The MIT Student Financial Services (SFS) is responsible for sending out bills and collecting payments. SFS does not post the charges on your account. Students are expected to pay their student accounts in full or arrange a satisfactory payment plan prior to Registration Day of each term. Fall tuition is charged in the middle of July and is due in the middle of August. Your bill will be sent to you electronically. Tuition for the spring term is charged in the middle of December and due in the middle of January. This bill usually contains the basic charges for tuition and student hospital insurance. Incoming freshmen are not billed until September for housing and meal plan options, since these plans may not be made until the students actually arrive.
Payments expected from scholarships, grants and loans should appear on your statement as either a direct credit (payment) or as an anticipated credit (expected payment). These credits will reduce the payment required from you. If you are a graduate student receiving a research or teaching assistantship or fellowship, you must return the Payment Information Card that you will receive with your bill in mid-July. If you do not receive the July bill, when you arrive at MIT you need to visit the Student Account Services Office and complete the Payment Information Card. If you are sponsored by a foreign agency or government, you should inform the Student Account Services Office of this sponsorship, so that an appropriate bill can be sent to your sponsor.
Note that if you are admitted after July, you will not receive the regular July bill. Please contact Student Financial Services upon your arrival to make billing arrangements.
Payments will be accepted by electronic payment, check or money order made payable to “MIT”. Checks should be make in US currency and drawn on a US bank. Always identify payments with your name and MIT Identification Number (located at the top right-hand corner of your bill) to ensure that your account is properly credited. We strongly recommend that use MITPAY, a secure online billing and payment system to pay your bill. For more specific information about payment, we recommend you read the "Payment Methods" section of the MIT Student Financial Services website.
Wire transfers are another accepted means of payment. Wire transfers are sent to:
Bank of America NA
100 Federal Street
Boston, MA 02110
Wire Payment ABA Routing#: 026 009 593
DDA Account #004632424694 (MIT Incoming Wire)
Include your full name, MIT ID, your complete home country address, the term for which the payment is intended, and your degree program and department. Payments by credit card or foreign currency are not accepted. Once the wire is sent, contact your Students Accounts Counselor (the name should be on your bill) or the MIT Student Services Center, email@example.com, to confirm the amount sent, the name of the sending organization, and the date sent.
Please note: international wire transfers may take up to a month before the student account reflects the credit.
For answers to any billing questions or for more information about billing, see the Student Financial Services web site.