Expenses

MIT is aware of the substantial expenses that graduate education at MIT represents, and we want to give international applicants a realistic assessment of the costs involved. Living costs in the Cambridge-Boston area are among the highest in the United States. Since the Institute cannot assume financial responsibility for its students, we must be satisfied that entering students will have sufficient funds to meet all expenses while at MIT.

Because the first few months in the United States usually demand more financial outlay than any other period, students should plan to arrive with enough money to meet substantial initial expenses, such as travel to Cambridge from the port of arrival; insurance; temporary accommodations in hotels, if necessary; meals in restaurants; advance payment of rent; purchase of furnishings; and deposits for electricity and telephone services.

Below is an outline of expenses that graduate students can expect when planning to attend MIT. All amounts provided are estimates and are based on a 9-month academic year from September to May. Actual expenses may vary. Additional information about graduate student expenses can be found in the Managing Your Budget section of the Student Financial Services website.

9-Month Academic Year Expenses (2017 – 2018)

Additional expenses to consider may include:

  • Books and supplies: $2,816
  • Food (off-campus): $4,634
  • Local transportation: $2,736
  • Personal expenses: $5,250

Total estimate: $76,891 - $91,613

1Tuition rates for the MIT Sloan School of Management and for other programs may vary.
2Accommodations vary from 3-bedroom shared suite to 2-bedroom private apartment.
3Meal plans vary from basic 10 meals/week to full 19 meals/week

3-Month Summer Term Expenses

In most doctoral-level programs, students are required to continue research studies over the summer. This comes at no additional cost as graduate students utilize the Summer Tuition Subsidy. Students who choose to enroll in additional summer classes may be responsible for additional tuition costs.

On-campus housing rates for the summer are the same as the academic year.

MIT Extended Health Insurance Plan continues to offer converge through the summer term.