In this in-depth MIT Sloan MBA Cost Breakdown and Funding Tips, we cover
- MIT Sloan MBA - Tuition Fees (1-Year)
- MIT Sloan MBA - Total Cost (1 years)
- MIT Sloan MBA - Total Cost (2 years)
- MIT Sloan MBA Cost: 2025-26 VS. 2024-25
- MIT Sloan MBA – Funding Tips
- MIT Sloan MBA Scholarships
- MIT Sloan MBA Fellowships
- MIT Sloan MBA Fellowships - With Separate Applications
- MIT Sloan MBA Loans and Other Resources
MIT Sloan MBA - Tuition Fees (1 Year)
For the 2025–26 academic year, MIT Sloan has set the MBA tuition at $89,000 per year, which includes a mandatory $2,200 annual MBA program fee.
Compared to last year’s tuition of $86,550, this represents an absolute increase of $2,450, translating to an approximately 2.8% year-on-year rise. This increase places MIT Sloan toward the middle of the range among top U.S. MBA programs, reflecting a controlled tuition adjustment rather than an aggressive repricing.
At the program level, total tuition for the full two-year MBA now amounts to $178,000, inclusive of mandatory program fees but exclusive of living and personal expenses.
MIT Sloan MBA - Total Cost (1 Year)
MIT Sloan publishes its cost of attendance based on a full 12-month academic year, meaning no additional adjustments are required to annualize living costs.
For the first year of the MBA, the total estimated cost of attendance is $143,080.
This figure includes tuition ($89,000), general fees ($420), health insurance ($4,572), housing ($21,600), food ($9,960), books and supplies ($1,500), personal expenses ($10,056), transportation ($3,672), and a one-time computer expense of $2,300, which is incurred only in the first year of the program.
Taken together, the cost structure highlights that while tuition is the dominant component, living expenses in the Cambridge–Boston area form a substantial portion of the annual budget, particularly housing and personal costs.
MIT Sloan MBA - Total Cost (2 Years)
To estimate the full cost of the two-year MIT Sloan MBA, annual expenses are carried forward across both years, with one important adjustment: the computer fee is charged only once, in the first year.
Excluding the one-time computer expense, the recurring annual cost comes to $140,780. Accordingly, the total estimated cost for the complete two-year MBA program at MIT Sloan is $283,860.
The table below represents the cost breakdown of the MIT Sloan MBA program for one academic year.
| MIT Sloan MBA Cost 2025-26 | Expenses |
| Tuition | $89,000 (includes mandatory $2,200 per year MBA program fee) |
| Fees | $420 |
| Health insurance* | $4,572 |
| Housing | $21,600 |
| Food | $9,960 |
| Books & Supplies** | $1,500 |
| Personal | $10,056 |
| Transportation | $3,672 |
| Computer (First year only) | $2,300 |
| Total first year cost of attendance | $143,080 |
*Cost of Health Insurance (unless waived): $3,237 ($1,349 fall/$1,888 spring).
**While you are responsible for purchasing textbooks, all required course packs are included in the tuition cost.
Cover Letter Question: Please submit a cover letter seeking a place in the MIT Sloan MBA program. Your letter should conform to standard business correspondence, include one or more professional examples that illustrate why you meet the desired criteria above, and be addressed to the Admissions Committee (300 words or fewer, excluding address and salutation).
Short Answer Question: How has the world you come from shaped who you are today? For example, your family, culture, community, all help to shape aspects of your identity. Please use this opportunity if you would like to share more about your background. (250 words or less.)
Video Questions
Question 1: Introduce yourself to your future classmates. Here’s your chance to put a face with a name, let your personality shine through, be conversational, be yourself. We can’t wait to meet you!
Question 2: All MBA applicants will be prompted to respond to a randomly generated, open-ended question. The question is designed to help us get to know you better; to see how you express yourself and to assess fit with the MIT Sloan culture. It does not require prior preparation.
Video Question 2 is part of your required application materials and will appear as a page within the application, once the other parts of your application are completed. Applicants are given 10 seconds to prepare for a 60-second response.
The following are examples of questions that may be asked in the Video Question 2:
• What achievement are you most proud of and why?
• Tell us about a time a classmate or colleague wasn’t contributing to a group project. What did you do?
MIT Sloan MBA Cost: 2024-25 VS 2025-26
The cost of attending the MIT Sloan School of Management MBA rose notably in 2025–26 compared with the previous year, with increases spread across multiple expense categories rather than concentrated in a single line item.
Increase in Tuition Fees
Starting with the core educational charge, tuition increased from $86,550 in 2024–25 to $89,000 in 2025–26, an outright rise of $2,450, or nearly 2.8%.
Beyond tuition, Sloan’s general fees edged up from $406 to $420, a small percentage increase that corresponds with administrative cost adjustments typical in MBA program budgets.
Increase in Health Insurance Cost
The most prominent shifts appear in living and personal expense categories. Health insurance premiums climbed from $3,237 to $4,572, an increase of about 41%, which stands out as larger than expected relative to other items.
While part of this may reflect adjustments in the plan offered through Sloan, it also mirrors broader regional and national health cost inflation among working-age adults, where insurance premiums and medical care costs have outpaced headline inflation in recent years.
Increase in Housing Cost
Housing costs also show a notable increase. Sloan’s cost estimate for housing moved from $19,800 to $21,600, roughly a 9.1% rise. This move is consistent with the ongoing strength of the Greater Boston housing market, where rents remain elevated due to constrained supply and strong demand, often requiring annual adjustments of 2–4% or more.
Increase in Food and Dining Cost
Food and dining costs at Sloan increased from $7,290 to $9,960, a substantial jump of nearly 37%.
Increase in Books and Supplies
Books and supplies, traditionally one of the more stable categories, also rose from $1,089 to $1,500, a 38% increase.
Increase in Personal Expenses
Personal expense estimates climbed from $8,308 to $10,056, reflecting higher projected discretionary and non-essential spending for students, and transportation allowances increased from $2,664 to $3,672, consistent with broader cost pressures in services and mobility in the Boston metro.
Increase in Total Cost
All told, the total cost of attendance increased from $132,344 in 2024–25 to $143,080 in 2025–26, a year-over-year rise of approximately 8.1%. While overall inflation in the Boston area hovered near 2.8%, Sloan’s cost estimates grew more rapidly, particularly in categories tied to health insurance, food, and personal expenses, suggesting that program-specific budgeting choices and metered cost assumptions also played a role in addition to external inflationary trends.
| Expenses | MIT MBA Cost 2024-25 | MIT MBA Cost 2025-26 |
| Tuition | $86,550 | $89,000 (includes mandatory $2,200 per year MBA program fee) |
| Fees | $406 | $420 |
| Health insurance | $3,237 | $4,572 |
| Housing | $19,800 | $21,600 |
| Food | $7,290 | $9,960 |
| Books, Supplies & equipment | $1,089 | $1,500 |
| Personal Expenses | $8,308 | $10,056 |
| Transportation | $2,664 | $3,672 |
| Computer (one time Cost) | $2,000 | $2,300 |
| Total cost of attendance | $132,344 | $143,080 |
*unless the health insurance is waived, it will cost $1,349 in fall/$1,888 in spring.
Related: MIT Sloan MBA Cost Trends
MIT Sloan MBA - Funding Tips
Following acceptance into the program, all students intending to apply for loans, including international students, must submit the MIT Graduate Loan Application form to MIT Student Financial Services.
US citizens and permanent residents need to fill out the Free Application for Federal Student Aid (FAFSA).
The Student Financial Services office determines the amount that students may borrow. If students travel with their significant other and/or dependents, their loan limits may not cover the additional expenses listed in the cost table.
To finance the MIT Sloan MBA program, students can choose various options such as MIT Scholarships, Additional Funding Sources, Other Scholarships, Grants, or Loans.
MIT Sloan MBA Scholarships
Newly enrolled MBA students are considered for fellowships and scholarships through MIT Sloan and other MIT departments or organizations. These awards are given to incoming students after a review process separate from admissions.
Admitted applicants may be eligible and considered for several fellowships that require separate applications.
How Financial Need is Calculated at MIT Sloan MBA?
MIT Student Financial Services office determines the total cost of attendance on an annual basis (a summary we have captured below in the table). This figure is a cap on the total amount of assistance candidates are eligible to receive (including scholarships, fellowships, Teaching Assistantships, as well as federal or private student loans).
The Financial Aid office deducts the total cost of living from the tuition and fees to assess the financial need.
Essay Editing - Consult with Atul Jose (Essay Specialist, F1GMAT)
The skills that a writer/editor brings to the table are different from what a former admissions officer or a consultant who has limited writing skills brings
Review Skills # Writing Skills
Movie Critics # Movie Directors
For any questions about the service, email me, Atul Jose, at editor@f1gmat.com
As F1GMAT’s Lead Consultant and Essay Specialist, I will help you structure the essay by:
1) Incorporating your Personal Brand
I will help you find unique life experiences that would differentiate you from the highly competitive MIT MBA application pool.
2) Including Storytelling elements
I have developed a keen sense of storytelling from over a decade and a half of editing essays and writing essay examples for F1GMAT’s Essay Guides.
The skills that a writer/editor brings to the table are different from what a former admissions officer or a consultant who has limited writing skills brings
Review Skills # Writing Skills
Movie Critics # Movie Directors
It is easy to comment, but it is tough to structure the essay from the perspective of the applicant and turn the essay into a winning application essay.
3) Aligning with the Culture of the School
A big part of editing and guiding applicants is in educating them about the culture of the school
Some schools have very ‘specific’ traits that they are looking for in an applicant.
If you don’t highlight them and lean towards general leadership or cultural narratives, the essay won’t work.
I will guide you through the writing process.
I will also iteratively edit the essays without losing your original voice.
MIT Sloan MBA Fellowships
MIT Sloan fellowships are funded by individuals, corporations and foundations. These fellowships are offered to both first-year and second-year students. Typically, second-year students have an academic criterion to earn the fellowship.
There are no separate applications for fellowships. The rule applies to applicants from all nationalities and visa statuses.
| MIT Sloan Fellowships (No Applications Required) | ||||
|---|---|---|---|---|
| 42 Analytics Fellowship | Samuel (2003) and Alexandra Epee-Bounya Fellowship | Kenedix Fellowship | Rajaram Family Fellowship | Thomas J. Vincent (1968) Fellowship |
| Tamotsu Adachi (1983) Fellowship | Exxon Education Foundation Fellowship | Sara and Frederic (2009) Kerrest Fellowship | Karen and Jack (1947) Rizika Fellowship | Wilke Leadership Inclusion Fellowship |
| Admadjaja Family Fellowship | Hala Frangie Fadel (2001) Fellowship | Ketterson Family Fellowship | Samsung Fellowship | Ronald A. Williams (1984) and Cynthia Williams Fellowship |
| Jim and Sara Anderson Fellowship | Alexis (1967) and Leticia Falquier Fellowship | Assia Khellaf (1992) and Vedat Eyuboglu Fellowship | Sadeq Sayeed (1985) Fellowship Fund | Thomas R. Williams (1954) Fellowship |
| Antonios and Ioannis Angelicoussis Foundation Fellowship | Bill and Lisa Ford Fellowship | Yu-Ting Kuo (1994) Fellowship | Paul K. (1947) and Mary L. Schilling Fellowship | Pengfei Xie (1997) and Yufei Wang (1998) Fellowship |
| ASEAN Fellowship | Global Opportunities Fellowship | Eivind Lange (1981) Mary Puma (1981) Fellowship | Serge (1996) and Pascale Schoen Fellowship | Connie (1995) and Paul (1991) Yang Fellowship |
| ASEAN Fellowship and Student Support | Robert P. Goldberg (1965) Fellowship | Lebanese International Finance Executives (LIFE) Fellowship | Louis E. and Theresa Seley Fellowship | Xiaodong Zhang (2006) Fellowship |
| Beatrice Ballini (1986) Fellowship | Gordon-Bluestein Fellowship | Lin Family Fellowship | Shahril Shamsuddin (1996) Fellowship | Joseph E. Eastin (2015) Fellowship |
| Borromeo Fellowship | Gordon Family Sloan Fellowship | Lo Family Fellowship | Miriam Sherburne Fellowship | Marzio Keiling Sloan Masters Fellowship |
| Caireta Family Fellowship | MIT Sloan Guo Heng Fellowship | Gernot Lohr (1998) and Lara Zibners Lohr Fellowship | Alexander H. Shing (2000) Fellowship | Chin Chin and Garrison Qian Fellowship |
| Mariafrancesca Carli-Josselyn (1992) Fellowship | Bassim (2002) and Maha Halaby Fellowship | Stephen E. Mermelstein (1976) Fellowship | Stone Masters Fellowship for Women | VGS Foundation Fellowship |
| Tim (1975) and Nancy (1976) Chan Fellowship | Ivy Head Family Fellowship | Sunshik Min MBA Fellowship | Shivan S. Subramaniam (1978) Fellowship | Henry B. DuPont Fellowship |
| Philip M. Condit (1975) Fellowship | LCP Ho Fellowship | Philip (1998) and Winnie Mok Fellowship | FM Global Fellowship in Honor of Shivan Subramaniam (1978) | John E. Jamerson (1977) Fellowship |
| F. Hudnall Christopher Jr. (1959) Fellowship | Luli Yeh and Tsu Ho Hong Fellowship | Elizabeth Monrad Diversity Fellowship | Lester Thurow Fellowship | Robert Pozen Fellowship |
| Betsy and Stephen (1958) Corman Fellowship | Mindy Hsu (2006) and David Lee (2004) Fellowship | Nath Fellowship | Kim Sai Toh (2002) Fellowship | Verma Family Fellowship |
| Linda Archer Cornfield Fellowship | Ed and Caroline Hyman Fellowship | Pechacek Fellowship | Dr. Kiyoyuki (1987) and Machiko Tsujimura Fellowship | Sloan Veterans Fund |
| Jean-Jacques Degroof (1993) Fellowship | Iman Foundation Fellowship | Thomas R. Petersen Memorial Fellowship | Theodore Vassilakis Fellowship | Gustavo A. Pierini (1987) Fellowship |
| Rafael del Pino (1986) Fellowship |
MIT Sloan MBA Fellowships - With Separate Applications
Several fellowships have separate application processes. They are awarded by their respective organizations. Following is the list of such fellowships that require separate application process.
| MIT Sloan MBA Fellowship (Applications Required) | Awarded to |
| Aker Scholarship | Norwegian students |
| Fundacion Gondra Barandiaran | Two Spanish nationals who obtained their engineering degrees from a Spanish university |
| Kennedy Memorial Trust Scholarships | British students |
| MIT-China Scholarship Council Fellowship Program | citizens of the People’s Republic of China |
| MIT Sloan Social Impact Fellowships | Students taking major societal challenges during the summer internships |
| NEEKEYFAR Fund Award | 4 students who are citizens of Iran are provided a $5,000 stipend (one-time) |
| Robert B. Guenassia Award | 5 students from either the Ecole Centrale or the Lycée Louis le Grand are provided a $5,000 stipend (one-time) |
| Yellow Ribbon GI Education Enhancement Program | veterans of the U.S. military |
MIT Sloan MBA Loans and Other Resources
Students may also apply for additional financial aid from outside foundations and organizations. The Office of Graduate Education assists in collaborating with such organizations. Once admitted, Sloan's Student Funding office leads in the search to find external awards.
In addition to loans under the student’s name, parents of the students can also avail of educational loans based on different collateral and income criteria.
Federal Direct Loan
Dependent graduates are eligible to borrow up to a federally set annual limit for subsidized and/or unsubsidized loans. $5,500 for the first year, $6,500 for the second year, and $7,500 for the junior and senior years. Students can visit studentaid.gov for information on interest rates and loan limit charts.
Direct Subsidized Loan (for U.S. students): The loan amount in this type of loan is determined by financial need. No interest is added up to six months after students graduate, leave school, or drop below the half-time enrolment.
What is the half-time enrolment?
As the name suggests – students who have completed only half the duration of the entire course. In the case of MIT Sloan MBA – 1 year.
Direct Unsubsidized Loan (for U.S. students): The loan amount is not determined by the financial need of this loan type. This loan accrues interest while students are enrolled, and repayment is not required until six months after the students graduate, leave the school, or drop below half-time enrollment.
Students who are federally independent or whose parents have been denied a Direct Parent PLUS Loan may borrow an additional $4,000 per year for the first and second years and $5,000 per year for the third and fourth years.
Direct Parent PLUS Loan (U.S. domestic parents only): This loan can help students spread out their education costs over time. Parents may borrow up to the total cost of education, less any student financial aid, such as student loans.
MIT Technology Loan (international undergrads only): Students can borrow up to $3,400 without a cosigner with this type of loan. An additional $2,000 may be available, but a creditworthy cosigner is required. Students must have received an MIT Scholarship, be enrolled at least half-time, and not be in default on any prior education loans to be eligible for this loan.
Students must pay no interest until nine months after graduation or withdrawal, after which they must pay 7% interest. The repayment period is within ten years, and the minimum monthly repayment for this loan is $50.
Private Loans
Private loans are provided by third-party lenders and can be obtained by students or their families. Students should only consider private loans after they have exhausted their federal loan options. Private loan terms and conditions, as well as interest rates, are less favorable, and often the interest rates are 2 to 5 % higher.
Related Download: MIT Sloan MBA Cover Letter and Essay Guide (Includes Samples)
Is MIT Sloan MBA right for you?
Reach out to me Atul Jose through our free MBA Admissions Consulting session, or add me through LinkedIn to find your admission chances for MIT Sloan MBA.
Reference
MIT Sloan MBA - Financing an MBA