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

(news.mit.edu)
581 points gnabgib | 4 comments | 20 Nov 24 16:59 UTC | HN request time: 0.691s | source
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d2049 ◴[20 Nov 24 19:29 UTC] No.42197271[source]▶
When I was touring colleges as a high school senior I met someone who had gotten into MIT but whose family could only afford to send one kid to an elite college, him or his sister. He decided to go to a state school which was a lot less expensive but whose academics weren't close to the same level. This stuff matters to people.
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1. blackguardx ◴[20 Nov 24 22:48 UTC] No.42198934[source]▶
Most students go into debt to attend college. I fell into a bracket where I didn’t get any financial assistance but my parents didn’t want to/couldn’t pay for tuition. I got personal loans for everything. I think this is a common scenario.
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2. accrual ◴[21 Nov 24 00:57 UTC] No.42199915[source]▶
Same here. I paid "full price" for my degree coming from a normal middle class family. Fortunately I was able to pay it all off a few years out of school with my first job.
3. bmitc ◴[21 Nov 24 02:55 UTC] No.42200638[source]▶
The large majority of MIT undergraduates graduate debt free.
4. grecy ◴[21 Nov 24 06:31 UTC] No.42201704[source]▶
* in the US.

In many developed countries higher education costs the same as high school.