Tuition and Financial Aid

Tuition

The MSRED program charges a premium tuition. Tuition for the MSRED 2022 – 2023 academic year is approximately $85,955. Please note that these tuition rates apply to students registered in the MSRED Program only. Firm tuition rates for the following year are established each spring.

Living Costs

MIT provides a realistic assessment of the costs associated with attending our program. The additional costs of housing, food, medical insurance, books, and personal items is estimated annually by the Office of Graduate Education.

MIT has a wide range of graduate student housing options. Contact the MIT Housing and Residential Services (617) 253-5148, for information on the availability and cost of student housing.

Loans

Federal Stafford Student Loan Program

Graduate students who are US citizens or permanent residents may seek loan assistance first through the Federal Stafford Student Loan Program. Application forms and details of the application procedure may be obtained at the Student Financial Services Room 11-120, (617) 253-4971. This office is also a good source of information on other types of loans that may be available.

International students who are not US citizens or who do not possess a permanent resident visa are not eligible for federal loans. They must be prepared to meet their expenses for the year without recourse to loans from the Institute.

Financial Aid

Applicants have the option to apply for our need-based Fellow and Fellowship opportunities. Apply with our financial aid form and any supporting documents in the Online Application.

Various other Fellowship and Scholarship Aid resources are offered through the Office of the Dean for Graduate Education (OGE).

CRE Fellow Programs

The MSRED program generally awards several Fellows annually. These awards are given at the discretion of the funder and may not be offered every year. Fellow Programs are substantial financial awards comprised of both tuition assistance and a stipend. 5-10 hours of work per week in a research or liaison capacity is required. Information about CRE fellow programs is made available to enrolled students as it is received by our program throughout the year.

The SREDA fellowship will fund a student interested in pursuing an MSRED degree at MIT, with a specific interest in sustainable development. This fellowship will fund an exceptional candidate, domestic applicants preferred.

The Wang Fellowship supports MSRED students interested in research related to innovative real estate technologies that are applicable to the Asia market and beyond.

The Prologis Fellow Program will fund a student interested in pursuing an MSRED degree at MIT, with a specific interest in Industrial Real Estate and Logistics Industries. This fellowship will fund an exceptional candidate with priority given to those with limited financial resources.

CRE Fellowships

The MSRED program offers a limited number of fellowships. These awards are given at the discretion of the funder and may not be offered every year. Fellowships are financial awards given in smaller amounts than Fellow Programs. Unlike Fellow Programs, there is no stipend or work requirement. Fellowships are strictly tuition awards and range from $2,500-$10,000. Information about CRE fellowships is made available to enrolled students as it is received by our program throughout the year.

The SA+P Dean provides funding for an applicant from an under-represented minority applicant.

The FinVest fellowship provide funding for student interested in pursuing an MSRED degree at MIT with a specific interest in decarbonizing buildings. This fellowship will support an exceptional candidate. Applicants that speak Portuguese are preferred.

Decarbonizing buildings is critical for governments and industry stakeholders worldwide to reach their pledged net-zero targets. The candidate will be invited to work on a project investigating the effectiveness of cutting-edge decarbonizing technologies, policies, and business models worldwide that have been recently adopted or are in test or pilot phases. The goal is to develop a comprehensive analytical framework that describes the financial value and economics of decarbonizing the built environment and explore how this could be applied to the Brazilian context. This structure will integrate engineering methods with real estate financial modeling to capture costs and benefits for building owners and operators that adopt decarbonizing technologies. It will also consider uncertainties around local regulation, market conditions, and technology development to provide investment recommendations resilient to various future scenarios.

The Center for Real Estate is proud to announce its participation in the Yellow Ribbon Program and seeks the applications of qualified veterans into its MSRED Degree program. The CRE will provide some matching funds received by an incoming student as part of the Yellow Ribbon Program.

Each year, one eligible admitted MSRED student identifying as a US Veteran will be able to take advantage of this opportunity.

The Blake Eagle Fellowship is provided to an MSRED student or students who have a demonstrated need for tuition assistance. The fund was established in honor of the contributions former Chairman Blake Eagle made to both the Center and the industry.

The Thomas J. Geraghty Fellowship gives special consideration for students pursuing their first masters degree, who are originally from the Boston area or have been living in the area for a number of years. Selection is based on this stipulation as well as financial need.

This fellowship, established for the purpose of graduate student aid, was made possible by the generous support of Theodore Spaulding Bacon Jr. He was professor emeritus of landscape architecture and regional planning at Amherst College and received his Master’s in City Planning from MIT. Mr. Bacon was an accomplished academic and businessman, maintaining his own city planning and urban development business during his teaching career at Amherst College. Offered every other year, students demonstrating financial need may apply for this fellowship.

The Mark J. Waltch fellowship is traditionally for Ph.D. students. However, in the absence of a Ph.D. student, a masters student who demonstrates financial need may be chosen.

The Donohoe Fellowship is provided to an MSRED student or students who have a demonstrated need for tuition assistance.

CRE Grad Fellowship is provided to an MSRED student or students who have a demonstrated need for tuition assistance.

The MSRED program makes every effort to pursue Fellowships, Fellow Programs, and Awards for which our students are eligible and is often called upon to make recommendations for such awards. These include, but are not limited to the: New York Women Executives in Real Estate WX Scholarship, the Legatum Fellowship, and a number of other opportunities passed along via MIT’s Office of Graduate Education (OGE).

Tuition and Financial Aid