RANK: 1, Best Selective Colleges Next
Overall Score: 100

Massachusetts Institute of Technology

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 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.


Est. full price 2022-2023
% of students who get any grants
Est. price for students who receive aid
Average price for low-income students


Acceptance rate
Median SAT/ACT score
SAT/ACT required?
Undergraduate enrollment

Financial Aid

% of students with need who get grants
% of need met
% of students who get merit grants
Average merit grant

Student Success

Graduation rate
Average time to a degree
4.1 years
Median student debt
Early career earnings
% earning more than a high school grad

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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