Most of the less prestigious 4 year institutions aren't functionally cheaper than MIT though, i.e. once you account for financial aid. The average tuition paid

Most of the less prestigious 4 year institutions aren't functionally cheaper than MIT though, i.e. once you account for financial aid. The average tuition paid at MIT (and other "elite" schools) is lower than it is at the majority of private schools and even out of state public schools.