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Understand your bill: How billing works

Once you accept an offer of admission from MIT, we set up your student account.

This is where you will go to see your semester bill and where you’ll check back to see all credits and charges. All MIT students are set up with an account.

Billing schedule and accessing your bill

We bill you through MITPAY on July 10 for the fall term, December 10 for the spring term, and June 10 for the summer. Students are automatically granted access to MITPAY through the WebSIS student portal. Authorized users01 An <a href="/glossary#term-authorized-payer">authorized user</a> is a person, most often a parent or spouse, who is designated by an MIT student as being allowed to view their monthly bill and make payments using MITPAY.   must be designated by their student before they have access to view and pay a bill.

When a new statement is available you will receive an email notification. Payments are due by the 1st of the following month and you can pay securely online through MITPAY,  by Flywire, or by check.

What’s on the bill and when

Most term charges such as tuition, student life fee, student extended health insurance, on-campus undergraduate housing, and meal plans appear on the first bill of the term in July.02 However, for first-year students, the meal plan charge is not assessed until late July/early August and then shown on their August statement, which is technically the second bill of the term.   Other charges such as on-campus graduate housing, TechCASH,03 A spending program for MIT students, employees, and affiliates. Participants deposit money into their TechCASH account and then use their MIT ID to make purchases on and off campus.   parking, MBTA passes, and library fines are billed monthly as they are incurred. Updated statements are posted to your account each month.

How financial aid is disbursed

If you are receiving financial aid—scholarships, grants, tuition awards, fellowships, student loans—we apply financial aid equally across the number of terms in your academic year. For most students the academic year is two semesters, fall and spring; but for some graduate students it may be three semesters fall, spring, and summer.

  1. An authorized user is a person, most often a parent or spouse, who is designated by an MIT student as being allowed to view their monthly bill and make payments using MITPAY. back to text
  2. However, for first-year students, the meal plan charge is not assessed until late July/early August and then shown on their August statement, which is technically the second bill of the term. back to text
  3. A spending program for MIT students, employees, and affiliates. Participants deposit money into their TechCASH account and then use their MIT ID to make purchases on and off campus. back to text