Massachusetts Institute of Technology expected to waive tuition for families that make under $200K

The Massachusetts Institute of Technology is going to waiver tuition for families that make under $200,000 a year. 

The university in recently making the announcement the free-tuition program will start in the fall 2025 semester.

"MIT's distinctive model of education – intense, demanding, and rooted in science and engineering – has profound practical value to our students and to society," university President Sally Kornbluth announced.

MIT's dean of admissions, Stu Schmill, said the tuition plan would allow students to get a good education no matter what income they have.

"We believe MIT should be the preeminent destination for the most talented students in the country interested in an education centered on science and technology, and accessible to the best students regardless of their financial circumstances," he said, according to ABC News.

MIT said that this decision was able to happen due to generous donors to the school.