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When will my loans be reflected on my account?

How your loans disburse (are paid out) depends on what kind of loans they are.

Federal loan disbursement

After you have completed the necessary loan requirements,01 i.e. the Master Promissory Note (MPN) and entrance counseling.   your federal loans will disburse to your student account once your term registration becomes official, usually within the first two weeks of the term. Federal loans will be split evenly between all registered terms for the academic year. The amount of your federal loan will always be slightly more than the amount disbursed to your student account due to federal loan origination fees. 

Private loan disbursement

Private loan funds are received from your third-party lender and therefore the date the funds are sent to MIT is determined by your lender. Most private lenders will notify you that your funds have been sent to MIT. Please note that it may take 5–10 business days for the funds to be credited to your student account.

After you receive notification from your lender, we suggest monitoring your student account on MITPay to see when the funds are posted.

Note that you must also be registered for the term before we can post these funds to your student account. If we have received funds for your account but you aren’t registered for the term yet, your funds will be held until your registration becomes official.

  1. i.e. the Master Promissory Note (MPN) and entrance counseling. back to text

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