Spending & Earning
Colleges Expand Financial Aid Programs With Prices Near $100,000
Schools are taking steps to lower the cost of getting a degree as high costs face pushback.
Students at the Massachusetts Institute of Technology.
Photographer: Mel Musto/BloombergThis article is for subscribers only.
A handful of top US colleges are taking steps to boost financial aid for low and middle-income families as the soaring cost of attendance fuels backlash from financially stretched students.
The University of Pennsylvania recently announced it will stop including a family’s home equity when determining financial aid eligibility. At the Massachusetts Institute of Technology, undergraduates with families earning less than $100,000 can expect to get a full ride starting next fall. In the University of Texas system students from families at that income level will attend college tuition-free.