Costs
Cooperative and Practice-School Programs
MIT Sloan School of Management Tuition
Tuition
The table below reflects standard graduate tuition rates for the 2023–2024 academic year (which are reviewed and likely to increase next year). Graduate programs in the MIT Sloan School of Management have their own tuition rates. Certain other graduate programs, such as the Real Estate Development master's program and the master's programs in Supply Chain Management, also employ “non-standard” tuition. Special students and visiting students should refer to the tuition and fee information specific to them.
| Full regular graduate tuition (including graduate student staff), per term, fall and spring* | $29,875 |
| Doctoral students approved for non-resident tuition, first three semesters† | $1,495 |
| Doctoral students approved for non-resident tuition, subsequent semesters† | $4,480 |
| Off-campus internship tuition | $10,455 |
| *Full tuition in either term of the current year covers the January Independent Activities Period. | |
| †Following completion of the nonresident period, the student must return to resident status for completion and presentation of the doctoral thesis. If the student requires only part of this first term back in residence to complete the thesis, the tuition will be adjusted subject to a minimum of $14,940. Consult Graduate Policies and Procedures for additional information on nonresident status. |
If the student was registered for thesis as a resident student in the immediately preceding term, regular or summer, tuition for thesis will be adjusted after acceptance by the department of the completed document on the basis of a charge of $2,485 per week from the starting date of the term, with a minimum of $2,485 for the master's or engineer's degree and $4,965 for the doctoral degree. If the immediately preceding term was the summer term and if the graduate student was not registered for thesis in that summer term, but was registered for thesis in residence in the previous second term, the minimum tuition for thesis is $14,940.
Key points:
- Tuition for thesis students is based on registration and residency status. The Registrar’s Office provides further tuition information by academic year.
- Resident graduate students making progress toward a degree are expected to register as and are considered full-time students. Tuition is prorated if a student withdraws early.
- A student who continues to hold a fellowship, traineeship, or graduate staff appointment for the remainder of the term after delivery of the thesis is still considered a full-time student and tuition will not be adjusted. In unusual circumstances, the Office of Graduate Education may set special tuition rates for graduate students.
- Students in approved programs registering for thesis work or other approved research subjects in the summer are eligible for a summer tuition subsidy.
- Students who are permitted to undertake nonresident thesis research must register as nonresident doctoral candidates. Following completion of the nonresident period, the student must return to resident status for completion and presentation of the doctoral thesis. If the student requires only part of this first term back in residence to complete the thesis, the tuition will be adjusted subject to a minimum of $14,940. Consult Graduate Policies and Procedures for additional information on nonresident status. The minimum term tuition charge for registration for doctoral thesis upon readmission as a resident student is $44,815 if not registered during the preceding regular term.
The tuition for all regular graduate students, including fellows, trainees, and academic staff in the 2023 summer session was $20,640.
- A number of miscellaneous fees may apply each term, unrelated to tuition.
- For more detailed information regarding the cost of attendance, including specific costs for tuition and fees, books and supplies, housing and food as well as transportation, please visit the SFS website.
Cooperative and Practice-School Programs
Cooperative and practice-school programs offered by MIT provide industrial and research experience through a series of work assignments interwoven with regular study at the Institute. The tuition fees for these programs are the same as those for regular graduate students.
Cooperative and practice-school program tuition, per term, fall and spring, 2023–2024
| Chemical Engineering Practice School, Course 10-A | $29,875 |
| Electrical Engineering and Computer Science, Course 6-A | $29,875 |
Summer Tuition Subsidy
Graduate students who are enrolled in a research degree program and who are not taking subjects are eligible to have their summer tuition subsidized from Institute general funds. The subsidy applies to new or continuing graduate students in normal resident status during the preceding spring term, and who are only registered for thesis or pre-thesis research credit during the summer session.
Key points:
- Graduate students who register for other summer subjects will be charged tuition on a per unit basis up to the maximum tuition. This tuition may not be charged to research grants.
- Students registering for summer internship subjects are not eligible and will be charged the per unit rate, up to a maximum of four units.
Full details on the Summer Tuition Subsidy [PDF] are available online. Email the Registrar’s Office with questions about the subjects that currently qualify as thesis or pre-thesis in each department.
Graduate students who are enrolled in a research program, and who are not taking courses, will have their summer tuition subsidized (that is, paid from other Institute resources).
MIT Sloan School of Management Tuition
MIT Sloan master's programs, annual tuition rate (unless otherwise noted), 2023–2024
| MBA Program, academic year | $82,000* |
| Fellows MBA program for Innovation and Global Leadership | $144,000** |
| Executive MBA, 20 months | $197,000** |
| Leaders for Global Operations, academic year | $82,000* |
| Master of Finance, 12 months | $87,600 |
| Master of Finance, 18 months | $120,400 |
| Master of Science in Management Studies, academic year | $82,000* |
| Master of Business Analytics, academic year | $87,600† |
| Visiting Fellows | Consult program office |
| *These programs are also charged the mandatory $2,200 Sloan program fee. | |
| **Rate is inclusive of all fees. | |
| †Summer tuition subsidy brings total real cost to $65,600. |
Other Programs with Non-Standard Tuition
Certain other graduate programs have non-standard tuition rates.
Tuition for non-standard programs, 2023–2024
| Center for Real Estate SM Program, per term, fall and spring | $33,135 |
| Center for Real Estate SM Program, summer | $22,090 |
| Supply Chain Management Master's Program in Logistics, academic year | $82,000 |
| Supply Chain Management Five-month Blended Program | $49,200 |
| Systems Design and Management/Integrated Design and Management Program | Consult program office |
| Professional Education Advanced Study Program (ASP) | Consult program office |
Special Student Tuition
Special students are non-degree students who are taking classes at MIT for personal or professional reasons.
Key points:
- Graduate special students, including Sloan students, should contact the Advanced Study Program for information about admission and tuition rates.
- There are additional miscellaneous fees associated with registering at MIT.
Visiting Student Fees
Students who are pursuing a degree at an institution of higher education other than MIT and have been invited by faculty in an MIT department, laboratory, or center to do research here may apply for visiting student status. Current regular or special MIT students, or MIT students who have withdrawn or are on a leave of absence, are not eligible.
Visiting students are subject to a monthly fee that includes registration, MIT's Student Health Insurance Plan (SHIP), and student life fees. The fee entitles visiting students to conduct research, use our fitness facilities, participate in student life programming, and have access to care at MIT Health. Full monthly fees are charged regardless of whether the student starts on the first or the 15th of the month. The total fee for the duration of their stay must be paid in full and in advance. Additional costs will be applied for those who wish to enroll family members in SHIP.
Visiting student fees, 2023–2024
| Processing fee (one time) | $1,000 |
| Visiting student fee, includes registration, SHIP, and student life fees (monthly) | $600 |
| Additional family medical coverage (optional)—Partner only (monthly) | $305 |
| Additional family medical coverage (optional)—Dependents only (monthly) | $93 |
| Additional family medical coverage (optional)—Partner and dependents combined (monthly) | $399 |
Withdrawal
A student withdrawing before the start of a term is not charged any tuition for that term and any tuition payments previously made for that term will be refunded. Students withdrawing during the fall or spring term are charged one-twelfth of the stated tuition for the term for each week from the starting date of the term, with a minimum two-week charge. A student must pay full tuition and fees at the beginning of the term. Any subsequent reduction in fees is based on the date that cancellation of a subject or withdrawal from the Institute is effected. At that time, any excess payments which the student has made will be refunded.
Fees
All students pay a student life fee each term. Late registration or applications may result in additional fees. See the Academic Calendar for relevant dates and deadlines.
Miscellaneous student fees*, 2023–2024
| Application for undergraduate admission | $75 |
| Application for graduate admission | $75 |
| Application for MBA program | $250 |
| Late registration | $50 |
| Late change in registration | $25 |
| Late degree application | $50 |
| Late graduate thesis title | $85 |
| Very late degree application | $85 |
| Very late pre-registration | $85 |
| Very late registration | $100 |
| Late application for non-resident doctoral status | $100 |
| *Miscellaneous fees and processing charges are nonrefundable unless levied in error. |
Processing Charges for Late Changes in Registration
A late change in registration, which requires a petition to the Office of Graduate Education, is defined as adding a subject after the fifth week or dropping a subject during the last three weeks of a term. The processing charge for late changes is $50. There is an additional charge of $50 for a retroactive change after the end of the term.
Payment of tuition entitles all regular and special students to receive many health care services at MIT Health at no charge. The MIT Student Health Insurance Plan (SHIP) covers hospitalization due to accidents or illness, along with other services and prescription medications, and meets the state’s requirement for comprehensive health insurance.
Enrollment in MIT SHIP is automatic for full-time students, unless they can demonstrate that they have comparable coverage through another insurance program, in which case they may submit an online request to waive coverage. Complete details on MIT SHIP are available on the MIT Medical website.
MIT Student Health Insurance Plan, cost per year for single student, 2023–2024
Updated rates for the MIT Student Insurance Plan can be found on the MIT Health website. Students can also purchase MIT SHIP coverage for family members, including partners and dependents. Refer to the Medical Requirements section for additional details or read more about the MIT Student Health Insurance Plan.
Graduate Payment of Tuition and Other Charges
An individual who registers as a student at MIT agrees to pay all charges on their account when due, and acknowledges that the Institute may charge a hold fee, suspend registration, revoke Institute services, and withhold the degree if these charges are not paid.
Student Financial Services (SFS) gathers, bills, and collects student charges and provides a student account statement of all activity. These charges originate in the offices from which the student receives Institute services. SFS bills by posting a monthly billing statement on MITPay—MIT's secure, online billing and payment system. The statement is posted on the 10th of the month and SFS sends students a monthly email reminder to check the statement and pay any balance due. The statement includes charges (e.g., tuition, fees, housing, and library fees), payments (financial aid, tuition awards), additional amounts due, and payment deadlines.
For more detailed information regarding the cost of attendance, including specific costs for tuition and fees, books and supplies, housing and food as well as transportation, please visit the SFS website.
Payment in full or a satisfactory arrangement for payment is due by August 1 for the fall term and by January 1 for the spring term. New charges that occur after the initial statement will appear on a subsequent statement. If a student anticipates that they may not be able to pay the entire amount due by the term bill due date, they should consider the MIT Monthly Payment Plan.
The MIT Monthly Payment Plan allows students to pay their balance in monthly installments interest-free. The terms and conditions of the monthly payment plan are available on the SFS website. Enrollment can be accessed through MITPay.
SFS also offers information on federal student loan programs as additional options for eligible U.S. citizens and permanent residents.
A student who does not pay the balance due or make satisfactory arrangements for doing so will have a registration or degree hold placed, as well as being charged a hold fee of $100. The balance due, including the hold fee, must be paid in full before the hold can be released.
Notifications to Graduate Students with Unpaid Balances
In the fifth week of the term, SFS will reach out to graduate students who have an unpaid balance on their student account and who have not made satisfactory arrangements for payment of the balance. These students will be notified of MIT’s financial hold policy through the billing system as well as by email. SFS will send out a second reminder email and billing notification after the 11th week of the term, again notifying students of MIT’s financial hold policy.
Policy on Graduate Student Financial Holds and Other Actions
Graduate students who have not paid their prior term balances or made satisfactory arrangements to resolve their financial situation will not be allowed to register for subsequent terms, will not receive credit retroactively, will be charged a $100 hold fee, and may be restricted from Institute services. The student account must be paid in full before a degree can be awarded.
Student accounts unpaid after the student has left MIT for any reason may be reported to credit bureau agencies and/or sent to an outside collection agency and assessed additional fees on the outstanding balance. Please visit the SFS website for more information and to review the Student Financial Responsibility Statement.
