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

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...

> They may leave with debt however.

The linked article says not.

  Loans are not included in our financial aid offers because we believe your financial aid will cover your expenses. We do not expect any undergraduate to take out a loan. Rather than borrow, most students opt to work during the academic year. At MIT, this work often provides students not only a way to help pay for college but also with world-class research experience. 

Of course there is still the small matter of investing a few years of your life. The biggest regret I have with my degree (Canterbury) is the waste of time. I didn't learn much but the degree did get me a job.