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Update January 4: Have questions about financial aid? Check out the undergrad financial aid section of our site. Learn more about the 2020–2021 academic year by visiting our  FAQ page, financial support page for undergrads, or MIT’s COVID-19 response site.

How can I figure out how much I actually need to pay to MIT?

We know this can be confusing—so here’s a breakdown in case you want to do it yourself in advance of your semester bill.

  1. Add together all of your actual costs/charges from MIT for the term: tuition, housing and meal plan (if on campus), health insurance (if you need it)
  2. Next, add together all of your grants and scholarships. Including the Covid-era Grant.
  3. Now, subtract your total grants and scholarships from your total costs/charges.
    1. If you have a positive number, that is what you will owe MIT.
    2. If the number is negative, you will receive a refund.

   Total charges from MIT

– Total grants and scholarships
                                                            

= What you owe MIT (or what MIT owes you)

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