Tuition

In an effort to increase the accessibility of higher education, MIT will provide free tuition for students from families earning up to $200,000 a year, reports Danielle Douglas-Gabriel and Susan Svrluga for The Washington Post. “Many families look at the sticker price and they think, ‘Wow, I can’t afford that.’ And they don’t realize the amount of financial aid that they can get awarded,” says Stu Schmill, dean of admissions and student financial services. “Policies like what we’ve enacted can help communicate affordability.”

In an effort to make higher education more accessible, MIT has announced that undergraduate students with families earning less than $200,000 per year will receive free tuition beginning fall 2025, reports Alexandra Petri for The New York Times. “We believe MIT should be the pre-eminent destination for the most talented students in the country interested in an education centered on science and technology,” explains Stu Schmill, dean of admissions and student financial services, “and accessible to the best students regardless of their financial circumstances.” 

Undergraduate students with a family income of less than $200,000 can expect to attend MIT tuition-free starting fall 2025, reports Maria Papadopoulos for Boston 25. “MIT is one of only nine colleges in the US that does not consider applicants’ ability to pay as part of its admissions process and that meets the full demonstrated financial need for all undergraduates,” Papadopoulos reports. “Graduates benefit from the lifelong value of an MIT degree, with an average starting salary of $126,438 for graduates entering industry.”

Undergraduate students at MIT with families earning less than $200,000 can expect to attend MIT with free tuition beginning fall 2025, reports Travis Anderson for The Boston Globe. “The $200,000 threshold for free tuition was raised from the current level of $140,000, while the $100,000 threshold is an increase from this year’s ceiling of $75,000,” Anderson writes. “MIT said it has earmarked $167.3 million for need-based financial aid this year to undergraduates, up roughly 70 percent from a decade ago.”

Undergraduate students with a family income of less than $200,000 can expect to attend MIT tuition-free beginning fall 2025, reports Leah Sarnoff for ABC News. “Additionally, students whose family income is below $100,000 will see their entire MIT experience paid for, including tuition, housing, dining, fees and an allowance for books and personal expenses,” writes Sarnoff. 

As part of an effort to increase affordability for students and families, MIT undergraduate students with a family income below $200,000 a year can expect to attend MIT tuition-free, starting in fall 2025, reports Emily Piper-Vallillo for WBUR. “Many families are concerned about the cost of college,” says Stu Schmill, dean of admissions and student financial services. “We really want to send a message that coming to school at MIT is affordable and that cost should not stand in the way of a student applying.” 

In a report published by personal-finance website SmartAsset, MIT ranked number one for the third year in a row for best value. "The site ranked colleges by their value, using data about their tuitions, living costs, scholarship and grant offerings, retention rate and graduates’ starting salaries," writes Maria LaMagna for MarketWatch.

A study by co-authored by a team of MIT economists found that financial aid boosts enrollment and persistence, reports Inside Higher Ed. The researchers found that “the effects of the aid in encouraging enrollment and boosting persistence were especially pronounced among nonwhite students and students with lower grade point averages and standardized test scores.”