Once you have your award notification, you may have some questions. Please take the time to read through Financing Your MIT Education where you will find many facts about financial aid at MIT.
If your student account has been overpaid, the fastest way to get your refund is through MITPAY’s direct deposit option. You can sign up for direct deposit on MITPAY at any time. Your refund will be deposited into your bank account within two-business days after being processed. If you are graduating this spring, make sure that we have your correct banking information in MITPAY so that we can return funds to you, even after you leave campus.