Massachusetts Institute of Technology*
International student loans for MIT are available between US$2,001 and US$100,000.
*Massachusetts Institute of Technology does not endorse MPOWER’s loans and MPOWER is not affiliated with Massachusetts Institute of Technology.
About the Massachusetts Institute of Technology (MIT) and MPOWER
Massachusetts Institute of Technology (MIT), known for its distinguished scientific and technological research, ranks as one of the top universities in the U.S. MIT prides itself on not only its academic rigor, but also on its innovative and curiosity-driven student body. Students embody the university’s social service values, finding practical applications for creating a global return impact.
MIT is one of MPOWER Financing’s 500+ eligible universities. If you dream of studying at an esteemed U.S. institution like MIT but don’t know how to fund it, MPOWER offers no-cosigner, no-collateral private loans to help finance your education.
An international education from an elite institution can be expensive. An MPOWER student loan can make it possible to cover your expenses with competitive interest rates and no prepayment penalties. MPOWER is invested in your future, MPOWER customers gain access to exclusive professional development services, from networking tips to resume building to an F-1 eligible job directory.
According to the 2024 IIE Open Doors Report, MIT is one of the most globally diverse universities in the nation, with a total of 2,090 international students enrolled for the 2022-2023 school year.
Massachusetts Institute of Technology campus life
Cambridge, Massachusetts
Cambridge is a beautiful city to call home, with tree-lined streets, pedestrian-friendly walkways and a lively city center. Home to some of the world’s top IT corporations and research institutions, Cambridge is internationally recognized as an innovation hub. Massachusetts Institute of Technology’s campus life adds to the city’s diversity with university students from across the globe in attendance.
Some fun facts about campus life at Massachusetts Institute of Technology:
Massachusetts Institute of Technology highlights
MIT attracts international students from over 130 countries, making up about 29% of total student enrollment. MIT has an intercultural engagement committee to support its diverse student population.
MIT offers need-blind admissions and full-need financial aid for students with demonstrated financial-need, including international students.
With nearly 149,000 alumni, MIT has one of the strongest networks globally. MIT alumni have a robust list of founders, chief executive officers, engineers, inventors, and more well-respected positions.
Commonly selected study programs for MPOWER students at Massachusetts Institute of Technology
With 30 academic departments across five schools and one college, Massachusetts Institute of Technology courses offer a strong education for international students looking to explore a wide range of subjects. No matter their selected course of study, MIT students work closely with faculty and alongside peers who bring knowledge and expertise from across the globe. Here are a few of their top degrees to choose from with popular Massachusetts Institute of Technology programs.
Massachusetts Institute of Technology cost
Attending MIT comes with significant financial considerations, but attending a top U.S. institution can pay off in a big way. Understand Massachusetts Institute of Technology cost of education, the expected return on investment (ROI), and how MPOWER can help ease the financial burden, here’s an estimated breakdown per year:
Here’s an estimated breakdown per year (unless otherwise noted):
Tuition
US$62,000 |
Student life fee
US$400 |
Housing
US$13,000 |
Health insurance
US$3,000* |
Food
US$7,200 |
Visa and SEVIS fees
US$350* |
Personal expenses
US$2,300 |
Books, course materials and supplies
US$900 |
Travel
US$2,500* |
Massachusetts Institute of Technology cost of attendance comes from their official website as of October 2024. Please contact MIT directly or visit their site for rates specific to your program.
Trying to get an idea of the Massachusetts Institute of Technology average salary after attending undergrad? Despite the considerable cost, MIT has one of the best long-term ROIs in the nation according to U.S. News & World Report, with a 40-year median return on investment of US$2,490,000. Moreover, the average starting salary for an MIT graduate right out of college is US$126,841. If your funds fail to cover the initial expense, MPOWER Financing can help cover Massachusetts Institute of Technology cost of education with loans for tuition, fees and other expenses.
Jumpstart your dream career in the U.S. today!
Disclaimer: Specific cost breakdowns at Massachusetts Institute of Technology include health insurance costs are required for international students. Visa and SEVIS fees are a one-time fee for first-time students. Travel can range from US$1,500 to US$4,000.
To apply, you’ll need strong SAT/ACT scores, high GPA and impressive extracurriculars. Also you’ll be required to submit application essays and recommendation letters.
MIT and Harvard both stand as top-tier universities, each with its unique strengths. MIT excels in technology and engineering, while Harvard shines in humanities and social sciences.
MIT’s acceptance rate is low, reflecting its competitive admissions process. Strong academic and personal achievements are essential. Massachusetts Institute of Technology acceptance rate is around 4%, making it highly selective.
MIT is known for its cutting-edge research and innovation in technology, engineering and scientific disciplines.
No, MIT isn’t part of the Ivy League, but it’s recognized globally for its excellence in many academic fields
DISCLAIMER – Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.
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