I have one of my cousins studying at Madras Institute of Technology. So here, is what it feels like to be at MIT.

You are going to learn a lot from MIT and gain experience about how to be social and develop relations. The classes don’t run from morning to evening. You will have a lot of free time to explore the campus. You can either go and watch movies, hang out with friends, join cultural activities, etc. For class attendance, if you have above 65% attendance then it will also work.

• Syllabus: MIT teaches an old syllabus, which is not of use in the practical world. You can read books and attend OCW lectures to gain knowledge. 
• Faculty: MIT faculty is not very promising. They don’t elaborate on their notes, neither give an answer to a student's question.
• Extra-Curricular Activities: MIT first-year students have to join NCC, NSO, YRC. All the coaches and mentors will show and teach you the toughest lesson of your life. 
• Activities: You can also get involved in team projects or co-curricular activities, where you will learn about team management, leadership, peer relationship, stress management, etc. You also get to know your college mates. And might become friends with someone. 
• Internships: You must make sure that you learn something out of these internships. Otherwise, it will not be fruitful in your learning. Most of the time, time spent during these internships are better than doing the internship itself.
• Projects: MIT projects are not very challenging. Even if you make a basic quadcopter, they will make you believe it is the best you can do. Hence, MIT academic quality detonated by passing time. 

Therefore, MIT will make you only pass the college. You are not allowed to ask questions or take any new project in hand. It may be good for you if you are adamant to work hard.