Forbes Daily: A Growing Free Tuition Push At Elite Universities
A growing number of elite schools are using a powerful marketing tool to lure middle-class students: free tuition.
More than 20 private schools that rank in the top 50 on Forbes’ list of America’s Top Colleges now offer free tuition for families whose income falls below a certain amount—at MIT, for example, the threshold is $200,000, and for households earning under $100,000, the school covers the full cost of attendance. Even with such guarantees, the schools’ student bodies still skew wealthy.
But the point is to reduce the sticker shock that has discouraged promising students from applying, says Yvonne Romero, vice president for enrollment and dean of admissions and financial aid at Rice University.
This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here.
A day after Tesla launched a commercial ride service with its new self-driving Cybercab, federal safety regulators said they were investigating whether the company adequately ensured the safety of its new model.
The U.S. added the most jobs last month since March, a far better-than-expected 162,000 positions, making a Federal Reserve rate hike this month more likely.
An Amazon cargo plane that crashed at Miami International Airport over the weekend overran the runway upon landing and struck navigational equipment before colliding with a cleaning van and killing five people inside, the National Transportation Safety Board said Monday.
On the surface, August’s strong jobs report looks like the rebound that job seekers have been waiting for, but the hiring rate has remained relatively low and may not offer much relief, explains Laura Ullrich, director of economic research at Indeed. Job growth has also been uneven across different sectors. For job seekers, it could be worth considering whether your skills can transfer to the industries........
