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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.

When do we pay the parent and student contributions to MIT?

We never bill you directly for your parent and student contributions. These are the resources we expect you to have to pay for your MIT education. We bill you for MIT charges such as tuition, fees, and on-campus housing and meal plans. You use your parent and student contributions to cover these charges when billed, as well as cover out-of-pocket expenses such as books, supplies, personal expenses, and travel.

Our counselors are glad to assist you, especially in your first year, as you plan how you will allocate your expected family contribution towards paying for MIT charges as well as covering out-of-pocket expenses.

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