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

(news.mit.edu)
737 points gnabgib | 1 comments | 20 Nov 24 16:59 UTC | HN request time: 0.235s | source
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TheJoeMan ◴[20 Nov 24 19:26 UTC] No.42197249[source]▶
This is a great step in the right direction. I can't speak directly for MIT, but there are issues with how these programs don't apply to parents with small family businesses. My parents had a small business, with my father taking home a salary of $XX,XXX. Duke University used the business assets to determine the EFC (expected family contribution) of literally 90% of the salary. Essentially saying to sell off the family business for the college fund, which was a non-starter.

Small businesses are allegedly the backbone of America, and I feel these tuition support programs overlook this segment of the middle-class.

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nuancebydefault ◴[20 Nov 24 20:53 UTC] No.42198000[source]▶
Why are such things in the US so complicated? Where I live, studying is much much cheaper for most professions,for everyone!

That's the only fair way. Also, a set of well educated people pays itself back later in the form of mostly income and added value taxes, which provides money to keep studying for cheap for the next generation.

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itsoktocry ◴[20 Nov 24 21:45 UTC] No.42198435[source]▶
>Where I live, studying is much much cheaper for most professions,for everyone!

I'll go out on a limb and bet people in your country earn much less than the average American, too. Why? Why don't companies just pay these people more? IT all comes back in income and value added taxes.

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shafyy ◴[20 Nov 24 22:09 UTC] No.42198629[source]▶
I don't know where the OP lives. But in Switzerland, where world-class univeristies like the ETH cost something like $ 1.5k a year in tuition, I'm pretty certain that people earn more on average than in the USA.
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ummonk ◴[20 Nov 24 22:42 UTC] No.42198900[source]▶
Americans earn more than Swiss people after taxes according to https://en.wikipedia.org/wiki/Disposable_household_and_per_c...
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LtWorf ◴[20 Nov 24 22:54 UTC] No.42198997[source]▶
And after paying insurance?
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1. ummonk ◴[21 Nov 24 15:57 UTC] No.42205590[source]▶
Switzerland's system is the kind of system Obamacare was modeled after (i.e. requiring private health insurance, and providing subsidies to those who can't afford it).

No doubt, Switzerland's healthcare is cheaper (American doctors and hospitals are some of the most expensive in the world), but the data I linked to is already adjusted for purchasing power parity (PPP).