MIT to offer free tuition to American families earning less than $200,000

The Massachusetts Institute of Technology (MIT) has announced that undergraduates with family income below US $200,000 can expect to attend MIT tuition-free starting next fall. The announcement follows the newly-expanded financial aid.

As per the official notice, for the 50 per cent of American families with income below $100,000, parents can expect to pay nothing at all toward the full cost of their students’ MIT education, which includes tuition as well as housing, dining, fees, and an allowance for books and personal expenses.

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. As per the institute, six out of every 10 students receive MIT need-based aid.

The median annual price paid by an undergraduate who received an MIT Scholarship was $12,938⁠02 for the 2023–2024 academic year.

While parents — whose family income is below the threshold aren’t expected to contribute to the child’s tuition fee, students, however, are still expected to contribute toward their own expenses from their summer savings contribution and student employment during the school year.