MIT Student Financial Services Bills

Bills

Each MIT student has a student account – a cumulative record of charges from MIT and credits (such as scholarships, loans and payments).

Who gets the bill?

We bill the student – but if you’re an undergraduate, we recommend that you set up one or both of your parents as authorized payers in MITPAY, a secure, paperless online billing and payment system (MIT does not send out paper bills to current students). Parents will not get any direct billing information unless their student has performed this step first.

We bill you by posting a monthly student account billing statement on MITPAY. By the 10th of any month in which there’s a new charge or credit on your account, SFS will send you and your authorized payer (if any) a courtesy e-mail reminder to check your statement and pay any balance due.

How can I make payments?

The best method is electronic payments from a U.S. bank account through MITPAY. This is a secure and paperless way to pay your MIT bills, and there’s no additional charge.

There are two different ways to access MITPAY. Click on one of the links below:

To make electronic payments, click on “Make Payment” in the menu in the upper left-hand corner of your MITPAY screen.

If you can’t pay the full amount due by the deadline, you have the option of dividing your total annual bill into eight monthly payments under the MIT Payment Plan. Click here to learn more about how the plan works, and to submit an application.

For details on other ways to make payments, click here.

What’s on the bill?

Your student account shows charges for services that MIT provides directly, including:

  • tuition and fees
  • on-campus housing
  • TechCASH account charges (if you elect to pay them through your student account)
  • MIT student extended insurance plan
  • medical charges
  • library fines

Your student account does not include charges for:

  • books
  • off-campus housing (including all MIT-affiliated fraternities, sororities and independent living groups)

When are major charges billed?

Tuition, the student life fee, the MIT student extended insurance plan, and undergraduate on-campus housing are billed on the first statement for of each term as shown below. All other charges, including on-campus housing for graduate students, are posted monthly by the 10th of the month after the charge is incurred.

Term
TUITION BILLING DATE
Payment due date
Fall July 10 August 1
Spring December 10 January 1
Summer June 10 July 1

Full payment of your balance is due on the first of the following month, unless you have made other arrangements such as signing up for the MIT Monthly Payment Plan.

Getting help

Contact your student account counselor with further questions about billing and payment.

 

SFS NewsDates & Deadlines
 

Stay Tuned

STEM Scholarship for Hispanic students

The new scholarship application period for the Alliance/Merck Ciencia (Science) Hispanic Scholars Program is now open. The Alliance/MerckCiencia Hispanic Scholars Program provides scholarships at two levels:

Ciencia National Scholarships - College STEM Majors 
A $2,000 one-time scholarship for students from all 50 states, the District of Columbia, U.S. territories and Puerto Rico who meet the following eligibility criteria:

  • A student of Hispanic heritage.
  • In good academic standing and enrolled full-time in an accredited college/university.
  • Have a minimum cumulative grade point average (GPA) of 2.75 on a 4.0 scale (or the equivalent).
  • Are a declared major in a STEM discipline and pursuing a Bachelor’s degree in a STEM field including Bachelor’s degrees offered in partnerships between community colleges and four-year institutions.


Alliance/Merck Ciencia Scholars -High School Seniors
Up to $20,000 in scholarship ($5,000 each of four years of college) and up to $22,500 in summer internship stipends (up to $7,500 each of three summers) for students who meet the following eligibility criteria:

  • A student of Hispanic heritage.
  • A senior attending a high school in Brownsville, TX; Elizabeth, NJ; or Los Angeles, CA.
  • Have a minimum cumulative grade point average (GPA) of 2.75 on a 4.0 scale (or the equivalent).
  • In good academic standing in high school.
  • Have applied or intend to apply for full-time study at an accredited college/university that grants a bachelor's degree in a STEM field (proof of enrollment will be required before disbursement of scholarship funds).
  • Committed to major in a STEM field in college.

Application Process:  students can apply online at; http://www.alliancescholars.org/and the Application deadline is MARCH 15, 2012.

Stanley V. Margolin Scholarship available

 This scholarship is for graduating high school seniors from Cape Cod, Natick High School, Newton North High School or Silver Lake Regional High School. The Cape Cod Foundation will also consider current MIT students with a preference for students who graduated from the aformentioned schools. Typically, one or two awards of up to $2,000 are made annually.

Students may apply by visiting www.capecodfoundation.org. Deadline for submission is midnight on Monday April 2, 2012.

 
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