If your student account shows a credit balance, you may be entitled to a refund processed as either a paper check or as a direct deposit to your personal bank account. Before receiving your refund, you must establish a refund account in MITPAY by following the instructions below:

MITPAY eRefunds

  1. Log-in to MITPAY and click on the eRefunds link in the menu bar.
  2. Click on the Set Up Account link to add your electronic banking information.
  3. Be sure to complete all the required information for your selection.

To request a refund:

If you are expecting a credit balance and want to make sure you receive the funds as soon as possible:

  1. Check your balance on MITPAY by reviewing Account Activity.
  2. You may only receive your refund after the semester starts and your anticipated credits are disbursed to your student account. 
  3. If you have an actual credit balance, indicated by the negative balance under Term Balance on the Account Activity page on MITPAY, email sfs@mit.edu or call 617-258-8600 to request that the refund be processed.

After your refund has been processed, direct deposit funds will settle in your bank account within 2-3 business days.