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MIT Modifies Financial Aid Plan

Changes match those made by Harvard

According to the Chronicle, MIT said that the "average aid package to students would be about $24,600, including grants and loans."

Harvard's average financial aid package this year is approximately $23,000. As of next year, Harvard students will only have to contribute $3,150 of "self-help" money.

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The decrease in the "self-help" requirement is in effect an increase in the overall aid package given to students. Students usually meet self-help requirements through loans or jobs.

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