Is Massachusetts Institute of Technology worth it?

Cambridge, MA · private-nonprofit

Verdict

Typical students pay $20,111 a year after aid, graduate with $14,768 in federal debt, and earn $131,633 six years after enrolling — an estimated monthly loan payment of $158, with a debt break-even of about 1.1 years.

Net price / year

$20,111

Admission rate

5%

Graduation rate

—

Median debt

$14,768

Earnings (6 yr)

$131,633

Earnings (10 yr)

$143,372

Est. monthly loan payment

$158

Loan-to-income ratio

11%

Debt break-even

1.1 years

How Massachusetts Institute of Technology compares

MetricMassachusetts Institute of TechnologyMassachusettsNational
Net price$20,111$21,991$16,642
Median debt$14,768$16,222$12,377
Earnings (6 yr)$131,633$39,799$33,037
Graduation rate———

FAQ

How much does it cost to attend Massachusetts Institute of Technology?

The federal average net price after grants and scholarships is $20,111 a year. That figure reflects what a typical student actually pays after grants and scholarships, not the sticker price.

How much debt do Massachusetts Institute of Technology graduates typically carry?

Students who complete a program at Massachusetts Institute of Technology leave with a median federal debt of $14,768, based on the U.S. Department of Education's College Scorecard.

What do Massachusetts Institute of Technology graduates earn?

Six years after enrolling, former students report median earnings of $131,633, drawn from federal tax records aggregated by the College Scorecard.

What is the graduation rate at Massachusetts Institute of Technology?

Graduation rate data is not currently published for this school.

Is Massachusetts Institute of Technology worth the debt?

Based on median debt and 6-year earnings, it would take roughly 1.1 years of 10% income allocation to pay off the typical debt load — compare that against your own expected major and career path before deciding.

Source: U.S. Department of Education College Scorecard.