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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