M.I.T. Cuts Tuition Fees
The Massachusetts Institute of Technology is joining to the list of US elite universities that have either dropped or cut their tuition fees based on students’ annual income. Newstin.com reports that M.I.T. has announced that it will cut the tuition fees for students whose parents have an annual income of $75,000 or less.
The Massachusetts Institute of Technology says undergraduates whose families earn less than $75,000 a year will not have to pay tuition. … The university says in its plan approved Friday that students will also not be expected take out loans beginning next academic…
According to The New York Times, this plan is expected to cover about 30 percent of the university’s 4,000 undergraduates.
The university is increasing its financial aid budget by $7 million to $74 million a year, and students who have work-study jobs as part of their aid will work fewer hours. The school says tuition and fees will go up next year by 4 percent to $36,390.
Photo: © Chaval Brasil
No related posts.
-
Financial Aid
