#3. Massachusetts Institute of Technology
Location: Cambridge, MA
In-state tuition: $45,016
Out-of-state tuition: $45,016
Acceptance rate: 7.9 percent
Average SAT score: 2230
Undergraduate enrollment: 4,512
The Massachusetts Institute of Technology is a private research university founded in 1861. Informally referred to as "Boston Tech" in its early stages, the school faced a long delay during its first years due to the Civil War. The first classes were held in 1865.