| ^ Also (and once again, this is a middle class kid currently in discussion with MIT FinAid) keep in mind that MIT's endowment isn't as big as those other Ivies. Those places frankly have more money to spend, and more money that Congress may MAKE them spend.
In addition, I bet the cost of running MIT is pretty darned high compared to non tech-specific schools. All that equipment has, on average, GOT to be more expensive than the materials needed for English and Philosophy majors. (Not that those majors are easier, just perhaps cheaper for the college).
As the general statement, by the by, my dealings with MIT FinAid have been positive. Am I hearing the news I want? Well, to be honest, it really doesn't look good and I think I'm going to a much cheaper State University.
But MIT is still reviewing, they're kindly hearing me and my parents out on every issue we've brought up, and they've been extremely responsive to our questions, even if the answers aren't necessarily what we're hoping for. They're straightforward and honest, whereas other colleges I've dealt with sometimes dodge questions or are impossible to deal with when you mention the very thought of "appealing" financial aid. |