Your bill is due at the beginning of each term, and additional incidental charges are billed monthly.
Important dates and deadlines
Most components of the cost of attendance, such as tuition, fees, and on-campus housing, are billed at the start of each term.
| Term | Billing statement available | Bill payment due |
|---|---|---|
| Fall | Mid-July | August 1 |
| Spring | Mid-December | January 2 |
| Summer | Mid-June | July 1 |
You are billed monthly on the 10th for any additional charges or credits that you incur, and payment is due on the 1st of the following month. Charges and credits on your monthly bill may change based on housing or meal plan choices, TechCASH, library fines, lab fees, or medical charges.
As a courtesy to our students and their authorized users, we send email reminders each time a billing statement is generated; student reminders are sent to the official MIT email address on record.
Meeting payment deadlines
When you register for any class at MIT, you agree to the Student Financial Responsibility Agreement, which states that you accept full responsibility for all tuition, fees, and other associated costs01 The fine print: MIT may assess late charges, suspend registration and access to various student services (libraries, dining, computing resources, Institute housing, etc.), withhold a degree, and charge collection costs and fees if all charges are not paid. MIT and its agents and contractors will contact a student using current directory or future contact information, including any cellphone number(s), email address(es), or wireless device(s), regarding a student’s account(s) and/or student loan(s). incurred as a result of registration.
Please contact your customer service counselor to resolve any unanticipated financial problems.
Overpayments
Sometimes people pay us more money than they owe, either in error or in an attempt to credit a future bill. Federal law limits our ability to accept overpayments, and there is currently a cap of $2,000 per academic year; anything over that will be returned at the expense of the payer. See our overpayment policy for more information.
Returned payments
If your check is returned by your bank, your student account will be charged a $30 fee. You will receive an email from us with the reason your payment was returned. You’ll need to make the necessary changes and send us a new payment.
If you are paying with an electronic payment and it is returned four times, you will no longer be able to make electronic payments and will need to deliver a cashier’s check to us during walk in hours.
Unpaid balance
If you do not make satisfactory arrangements for payment, and the payment deadline has passed, your account will be placed on registration or degree hold, and a hold fee of $100 will be charged. The balance due, including the hold fee, must be paid in full before a hold can be released.
As a courtesy to you and your family, we send notifications throughout the term to students with past due bills who have not made satisfactory arrangements.
Withdrawal
If you leave or withdraw from MIT, you are still responsible for paying the full amount due on your MITPay statement or making satisfactory payment arrangements with the Associate Director for Collections. Should your account be sent to an outside agency, you may be reported to credit bureau agencies and may be responsible for any collection fees, including reasonable attorney’s fees that we incur in such collection efforts.
- The fine print: MIT may assess late charges, suspend registration and access to various student services (libraries, dining, computing resources, Institute housing, etc.), withhold a degree, and charge collection costs and fees if all charges are not paid. MIT and its agents and contractors will contact a student using current directory or future contact information, including any cellphone number(s), email address(es), or wireless device(s), regarding a student’s account(s) and/or student loan(s). back to text ↑