Massachusetts Institute of Technology: MIT

Established On:  April 10, 1861

Motto                                                 Employees

• Mens et manus—“Mind and Hand”                                  Approximately 11,380

        Campus

• 168 acres in Cambridge, Massachusetts
• 18 student residences
• 26 acres of playing fields

         Faculty                                                                                      Research Expenditures               

• Professors (all ranks): 1,030                                            $674.3 million
• Other teaching staff: 779

Expenditures$2,908.6 million

Students, Academic Year 2013–2014 Total: 11,301 Undergraduates: 4,528 Women: 2,041 (45%) Minorities: 2,305 (51%) Graduate students: 6,773 Women: 2,121 (31%) Minorities: 1,339 (20%)	International Students, 2013–2014 Undergraduates: 435 Graduate students: 2,746 Exchange, visiting, special students: 369
Undergraduate Cost, 2013–2014 Tuition: $43,210 Room and board: $12,744	Undergraduate Financial Aid, 2012–2013 Students receiving some form of financial aid: 90% Students awarded a need-based MIT scholarship: 58% MIT families earning less than $75,000 annually: 32% Average need-based financial aid award: $40,952

Freshman Admission, Class of 2017                                 Undergraduate Majors and Minors

• Applicants: 18,989                                                           Major programs: 46

• Admits: 1,548                                                                   Minor programs: 49
• Percentage admitted: 8.2%
• Applications for freshman admission were received from 18,989 candidates.
• Admission was offered to 1,548 candidates (8.2 percent), of whom 1,115 enrolled.
• Approximately 45 percent of the freshman class was female.
• A majority had attended public high schools.
• Seventeen percent were among the first generation in their family to attend college.
• Eight percent were international citizens hailing from 52 countries.
• Forty-eight US states were represented.

MIT's Total Teaching Staff
Professors	661
Associate professors	199
Assistant professors	170
Senior lecturers, lecturers, and professors emeriti	587
Instructors (including technical instructors)	156
Selected Undergraduate Financial Aid Statistics, 2012–2013
Average net price of an MIT education	$38,046
Average need-based MIT scholarship	$33,697
Average need-based financial aid award	$40,952
Students awarded a need-based MIT scholarship	58%
Students receiving some form of financial aid	90%
MIT families earning less than $75,000 annually	32%
Class of 2013 graduates with student loan debt	41%
Average student loan debt for those who borrowed	$18,000
Median debt at graduation for those who borrowed	$11,000
Average term-time earnings for those who worked	$3,050

SCHOOLS

School of Architecture and Planning	School of Engineering
School of Humanities, Arts, and Social Sciences	MIT Sloan School of Management
School of Science	MIT-WHOI Joint Program in Oceanography and Applied Ocean Science and Engineering

DEGREES OFFERED

Bachelor of Science (SB)                                                                            Master of Architecture (MArch)

Master of Business Administration (MBA)                                                   Master in City Planning (MCP)

Master of Engineering (MEng)                                                                             Master of Finance (MFin)

Engineer (each degree designates the field in which it is awarded)                 Master of Science (SM)

Doctor of Philosophy (PhD)                                                                                Doctor of Science (ScD)

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