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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.

What is a half-installment for the tuition shortfall payment deduction option, and how do I calculate it?

Payroll deduction occurs twice a month while payments for the tuition shortfall payment plan are due once a month. This means each payroll deduction is half of that month’s installment. Depending on when you sign up for the payroll deduction, you may need to make up a portion of the installment payment. For example, if you enroll in the payment plan mid-month, you would need to pay for the first half of the monthly installment directly. Visit our tuition shortfall page for more information.

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