College Comparison
Massachusetts Institute of Technology vs University of Chicago
Compare acceptance rates, costs, test scores, graduation rates, and more to find your best fit.
At a Glance
Type
Private
Private
Location
Cambridge, MA
Chicago, IL
Total Enrollment
11,886
18,566
Undergrad Enrollment
4,535
7,598
Student-Faculty Ratio
3:1
5:1
Admissions
Acceptance Rate
4.5%
4.5%
Average GPA
4.00
4.00
SAT Range
1520–1580
1510–1580
ACT Range
34–36
34–35
Test Policy
Required
Optional
Application Fee
$75
$75
Total Applicants
28,232
43,612
Cost & Value
Sticker Price
$77,870
$81,288
Avg Net Price
$20,000
$18,967
Tuition (In-State)
$57,590
$61,179
Tuition (Out-of-State)
$57,590
$61,179
Room & Board
$20,280
$20,109
% Receiving Aid
59.0%
47.0%
Avg Grant Amount
$61,734
$62,300
Outcomes
6-Year Grad Rate
97.0%
96.0%
4-Year Grad Rate
90.0%
91.0%
Retention Rate
99.0%
99.0%
Median Earnings (10yr)
$143,372
$91,885
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Explore by Location
MIT is in Cambridge, MA
Chicago is in Chicago, IL
Frequently Asked Questions
The average net price at MIT is $20,000 per year, compared to $18,967 at University of Chicago. University of Chicago is $1,033 less expensive on average after financial aid.
Admitted students at MIT typically score between 1520-1580 on the SAT (25th-75th percentile). At University of Chicago, the typical SAT range is 1510-1580. Scoring within or above these ranges will make you a competitive applicant.
MIT has a graduation rate of 97%, while University of Chicago has a graduation rate of 96%. MIT has the higher graduation rate, indicating strong student support and retention.
MIT has a student-to-faculty ratio of 3:1, while University of Chicago has a ratio of 5:1. MIT offers smaller class sizes on average, which typically means more individual attention from professors.
At MIT, 59% of students receive financial aid with an average grant of $61,734. At University of Chicago, 47% of students receive aid with an average grant of $62,300.
The median earnings for MIT graduates 10 years after enrollment is $143,372, compared to $91,885 for University of Chicago graduates. Graduates from MIT tend to earn more on average, though individual outcomes vary by major and career path.
MIT is located in Cambridge, MA in a city: midsize setting. University of Chicago is located in Chicago, IL in a city: large setting.