Word:
LyX (the graphical frontend to LaTeX):
For those who wish to write their theses in LyX, you can use this complete example as a template. Keep the organization of the document the same, edit "cover.tex" by hand, and otherwise replace the template content with your own. Then you will have a complete document, formatted per MIT's regulations.
LaTeX:
Or you can just write Latex code straightup using any text editors.