Massachusetts Institute of Technology to waive tuition for families making less than $200K.
One of the most prestigious universities in America has made a landmark decision to offer the majority of its incoming undergraduate students a tuition-free education.
The Massachusetts Institute of Technology announced on Wednesday that students with family income below $200,000 can expect to attend the Cambridge institution tuition-free starting next fall.
The bulk of American households meet this income threshold, according to the university, which says the new policy will cover 80% of its incoming classes.
Additionally, students whose family income is below $100,000 will see their entire MIT experience paid for, including tuition, housing, dining, fees and an allowance for books and personal expenses.
The Great Dome on Killian Court at the Massachusetts Institute of Technology (MIT) campus in Cambridge, Mass., June 2, 2021.
The tuition-free financial aid initiative is made possible by "generous gifts made by individual alumni and friends" of the university, according to MIT. »
