Massachusetts Institute of Technology (MIT) Introduction Founded in 1861 by William Barton Rogers Located in Cambridge, Massachusetts, just across the Charles River from Boston Comprised of five schools: Architecture and Planning, Engineering, Humanities, Arts and Social Sciences, Science Over 11,000 students, including 4,500 undergraduates and 6,500 graduate students Ranked #1 University in the World by QS World University Rankings (2022) Academics MIT has a strong focus on science, engineering, and technology, with a reputation for cutting-edge research and innovation. Offers undergraduate, graduate, and doctoral programs across a wide range of fields, including computer science, engineering, mathematics, natural sciences, social sciences, and humanities. MIT is known for its rigorous academics, challenging coursework, and collaborative learning environment. With world-class research facilities, including labs, centers, and institutes, students have the opportunity to work on groundbreaking research projects alongside renowned faculty members. Campus Life MIT's campus is located in the heart of Cambridge, offering easy access to the city of Boston and its cultural, historical, and recreational offerings. Over 450 student organizations covering a wide range of interests, from academic and professional groups to cultural and social clubs. Diverse community of students from all over the world, with a commitment to promoting inclusivity and diversity on campus. Thriving arts and culture scene, with numerous performance spaces, art galleries, and music venues. Extensive athletics and fitness facilities, including a state-of-the-art gymnasium, swimming pool, and sports fields. Admissions MIT is highly selective, with an acceptance rate of around 7%. Admissions criteria include academic performance, extracurricular activities, essays, and letters of recommendation. Test-optional policy for the 2021-2022 admissions cycle due to COVID-19. MIT seeks to admit students who are not only academically strong, but also demonstrate a passion for learning and a commitment to making a positive impact on the world. Financial Aid and Scholarships MIT is committed to making its education accessible and affordable to all students, regardless of their financial situation. Need-blind admissions for U.S. citizens and permanent residents, meaning that financial need does not factor into admissions decisions. Full-need financial aid for all admitted students regardless of citizenship status, covering the full cost of tuition and fees, room and board, and other expenses. Merit-based scholarships also available to exceptional students. MIT offers a range of scholarship programs, including the MIT Scholarship, the Banneker/Key Scholarship, and the Presidential Scholarship. Tuition and Fees For the academic year 2022-2023, undergraduate tuition and fees at MIT are $59,430 per year. Graduate tuition and fees vary by program, with average tuition ranging from $52,000 to $58,000 per year. International students are required to pay a Student Health Plan fee, which covers medical services and insurance, in addition to tuition and fees. Living Expenses Estimated living expenses for undergraduates for the 2022-2023 academic year are $17,810 for room and board, $2,820 for books and supplies, and $2,790 for personal expenses. Estimated living expenses for graduate students vary by program and living situation, but are generally between $30,000 and $40,000 per year.