For students whose families earn less than $100,000 per year, the school will also cover other costs, including housing, dining, fees and an allowance for books and personal expenses.
By Alexandra E. Petri in the NYT (thanks to Pam P.)
The Massachusetts Institute of Technology announced on Wednesday that it would eliminate tuition costs next fall for all undergraduate students whose families earn less than $200,000 per year — following a national movement to try to make higher education more accessible.
For students whose families earn less than $100,000 per year, the university will also cover all other costs, including housing, dining, fees and an allowance for books and personal expenses.
M.I.T., the private research university based in Cambridge, Mass., is ranked among the best higher education institutions in the world. Tuition for the 2024-2025 school year was roughly $62,000, according to MIT’s website. The full cost, including housing and other fees, is just under $86,000 per year.
In a statement, Sally Kornbluth, president of M.I.T., said that “the cost of college is a real concern for families across the board.”
“We’re determined to make this transformative educational experience available to the most talented students, whatever their financial circumstances,” Dr. Kornbluth said. “To every student out there who dreams of coming to M.I.T.: Don’t let concerns about cost stand in your way.” (continued)