MIT to offer free tuition to families earning less than $200,000
Massachusetts Institute of Technology (MIT) announced on Wednesday a significant expansion of its financial aid program. Starting next fall, undergraduate students whose families earn less than $200,000 annually will not pay tuition. For families earning under $100,000, MIT will cover additional costs, including housing, dining, fees, and allowances for books and personal expenses.
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The initiative is part of a broader national trend to make higher education more accessible and builds on MIT’s existing financial aid structure. Currently, the university provides full-tuition scholarships for students from families earning up to $140,000 and covers all expenses for those earning up to $75,000.
Expanding Access to Higher Education
Sally Kornbluth, MIT’s president, emphasized the institution’s commitment to affordability in a statement:
«The cost of college is a real concern for families across the board. We're determined to make this transformative educational experience available to the most talented students, whatever their financial circumstances. To every student out there who dreams of coming to MIT: Don't let concerns about cost stand in your way.»
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The expanded aid plan increases the university’s financial aid budget to $167.3 million for the current academic year, reflecting a 70% rise over the past decade. Undergraduates receiving
