college affordability

MIT Offers Free Tuition to Families Earning Under $200,000

In a significant expansion of its financial aid program, MIT will eliminate tuition for students from families earning under $200,000 annually, starting in Fall 2025. This initiative also covers housing, dining, and other fees for families earning under $100,000, further encompassing book and personal expenses. This surpasses the current threshold of $140,000 for tuition waivers and $75,000 for fee waivers, reflecting MIT’s commitment to broadening access. Families earning above $200,000 remain eligible for need-based aid.

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Biden administration to forgive $1.2 billion in student debt for over 150,000 borrowers

I can’t help but feel a mixture of emotions when discussing the recent news regarding the Biden administration’s decision to forgive $1.2 billion in student debt for over 150,000 borrowers. On one hand, relief for those enrolled in the Saving on a Valuable Education (SAVE) plan who have been in repayment for a decade or longer and originally took out $12,000 or less is undoubtedly a step in the right direction. The idea that those who have diligently made payments for so many years deserve some form of respite from the burden of student loans is a sentiment that many can rally behind.… Continue reading