Tuition and Fellowships


Tuition for the MSRED 2021 – 2022 academic year is approximately $79,960.  Please note that these tuition rates apply to students registered in the MSRED Program only.  It does not include other expenses such as medical insurance and living expenses. Firm tuition rates for the following year are established each spring.

Living Costs

The additional costs of housing, food, medical insurance, books, and personal items may amount to more than $18,000 for a single student. This figure is a guideline only; living expenses should be estimated individually by applicants. Contact the MIT Housing and Residential Services (617) 253-5148, for information on the availability and cost of student housing.

Loans, Fellowships & Fellow programs

Federal Stafford Student Loan Program

A graduate student who is a US citizen or permanent resident should look for 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.

Fellow Programs

The MSRED program offers a limited number of fellow programs. 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. For more information please see the FAQ section.

2019–2020 Fellowship/Fellow Programs
(2022 Opportunities Available Soon)

Yellow Ribbon Award

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 Masters in Science in Real Estate Development (MSRED) Degree.

The MSRED Program at the Center for Real Estate will match funds a student receives as part of the Yellow Ribbon Program up to $25,000 (for a total of $50,000 USD received by the student with the matching amount from the VA). 

Each year, one eligible admitted MSRED student identifying as a US Veteran will be able to take advantage of this opportunity.  If you are interested in this opportunity, please indicate your veteran status on your online application. 

Full details here


Center for Real Estate Director’s Fellow Program

This fellowship is announced for the 2018 – 2019 academic year and has been funded with internal resources from the MIT Center for Real Estate. We expect one fellowship every year for a minimum period of four years. The priority of this fellowship is directed towards domestic applicants from non-coastal U.S. states.

With a very strong applicant base from coastal states and globally, the MIT CRE is seeking to enlarge our pool of students from the US heartland. The Center is dedicated to providing an opportunity to domestic applicants to participate in the MSRED Program and promote the real estate industry in the US heartland, while simultaneously having other students and Faculty at MIT learn from its values and practices.  This fellowship is based on both financial need and academic merit. 

Full details here.


Cultivating Leadership in Real Estate Prologis Fellow Program

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, in the amount of $50,000. This fellowship will fund an exceptional candidate with priority given to those with limited financial resources.

For more information, please click here.


The William Wheaton Fellow program

Established in early 2015, the William Wheaton Fellowship is provided to an MSRED student or students who have a demonstrated need for tuition assistance. The fund was established in honor of William Wheaton, Professor Emeritus, and his contributions not only to the Center for Real Estate but also in recognition of his pioneering research and work in the field of Urban Economics.

Awarded annually, the William Wheaton Student Fellowship will be presented to students at the MIT Center for Real Estate based on financial need, career objectives, and academic standing.


Gerald Blakeley Fellow Program

The Gerald Blakeley Fellow designation is awarded to a student who not only has a financial need but also pursues the real estate industry with the same passion, imagination, innovation, entrepreneurship, and vision that Mr. Blakeley embodies.



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. Information about CRE fellowships is made available to enrolled students as it is received by our program throughout the year. For more information please see the FAQ section. Various other Fellowship and Scholarship Aid resources are offered through the Office of the Dean for Graduate Education.


Blake Eagle Fellowship

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.


Thomas J. Geraghty Fellowship

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.


The Theodore S. Bacon, Jr. (1956) Fellowship

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.


SIOR/MIT Real Estate Scholarship

This scholarship was established to recognize a Center for Real Estate student that has demonstrated excellence and has attributes consistent with SIOR’s mission to promote and support initiatives that expand, educate, and enhance the commercial real estate community.   The scholarship is jointly funded by SIOR New England, Inc. and The SIOR Foundation.


Mark J Waltch 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.


Other Awards

MIT Center for Real Estate Thesis Excellence Award

Awarded annually by the Center for Real Estate at the end of the academic year, the recipient is chosen from among several nominees in recognition of exemplary work on his or her thesis.

Exemplar Award

The Exemplar Award acknowledges a member of the class with great potential for industry leadership. The following characteristics and attributes are considered when awarding the Exemplar Award: authenticity, integrity, coalition, academic focus and achievement, leadership, responsibility, commitment to the Center and classmates, and vision.