Why do private colleges and universities like MIT cost so much?
As costs in general rise, so do the costs of educating students at any university, public or private. This is particularly true at an institution like MIT, which focuses on science, engineering and technology. MIT is known for its pragmatic, hands-on approach to solving real-world problems — whether it’s the invention of radar during World War II or current cancer research. The best facilities and resources possible are essential to the job of educating new generations of leaders in science and technology. In fact, the true cost of educating undergraduates at any type of institution –public or private — is relatively the same, but general subsidies (such as state, federal and local appropriations, as well as private philanthropy) make it possible for institutions to charge less than the actual costs of instruction. Because private institutions such as MIT do not receive state subsidies, which historically have been significant, the costs private institutions charge families is ordin
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