March 17, 2006

MIT Plans to Match Federal Pell Grants

By SARA LIPKA

The Massachusetts Institute of Technology will match students' federal Pell Grants, up to their maximum amount of $4,050, beginning next fall, the university announced last week.

Approximately 15 percent of MIT's undergraduates receive Pell Grants, which are awarded by the U.S. Department of Education to the country's neediest students, typically those with annual family incomes below $40,000. The university now spends $60-million on need-based financial aid and estimates that its Pell

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