Best Colleges in America 2022
college_name
RANK: 1, Best Selective Colleges Next
Overall Score: 100

Massachusetts Institute of Technology

Cambridge, MA http://web.mit.edu/
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 11 Nobel laureates currently on the faculty. Students can count on a lot of individual attention from their professors, given that MIT is tied for having the lowest student-faculty ratio in Money's universe. All that hard work reaps rewards, as most of the 94% of Techies who graduate within six years tend to do well. The median salary a decade after enrolling tops $111,000, impressive even for similarly tech-focused colleges. While the school isn't exactly a bargain, it awards need-based scholarships to about 60% of undergrads, and the average scholarship is more than $45,000. MIT has a 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, Techies are known for creative, nerdy fun, like playing Quidditch or experimenting in the Laboratory for Chocolate Science.

Costs

Est. full price 2022-2023
$74,500
% of students who get any grants
64%
Est. price for students who receive aid
$21,100
Average price for low-income students
$5,190

Admissions

Acceptance rate
7%
Median SAT/ACT score
1540/34
SAT/ACT required?
Yes
Undergraduate enrollment
4,520

Financial Aid

% of students with need who get grants
98%
% 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
Median student debt
$13,418
Early career earnings
$111,220
% earning more than a high school grad
91%

Notes: Students who get merit grants are full-time undergraduates who had no financial need and were awarded grants. Graduation rate measures degree completion within six years for both transfer students and first-time students. Early career earnings are the median earnings for both graduates and non-completers, 10 years after they first enrolled.

Sources: U.S. Department of Education, Peterson’s, Money/Witlytic calculations.

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