by our College Data Analytics TeamIs a MIT degree worth it? Only you know for sure, but College Factual's value analysis can help answer that question. Keep reading for more.
Massachusetts Institute of Technology is ranked #2,183 out of 2,223 for value nationwide.
Based on our analysis of other colleges at similar price points, we believe Massachusetts Institute of Technology is overpriced for the quality education it provides. (This takes into account average financial aid and may not apply to you if you have further scholarships, grant or aid provided to you.)
| School | Total Price | Value Grade |
|---|
*Total price is determined by multiplying average annual cost by time to graduate.
The average MIT student's degree will cost an estimated $172,386. This is based on an average price (with and without aid) of $41,943 and a typical 4.11 years to graduate.
| Amount | |
|---|---|
| Average Yearly Cost | $41,943 |
| Average Years to Graduate | 4.11 |
| Estimated Avg Total Cost of Degree | $172,386 |
Consider the average MIT student takes 4.11 years to complete their degree. If you can complete your degree faster than that you will save money. This is just one way your MIT degree may cost less than average.
Most students will not pay the full sticker price and few students fit perfectly into averages.
Look at the table below to get a sense of how MIT value for your educational dollar might vary.
| Nationwide Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with no Aid | $297,819 | #0 | F |
| All Students | $172,386 | #2,183 | F |
| Only Students Receiving Aid | $104,846 | #23 | A+ |
| In-State Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with no Aid | $297,819 | # | F |
| All Students | $172,386 | # | F |
| Only Students Receiving Aid | $104,846 | # | F |
Note: the Value Grade for in-state students is calculated by looking only at other schools in the state of Massachusetts.
About 75% of MIT students receive financial aid. Get more details on what MIT financial aid you may qualify for.
College Factual calculates value by calculating average MIT cost multiplied by time to graduate, and then compares that number to other schools of a similar quality ranking. If the school is priced fairly based on the educational quality it receives a fair ranking. If it is underpriced it receives a good or excellent value.
Read the full Best for the Money Ranking Methodology.
Image Credit: By InSapphoWeTrust under License
College Factual's Best for the Money Ranking Methodology.