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MIT's The Weather Oldest and Largest Today: Snow, sleet, 30°F (-1°C) Tonight: Freezing rain, 32°F (O°C) ewspaper Tomorrow: Cloudy, cold, 30°F (-1°C) Details, Page 2 Volume 116, Number 9 Cambridge, Massachusetts 02139 Tuesday, March 5,1996 MIT OKs 4.8 Percent Tuition Hike to $22,000 By A. Arlf Husain dent's education with the remainder sources. Loans and student jobs often receive other scholarships, it is rate of growth and making financial NEWS EDITOR covered by endowment and unre- account for an additional $22 mil- estimated that only about 29 percent aid available, MIT will remain Tuition for the 1996-97 academ- stricted gifts and grants. lion. of students pay the full amount. accessible to bright students regard- ic year has been raised 4.8 percent Because students who do not While tuition reflects the realities less of the family's income, Vest to $22,000, a $1,000 increase over Self-help level considered high qualify for need-based financial aid of the economy, by moderating its said. last year. "I'm rather disappointed that The Institute's "nominal self- [tuition] was raised as much as it help level" - the amount of pay- was, considering that the majority of ment students are expected to pro- peer institutions have a much lower Percentage Change in Tuition and Self-Help vide from work and loans before self-help level; generally about receiving scholarship assistance - $7,000," Undergraduate Association [J Tuition '96-'97 also increased $450, or 5.5 percent, President Carrie R. Moo '96 said.
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