Comment by brewdad
16 hours ago
Note that aid includes federal student loans though. They may have needed to come up with $22,000 out of pocket but also have taken on thousands more in loans that will need to be paid back. If they don't have the $22,000, then private student loans at much worse terms are likely required.
The article actually goes into more detail:
> Last year, the median annual cost paid by an MIT undergraduate receiving financial aid was $12,938 , allowing 87 percent of students in the Class of 2024 to graduate debt-free. Those who did borrow graduated with median debt of $14,844.