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Paying your bill: Monthly payment plan

We offer a monthly payment plan, which allows students and families to pay the term bill in monthly installments, interest-free.

The MIT Monthly Payment Plan offers the option of spreading your term bill over five payments, and paying it over the course of the term as opposed to in one lump sum.

Students and authorized users may enroll online through MITPay. Students can set up a parent, spouse, or other family member as an authorized user, allowing them to make payments.

The payment plan automatically adjusts in the event new charges are added, ensuring that your balance is paid in full and on time. Payments are made directly through MITPay, and the student or authorized user will receive a monthly reminder before the next installment is due.

The plan has an enrollment fee of $35 per term and you must re-enroll each term.