Tuition

Undergraduate students with a family income of less than $200,000 can expect to attend MIT tuition-free starting fall 2025, reports Maria Papadopoulos for Boston 25. “MIT is one of only nine colleges in the US that does not consider applicants’ ability to pay as part of its admissions process and that meets the full demonstrated financial need for all undergraduates,” Papadopoulos reports. “Graduates benefit from the lifelong value of an MIT degree, with an average starting salary of $126,438 for graduates entering industry.”

Undergraduate students at MIT with families earning less than $200,000 can expect to attend MIT with free tuition beginning fall 2025, reports Travis Anderson for The Boston Globe. “The $200,000 threshold for free tuition was raised from the current level of $140,000, while the $100,000 threshold is an increase from this year’s ceiling of $75,000,” Anderson writes. “MIT said it has earmarked $167.3 million for need-based financial aid this year to undergraduates, up roughly 70 percent from a decade ago.”

Undergraduate students with a family income of less than $200,000 can expect to attend MIT tuition-free beginning fall 2025, reports Leah Sarnoff for ABC News. “Additionally, students whose family income is below $100,000 will see their entire MIT experience paid for, including tuition, housing, dining, fees and an allowance for books and personal expenses,” writes Sarnoff. 

As part of an effort to increase affordability for students and families, MIT undergraduate students with a family income below $200,000 a year can expect to attend MIT tuition-free, starting in fall 2025, reports Emily Piper-Vallillo for WBUR. “Many families are concerned about the cost of college,” says Stu Schmill, dean of admissions and student financial services. “We really want to send a message that coming to school at MIT is affordable and that cost should not stand in the way of a student applying.” 

In a report published by personal-finance website SmartAsset, MIT ranked number one for the third year in a row for best value. "The site ranked colleges by their value, using data about their tuitions, living costs, scholarship and grant offerings, retention rate and graduates’ starting salaries," writes Maria LaMagna for MarketWatch.

A study by co-authored by a team of MIT economists found that financial aid boosts enrollment and persistence, reports Inside Higher Ed. The researchers found that “the effects of the aid in encouraging enrollment and boosting persistence were especially pronounced among nonwhite students and students with lower grade point averages and standardized test scores.”