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Paying your bill: Monthly payment plan

We offer a monthly payment plan, which allows students and families to pay the term bill in monthly installments, interest free.

The MIT Monthly Payment Plan offers a maximum of five payments per term due August–December, and January–May.

Students and authorized users enroll online through MITPAY. Students can set up a parent, spouse, or other family member as an authorized user, allowing them to make payments.

The payment plan automatically adjusts in the event new charges are added, ensuring that your balance is paid in full and on time. Payments are made directly through MITPAY, and the student or authorized user will receive a monthly reminder before the next installment is due.

There is an enrollment fee of $35 per term and you must re-enroll each term.