MIT’s commitment to undergraduate financial aid will remain strong for the 2024-25 academic year, increasing to an estimated budget of $167.3 million. The increase will more than offset a 3.75 percent percent rise in tuition, to $61,990 ($62,396 including fees), and other living expense increases. The estimated average MIT scholarship for students receiving financial aid next year is $63,146. Moreover, for students coming from families with incomes of $75,000 and less, their parents will not be expected to contribute to the cost of attendance, which includes tuition, housing, food, and…
