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					What your MITPAY statement will look like...
This menu lets you
see news and other                  Message Board                                                                          Your payment must
information on the                                                                                                                                                                                    This dropdown menu lets
                                    Select User                                                                            be received by this
MITPAY Message                                               Account:                        Student Account                                                Account Actions:     Select Action        you view past statements or
                                                                                                                           date to avoid late-
Board; select a current             Change Password                                                                                                                                                   make electronic payments.
                                                                                                                           payment charges.
user; change a user                 Find Transaction         Student ID Number:              900000001
password; and locate                                         Student Name:                   John Doe
a recent transaction.                                        Payment Due Date:               01-Mar-2010                                            Statement date is Tues, Feb 9, 2010
                                         John Doe                                                                                                                                                            Click here to print a PDF
                                                              Statement Details                                                                                                                              copy of your statement with
Click here to add                   Authorize Payers                                                                                                                                                         instructions on how to pay
an authorized payer                                           Date             Term                   Amount           Description                                             Questions? Call
                                    View Accounts                                                                                                                                                            by mail or wire transfer.
to the account.
                                       Statement              PREVIOUS BALANCE:                                        21,519.56
                                       Statement              NEW CHARGES AND CREDITS:
                                    Make Payment              08-Feb-2010      Spring 2010        -18,747.00           MIT Grant                                                      253-4971
 The first                          Transaction History       19-Jan-2010      Spring 2010         -2,772.56           Student Service Center Payment                                 258-8600
 “Statement“ link                                                              Fall 2009                8.00           Transcript Fees - SSC                                          258-8600
 shows your current
 statement. The                                                                                                                                                                                         This is what you must pay by
 second “Statement”                                           Previous        New             New            LATE           New        Anticipated        Past       Amount         Minimum             the first day of next month (in
 link will show a                 Clicking on “Transaction    Balance        Credits         Charges          FEE          Balance       Funds            Due         Due           Payment             this example, by March 1).
 clickable list of                History” will show all                                                                                                                                                If you signed up for the MIT
 all past MITPAY                  online payments that        21,519.56     -21,519.56         8.00            0.00         8.00           0.00           0.00         8.00            0.00             Payment Plan, your “Amount
 statements for the               have been made to the                                                                                                                                                 Due” is divided into several
 account.                         account (paper checks                                                                                                                                                 monthly “Minimum Payments.”
                                  and wire transfers will                         The late fee is 1.5%
                                  not be displayed).                              of “Previous Balance”                      This figure shows any credits to
                                                                                  per month.                                 your account that are expected
                                                                                                                             but not yet received, including
                                                                                                                             loan and scholarship funds.



 WELCOME TO MIT!                                               payment system. By July 10, the first statement for the               GETTING STARTED                                              2. Click on “Authorize Payers” to enter the authorized
     Congratulations on joining the MIT commu-                 upcoming academic year will be posted on MITPAY.                          As a new student, the first thing you must do is            payer’s e-mail address and create a temporary password.
 nity. This brochure will help students and parents            This statement will include charges for tuition, fees                 activate your MIT e-mail account. Instructions on how        3. Have your authorized payer access MITPAY by go-
 understand the process for viewing and paying your            housing and student medical insurance for the fall term.              to do this were included among the materials sent to            ing to the SFS page at http://web.mit.edu/sfs/bills/
 bills. MIT bills the student and not the parent, so it’s      For incoming freshmen, the housing charge will be an                  you in the spring before your arrival on campus for the         payment_methods.html and clicking the link in the
 important to note that it is the student’s responsibility     “average weighted cost,” since different MIT housing op-              fall term. Once you activate your MIT e-mail, you can           blue box labeled “Log on to pay bills.” The first time
 to check statements or bills regularly, verify charges        tions have different costs. Once a freshman is on campus              view and pay bills, or designate an authorized payer to         authorized payers log in, they will create a permanent
 and ensure that payments are made on time. Because            and has selected permanent housing, an adjustment                     make payments.                                                  password and enter banking information by clicking
 of federal privacy laws, parents and others may view          reflecting the actual cost for that residence will appear             To designate an authorized payer:                               on “Add E-Check Profile” if they want to make pay-
 statements and make payments only after the stu-              on MITPAY.                                                            1. Log into WebSIS (the system that provides secure             ments electronically.
 dent sets them up as authorized payers (see “Getting              Updated statements will be posted on MITPAY                           access to students’ academic, financial and biographi-   4. If you’re an authorized payer and you want to receive
 Started”).                                                    by the 10th of each month. Payments are always due                        cal records) by going to http://student.mit.edu and         e-mail reminders about statement updates, log onto
     MIT does not send paper bills. We post statements         in full by the first of the following month unless other                  then click on “MITPAY.” You must be on a computer           MITPAY, click on “User Preferences” and follow the
 by the 10th of each month on MITPAY, a secure web-            arrangements are made, such as the MIT Payment Plan                       that has MIT certificates installed; for more informa-      instructions.
 based presentation of the student bill and electronic         (see other side).                                                         tion, see http://web.mit.edu/ist/topics/certificates.
VIEWING BILLS & MAKING PAYMENTS                                QUESTIONS ABOUT CHARGES                                       SFS to hold credits for future charges. There is also an
1. By July 10 of the summer before new students arrive,            If you have a question about a charge, contact the        opt-out on this form. If you decide not to leave the credit
   the student will receive a courtesy e-mail sent to his or   office or department that assessed the charge. Each           balance on the student account, a check will automati-
   her mit.edu e-mail address noting that the first bill for   department’s phone number will appear on the same             cally be mailed to you within 14 days after the disburse-
   the fall term has been posted on MITPAY.                    line as the charge. Only that department is authorized        ment. However, SFS must receive this form in order to


                                                                                                                                                                                               VIEWING
                                                                                                                             disburse financial aid.




                                                                                                                                                                                                                         A QUICK REFERENCE FOR STUDENTS AND PARENTS
2. Go to Student Financial Services’ bills page (http://       to make a correction to adjust your student account. A
   www.mit.edu/sfs/bills) and see the paragraph headed         formal dispute of a charge must be sent to your student
   “How can I make payments?” If you’re a student,             account counselor in writing within 60 days after the          PAYMENT PROBLEMS


                                                                                                                                                                                                  AND
   click on “student login.” If you’re an authorized payer,    date of the statement on which the charge first appeared          If you have difficulty making a payment on time,
   click on “authorized payer login” and enter your login      (see “In Case of Errors or Questions About Your Bill” on      contact your student account counselor (see “Getting
   name and password.                                          the second page of the PDF printout of your statement).       Help”). They are your resource for working through
3. Always check the MITPAY Message Board for ac-                   You may not apply payments toward specific items          payment issues and reviewing payment options.

                                                                                                                                                                                                PAYING
   count news and reminders.                                   using MITPAY (though you may do so by paying in                   Accounts that are not on a payment plan and are
4. To view the most recent student statement, click            person in the Student Services Center). MITPAY pay-           past due will incur a late payment fee of 1.5% per month
   “View Accounts.”                                            ments are automatically applied starting with the oldest      (18% annually) on the outstanding balance. In addition


                                                                                                                                                                                                 YOUR
5. To make online payments, click “Make Payment.” Or           charges on the bill.                                          to late payment fees and finance charges, a financial hold
   to pay by check or wire transfer, click the PDF icon                                                                      may occur. A financial hold – which can prevent you
   to print a copy of the bill and follow the instructions     ACCOUNT CREDITS                                               from registering or receiving your degree – will occur if
   included on the printout. Checks may be brought in              Financial aid payments are not posted to the student

                                                                                                                                                                                                  MIT
                                                                                                                             you have a student account balance from a prior term,
   person to the Student Services Center in Room 11-120.       account until after Registration Day, although your state-    a past-due MIT loan, unpaid Institute charges or a
                                                               ment may show “anticipated funds” prior to that. Outside      returned check. A financial hold may also cause MIT
   MITPAY is a static shot of your student account.            scholarships are credited to the account after Registration   student services to be revoked. If you leave MIT with an


                                                                                                                                                                                                 BILL
Payments will not be reflected on MITPAY until your            Week, provided that payments are sent directly to MIT.        unpaid balance and do not make payment arrangements,
next monthly statement. Students (though not parents)              If you are a non-financial aid applicant and would like   you may be reported to credit reporting agencies and/or
may check up-to-date balances and payments any time            your Outside Awards to appear on your student account         placed with an outside collection agency.
on WebSIS at http://student.mit.edu – click on                 as anticipated credits, you must contact your Student Ac-         If your check is returned unpaid by your bank, you
“Financial Record” and then “Current Account Activity.”        count Counselor and provide the pertinent information.        will be informed by e-mail. A new payment is required
   All payments must be made in U.S. currency drawn                If your student account shows a credit balance,you        immediately and your student account will be assessed a
on a U.S. bank. For more information or assistance,            may be eligible for a refund of those credits to apply to     fee of $30, plus a retroactive finance charge or late pay-
contact your student account counselor (see”Getting            other expenses. You must complete the Credit Balance          ment fee, if applicable.
Help”). If you do not check your statement on
MITPAY, you are still responsible for payment of the
                                                               Authorization Form. This form is used to authorize
                                                                                                                                                                                                      SFS
balance by the due date.
                                                                GETTING HELP                                                                                                                Student Financial Services
MIT PAYMENT PLAN
    The MIT Monthly Payment Plan is an installment             If you have any questions or problems regarding               You may also contact your student account counselor                 MIT Room 11-120
                                                               your bill, or if you would like to meet with a student        directly. They are assigned according to the first letter of
arrangement that allows you to pay your bill in four
monthly installments each for the fall and spring terms        account counselor, go to:                                     the student’s last name:                                              617-258-8600
and three monthly installments for the summer term.                                                                                A-G:       Mary Murray
                                                               Student Services Center                                                                                                         http://web.mit.edu/sfs
The terms and conditions of the monthly payment plan                                                                                          maryjo@mit.edu
                                                               Room 11-120
are currently under review and are subject to change. To                                                                                      617-253-3339
                                                               ssc@mit.edu
sign up for the plan, go to the SFS web site at http://                                                                            H-O:       Dwayne Daughtry
web.mit.edu/sfs/forms_and_publications and down-               Monday, Tuesday, Thursday, Friday: 9 a.m. to 5 p.m.
                                                                                                                                              daughtry@mit.edu
load the appropriate form.                                     Wednesday: 10 a.m. to 5 p.m.
                                                                                                                                              617-253-4131
                                                                                                                                   P-Z:      Jason Marsala
                                                                http://web.mit.edu/sfs                                                       jmarsala@mit.edu
                                                                                                                                             617-253-3335

				
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