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Update August 17:

To learn more about MIT’s changes to the fall 2020 cost of attendance as well as the Covid-era grant, please see our 2020 financial support page and our expanded FAQ page. You can also read more about the evolving policies and other key questions related to MIT’s COVID-19 response.

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 August bill.

  1. Add together all of your actual costs/charges from MIT for the fall 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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