Everyone would like a solution to the problem of rising college costs.
While students worry that they cannot afford a college education, U.S.
colleges and universities know they cannot really afford to educate them
either. At a technology-intensive research university like the
Massachusetts Institute of Technology, it now costs three times as much
to educate an undergraduate as we receive in net tuition—that is, the
tuition MIT receives after providing for financial aid. To push the
research frontier and educate innovators in science and engineering
demands costly instrumentation and unique facilities. Even for
institutions with substantial endowments, subsidizing a deficit driven
by these and other costs is, in the long run, unsustainable.
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