The MIT Student Financial Services (SFS) is responsible for sending out bills and collecting payments. SFS does not post the charges on your account. Students are expected to pay their student accounts in full or arrange a satisfactory payment plan prior to Registration Day of each term. Fall tuition is charged in the middle of July and is due in the middle of August. Your bill will be sent to you electronically. Tuition for the spring term is charged in the middle of December and due in the middle of January. This bill usually contains the basic charges for tuition and student hospital insurance. Incoming freshmen are not billed until September for housing and meal plan options, since these plans may not be made until the students actually arrive.
Payments expected from scholarships, grants and loans should appear on your statement as either a direct credit (payment) or as an anticipated credit (expected payment). These credits will reduce the payment required from you. If you are a graduate student receiving a research or teaching assistantship or fellowship, you must return the Payment Information Card that you will receive with your bill in mid-July. If you do not receive the July bill, when you arrive at MIT you need to visit the Student Account Services Office and complete the Payment Information Card. If you are sponsored by a foreign agency or government, you should inform the Student Account Services Office of this sponsorship, so that an appropriate bill can be sent to your sponsor.
Note that if you are admitted after July, you will not receive the regular July bill. Please contact Student Financial Services upon your arrival to make billing arrangements.
Payments are accepted online as e-check payments through MITPAY, or by check or money order made payable to “Massachusetts Institute of Technology” mailed or delivered to Student Financial Services. Checks should be in U.S. currency and drawn on a U.S. bank. Always identify payments with your name and MIT Identification Number to ensure that your account is properly credited. MIT has also partnered with Flywire to streamline the international payment process. Flywire allows you to pay securely from any country and any bank, typically in your home currency. We strongly recommend that students monitor monthly charges and remit payment as billed through MITPAY, the Institute’s secure online billing and payment system.
Payments by credit card or foreign currency are not accepted.
If you have any questions about making payments, please contact Student Financial Services by email at email@example.com or by calling 617-258-8600.