One of the most prestigious universities in America has made a landmark decision to offer the majority of its incoming undergraduate students a tuitio

Massachusetts Institute of Technology to waive tuition for families making less than $200K

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2024-11-21 14:30:04

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.

"MIT's distinctive model of education — intense, demanding, and rooted in science and engineering — has profound practical value to our students and to society," MIT President Sally Kornbluth said in a press release.

"The cost of college is a real concern for families across the board," Kornbluth added, "and we're determined to make this transformative educational experience available to the most talented students, whatever their financial circumstances. So, to every student out there who dreams of coming to MIT: Don't let concerns about cost stand in your way."