Tuition, the student life fee, the MIT student extended (health) insurance plan, and undergraduate on-campus housing are billed twice each year.
July 10: Your fall bill is available for viewing
August 1: Your fall bill is due
December 10: Your spring bill is available for viewing
January 1: Your spring bill is due
You are billed monthly by the 10th of the month for any charges you incur – this may include graduate student on-campus housing, TechCash, library fines, or medical charges. Payment is always due on the 1st of the following month.
As a courtesy to our students and their Authorized Users, we send email reminders each time a billing statement is generated. Student reminders go to official MIT email addresses.
Meeting Payment Deadlines
When students register for any class at The Massachusetts Institute of Technology (MIT) the student agrees to the MIT Student Financial Responsibility Agreement in which the student accepts full responsibility to pay all tuition, fees and other associated costs assessed as a result of registration and/or receipt of services. MIT may assess late charges, suspend registration and access to various student services (libraries, dining, computing resources, Institute housing, etc.), withhold a degree and charge collection costs if all charges are not paid. MIT and its agents and contractors will contact a student using current directory or future contact information, including any cellular phone number(s), email address(es), or wireless device(s), regarding a student's account(s) and/or student loan(s).
Please contact your Counselor for Customer Service to resolve any unanticipated financial problems.
If a payment is returned by your bank, we will require a new payment immediately and we will charge your student account with a $30 fee. Your bank may also charge you for the returned check.
A student who fails to make satisfactory arrangements for payment will have a registration or degree hold imposed and a Hold Fee of $100 will be charged to the student account. The balance due, including the Hold Fee, must be paid in full before a hold will be released.
As a courtesy to you and your family, we send notifications throughout the term to students with past due bills who have not made satisfactory arrangements.
If you leave or withdraw from MIT, you are still responsible for paying the full amount due on your MITPAY statement, or making satisfactory payment arrangements with the Assistant Director for Student Account Collection (email@example.com). Should your account be sent to an outside agency, you may be reported to credit bureau agencies and may be responsible for any collection fees, including reasonable attorney’s fees that we incur in such collection efforts.