This student budget represents the standard Cost of Attendance set by Student Financial Services, and it can vary only slightly depending on family size. This figure represents the limit on all forms of financial aid, including scholarships, fellowships and student loans. Additional living costs may vary widely, depending on your lifestyle, the size of your household, and other personal details. Most of our graduate students make one tuition payment before each term (August 1 for Fall and January 1 for spring). Students also can choose the MIT monthly payment plan, which allows them to pay tuition in ten installments over the course of the year. $74,200(the first acdemic year),$73700(the second acdemic year)