The combined tuition and student fees have increased by 1.9% in 2023, from $82,996 in 2022 to $84,606 in 2023, whereas this rate slightly escalated to a 2.7% increase in 2024, reaching $86,956.
Tuition Fee Inflation (MIT): Low
Housing costs have been fluctuating since they first decreased by 27% in 2023, from $17,100 in 2022 to $12,380 in 2023, and then further increased by 30% in 2024, reaching $16,200 which is still less than that of 2022 Housing cost.
Housing Inflation (MIT): Low
Cost of Food and transportation has been increasing by 3% to 4% each year, whereas personal expenses have also increased by 5% to 6%.
Food Inflation (MIT): Moderate
Overall, the total annual cost for the MIT MBA program saw a fluctuation, first decreasing by 1.8% in 2023, from $119,995 in 2022 to $117,749, and then increasing by 5.8% in 2024, reaching $124,744.
Total Cost Trends (MIT): Low to Moderate
Download: F1GMAT’s MIT Sloan MBA Essay Guide
Recommended Read: MIT Sloan MBA Total Cost and Funding Tips
