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Series creator Jenny Bicks confirmed that the network had opted not to renew the show for a third season.
She told TV Guide: "I am really proud of the work we did on MIT. A huge thank you to our supportive fans."
The Anne Heche comedy has averaged just over 6 million viewers for its second season, a drop from the first run's 8 million average. Cable network Lifetime recently declined to take on the series after it was offered up by ABC.
Bicks put the ratings slide down to inconsistent scheduling, saying: "I wish the show had not been moved six times and put on to two long hiatuses. No show could survive that."
She said producers had filmed an alternate series-finale ending which will be added to the the current season's last episode.
> Click here for a guide to which shows have been axed and renewed
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