Massachusetts Institute of Technology: Ranking, Tuition Fees, Cost Of Living & Admission Processing

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The Massachusetts Institute of Technology is nicknamed “The Engineers” and is a private research institute based in Cambridge, Massachusetts. It came into existence on April 10, 1861 just around the time the United States was undergoing massive waves of industrialization and in many ways the Institute was a response to the need that this industrialization was creating both academically and technologically. Today, it is regarded as one of the most prestigious Universities in the world and for good reason. The following persons have been affiliated with the Institute: 85 of Nobel laureates, 52 National Medal of Science recipients, 65 Marshall Scholars, 38 MacArthur Fellows, 34 astronauts, 19 Turing award winners, 16 Chief Scientists of the US Air Force and 6 Fields Medalists. Meanwhile, MIT’s School of Engineering continues to top national and international rankings of the best universities and the Institute itself is a frequent feature among discussions of the world’s best universities.

While it is associated primarily with feats of engineering as well as its high standards of research and education, Massachusetts Institute of Technology also boasts an impressive entrepreneurial spirit with revenues aggregated by companies founded by its alumni ranking as the eleventh-largest economy in the world.

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Where is MIT located?

Massachusetts Institute of Technology is located in Cambridge, Massachusetts and its address is Massachusetts Institute of Technology Office of Undergraduate Admissions Room, 77 Massachusetts Avenue Cambridge, MA 02139.

How well ranked is the Massachusetts Institute of Technology compared to other institutions?

The MIT is ranked 1st out of 833 top ranked institutions for General Biology and also 1st out of 833 for Veterans for General Biology. On the rankings for location diversity, it comes in at 4th out of 2353. It also has a ranking of 1 out of 556 top ranked institutions for Computer & Information Sciences and 1 out of 588 for Veterans for Computer & Information Sciences. These rankings are as of 2017 and show that MIT is among the best of the best.

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How can I apply?

Of all the applications the Institute has received, it has accepted only 7.9% which show the admissions process to be highly selective. The MIT admissions process is meant to be completed online the institution is strict about not processing non-scannable materials like DVDs, books, slides, certificate binders, CDs or newspaper clippings.

– Freshmen Applicants– the following are the dates/deadlines and requirements for a successful application

Early Action (EA)

Deadline Application Component

October 20 Interview scheduling deadline

November 1 Part 1: Biographical Form

November 1 Part 2: Essays, Activities, and Academics

November 1 Evaluation A: Math or science teacher

November 1 Evaluation B: Humanities, social science, or language teacher

November 1 Secondary School Report (SSR), including high school transcript

November testing date Standardized tests: SAT, ACT, or TOEFL; and 2 SAT Subject Tests

February 15 February Updates & Notes Form (including midyear grades)

Regular Action (RA)

Deadline Application Component

December 10 Interview scheduling deadline

January 1 Part 1: Biographical Form

January 1 Part 2: Essays, Activities, and Academics

January 1 Evaluation A: Math or science teacher

January 1 Evaluation B: Humanities, social science, or language teacher

January 1 Secondary School Report (SSR), including high school transcript

December testing date Standardized tests: SAT, ACT, or TOEFL; and 2 SAT Subject Tests

February 15 February Updates & Notes Form (including midyear grades)

– Transfer Applicants –

The only students eligible for transfer to MIT are those who have attended an accredited college, university, technical college or community college and completed two or more terms with impressive academic records. The Institute also disqualifies students who are yet to finish one year or have concluded more than two and half years of college.It is advised to take particular interest in mathematics and science courses at your current college before applying.

Is there a minimum GPA required of transfer applicants to MIT?

Although the Institute does not stipulate a minimum GPA required to apply, successful applicants usually have a GPA of 3.5 or above with particular preference for high scores in mathematics and science courses.

Eligibility of transfer students to apply for financial aid.

Financial aid is accessible to transfer students and they can apply to be considered by the Institute. The consideration is also the same for both transfer students and undergraduate students.

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– International Students –

All students who do not hold US citizenship are categorized as international applicants irrespective of where such person may reside as at the time of applying. This includes those who are in the process of applying for their Green Cards. MIT receives an average of 4000 applications from international students every year and most times fewer than 150 are admitted. The application process is the same as for local students.

How much will it cost me to attend MIT?

For the 2015-2016 academic year, on-campus students paid an overall total of $63,250 in tuition and fees. We had a look at the past five years to determine the nature of the amount it would cost future students to attend the college. This determined that the overall cost was increasing at an annual rate of 3.5% and that over a four year period of study, students could expect to pay a total of between $285,877 to $394,785 or $137,982 to $190,548 over a period of two years.

Will I pay the full sum cited above?

This sum can appear overwhelming and it should be noted that it does not take into account the possible award of financial aid which is a substantial reduction of the overall cost of study for students who so qualify. The above amounts are actually not what most students end up paying based on the individual circumstances of each student.

For students who qualify for aid as members of low income families, they may pay an average of $15,776 as freshmen and a total of $97,388 over a four year period (or $36,260 over a period of two years). Average aid provided to students reduces the amount paid as freshmen to $31,410 and their total over a period of four years to $143,621 (while a two year period would have a student paying $65,644).

What is the cost of living for MIT students?

On an average, MIT students operate a budget of $2,975 on a monthly basis and a total annual estimate of $35,700. This analysis takes into consideration feeding, clothing, personal care, incidentals, housing, non-food groceries and medication. This also takes into account personal lifestyle and tastes. For a student on a low range lifestyle, the yearly amount could drop to $32,130 and for a student with a high range lifestyle, this could rise to as much as $41,005.

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