Next year, MIT says, the all-inclusive cost of tuition, room, and board will top $50,000. What would happen if MIT made an executive decision that, by 2020, tuition would be free?
Each year when administrators talk about the tuition increase, they usually point out two things: first, that the "true cost" of educating each student is about twice as much as what MIT charges in tuition; and second of all, in every year I can remember, that the tuition increase has been matched by a larger increase in the total financial aid budget.
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