The MIT Monthly Payment Plan administered by Tuition Management Systems (TMS), provides an affordable option for students and families to pay the bill in interest free monthly installments. Tuition and other expenses can be divided into smaller payments over each semester. You can use the plan to pay all or part of your educational expenses. The cost for the Monthly Payment Plan is a $70 semester enrollment fee or $85 for a yearly plan. Enrollment is fast and easy by visiting www.afford.com/mit or call toll-free 800-722-4867. Payments can be made directly to TMS by mail or on-line by check, money order, credit card or automatic ACH from checking or savings account at no additional cost.