MIT announces new aid policy

MIT is the latest college to announce a new financial aid policy aimed at helping students from lower income families. MIT’s new policy will provide that families earning less than $75,000 will not pay any thing for tuition. Also, students from families earning less than $75,000 a year will have all loans eliminated and replaced with grants. This new policy also provides that families with less than $100,000 annual income will not have home equity considered in awarding financial aid and all students with work study with have the number of required hours lowered.
br>MIT has historically had strong financial aid and it is good to see them further strengthening their support for making an MIT education affordable for all students.