CAMBRIDGE – MIT says students from families with incomes under $200,000 a year will no longer have to pay tuition starting in the fall of 2025.
Families earning less than $100,000 will not have to pay for housing, food or other costs, and they will be reimbursed for books and other personal expenses.
Currently, the university in Cambridge, Massachusetts is waiving tuition for families making less than $140,000, and costs are also covered for those making less than $75,000.
‘Study costs are a real concern’
“The cost of college is a real concern for families across the board, and we are committed to making this transformative educational experience available to the most talented students, regardless of their financial circumstances,” MIT President Sally Kornbluth said in a statement.
Families earning more than $200,000 a year can still receive financial assistance based on their needs, MIT says.
Tuition for the 2024-2025 academic year at MIT is almost $62,000. Housing, dining and other costs can add up to another $24,000 annually.
MIT has said it wants to focus on making its education affordable for all students. The university said this year’s incoming class less diverse due to a 2023 Supreme Court ruling rejecting it positive action.
Financial Aid to Colleges in Massachusetts
At nearby Harvard University, families earning between $85,000 and $150,000 contribute 0-10% of their income to their students’ education, while those earning more than $150,000 are asked to pay proportionately more “based on their individual circumstances”.
Brandeis University in Waltham said Tuesday that starting next fall it will waive tuition for students with families making less than $75,000 a year. Families earning less than $200,000 per year will receive grants and scholarships to cover half of tuition, which amounts to more than $67,000 per year.
UMass Boston said last month that Massachusetts residents earn less than $75,000 a year do not have to pay tuition or mandatory costs.
