Comment by FuriouslyAdrift
19 hours ago
When I looked at MIT in 1990, tuition was fully covered but housing was BRUTAL.
More than twice my parents mortgage. I'm sure it's worse, now.
19 hours ago
When I looked at MIT in 1990, tuition was fully covered but housing was BRUTAL.
More than twice my parents mortgage. I'm sure it's worse, now.
From the page GP linked, the median scholarship for students with household income under $65k/yr also covered housing, and $65k-$100k covered most of the housing costs.
It definitely is and is made worse by institutions like MIT and Harvard that don't pay their full tax burden to the city due to the PILOT program. They're allowed to accrue more and more real estate while paying a fraction of the taxes that other property holders would and drive prices up dramatically.