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Note: We are currently updating our financial aid calculators to incorporate MIT’s newly announced financial aid policies.

I’m planning to leave; what happens to my financial aid?

If a student receiving federal financial aid (except Federal Work-Study) completely withdraws from classes before completing 60% of the term, we are required to determine how much of the financial aid was earned up to the time of withdrawal. Any federal funds considered as unearned must be returned by MIT and/or the student to the federal government. This situation could result in the student owing aid funds to MIT, the government, or both. You should view your student account balance through MITPay.

Please note: It may take up to two weeks to adjust account balances accordingly based on leave date. Whether there is a balance or a credit due, please contact us to set up a payment or a refund.

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