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

(news.mit.edu)
581 points gnabgib | 2 comments | 20 Nov 24 16:59 UTC | HN request time: 0.438s | source
1. kqr2 ◴[21 Nov 24 00:00 UTC] No.42199500[source]▶
What about wealthy people with low AGI but lots of assets?
replies(1): >>42200587 #
2. testfoobar ◴[21 Nov 24 02:47 UTC] No.42200587[source]▶
Check out CSS or FAFSA calculators to figure out your expected family contribution. Financial Aid offices at places like MIT that are need blind fill in the gap between your expected contribution and cost of attending with aid.

The answer to your question is it depends. Some assets like your primary home and retirements can be shielded from expected family contribution. If you've got assets sitting in a taxable account....