Please indicate the name and MIT ID number of each fellowship recipient. Funds received via check are made copayable to the parent and MIT and are mailed to the Institute. MIT's policy is to endorse the check prior to sending it to the parent. The parent should deposit the check in his or her bank account and issue a personal check to MIT if there is an outstanding balance on the student account. Loans Funds are received via wire transfer, then applied to the student account.
Payments are for the full year, and are typically received in the fall term.
Refunds are available one week after Registration Day if a student account reflects a credit balance. Refund checks are made payable to the student unless the student requests otherwise. A picture ID is needed to obtain the check. You will be informed by e-mail if your check is returned. In addition to late payment fees, finance charges or collection fees, a Registration or Degree Hold will occur if you have an outstanding student account balance, short term loan, past due MIT loan, Institute housing charge or returned check.