Dec 9, 2024
University of Texas, MIT and others announce free tuition for some undergraduates
Posted by Omuterema Akhahenda in categories: education, finance
Nearly half a dozen institutions of higher education separately announced plans this week to make tuition free for undergraduates who meet certain income requirements, reflecting a growing nationwide effort to make college more affordable.
The schools span states from Massachusetts to New Mexico, and include some of the country’s leading universities. They all announced their initiatives within days of each other. And while the specific financial requirements for current students applicants vary between schools, all are slated to take effect in fall 2025.
The Massachusetts Institute of Technology in Cambridge, for example, says undergraduates with family income below $200,000 can attend tuition free starting next year, up from its current threshold of $140,000. It said in its announcement that 80% of American households meet the updated threshold.