Financial aid

In an effort to make higher education more accessible, MIT has announced that undergraduate students with families earning less than $200,000 per year will receive free tuition beginning fall 2025, reports Alexandra Petri for The New York Times. “We believe MIT should be the pre-eminent destination for the most talented students in the country interested in an education centered on science and technology,” explains Stu Schmill, dean of admissions and student financial services, “and accessible to the best students regardless of their financial circumstances.” 

Undergraduate students with a family income of less than $200,000 can expect to attend MIT tuition-free starting fall 2025, reports Maria Papadopoulos for Boston 25. “MIT is one of only nine colleges in the US that does not consider applicants’ ability to pay as part of its admissions process and that meets the full demonstrated financial need for all undergraduates,” Papadopoulos reports. “Graduates benefit from the lifelong value of an MIT degree, with an average starting salary of $126,438 for graduates entering industry.”

Undergraduate students at MIT with families earning less than $200,000 can expect to attend MIT with free tuition beginning fall 2025, reports Travis Anderson for The Boston Globe. “The $200,000 threshold for free tuition was raised from the current level of $140,000, while the $100,000 threshold is an increase from this year’s ceiling of $75,000,” Anderson writes. “MIT said it has earmarked $167.3 million for need-based financial aid this year to undergraduates, up roughly 70 percent from a decade ago.”

Undergraduate students with a family income of less than $200,000 can expect to attend MIT tuition-free beginning fall 2025, reports Leah Sarnoff for ABC News. “Additionally, students whose family income is below $100,000 will see their entire MIT experience paid for, including tuition, housing, dining, fees and an allowance for books and personal expenses,” writes Sarnoff. 

As part of an effort to increase affordability for students and families, MIT undergraduate students with a family income below $200,000 a year can expect to attend MIT tuition-free, starting in fall 2025, reports Emily Piper-Vallillo for WBUR. “Many families are concerned about the cost of college,” says Stu Schmill, dean of admissions and student financial services. “We really want to send a message that coming to school at MIT is affordable and that cost should not stand in the way of a student applying.” 

Chancellor Melissa Nobles discusses challenges facing higher education, touching on the importance of diversity, inclusion, and affordability in higher learning, as well as her research on race and politics. Nobles notes that MIT’s signature ability is “to foster excellence in fundamental research and education and then to use that research and education to help tackle the world’s toughest problems. Our success rests crucially on our people. We support, we welcome, and we collaborate with some of the best faculty and staff around the world. And, of course, we attract the best students.”

CNBC reporter Abigail Hess spotlights how MIT “is one of just a few schools in the country to be considered full-need and need-blind, meaning the school does not consider financial status during acceptance decisions and claims to meet all demonstrated financial need.”

Quentin Palfrey, executive director of J-PAL North America, writes for The Hechinger Report about the need to simplify college financial aid applications. Palfrey notes that easing the “financial aid application process can make the difference between whether students go to college or end their formal education — and make an important step toward closing the stark inequalities in higher education in our country.”