MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT)

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The Massachusetts Institute of Technology (MIT) is a private research university that was founded in 1861. It is located in Cambridge, Massachusetts across the Charles River from downtown Boston. MIT is part of an intellectual community that includes Harvard University and Wellesley College, a cross-registration partner. It has a total undergraduate enrollment of 4,528, its setting is urban, and the campus size is 168 acres. It utilizes a 4-1-4-based academic calendar. Massachusetts Institute of Technology's ranking in the 2015 edition of Best Colleges is National Universities, 7. Its tuition and fees are $45,016 (2014-15).

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MIT has five schools and one college which contain a total of 32 departments, is traditionally known for its research and education in the physical sciences and engineering. Among its graduate schools are the highly ranked School of Engineering and Sloan School of Management, in addition to strong programs in economics, psychology, biology, chemistry, earth sciences, physics and mathematics. The "Engineers" sponsor 31 sports, most teams of which compete in the NCAA Division III's New England Women's and Men's Athletic Conference; the Division I rowing programs compete as part of the EARC and EAWRC. Only freshmen students are required to live on campus, but about 70 percent of students choose to remain on campus during their four years. The MIT Engineers boast more than 30 NCAA Division III teams, and their mascot is a beaver, which MIT chose because of its "remarkable engineering and mechanical skill and its habits of industry." Each class designs a unique ring called the "Brass Rat" that is revealed during sophomore year, a tradition that dates back to 1929.

MIT is often cited as among the world's top universities. Its community includes 78 Nobel laureates, 53 National Medal of Science winners, 41 MacArthur Fellows and 27 National Medal of Technology and Innovation winners.  MIT has a strong entrepreneurial culture and the aggregated revenues of companies founded by MIT alumni would rank as the eleventh-largest economy in the world.

Mission

The mission of MIT is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century. The Institute is committed to generating, disseminating, and preserving knowledge, and to working with others to bring this knowledge to bear on the world's great challenges. MIT is dedicated to providing its students with an education that combines rigorous academic study and the excitement of discovery with the support and intellectual stimulation of a diverse campus community. MIT seek to develop in each member of the MIT community the ability and passion to work wisely, creatively, and effectively for the betterment of humankind. 

Cost and Financial Aid

Tuition and fees: $45,016 (2014-15)

Room and board: $13,224 (2014-15)

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