Undergraduates with family income below $200,000 can expect to attend MIT tuition-free starting next fall, thanks to newly expanded financial aid. Eighty percent of American households meet this income threshold.
Newly expanded financial aid will cover tuition costs for admitted students from 80 percent of U.S. families.
Uh, yeah. That’s what marketing is. Where do you think undergrads will be trying to go now? If a top student had to pick between CalTech, MIT, and Harvard, and MIT is tuition free, it’s a no brainer.
I’m not saying it’s bad, I’m just pointing out the masturbatory nature of MIT’s announcement given their endowment and the peanuts it will cost them.
Uh, yeah. That’s what marketing is. Where do you think undergrads will be trying to go now? If a top student had to pick between CalTech, MIT, and Harvard, and MIT is tuition free, it’s a no brainer.
I’m not saying it’s bad, I’m just pointing out the masturbatory nature of MIT’s announcement given their endowment and the peanuts it will cost them.
If it ends up having a significant enough impact on enrolments, it could well force the other institutions to implement similar policies.
Europe?