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

(news.mit.edu)
581 points gnabgib | 7 comments | 20 Nov 24 16:59 UTC | HN request time: 0.566s | source | bottom
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TheJoeMan ◴[20 Nov 24 19:26 UTC] No.42197249[source]▶
This is a great step in the right direction. I can't speak directly for MIT, but there are issues with how these programs don't apply to parents with small family businesses. My parents had a small business, with my father taking home a salary of $XX,XXX. Duke University used the business assets to determine the EFC (expected family contribution) of literally 90% of the salary. Essentially saying to sell off the family business for the college fund, which was a non-starter.

Small businesses are allegedly the backbone of America, and I feel these tuition support programs overlook this segment of the middle-class.

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JumpCrisscross ◴[20 Nov 24 20:00 UTC] No.42197538[source]▶
It’s incredibly difficult to structure these rules in a way that doesn’t discriminate against small businesses while not opening a giant loophole for the rich.
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changoplatanero ◴[20 Nov 24 22:06 UTC] No.42198599[source]▶
Why is the price you have to pay for something dependent on how much money your parents make? Feels so unfair
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1. s1artibartfast ◴[20 Nov 24 22:18 UTC] No.42198715[source]▶
Because it is really a discount to the parents, not the student. It is understood that few 17 year olds have saved enough money to pay MIT's tuition of $85k/year for 4 years and parents are usually footing the bill.

Yes, students who's parents have money but choose not to spend it get a rough deal. You can make a pretty strong case that it is their parents screwing them over, not the school. The school doesn't owe a discount to prospective students.

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2. bigstrat2003 ◴[20 Nov 24 22:44 UTC] No.42198916[source]▶
> Yes, students who's parents have money but choose not to spend it get a rough deal. You can make a pretty strong case that it is their parents screwing them over, not the school.

No you can't. The school is the one choosing to set their prices based on the parents, who might or might not have anything to do with the student's school budget. That is the school's faulty assumption, and they, not the parents, are the ones screwing over those students.

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3. ndriscoll ◴[20 Nov 24 23:15 UTC] No.42199140[source]▶
You can't make that case at all. The price these name-brand schools ask is pretty much "how much do you(r parents) have?", and your kids could instead go to state school (if they can get into MIT, they probably qualify for a full ride scholarship or at least close) and have that tuition go to an ~80% down payment on their first house.
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4. s1artibartfast ◴[20 Nov 24 23:29 UTC] No.42199248[source]▶
My point is that the school has zero obligation to a prospective student. If the parents have the means to pay, but dont want to, that seems to be a bigger question of responsibility and obligation.
5. s1artibartfast ◴[20 Nov 24 23:30 UTC] No.42199259[source]▶
I agree with that. I dont see how that is MIT's problem.
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6. ndriscoll ◴[21 Nov 24 00:01 UTC] No.42199512{3}[source]▶
It's not their problem, but they're setting the absurd price, so it's not the parents screwing over the kids somehow. The price being so outrageously high does also call into question whether their charitable endowments could reasonably be characterized as part of a tax avoidance scam.
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7. s1artibartfast ◴[21 Nov 24 04:20 UTC] No.42201072{4}[source]▶
>The price being so outrageously high does also call into question whether their charitable endowments could reasonably be characterized as part of a tax avoidance scam.

I dont see how that follows at all. They spend more on students than they receive in tuition funds. Who would they be scamming? What if they offered a million dollar education? I still dont see how that would impact their non-profit status.