alt Hacker NewsWhen 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.
Replies
mmcwilliams • 11/20/2024
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.
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.