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There was an article over the weekend about MIT and that 58% of their students receiving financial aid. And how the tuition has gone up over 1000% in the last 2
by downrightmike 8y ago
There was an article over the weekend about MIT and that 58% of their students receiving financial aid. And how the tuition has gone up over 1000% in the last 20 years. And that MIT is purposly setting the tuition so high because it enables them to be a tax exempt charity based on that 58%.
Point is that it is in the school's best interest to make it unaffordable for most of the students that go there. More loan money is available, so the tuition goes up to keep it unaffordable for most of the students.