Welcome to Student Financial Services. We’re here to help you make your dream of attending MIT a reality.

How financial aid works

For undergraduates, we meet your full demonstrated financial need for all four of your undergraduate years. About 90% of our undergrads receive some type of financial aid, including scholarships, loans and jobs. All you need to do is apply.

Many graduate students are eligible to receive one or more forms of financial assistance. These may include research or teaching appointments, employment as a resident tutor, loans, or selection as a recipient of one of various internally funded competitive fellowships.

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When to apply

February 15 – prospective undergraduate students (freshmen and transfers)
April 15 – enrolled undergraduate and prospective and enrolled graduate students

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How to pay

You receive your bill through MITPAY on the 10th of each month. You may pay your balance, due on the 1st of the following month, online or by check. Students are encouraged to authorize parents to help manage their statements. Want to pay in installments? Sign up for the MIT monthly payment plan.

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Who can help

Our website has many answers to your common questions and concerns. However, we understand that sorting out your financial aid and student account can be confusing. Please contact your counselor if you’re unable to find the answer you need. We are here to help you.

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