Earlier quoted context omitted.
I'm curious about the MIT thing. In the 70's, when I applied around, MIT and other top schools made it clear that if you were qualified to go there and accepted, they'd find a way to get the bill paid with some combination of scholarships, loans, and work.
Nearly all schools say that. The result is that, before you are old enough to vote or drink, you are encouraged to take on a debt larger than the total amount of money your parents have ever made in five years, a debt which is not subject to bankruptcy laws. If you make it out the other side of college with a bachelor's degree in a STEM field and an average job, it will still take you 21 years to pay it off. https://…
https://admission.princeton.edu/cost-aid/how-princetons-aid-...
MIT doesn't lay the income levels out so clearly but has a similar program:
http://sfs.mit.edu/undergraduate-financial-aid/types-of-aid/...
Public schools with huge endowments are getting in on the game:
https://record.umich.edu/articles/u-m-unveils-tuition-guaran...