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A comment on Billionaire Robert F. Smith pledges to pay Morehouse 2019 grads’ student loans. Parent comment

Re:Billionaire Robert F. Smith pledges to pay Morehouse 2019... by Anechoic on Sunday May 19, 2019 @11:35PM (#19957349)
Perhaps things changed in the 20 years since I graduated, but based on the college aid packages offered to me, it was less expensive for me to go to MIT than it was to go to UMass Amherst.
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Re:Billionaire Robert F. Smith pledges to pay Morehouse 2019... by jdminhbg on Sunday May 19, 2019 @11:44PM (#19957381)
The upper elite of private schools (including MIT) are different from the vast majority of good-but-not-elite private schools.
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Re:Billionaire Robert F. Smith pledges to pay Morehouse 2019... by acomjean on Sunday May 19, 2019 @11:43PM (#19957375)
As a Umass Amherst alum, I knew a couple of people there who got into MIT, and didn't go due to the cost. There were lots of students at UMass, who were foregoing private schools. Those tuitions seem like a bargin today.

You probably got a good package. That was about 25 years ago, when Tufts was the first college to break to 20k/year barrier.

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Re:Billionaire Robert F. Smith pledges to pay Morehouse 2019... by junar on Monday May 20, 2019 @06:06PM (#19965776)
As they mention, financial aid is the big factor. I suspect that the majority of people turning down these schools would not be eligible for significant financial aid awards.

MIT without financial aid: $67,342

MIT with "average" financial aid: $18,025

UMass in-state: $29,876

https://web.mit.edu/facts/tuition.html

https://www.umass.edu/umfa/undergraduates/costs

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