The Massachusetts Institute of Technology (MIT) is one of the world's most prestigious universities, known for its excellence in science, technology, and innovation. TheMIT Fees for the 2024-25 academic year are approximately $63,000 per year, excluding additional expenses such as housing, meals, books, and personal costs, which can bring the total annual cost to around $80,000-$85,000. However, MIT is committed to making education accessible through generous financial aid programs, with nearly 60% of undergraduate students receiving need-based scholarships. International students are also eligible for financial aid, ensuring that talented individuals from around the world can pursue their education at MIT regardless of their financial background.