Massachusetts Institute of Technology (MIT): Courses, Fees and Cost of Living 2027

Massachusetts Institute of Technology fees for Indian students vary by programme, with separate pricing for standard Institute tuition and Sloan professional programmes. Postgraduate tuition ranges from USD 66,720 (INR 64.36 lakh) to USD 222,205 (INR 2.14 crore) at the latest published 2026 - 27 rates. Undergraduate tuition is USD 66,720 (INR 64.36 lakh) across Bachelor of Science programmes. The MIT Sloan Master of Business Administration (MBA) costs USD 91,892 (INR 88.65 lakh) for one academic year, including the mandatory Sloan programme fee.

• Undergraduate financial aid: MIT can meet 100% of demonstrated financial need for eligible international students.
• Graduate admission deposit: Most MIT graduate departments do not charge an offer deposit, although MIT Sloan may require one.
• F-1 student visa and SEVIS fee: USD 535 (INR 51,611) in total.

Cambridge living costs add significantly to the overall MIT budget. MIT estimates USD 22,800 (INR 22.00 lakh) for 12 months of graduate housing, while graduate on-campus housing rates range from USD 1,016 (INR 98,014) to USD 2,768 (INR 2.67 lakh) per month. First-year undergraduates are required to live on campus, making the USD 14,090 (INR 13.59 lakh) housing allowance an important starting point for budgeting.

A 12-month MIT Sloan MBA first-year budget is USD 146,817 (INR 1.42 crore) using MIT’s graduate cost allowance. A four-year Computer Science and Engineering undergraduate tuition-only comparison comes to USD 266,880 (INR 2.57 crore) at unchanged current rates. MIT is expected to publish the 2027 - 28 tuition rates after approval, so Fall 2027 students should recheck the final billed amount before making payments.

Note: Currency used in the article is: 1 USD = INR 96.47, as of 7 October 2026.

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Massachusetts Institute of Technology Tuition Fees by Programme

MIT’s fee structure follows two main routes: standard Institute tuition and higher non-standard professional tuition. Standard MIT tuition is generally charged by term for most undergraduate and graduate students, while professional programmes may follow separate published fee structures.

Postgraduate Fees: Fall 2027

Postgraduate tuition at MIT starts at USD 66,720 (INR 64.36 lakh) for standard graduate programmes. Sloan and supply-chain programmes follow separate published tuition rates. Tuition is charged annually for standard MIT and MBA routes, while full-programme totals are calculated using the published programme duration at the current tuition rate.

• Sloan tuition already includes the $2,200 (INR 2.12 Lakhs) annual MBA programme fee where MIT lists it.
• Master of Finance applicants choose between 12-month and 18-month formats before enrolment.
• Standard MIT graduate tuition is lower than Sloan tuition, but assistantship availability differs by department.
• Supply Chain Management is shorter, so the cash requirement arrives faster.

Massachusetts Institute of Technology Undergraduate Fees: Fall 2027

MIT charges USD 66,720 (INR 64.36 lakh) in annual tuition across its Bachelor of Science programmes. The choice of major affects the academic pathway but not the tuition band. MIT follows a standard four-year full-time Bachelor of Science structure, so the latest annual tuition would total USD 266,880 over four years before future fee changes and other costs.

• MIT admits first-year undergraduates to the Institute, not to a priced major.
• The tuition figure excludes housing, food, books, personal expenses, visa fees, and travel.
• Undergraduate financial aid can reduce the billed amount sharply after need assessment.
• The Regular Action financial aid deadline is 15 February 2027 for Fall 2027 entry.

Massachusetts Institute of Technology Fee Trend by Year

MIT undergraduate tuition increased from USD 61,990 (INR 59.80 lakh) in 2024 - 25 to USD 66,720 (INR 64.36 lakh) in 2026 - 27. For Fall 2027, students should recheck the budget after MIT publishes its next official tuition rate.

Cost of Living in Cambridge for Indian Students

MIT estimates USD 48,972 (INR 47.24 lakh) for 12 months of graduate non-tuition expenses, excluding tuition and programme-specific fees. Cambridge housing remains the largest controllable living expense for most students.

• Graduate on-campus housing covers about 47% of the graduate community.
• Graduate licenses usually run through 31 July, so a 12-month budget is realistic.
• On-campus graduate rents include heat, hot water, electricity, internet, and amenities.
• Undergraduate first-year students must live in MIT residence halls.

Total Cost of Studying at Massachusetts Institute of Technology

The MIT Sloan MBA first-year budget ranges from USD 129,004 (INR 1.24 crore) to USD 168,739 (INR 1.63 crore), before airfare and refundable personal balances. The worked estimate is based on the Fall 2027 MBA route.

• Mandatory fees include student life fee, health insurance where applicable, F-1 visa fee, and SEVIS fee.
• The F-1 student visa fee is $185 (INR 17,847).
• The Student and Exchange Visitor Information System fee is $350 (INR 33,764).
• The Sloan MBA total uses 12-month living because many students stay through summer planning and internships.

The two-year MBA tuition-only total is $183,784 (INR 1.77 Crore) at unchanged current rates. A INR 1 Crore loan can mean roughly INR 1.35 Lakhs per month for 10 years at 10.5%.

Massachusetts Institute of Technology Scholarships for Indian Students

MIT undergraduate financial aid can significantly reduce the USD 92,760 (INR 89.49 lakh) sticker cost for students who qualify based on demonstrated financial need. Graduate funding is more programme-specific, with less automatic support outside fully funded research-based degrees.

Massachusetts Institute of Technology Tuition Deposit and Payment Options

MIT does not have one standard admission deposit across all programmes. Most non-Sloan graduate programmes do not require an admission deposit, while MIT Sloan programmes may charge a deposit depending on the course.

Methods of payment

• MITPay supports bank transfer and wire transfer through WebSIS.
• Families using Liberalised Remittance Scheme paperwork should keep the offer letter and bill together.
• A forex card can help with smaller arrival expenses, not large MITPay balances.
• Education-loan disbursement should reach before the 1 August Fall bill deadline.

Steps to pay the tuition fee for international students

1. Accept the MIT offer and activate the student account.
2. Pay any programme-specific Sloan deposit shown in the admitted-student portal.
3. Receive the Form I-20, the certificate used for the F-1 student visa.
4. Pay the Fall bill through MITPay before 1 August.
5. Save every receipt for the visa interview and loan file.

Hidden Costs of Studying at Massachusetts Institute of Technology

MIT’s pre-arrival costs begin before classes, with visa expenses and the first-term bill among the major early payments. A first-year undergraduate should plan USD 46,060 (INR 44.43 lakh) before travel.

• Fall 2027 visa paperwork needs the $185 (INR 17,847) F-1 visa fee and $350 (INR 33,764) SEVIS fee.
• MIT Student Health Insurance Plan costs $5,148 (INR 4.97 Lakhs) unless a valid waiver applies.
• Undergraduate initial housing billing is $6,807 (INR 6.57 Lakhs) before final room adjustment.
• Books and supplies are $930 (INR 89,717) for undergraduate budgeting.
• Graduate first-year students may need a $2,400 (INR 2.32 Lakhs) computer allowance.
• Off-campus leases can require deposits, but MIT does not publish one official amount.

Budget approximately INR 6.00 Lakhs to INR 12.00 Lakhs for first-year hidden costs beyond billed tuition. This range covers visa, insurance, books, local setup, and bank charges, but excludes airfare.

Fee Saving Strsavingss for Indian Students

For Fall 2027, the biggest saving opportunity for Indian students is through undergraduate need-based financial aid or Sloan fellowship funding. Controlling living costs is the next major priority, as housing in the Cambridge area can exceed INR 20 lakh for 12 months.

• Submit MIT undergraduate aid forms by the stated aid deadline for the chosen admission cycle.
• Prioritise on-campus graduate housing if a suitable $1,016 (INR 98,014) monthly room appears.
• Use the standard MIT tuition route when academic goals do not require a high-cost Sloan degree.
• Claim Section 80E tax deduction in India on education-loan interest when eligible.
• Use Optional Practical Training, which allows 12 months after study, and 24 more months for eligible science, technology, engineering and mathematics (STEM) degrees.

MIT undergraduate work can support personal expenses, but visa rules should guide any on-campus job choice. Degree funding should not depend on unconfirmed off-campus earnings.