The basic tuition and fees at MIT for the academic year 2012–2013 (which are reviewed and likely to increase next year) are as follows:
|Student Activity Fee||$280|
|MIT Student Extended Insurance Plan (optional)||$1,980|
Payment of the tuition fee entitles all regular and special students to many health care services at MIT Medical (Building E23) at no charge.
The MIT Student Extended Insurance Plan covers hospitalization due to accidents or illness. The insurance is required for all students, unless they can demonstrate that they have comparable coverage through another insurance program. For further information, see the MIT Student Extended Insurance Plan in the section on Medical Requirements in this chapter, or visit http://web.mit.edu/medical/.
The tuition for all regular students, including graduate student staff, in the first and second terms is $20,885 per term, except for students entering the Sloan Master's Program, the Leaders for Global Operations Program, and the Supply Chain Management Master of Engineering in Logistics Program, for whom the tuition is $28,960 per term. Full tuition in either term of the current year covers the January Independent Activities Period. The minimum term tuition charge for registration for doctoral thesis upon readmission as a resident student is $31,325 if not registered during the preceding regular term.
The tuition for all regular graduate students, including fellows, trainees, and academic staff in the 2012 summer session was $13,920. Special tuition rates apply to other students in the summer session. These are published each year in the Summer Session Catalog, available in April.
Special students (except in the Sloan School of Management) are charged at the rate of $650 per unit whether taken for credit or not. This unit fee applies up to a maximum of $20,885 per term and is subject to the following minimum fees:
|Members of the MIT community||$3,900|
| (Includes special students who are full-time
employees of the Institute or who are dependents
of full-time employees or regular students.)
|Other special students||$5,850|
Any resident graduate student making progress toward a degree is expected to register and is considered a full-time student. If a graduate student requires only part of a term to complete the thesis, full tuition for the term is charged, and adjustments to tuition are made at a later date. If the student was registered for thesis as a resident student in the immediately preceding term, regular or summer, tuition for thesis will be adjusted after acceptance by the department of the completed document on the basis of a charge of $1,740 per week from the starting date of the term, with a minimum of $1,740 for the master's or engineer's degree and $3,480 for the doctoral degree. If the immediately preceding term was the summer term and if the graduate student was not registered for thesis in that summer term, but was registered for thesis in residence in the previous second term, the minimum tuition for thesis is $10,440.
A student who continues to hold a fellowship, traineeship, or graduate staff appointment for the remainder of the term after delivery of the thesis continues to be regarded as a full-time student and the tuition will not be adjusted. In unusual circumstances, the dean for graduate education may set special tuition rates for graduate students.
Students who are permitted to undertake nonresident thesis research must register as nonresident doctoral candidates and, in the first three semesters of registration as a nonresident, pay tuition equal to approximately 5 percent of the regular full tuition ($1,045 per term for 2012–2013). For the fourth and subsequent semesters of registration as a nonresident, tuition will equal approximately 15 percent of the regular full tuition ($3,130 per term for 2012–2013). Following completion of the nonresident period, the student must return to resident status for completion and presentation of the doctoral thesis. If the student requires only part of this first term back in residence to complete the thesis, the tuition will be adjusted subject to a minimum of $10,440. Please consult Graduate Policies and Procedures (http://web.mit.edu/odge/gpp/) for additional information on nonresident status.
Cooperative and practice-school programs offered by MIT provide industrial and research experience through a series of work assignments interwoven with regular study at the Institute. The tuition fees for these programs are the same as those for regular graduate students:
The tuition fee for special graduate students in the Sloan School of Management (except for employees of the Institute or their children) is $1,135 per unit of registration, with a minimum charge of $10,215. There is a maximum charge of $37,000 per term for full-time special graduate students enrolled in the program. Students interested in the Sloan Fellows Program for Innovation and Global Leadership should consult the Sloan School of Management with regard to fees.
A student withdrawing before the start of a term is not charged any tuition for that term and any tuition payments previously made for that term will be refunded. Students withdrawing during the fall or spring term are charged one-twelfth of the stated tuition for the term for each week from the starting date of the term, with a minimum two-week charge. A student must pay full tuition and fees at the beginning of the term. Any subsequent reduction in fees is based on the date that cancellation of a subject or withdrawal from the Institute is effected. At that time, any excess payments which the student has made will be refunded.
Living expenses for graduate students vary widely depending on such factors as marital status, availability of resources, interests, and tastes. Monthly living costs (housing, food, and personal expenses) are roughly $2,590 for a single graduate student. These cost estimates do not include tuition, books, or the Hospital and Accident Insurance Policy. Campus housing for graduate students is limited and less than half of the graduate student population can be accommodated in Institute housing. On-campus dining opportunities are available to graduate students.
Miscellaneous fees include the following:
|Application for graduate admission
|Application for Master's Program in
Sloan School of Management
|Late submission of preregistration
($85 if very late)
|Late initiation of registration
process or very late registration, or late submission of application
for nonresident doctoral status
|Late filing of degree application
($85 if very late—see Academic Calendar)
|Late thesis title
|Processing of Registration
Holds for next term resulting from prior term obligations that
are not cleared at least two weeks prior to Registration Day
of that next term
|Completing an Incomplete
by a Not Registered Candidate (per subject)
|Library processing fees:|
|All other theses for advanced degrees||$50|
A late change in registration, which requires a petition to the Office of the Dean for Graduate Education, is defined as adding a subject after the fifth week or dropping a subject during the last three weeks of a term. The processing charge for late changes is $50. There is an additional charge of $50 for a retroactive change after the end of the term.
The miscellaneous fees and processing charges listed above are nonrefundable, unless levied in error.
An individual who registers as a student at MIT agrees to pay all charges on his or her account when due, and acknowledges that the Institute may charge late charges (or finance charges for MIT Payment Plan accounts), suspend registration, revoke Institute services, and withhold the degree if these charges are not paid.
Student Financial Services (SFS) gathers, bills, and collects student charges and provides a student account statement of that activity. These charges originate in the offices from which the student receives Institute services. SFS bills by posting a monthly student account billing statement on MITPAY—a secure, paperless online billing and payment system. The statement is posted by the 10th of any month in which there's a new charge or credit on the account. SFS sends courtesy email reminders to students each month to check the statement and pay any balance due. The statement includes charges (e.g., tuition, fees, housing, and library fees), payments (financial aid, tuition awards), additional amounts due, and payment deadlines. Visit http://web.mit.edu/sfs/bills/index.html for more information on getting and paying the student account bill.
Payment in full or a satisfactory arrangement for payment is due prior to the beginning of each term, (July 1, August 1, and January 1). New charges and credits that occur after the initial statement will appear on a subsequent statement. If a student anticipates that he or she may not be able to pay the entire account by the July, August, or January deadlines, the MIT Payment Plan is available and should be considered.
The MIT Monthly Payment Plan is an installment arrangement administered by Tuition Management Systems (TMS) that allows students to pay their bills in monthly installments interest free. The terms and conditions of the monthly payment plan can be found at http://web.mit.edu/sfs/afford/monthly_payment_plan.html.
SFS offers information on various loan programs as additional options, including federal and private programs. For more information, visit http://web.mit.edu/sfs/loans/get_a_loan.html.
If a student fails to make satisfactory arrangements for payment and has amounts outstanding after a payment due date, that balance will be subject to late fees of 1.5 percent per month (18 percent annual percentage rate). Outstanding balances at the end of a term will result in a hold on the student's registration or graduation.
Student accounts unpaid after the student has left MIT for any reason may be reported to credit bureau agencies and/or sent to an outside collection agency and assessed additional fees on the outstanding balance.
After the fifth week of the term, SFS will identify graduate students who have unpaid balances on their student accounts for the term and who have not made satisfactory arrangements for payment of those balances. SFS will notify these students—both through the regular billing process and by e-mail—informing them of the MIT policy regarding registration and graduation holds for subsequent terms.
After the eleventh week of the term, SFS will identify graduate students who have unpaid balances on their student accounts for the term and who have not made satisfactory arrangements for payment of those balances. SFS will notify these students—both through the regular monthly billing process and by email—informing them of the Institute's policy regarding financial holds.
Graduate students who do not settle their prior term balances or who have not made efforts to resolve their financial problems will not be allowed to register for the subsequent term or receive credit retroactively.
SFS staff members are available to answer questions and offer assistance in resolving billing matters related to student accounts, payment options, billing sponsors, educational loans, refunds, and cash advances. Visit SFS in the Student Services Center, Room 11-120, or http://web.mit.edu/sfs/.