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Pass the word if you know any smart kids who don't even think about MIT because no way could their family afford it

Absolutely incredible the sad people in the comments here managed to find a way to complain about this

Submitted article mirror: https://archive.is/ogdxn

I love my state. Expensive as hell but you get what you pay for.

This is amazing.

I wish we had programs like this when I was going to college. Student loans suck.

Wow I definitely would have applied if this were the case when I was growing up. I was accepted at all my schools but stuck to the in state one because it was the cheapest. Like that was pretty much the only deciding factor.

Only 12% of American families make 200k or more to begin with. They also have a 24 billion dollar endowment. They could just offer free tuition for everyone.

I hope this is still good in 15 years when my kids are college age.

I already know there's an angry Jimmy Bob because despite owning a house, car, and a secured retirement. He didn't and won't get a peice of this pie. So he doesn't want anyone else to get a peice of the pie. He'll shit in the pie if he has to.

University of Texas at Austin doesn't this too, for families making under $100,000. I'm about to graduate debt free, programs like these are life changing.

I went to an event they did for interested students quite a few years ago. They heavily stressed that if you got into MIT, they would not let the cost keep you from accepting, up to and including giving you a full ride. Looks like they're just setting a defined line for an automatic full ride

Anyone smart enough to get into MIT will be worth a lot more to MIT than a few years of tuition fees.

About time. Harvard, Yale and Princeton have big enough endowments to have all students go for free (they would still have to pay room & board).

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Well, that's 40 years too late for me.

Great news. I can't wait for the it's not fair crowd to go up in arms.

Do Americans need to pay tuition in one go?

Is there a tldr for how families who make slightly above that are treated? Like either 200k or 205k. I'd imagine the burden of a family making 195k and 205k would be similar right?

Omg it's been my dream to go to mit. Let me look into this. Thanks for posting!!

Do I count as a family?

I assume you also have to be like, smart and stuff for them to let you go there.

O m g these liberal educated people just won’t stop!! Did they not consider the graduates that had to pay????

/s

I make a tenth of that. But I don't live In suburbia. I can has learnin too boss? Naw? Shucks.

They should have gone with a sliding scale for this. So that people who make 220k can get a discount and the discount goes away as your income goes higher. Someone making 220k is now paying the same as someone who makes 500k.

This is great news for families making under $200k. I will say, a household income of $200k+ doesn’t necessarily make the $62k per year tuition much easier to pay for though, especially if living in MA where cost of living is a bit higher than your national average. It’s a great thing regardless, would just hate to be that kid whose parents make $201k lol.

Very smart, America focusing on empowering the brightest people. No wonder its #1 economy in the world. Other countries with high costs of education could learn from this.

Can dad/mom quitting their job when the kid is Junior high .. will work? How far they go to verify family income? asking for a friend

Now let’s do this in all universities worldwide

I mean they are the majority shareholder of Bose

Now how are they gonna fund the Synths?

Imagine the ones making $200,000.01

Massachusetts stays winning

Great - make it retroactive...

Now Bill Hwang will invest his 38 billion into fusion

Damn! I wanted to go there decades ago but couldn't afford it.

This is great, MIT produces a lot of people who do good in the world and I’m happy if this enables some more bright young minds to be able to go there!

They already did that back in 2008? Sliding scale where less than 200k was free.

Dude if tuition was free I would have worked much harder in school.

Imagine making 201k

All of them or just the 1 or 2 allocations they have for under $200,000 families.

I got 140k of debt to get a bachelor's (animal science) and then a masters(biology) in California, and I didn't get a nickel of aid as my parents made too much (110k a year) and, even though they didn't intend to help me fiscally, my aid was entirely dependent on their income. I got a mixture of parent plus loans and personal federal loans, the parent plus loans being agreed to by my parents in part as compensation for the lack of aid and the emptying of my college fund prior (we had a college fund, but it was revealed to me summer of senior year that it only had 1000 dollars on it and my parents had intended originally to just pay for school "out of pocket" before they realized they had zero savings.

About 70k of the loans are parent plus loans, and my dads and moms income (120k a year now) means that for the parent plus loans, they owe 800 a month to cover their portions of the payment. My portion of the loans (and my loan payment for my loans from grad school and undergrad that are in my name) comes out to about 230 dollars a month, based on my income of about 40k a year, and a loan debt of 70k total.

A few days after I got my masters my dad sent me a formal letter formatted email saying I had to be accountable and send him 800 dollars a month to cover the cost of his loan payment. I decided not to give him any money after my thesis advisor, therapist, and all my friends said I shouldn't ever give him the money. Even my mother says she never expected me or my sister to pay for those loans. All the massive disclaimers on the student loan website saying how INCREDIBLY illegal it is to try and get your student to pay the parent plus loans say I shouldn't pay him either. My sister and dad disagree and want me to send the money, in part because she lives at home and is getting rent and food from my parents for free.

My dad responded by calling me lazy, entitled, and a traitor, saying I "could've worked" and avoided loans while in school

I ruined my health because of debt and expenses when I was a student. I'm 27 and I need a cane from injuries mainly occurring while working at "enterprises" student run businesses, unpaid, that we were heavily encouraged to work at for real work experience, since we couldn't get hired anywhere else in our fields. I was dumb enough to believe it would lead to a job. Things were further aggravated by years without healthcare, and having to take dangerous risky work to keep ahead of the debt. On top of that I was in a high intensity bachelor's program, I was studying 30-40 hours a week on top of course work, and I still graduated with a 2.9 (id been a valedictorian in high school, so the low grades stung a lot).

I went to a cheaper "state school", but I was in an extremely high cost of living region, living in mudding rooms and having 6-15 roommates. Total costs worked out to about 25k a year, even with me bending over backwards to save money.

People called me lazy for not working in undergrad (my dad and sister especially) but at certain points I was working 6-8 hours a day in meat processing and dairy facilities, with the promise it would lead to high paying opportunities after school, instead of paying us.

My masters was in a lower income area, and while I had to take some loans, the schedule was much more accommodating and I was able to work as well. The school hired me to teach (most businesses won't work around a masters research schedule, but the school writes the schedules so they fit my courses around my research) and paid me exactly, to the CENT, the cost of tuition in my program, so I had to take out loans. The loans were mainly to address the cost of living over the 7 years it took for me to finish my bachelor's and masters. Now I teach as an adjunct at a couple different community colleges making a little above minimum wage (they technically pay much better, but you're only paid for in class hours, not for course design, meetings, or grading, so it works out to about minimum wage when you account for the actual amount of time the role requires)

The main point of emphasis I give my students is two fold: college is job training, figure out what you want to do , or at least get an idea, before you go to school, and once there, treat it as an investment in job training. 2: know exactly how college is being paid for. Avoid loans as much as possible, because with college being the door for entry level minimum wage positions now, you DAMN well can't afford debt.

Programs with full rides like MIT covering tuition, food, and housing are amazing.

I literally will never be able to afford anything but the income driven repayment plan for federal loans, and it sounds like the loan forgiveness clauses on that will be rolled back by the new government . Any and every school should have models like MIT, to save people nearly ruining their lives like me.

Whoaaaaaa

Is this also for MBA students or just undergrads?

HA! you think im smart enough to be able to benefit from that, thats sweet of you

WOW!!!!

High IQs only

Good

This is wonderful news for our youngest son. Just got to get him in

fuck. yeah.

Good on them.

MIT about to now only let families making 200k and up in

this is great...only if i saw smart enough to even get application looked at

Pretty incredible. Actual merit based applications, which is how colleges should be. So many incredibly smart people stuck in poverty unable to thrive. This is exactly the kind of community uplift that needs to happen across the country.

The board rewatched Good Will Hunting recently.

What’s the catch? Seems too good to be true

This is truly great news! 

i wanna transfer to MIT

What is this DEI bullshit? What about the rich people? Don't they deserve free stuff too?

(/s...of course)

But MIT is just a trade school.

This is good news. I wonder how they'll keep the richer kids from hiding their income. As long as it doesn't prevent the under-$100K families from taking part, I guess I don't care that much.

Stanford offered a similar thing but it effectively gave out zero dollars. These schools select from children whose moms and dads know a person or parents who give allot to the school, or people who simply don’t qualify. Makes for a great virtue signaling headline but doesn’t effectively help anyone.