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

(news.mit.edu)
581 points gnabgib | 1 comments | 20 Nov 24 16:59 UTC | HN request time: 0.001s | source
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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.
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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)

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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.
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1. 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?)