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.
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
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
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.
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
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
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
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
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 firstname.lastname@example.org
are currently under review and are subject to change. To 617-253-3339
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.
load the appropriate form. Wednesday: 10 a.m. to 5 p.m.
P-Z: Jason Marsala