| ROI multiple (per $1) | 10.15x | 0.73x | 100th |
| Payback period | 1 yrs | 8.8 yrs | faster than 100% |
Frequently asked
Is Massachusetts Institute of Technology worth the cost compared to other colleges?
By value added net of cost, Massachusetts Institute of Technology ranks #1 of 918 (top 1%) of the 918 four-year colleges we rank, and returns about 10.15x the money invested over a decade.
Is Massachusetts Institute of Technology expensive compared to other colleges?
Its $20,111 average net price is below the $20,299 median for the colleges in this snapshot, making it cheaper than 51% of them.
Do Massachusetts Institute of Technology graduates earn more than average?
Median earnings of $143,372 ten years out are above the $54,768 median, higher than 100% of the colleges here.
How hard is it to get into Massachusetts Institute of Technology compared to other colleges?
Its 4.5% acceptance rate is below the 75.7% median, making it more selective than 99% of the colleges in the snapshot.
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Federal data behind this page
What a programme costs, what its graduates earn, and what aid is available are published by federal statistical agencies rather than by any provider's marketing page, and the sources below are the primary ones. They are linked so a reader can check a figure here directly.
- College Scorecard publishes the federal cost, completion and post-enrolment earnings data used to compare programmes.
- National Center for Education Statistics is the federal statistical agency for education and the source most published figures trace back to.
- IPEDS holds the institution-level survey data behind enrolment, price and completion comparisons.
- Federal Student Aid states what aid exists, who qualifies, and what repayment actually obligates a borrower to.
- CFPB paying for college documents how education financing works and where its common traps are.
- US Department of Education sets the policy framework the accreditation and aid systems operate under.
- Department of Education laws and policy carries the rules that decide whether a provider or credential is recognised.
This page compares programmes on published data. Outcomes vary by student, and a reader's own aid package and circumstances decide what a programme actually costs them.