Expenses

MIT is aware of the substantial expenses that graduate education at MIT represents, and we want to give applicants a realistic assessment of the costs involved. Living costs in the Cambridge-Boston area are among the highest in the United States. Graduate students with spouses and/or dependents may need to consider additional members on their health care plan; child care expenses; and higher housing costs for a larger amount of living area. The Institute cannot assume financial responsibility for its students beyond any funding offered at the time of admission; see more information on Costs & Funding.

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; travel 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. 

9-Month Academic Year Expenses (2019 – 2020)

Additional expenses to consider may include:

  • Books and supplies: $2,816
  • Food (off-campus): $4,634
  • Local transportation: $2,736
  • Personal expenses (household items other than food, clothing, leisure): $5,250

Total estimate: $82,518 - $96,580

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. See also MIT Off Campus Housing.
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. There is no additional tuition cost for most graduate students due to 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.