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Financial matters


Staff, faculty, MIT students, and their parents will find resources ranging from MIT compensation to planning for the costs of education, living expenses, and retirement.

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Employee Compensation

Compensation - Faculty, administrative, sponsored research, support staff

Faculty Salary - Annual plan description

Reimbursement Accounts - Tax savings program for health and dependent care costs

Insurance Rates - Health, dental, and life

Long-term Disability Plan

Payroll Questions - Phone numbers by category

Termination Options - COBRA benefits, unemployment compensation policies

Tuition Assistance - Job- and career-related courses

Financing Children's Education

Children's Scholarship Plan - Covers MIT tuition (and in some cases more) for employee children

Loans for Employee Children's Education

Paying for MIT

Costs

Financial Aid - Determining aid, grants, scholarships, loans, other resources

Graduate Funding Sources

International Scholars Office - Taxes, cost of living information

International Students Office - Financial aid, employment information

Student Loans - Obtaining and repaying

Student Employment - Job listings

Retirement

401(K) Investment Plan

Health Benefits - Medicare supplement plans

Information Sessions - Basic plan, 401(K), investing, quarterly review

Other Resources

Borrowing and Saving Money - MIT Credit Union mortgages, home equity, car loans

Child Care and School Costs - Consult The Center for Work, Family & Personal Life

Notary Public - Find more than a dozen notaries on campus who can witness and certify the validity of documents. Please call for an appointment.

Ombuds Office - Confidential, neutral resource for faculty, staff, students, postdocs and alumni/ae to assist in prevention and resolution of problems

Practicing Entrepreneurship - Alumni Association's web feature on MIT's entrepreneurial resources with links to MIT groups open to all

Women's Investment Group - Financial Resource Group sponsored by Women's League

 

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