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581 points gnabgib | 1 comments | | HN request time: 0.229s | source
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kevinventullo ◴[] 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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clusterhacks ◴[] No.42198491[source]
Use College Navigator for these types of questions:

https://nces.ed.gov/collegenavigator/?q=MIT&s=all&id=166683#...

That link says 72% of incoming freshman in 2022-2023 received financial aid. Also has a full-time beginning net cost average of just under $22,000 in 2022-2023.

It's not a perfect source of data, but there is enough on College Navigator to let you dig into it a bit and compare to other schools.

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brewdad ◴[] No.42198770[source]
Note that aid includes federal student loans though. They may have needed to come up with $22,000 out of pocket but also have taken on thousands more in loans that will need to be paid back. If they don't have the $22,000, then private student loans at much worse terms are likely required.
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1. seanmcdirmid ◴[] No.42200538[source]
The article actually goes into more detail:

> Last year, the median annual cost paid by an MIT undergraduate receiving financial aid was $12,938 , allowing 87 percent of students in the Class of 2024 to graduate debt-free. Those who did borrow graduated with median debt of $14,844.