Basically, you are looking for presentable, comfortable clothes in which you feel at ease.
sport coat and gray trousers should do fine. MIT is surprisingly hip so dont look too square, but at the same time dont be too casual. Make sure your cellphone is off (completely). Dress at least in a dressy casual manner (if you e a guy, polo shirt and khaki pants or something similar); if you feel so inclined, you e not going to be faulted for wearing a suit and tie (I did to my laid-back college, and I got in with a full-tuition scholarship). If you have piercings in weird places, now is the time not to insert a ring into them. Cover up any tattoos. Don overdo cologne or perfume (consider not putting any on in fact). Make sure you look clean and presentable. Arrive at least ten minutes early and wander around until about four or five minutes to go and then head to the appropriate person (receptionist/secretary) and politely state your arrival.