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The Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts, United States.

Founded in 1861 in response to the increasing industrialization of the United States, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering.

During these "Boston Tech" years, MIT faculty and alumni rebuffed Harvard University president (and former MIT faculty) Charles W.

Eliot's repeated attempts to merge MIT with Harvard College's Lawrence Scientific School.

Several major computer-related organizations have originated at MIT since the 1980s: Richard Stallman's GNU Project and the subsequent Free Software Foundation were founded in the mid-1980s at the AI Lab; the MIT Media Lab was founded in 1985 by Nicholas Negroponte and Jerome Wiesner to promote research into novel uses of computer technology; Despite diminishing government financial support over the past quarter century, MIT launched several successful development campaigns to significantly expand the campus: new dormitories and athletics buildings on west campus; the Tang Center for Management Education; several buildings in the northeast corner of campus supporting research into biology, brain and cognitive sciences, genomics, biotechnology, and cancer research; and a number of new "backlot" buildings on Vassar Street including the Stata Center.

MIT is often cited among the world's best universities by various organizations.

The school has a strong entrepreneurial culture and the aggregated revenues of companies founded by MIT alumni would rank as the eleventh-largest economy in the world.

The true and only practicable object of a polytechnic school is, as I conceive, the teaching, not of the minute details and manipulations of the arts, which can be done only in the workshop, but the inculcation of those scientific principles which form the basis and explanation of them, and along with this, a full and methodical review of all their leading processes and operations in connection with physical laws.

The work done there significantly affected both the war and subsequent research in the area....a special type of educational institution which can be defined as a university polarized around science, engineering, and the arts.

We might call it a university limited in its objectives but unlimited in the breadth and the thoroughness with which it pursues these objectives. A 1949 report noted the lack of "any great slackening in the pace of life at the Institute" to match the return to peacetime, remembering the "academic tranquility of the prewar years", though acknowledging the significant contributions of military research to the increased emphasis on graduate education and rapid growth of personnel and facilities.

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The report comprehensively reviewed the undergraduate curriculum, recommended offering a broader education, and warned against letting engineering and government-sponsored research detract from the sciences and humanities.

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  1. Most students receive loans from a different borrower every year, if not every semester, so it is commonplace to have 8-10 student loan payments due every month when you finally graduate.