Volume 128, Number 12
The Weather MIT’s Today: Mostly cloudy, High 51°F (11°C) Tonight: Light rain, Low 37°F (3°C) Oldest and Largest Tomorrow: Light rain in the morning, Newspaper High 43°F (6°C) Details, Page 2 Volume 128, Number 12 Cambridge, Massachusetts 02139 Friday, March 14, 2008 Most Undergrads Pay Less Tuition Despite Increases, MIT Says By Elijah Jordan Turner ratory space. STAFF REPORTER According to the report, 90 per- What should you make of MIT’s cent of students received some form voluminous response to the Senate of financial aid, either from MIT Finance Committee, which asked it or from other sources, in 2006–7. to explain exorbitant tuition costs Barkowitz said that 42 percent of in light of a sixth-in-the-nation en- students did not receive grants from dowment? MIT last year. MIT’s response makes three The Institute’s endowment, things very clear: first, the endow- which totaled nearly $10 billion in ment has tripled in the past ten the past fiscal year, is ranked sixth years; second, tuition has increased in the country, behind Harvard, by nearly 50 percent; and finally, the Yale, Stanford, the University of average student pays less to attend Texas system, and Princeton. The SHREYES Seshasai—The TECH MIT than he did ten years ago. endowment’s value has nearly tri- Upperclassmen help freshmen explore their options at the Choice of Major Study Break in Next Over the past ten years, tuition pled in ten years; it was just under Dining on Thursday night. The event, organized by Next House RBA (Residence-Based Advising), has increased by an average of just $3.7 billion in 1998.
[Show full text]