←back to thread

581 points gnabgib | 1 comments | | HN request time: 0.23s | source
Show context
bko ◴[] No.42196722[source]
MIT is a great financial investment. There is financing already available (federal and private) so presumably if someone wanted to go they likely could. They may leave with debt however.

The median salary of an MIT graduate is 120k and the median debt is 12k, and less for lower income families (2023-2024):

$0 - $30,000 family income: $6,866

$30,001 - $75,000 family income: $9,132

$75,000+ family income: $12,500

Bumping this up to families making $200k seems really unnecessary and helps people that don't really need to help.

https://sfs.mit.edu/undergraduate-students/the-cost-of-atten...

replies(7): >>42196848 #>>42196851 #>>42196956 #>>42196967 #>>42196971 #>>42198689 #>>42198743 #
FuriouslyAdrift ◴[] No.42196956[source]
When I looked at MIT in 1990, tuition was fully covered but housing was BRUTAL.

More than twice my parents mortgage. I'm sure it's worse, now.

replies(2): >>42197227 #>>42198967 #
1. aidenn0 ◴[] No.42198967[source]
From the page GP linked, the median scholarship for students with household income under $65k/yr also covered housing, and $65k-$100k covered most of the housing costs.