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.
Sunday, March 9, 2008
MIT announces new aid policy
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