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.
It’s peanuts to them, so they should just carry on charging people. Better still would be to charge an amount that isn’t peanuts to them.