The Massachusetts Institute of Technology (MIT) is world-renowned for its excellence in science, technology, engineering, and mathematics. Pursuing a Bachelor of Science in Mathematics at MIT offers students access to cutting-edge research, top-tier faculty, and an intellectually vibrant campus community. Yet, many prospective students and their families are naturally concerned about the financial investment required. This article provides a detailed look at the cost of studying Mathematics at MIT, including tuition, living expenses, and financial aid options.
Tuition fees
For the academic year 2025-2026, MIT’s undergraduate tuition is approximately $60,156 per year. This standard tuition covers instruction, access to academic resources, labs, and mentorship by world-class faculty. It applies across most undergraduate programs, including Mathematics, reflecting MIT’s commitment to a high-caliber education.
Additional costs: Living, housing, and other expenses
Tuition is only one part of the total cost. Students must also consider housing, food, textbooks, health insurance, transportation, and personal expenses. For 2025, the estimated total cost of attendance is around $79,546 per year.
- Housing and Food: On-campus residence options range from $12,500 to $16,000 annually, depending on the facility and meal plan.
- Books and Supplies: Allocate approximately $850 per year for textbooks and other academic materials.
- Personal Expenses and Transportation: Estimated at $2,250–$3,000 annually, covering personal care, clothing, travel, and entertainment.
Combined with tuition, the total estimated yearly cost comes close to $80,000, roughly ₹66 lakhs in Indian Rupees at current exchange rates.
Financial aid and scholarships
While the sticker price may seem high, MIT offers one of the most generous need-based financial aid programs in the world. The institute is committed to making education accessible to talented students regardless of financial background.
- Families earning below $200,000, particularly those under $150,000 with typical assets, often qualify for substantial aid.
- Families earning under $90,000 annually may pay only a fraction of the sticker price—or nothing at all.
- MIT’s aid is need-based rather than merit-based, focusing on affordability over competition.
Prospective students are encouraged to complete financial aid applications early to maximize support.
The bottom line
A Bachelor’s in Mathematics at MIT represents a significant investment in a student’s future. While the combined tuition and living costs approach $80,000 per year, MIT’s robust financial aid programs make this world-class education attainable for many. Beyond the costs, the unmatched research opportunities, faculty mentorship, and career prospects make studying at MIT a transformative experience.Prospective students should weigh both the nominal costs and financial aid options carefully and consult MIT’s Student Financial Services for guidance tailored to their circumstances.
