MIT MONTHLY PAYMENT PLAN

The MIT Monthly Payment Plan is an installment arrangement that allows you to pay your bill in four monthly installments each for the fall and spring terms and three monthly installments for the summer term. A finance charge of 0.667% per month (8% annual percentage rate) is assessed on the unpaid account balance after each semester’s payment due date (August 1 for fall semester and January 1 for spring), excluding extended student health insurance.

To sign up for the MIT Monthly Payment plan, download the form, complete it and return it to:

Student Services Center, Room 11-120
Massachusetts Institute of Technology
77 Massachusetts Ave.
Cambridge, MA 02139

You can get more information and application materials in the Student Services Center in Room 11-120 or by calling 617-258-8600.

If you‘re already enrolled in the MIT Monthly Payment Plan, you don’t have to sign up again each year. You may terminate your participation in the plan any time by notifying your student account counselor in writing.

Log on to pay bills

• Students (via WebSIS)

• Parents and authorized payers

Need help using MITPAY?
Download "Viewing and Paying Your MIT Bill"

Your bill may include a charge for the MIT Student Extended Insurance Plan. To waive this plan, submit a waiver online before the deadline on September 30, 2008.

 

Your current billing statement was posted on MITPAY:
  August 8
Payment is due by:
  September 1

 

 FAQs on billing and other issues handled by Student Financial Services