Colleges respond to economic crisis

Tuition increase, small price to pay

The Massachusetts Institute of Technology president Susan Hockfield announced Feb. 19 that MIT would increase tuition by 3.8 percent to $37,782 (the smallest increase in eight years), but also increase the undergraduate financial aid budget by more than 10 percent.

The university also announced senior administrators and faculty would forgo raises next year. At left, MIT's Sloan School of Management.

Tuition increase, small price to pay The Massachusetts Institute of Technology president Susan Hockfield announced Feb. 19 that MIT would increase tuition by 3.8 percent to $37,782 (the smallest increase in eight years), but also increase the undergraduate financial aid budget by more than 10 percent. The university also announced senior administrators and faculty would forgo raises next year. At left, MIT's Sloan School of Management.
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