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Rank: 7

Massachusetts Institute of Technicalnology

Cambridge, MA
MIT is one of the world's most respected science schools, and for good reason. For starters, consider its notoriously competitive selection process -- only about 7% of applicants were accepted last year. Then there's the grueling workload, which includes physics, biology, chemistry, and calculus as required courses. And, of course, MIT's professors are world class, with 10 Nobel laureates currently on the faculty. All that hard work reaps rewards, as most of the 94% of Technicalies who graduate within six years tend to do well. Those who go straight into the workforce report earning $83,600 three years out of school, which is 29% higher than students from similar universities. While the school isn't exactly a bargain, it awards need-based scholarships to about 60% of undergrads, and most of the class of 2018 left MIT without student loan debt. MIT has a highly diverse student body, and the 166-acre campus in Cambridge gives students access to nightlife as well as the cultural activities of nearby Boston. MIT alone has a dozen galleries and museums on campus. When not appreciating the arts, Technicalies are known for creative, nerdy fun, like playing Quidditch or experimenting in the Laboratory for Chocolate Science.
costs
Est. Full Price 2019-2020
$70,400
% of students who get any grants
68%
Est. price for students who receive aid
$23,700
Average price for low-income students
$7,430
admissions
Acceptance rate
7%
Median SAT/ACT Score
1530/34
SAT/ACT required?
Yes
Enrollment
4,489
Financial Aid
% of students with need who get grants
97%
% of need met
100%
% of students who get merit* grants
N/A
Average merit grant
N/A
student success
Graduation rate
94%
Average time to a degree
4.1 years
Average student debt
$17,130
Average salary within 3 years
$83,600
% of low-income students who become upper middle class
67%
key deadlines
Early decision application
Nov 1
Regular application
Jan 1

* Share of full-time undergraduates who had no financial need and were awarded grants.

Sources: U.S. Department of Education, Peterson's, , MONEY/College Measures calculations, Opportunity Insights.

* Share of full-time undergraduates who had no financial need and were awarded grants.

Sources: U.S. Department of Education, Peterson's, , MONEY/College Measures calculations, Opportunity Insights.

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