←back to thread

Undergraduates with family income below $200k will be tuition-free at MIT

(news.mit.edu)
581 points gnabgib | 3 comments | 20 Nov 24 16:59 UTC | HN request time: 0.498s | source
Show context
kevinventullo ◴[20 Nov 24 17:34 UTC] No.42196288[source]▶
The article claims 80% of American households meet this threshold. I wonder what % of their incoming class (say restricted to Americans) meets this threshold.
replies(3): >>42196403 #>>42196923 #>>42198491 #
dleink ◴[20 Nov 24 18:46 UTC] No.42196923[source]▶
Princeton has had a similar rule since 2001. Their current number is $100k. 25% of students pay nothing to attend. [0]

[0] https://www.princeton.edu/news/2024/03/29/princeton-trustees... (go tigers)

replies(1): >>42197053 #
1. WorkerBee28474 ◴[20 Nov 24 19:00 UTC] No.42197053[source]▶
Approximately 60% of American households earn less than $100K. That's quite a difference in relative size.
replies(2): >>42198481 #>>42200652 #
2. jknoepfler ◴[20 Nov 24 21:49 UTC] No.42198481[source]▶
Households with earners in their 20's and early 30's don't tend to have a lot of children of university age. One would want to use the median income of households with university-aged children.

(Median income by age rises sharply from 20->40, then flatlines... the median age of a mother is around 27?)

3. kjkjadksj ◴[21 Nov 24 02:57 UTC] No.42200652[source]▶
The population of people who apply to a nice college, or even college at all, is probably not representative of the average american household