Tuition and Fellowships
Tuition for the MSRED 2020 – 2021 academic year is $79,036. 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.
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 Graduate Housing Office (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. The maximum loan per year is $8,500. 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.
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
(2021 Programs Available Here)
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.
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.
Cultivating Leadership in real estate Prologis fellow program
The Prologis Fellowship 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 for the 2018 – 2019 academic year. 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. Students awarded this fellowship will contribute ten hours a week as an Alumni liaison.
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.
Students interested in applying for the SIOR Scholarship should send a brief (no more than 1 page) statement to Senior Program Coordinator Tricia Nesti (firstname.lastname@example.org) that speaks to:
- Goals and vision for career
- A brief rationale for candidacy
- A resume should be attached to this statement
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.
The Govan Entrepreneurship Award
The Govan Entrepreneurship Award will be awarded to the student whose thesis exemplifies a unique, entrepreneurial idea that celebrates the entrepreneurial success and legacy of MIT CRE alumni. This award is generously sponsored by MIT CRE alum Craig Govan (’94).
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.
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.
Past Fellowships and Scholarships
To view a list of past scholarships and fellowships offered at the Center for Real Estate, as well as lists of recipients, please click here.