Newly expanded financial aid will cover tuition costs for admitted students from 80 percent of U.S. families.
They’ve got a $24.6 Billion endowment; the tuition costs are negligible. This is basically a marketing ploy.
Still incredible, I think. Consider all the resources of various institutions and corporations which are not used in such a way. If only more did similar.
Uh, yeah. That’s what marketing is. Where do you think undergrads will be trying to go now? If a top student had to pick between CalTech, MIT, and Harvard, and MIT is tuition free, it’s a no brainer.
I’m not saying it’s bad, I’m just pointing out the masturbatory nature of MIT’s announcement given their endowment and the peanuts it will cost them.
Where do you think undergrads will be trying to go now?
Europe?
If it ends up having a significant enough impact on enrolments, it could well force the other institutions to implement similar policies.
Do something good, get shit on in the comments. Par for the course, good work.
It’s peanuts to them, so they should just carry on charging people. Better still would be to charge an amount that isn’t peanuts to them.
