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http://web.mit.edu/facts/financial.html http://web.mit.edu/facts/financial.html In 2015, tuition accounted for only 10% of MIT's yearly revenue (~$331M), so yo
by jqgatsby 11y ago
http://web.mit.edu/facts/financial.html http://web.mit.edu/facts/financial.html
In 2015, tuition accounted for only 10% of MIT's yearly revenue (~$331M), so you have to cut the rest of the budget by 10% to give everyone free tuition.
One natural area to focus on is yearly administrative costs, which in 2015 were $763M.
If you gradually cut administrative costs by building fewer beautiful buildings for undergraduates to be indebted in or hiring fewer administrators, you can afford for every undergraduate to attend tuition free.