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3. Massachusetts Institute of Technology, Boston, United States – $65,000
Everyone knows this institution as MIT, however, only few know that this comes from its full name, Massachusetts Institute of Technology, and was founded in 1861. MIT graduates are hired by ground-breaking companies like Google, Boeing, and Apple and earn an average salary of over $80,000. More than 50% of all graduates go straight into a job after graduation.
Of 26,914 applications for undergraduate study in 2023, only 1,259 were given a place. For those undergraduates that do make it, tuition and fees cost a little over $48,452, which isn’t too bad in comparison with other universities. But once room, board, books, and other materials are added, parents will spend approximately $65,478 per year.
Renowned for engineering and the physical sciences, space, and computing programs, MIT graduates have featured as a third of the astronauts in manned US space flights. Buzz Aldrin is an alumni. As the MIT story goes: “We are fun and quirky, elite but not elitist, inventive and artistic, obsessed with numbers, and welcoming to talented people regardless of where they come from.”