College Comparison
Massachusetts Institute of Technology vs University of Richmond
Compare acceptance rates, costs, test scores, graduation rates, and more to find your best fit.
At a Glance
Type
Private
Private
Location
Cambridge, MA
University of Richmond, VA
Total Enrollment
11,886
3,722
Undergrad Enrollment
4,535
3,055
Student-Faculty Ratio
3:1
7:1
Admissions
Acceptance Rate
4.5%
22.2%
Average GPA
4.00
3.90
SAT Range
1520–1580
1410–1530
ACT Range
34–36
33–35
Test Policy
Required
Optional
Application Fee
$75
$50
Total Applicants
28,232
16,152
Cost & Value
Sticker Price
$77,870
$77,470
Avg Net Price
$20,000
$33,417
Tuition (In-State)
$57,590
$60,330
Tuition (Out-of-State)
$57,590
$60,330
Room & Board
$20,280
$17,140
% Receiving Aid
59.0%
56.0%
Avg Grant Amount
$61,734
$51,039
Outcomes
6-Year Grad Rate
97.0%
86.0%
4-Year Grad Rate
90.0%
82.0%
Retention Rate
99.0%
91.0%
Median Earnings (10yr)
$143,372
$76,178
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Explore by Location
MIT is in Cambridge, MA
Richmond is in University of Richmond, VA
Frequently Asked Questions
The average net price at MIT is $20,000 per year, compared to $33,417 at University of Richmond. MIT is $13,417 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 Richmond, the typical SAT range is 1410-1530. Scoring within or above these ranges will make you a competitive applicant.
MIT has a graduation rate of 97%, while University of Richmond has a graduation rate of 86%. 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 Richmond has a ratio of 7:1. 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 Richmond, 56% of students receive aid with an average grant of $51,039.
The median earnings for MIT graduates 10 years after enrollment is $143,372, compared to $76,178 for University of Richmond 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 Richmond is located in University of Richmond, VA in a city: midsize setting.