Higher education access

GOP Budget Bill: Crushing College Access for the Working Class

In short, the Pell Grant program now mandates 15 credit hours for full-time status, eliminating aid for those studying less than half-time. This change, impacting approximately 20% of current recipients, necessitates an additional course per semester for most students to maximize aid and results in a significant financial reduction for those unable to increase their course load. While projected to save the government $67 billion over ten years, this comes amidst a $3.1 trillion deficit increase, disproportionately affecting low-income students balancing work and family responsibilities. The changes exacerbate the grant’s already diminished value due to inflation and rising tuition costs.

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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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