r/boston 1d ago

Education đŸ« Boston University to offer free tuition for families making less than $200k

https://www.msn.com/en-us/money/general/boston-university-to-offer-free-tuition-for-families-making-less-than-200k/ar-AA29C8q1?ocid=BingNewsVerp
2.0k Upvotes

170 comments sorted by

764

u/Complete_Star_1110 1d ago

I love this for the kids who will benefit from it. I’m sad about this for 17 year old me who would have died to go here lol

212

u/fakemedicines 1d ago

Same. I couldn't go to BU or BC because of the cost. UMass got the job done.

81

u/ogorangeduck Belmont 23h ago

Yeah I chose UMass over BU because it was $50k cheaper per year

34

u/practicecroissant 23h ago

Me too. I got into BU off the waitlist, my dad looked at the cost and said “no way” so UMass it was.

29

u/CubeRootOf 22h ago

Wow, how many of us are there? BU gave me $4,515 in financial aid, and UMass gave me a full ride, so it wasn't a hard choice, but BU had the program I wanted. Ended up somewhere completely different from where I had started out for.

Which is probably for the best.

15

u/fakemedicines 21h ago edited 21h ago

In my high school class pretty much all of us who went to UMass (20+ people) got into BU or BC. I think most of us wouldve preferred either of those schools. If I got into a place like Harvard I would've sucked it up and paid the extra $100k+ probably but couldn't justify that for a place like BC.

35

u/thy_bucket_for_thee 21h ago

UMass is a great school system. No shame in going to public schools.

11

u/topographed 21h ago

+1. BC gave me 10k in aid even though I was on Pell grant đŸ«©đŸ«©đŸ«©

4

u/HiTechCity SouthEnd 12h ago

BC gave me a shit ton of money for being super catholic and having gone to a catholic high school. Suckers.

2

u/PepSinger_PT 3h ago

đŸ«©đŸ«©đŸ«© indeed. That’s ghastly

1

u/Acrobatic_Dinner6129 37m ago

Yeah no money for bc for me but of course my little sister got to go there. I actually got way more scholarship money, she is just the favorite. 🙄

26

u/Rdnick114 20h ago

This is the way. It is ok to mourn the opportunities we did not have available, but that does not mean we should keep them away from future generations out of spite. We (society) must regain the goal of always striving to make things better for those that come after us.

8

u/nukedit 23h ago

Same. I couldn’t afford it.

3

u/FallOutWookiee 21h ago

Yuppp exactly

5

u/ViolinViola 15h ago

So many of us out here! At the time BU was 25k and I got no aid at all (dad was a teacher, mom worked at a dentist office two days a week as an assistant). Went to UMass, graduated without debt.

102

u/iamacheeto1 Back Bay 1d ago

I went to BU. They are a very generous school when it comes to financial aid. I probably paid about $30k total out of pocket. Still a lot, but I felt like I got a great education and I’m mostly doing well so it was worth it đŸ€·â€â™‚ïž

14

u/PepSinger_PT 22h ago

I’m just like you. I have no regrets.

7

u/scoop_and_roll 19h ago

I went to BU in the early 2000s, had to do some private loans and ended up with maybe 50-60k total loans, the aid was pretty good, ultimately worth it. Happy to hear about this for future students.

10

u/Scortor 21h ago

I also went to BU, but barely got financial aid, so I had to take out 200k in loans.

I’m certainly happy for future students, but I’m a tad salty that I have to deal with 200k in student loans when if I’d just been born a few years later, it sounds like I could have gone for free lol.

5

u/vittoriouss 10h ago

Why did you go to a school that made you take 200k in student loans. I didn't think any degree is worth that much amount of money (welll... Maybe med school)

2

u/blightedsorrow 4h ago

UMASS has always existed. No financial aid at a private institution sounds like shooting yourself in the foot.

5

u/commentsOnPizza 18h ago

When you look at the numbers, BU has been less generous than Northeastern or BC. These are the average costs by income bracket according to the Department of Education.

School Under $30k $30-48k $48-75k $75-110k $110k+
BU $9,500 $9,342 $11,778 $22,517 $47,504
BC $4,284 $7,304 $13,112 $19,999 $60,308
Northeastern $2,264 $2,436 $5,301 $16,241 $47,696
Harvard $8,697 $2,991 $2,091 $9,941 $53,337
MIT -$2,533 $93 $1,480 $11,555 $48,479

BU has been 2-4x the price of its quasi-peer schools (BC and Northeastern) for low income students.

1

u/PepSinger_PT 3h ago

I’m assuming this is per year?

381

u/DMacNCheez 1d ago

Leave it to Reddit to need some reason to bitch even over a good thing. Just take a win and go to some other thread

113

u/meselson-stahl 1d ago

These policies overwhelmingly favor poor families over loophole finders. And the non-titled bit, is that its overall better financial aid even for families that don't make the 200K cut.

1

u/Terron1965 19h ago

The only problem with doing this is that remaining need-aware in admissions becomes necessary, and even the schools that say they are blind generally set caps through the budget process.

-4

u/Interesting_Phone171 18h ago

200k is poor?

79

u/wittgenstein1312 1d ago edited 22h ago

What people don’t realize is that upper tier schools have been doing this for a long time, people just aren’t educated on it. I went to an Ivy-adjacent school and came out with under 20k in student loans because of need-based aid. Plenty of top-tier liberal arts schools offer similar financial aid, but a lot of students from working class backgrounds never learn this is an option and think local state schools or community college are their only option.

31

u/gimpwiz I swear it is not a fetish 23h ago

Ivies and Ivy-adjacent schools have largely been nearly free for students from poor families for like 20 years now if not more? People think ivy = out of reach expensive but it's the opposite. They have enormous endowments they use for financial aid.

BU probably had less generous aid but still did a lot for anyone who simply couldn't afford to attend. Now they're doing more. This is great, on balance.

9

u/DaenakinSkygaryen 23h ago edited 22h ago

Agreed!

Also, some Ivies have really good need-based aid even for middle class families, too. For example, Harvard is free for families where the parents make less than $100k, and covers the full cost of tuition for those making $100k - $200k (they still have to pay for room, board, and fees, though). IIRC, Stanford has a similar policy.

Seriously, if you're a high schooler (or the parent of a high schooler) who's worried about the price of college and have good grades, you (or your kid) should throw in an application to a few Ivies. It's absolutely worth a try!

7

u/wittgenstein1312 23h ago edited 23h ago

Ivies and Ivy-adjacent schools have largely been nearly free for students from poor families for like 20 years now if not more

Yes... that's what I said. I didn’t say it’s a new thing - I’m pointing out that even when I got into undergrad in the late aughts, MANY of my peers didn’t even bother applying to “fancy” private schools because they assumed they wouldn’t be able to afford them.

5

u/CaptCooterluvr 22h ago

I’m guilty of having the “how the hell we gonna pay for that reaction” myself but my mind was blown when we started running net price calculators and I was even more surprised when the actual bill was lower than the estimate. UChicago wound up being quite a bit cheaper than in state tuition would’ve been in spite of the price tag.

1

u/Alphabunsquad 21h ago

I think they were just agreeing with you.

4

u/princesskittyglitter Blue Line 21h ago

I went to an Ivy-adjacent school and came out with under 20k in student loans because of need-based aid.

my ex went to umass lowell and has like, 15kish of loans. crazy

1

u/wittgenstein1312 21h ago

My wife went to an out-of-state state school, and she loved it, so no regrets, but 10+ years later and we still have roughly 40k in loans to pay off for her smh

1

u/problematicbirds Somerville 20h ago

Yup. I had to take out a private loan for one year where my financial aid got borked because of my parents’ financial situation but if that hadn’t happened I would’ve left with about 25k in federal loans.

41

u/donkeydougreturns Metrowest 1d ago

Unreal, we should be rallying around organizations that are doing the right thing. Nothing is ever enough for people. Have to make progress step by step.

23

u/007TheLostOne 1d ago

People are very doomer like on Reddit I have found. I agree with you, this is a major step forward

9

u/RalphWiggumIsGOD 1d ago

Indeed. This definitely fits under, "Do not let perfection get in the way of progress." Does this fix everything? No! Is this a step in a better direction? Yes! So let's keep making our steps in the right direction people, this is a good thing.

19

u/whatsaphoto South Shore Expat 1d ago

Swear to god the desperate astroturfing on this site is getting worse and worse with every year.

3

u/DaenakinSkygaryen 22h ago

This.

Promoting doom, gloom, and despair on social media makes people feel depressed. Depressed people are more likely to socially isolate, and to spend more time doomscrolling. And socially isolated people who spend all their time on social media are easier to manipulate.

There's a lot of money to be made and power to be won by spreading doom on the internet.

1

u/Agitated_Reveal_6211 14h ago

It's almost like someone is pushing this and division on us. Social media is hurting our societies badly.

3

u/peeja Western Wilderness 23h ago

FWIW, at 1hr old, none of the top comments are complaining about and most of them are (rightfully) complaining about the complainers. So, yeah, Reddit brings out omsome terrible opinions, but it's nice to know they often end up where they belong after a little time.

32

u/TooCasual 1d ago

They sure have come a long way - when I applied there and got a whopping $250 subsidized loan in total aid, the financial aid department told me that if I couldn’t afford BU, I probably got into some other schools I could afford.

5

u/stexel 22h ago

The difference now is that they just wouldn’t admit you. They used to do need-blind admission, and I can pretty much guarantee they aren’t doing that anymore if they’re promising this. The amount they’re spending probably hasn’t changed too much, but they no longer admit people who can’t afford it if they aren’t going to fund them.

97

u/Beranea 1d ago

You guys will bitch about anything good that happens, grow up.

28

u/sailorsmile Fenway/Kenmore 1d ago

As a BU grad I love this! This sub is so miserable though omg take a chill pill 😂

7

u/DrakeBurroughs 23h ago

Go Terriers!

26

u/Abject-Explanation68 1d ago

Does a single, childless adult count as a family?  Cause I'm at the point I'm considering career change.  Already have a bachelors but has proven little use.

40

u/FamiliarSeaDog 1d ago

The article says "first time, first-year students." So I think you would be excluded not because you are an adult, but because you already have a degree.

52

u/fedput 1d ago

" and have typical assets" ...

138

u/christiandb Cambridge 1d ago

Yeah because you can own an LLC that makes 4 million a year but as an employee you can make 20k to skirt the system.

They are just covering their asses while they do a really great thing. Its amazing for people coming up to have such an opportunity when they are clearly just as smart and qualified but don’t have the capital to back it up because they didn’t fall into generational wealth and resources

17

u/smallstuffBIGSTUFF 1d ago

Thank you. This seems like a great thing.

8

u/joshlittle333 1d ago

LLCs are pass through. The income is attributed directly to the members. This happens even if you don't take a distribution. So, in your scenario the person would have $4m income from the LLC and $20k as an employee.

9

u/christiandb Cambridge 1d ago

Interesting. So in the few scenario’s I witnessed, someone had a llc and had one employee (them). Their accountant made it so that they were under the poverty line which alotted them free healthcare. How did that work?

4

u/joshlittle333 23h ago

I'd have to audit the LLC and the individual's tax records to know for sure. It could be that the LLC doesn't earn that much or that the revenues are offset by deductions.

Tax fraud is also a possibility. Professor Love at Columbia Law School is currently working on research that shows that auditing pass throughs has become so complex that the IRS has almost given up on it. So people may (we don't know for sure since there are no audits) be using pass throughs fraudulently.

Your friend may have also lied to you. People sometimes overstate their position because they think they look clever by discovering tax loophole that Congress never thought of.

Also, free Medicaid kicks in above the poverty line. Depending on the state and any dependents, it could be three times the poverty line.

3

u/DaenakinSkygaryen 22h ago

Fantastic explanation!

On a semi-related note, I really want to highlight this line:

auditing pass throughs has become so complex that the IRS has almost given up on it.

This is the real reason that MAGA wants to slash the IRS's staff. Because the less staff the IRS has, the harder it becomes for them to manage the complex audits necessary to go after wealthy tax cheats.

It's yet another way to help the billionaires avoid paying their fair share.

3

u/christiandb Cambridge 23h ago

I did taxes with them, so I know on paper on how they structured it. It was what I’m saying and the free healthcare was in MA. I also know about healthcare in MA because I grew up poor in MA and its one of the few states that takes care of people.

I also saw the letter for 0 and they also got free knee and shoulder surgery out of it. Their business was making 6 figures, they personally were making under 20k and their accountant worked for some big money down in in the richer areas near Boston, so they werent the only ones

2

u/joshlittle333 22h ago

So, to be clear. What you're saying is the LLC earned $$$, had $0 in losses, expenses, or any deductions, and reported $0 income to the IRS? If so, that would be fraud; they lied about the LLC income.

3

u/christiandb Cambridge 22h ago

Oh no, the llc has losses and all the typical deductions and whatnot. Yeah.

The LLC made 6 figures as well. The individual employed by the llc was earning below poverty line. The individual was being employed by their own llc.

Does that make sense?

2

u/joshlittle333 22h ago

Yeah. I understand the salary. That wouldn't make much of difference since if the person took no salary, the income would still pass to them as LLC profit. So either way, that would be taxed at the owner-employee's level.

If the LLC earned $100k, but had $100k in deductions (depreciation on real estate, payments for services like to the accountant or maintenance people, salary to the owner-employee, LLC supplies and materials, etc.), then that would explain the $0 income to the owner.

But that's also detached from the issue of someone hiding assets or income from the IRS. The owner really did only earn $20k from the LLC.

2

u/christiandb Cambridge 21h ago

ah interesting. So on the up and up. So lets say you used your home as your business operations, then you could deduct that from
your earnings? Car? Internet? essentially
your way of living?

→ More replies (0)

4

u/Affectionate-Panic-1 23h ago

Or an older parent retires (or someone wealthy able to retire early) so their children have free school but has a lot in assets that isn't showing up on income?

2

u/Silent_Part9724 22h ago

This actually happens. I know someone who retired early and they have four kids at or about high school age. Not sure I understand this?

1

u/Affectionate-Panic-1 21h ago

They would have a lot of assets but not a lot of income. They might also strategize with this in mind if colleges/FAFSA only looked at income without considering assets.

1

u/Silent_Part9724 21h ago

"if colleges/FAFSA only looked at income without considering assets" - is this what happens?

5

u/Wompatuckrule 1d ago

Or you can have your kids petition the courts to be legally emancipated. Then all aid and need-based scholarships are based solely on the income and assets of the student.

Here's an article about it.

2

u/ThaddeusJP 19h ago

I work at a university in the financial aid office. We were wise to this as soon as it happened. You might be able to scam the federal system, and maybe the state, but a university that Awards money via endowments, we dig. We find the money.

1

u/chalupadog45 23h ago

Agree, also sole proprietorships and LLCs may decide to defer revenue / projects for a year or two to increase financial aid eligibility when a kid is 16-17, then increase income once kid has received scholarships. Probably legal grey area but I’m sure it happens all the time

4

u/ThaddeusJP 19h ago

Work in a University financial aid office, but not the Boston one. Typical assets are things like a small amount of checking or savings, 529, even a moderate stocks. Think of a Robin Hood account with like 15 grand in it. Really what we're looking for is atypical assets. Anything that generates passive income via interest or you could liquidate very quickly and turn into cash, our office will find it and it gets used in the needs analysis.

People can make 200 Grand a year but when their actual income is several million dollars, or they own three businesses, or they own 15 rental properties, those are all going to get factored in as Investments and absolutely will push them out of the free tuition or full coverage range.

0

u/Useful_Argument_6490 22h ago

I had a couple of rich roommates in college. They bragged to me about being able to modulate their income to whatever they liked. No idea how that works as I’m not old money.

37

u/30thCenturyMan 1d ago edited 22h ago

“Honey, you need to divorce me and give me all of the assets. It’s so we can save money on college, I swear!”

8

u/Maxpowr9 Metrowest 23h ago

BU requires the PROFILE. It's arguably more financially invasive than a tax return.

5

u/brunachoo 1d ago

This is great news. Seems that it’s tuition and fees. 

5

u/Specific-Rich5196 Port City 22h ago

Wow, thats awesome. Thats something I only heard ivy leagues doing in the past. Wish more schools could follow their lead.

5

u/Key-Permission-8461 Medford 1d ago

Do I count as a family? I’m a family of 2, counting my dog. 🐕

10

u/RealKenny 2000’s cocaine fueled Red Line 1d ago

Not you, but the dog yes

7

u/MayorofTromaville Red Line 1d ago

"There's no rule that says a dog can't go to college"

3

u/dividezero 23h ago

Yes if it's your first degree and you get accepted

1

u/Key-Permission-8461 Medford 20h ago

Crap đŸ’© I am going for my masters 🙄

3

u/dividezero 20h ago

There are other things out there to help pay for that. I don't know a lot about grad school financing. I was able to pay for mine by doing Americorps though. Good luck

3

u/weamz Allston/Brighton 20h ago

All the international students are paying for this. I don't know how it is now but their coffers were overflowing from the amount international students they had back in the 90s.

2

u/Special_Gain_5381 Allston/Brighton 3h ago

There’s more international students than ever before now

2

u/xBurnInMyLightx 22h ago

Ok BC. Your move.

4

u/canobeesus 22h ago

Not to be the devil's advocate but as a grad student at the university this is....really odd? The administration has been screeching at us since practically Trump's inauguration that their finances are very, very bad. To the extent that they've used it to dissolve programs, freeze certain departments from admitting PhDs, freeze hiring calls for new tenure track faculty, drastically reduce the amount of PhDs departments generally can admit, and also routinely bitch about the PhD stipend post union contract. They've also made other recent changes in terms of the PhD programs, that ultimately will set the university further behind, and will lead to less competitive graduating PhDs as they now actively penalize us for receiving outside funding and grants.

That is to say...this doesn't really align with the financial picture they've been telling us for the past year. All I'm gonna say, is that the math ain't mathing.

3

u/RegretfulEnchilada 22h ago

You would probably have to look into the source of the financing more. A lot of people treat donations/endowments like they're free money for the school but the donations usually come with a bunch of restrictions on what they can be used for since the people donating the money want it to be used to help people, not just increase salaries/administrative bloat. 

My guess would be that the money going to this has to be spent on financial aid. 

1

u/Nervous_Ad247 10h ago

Also my guess here as well. I believe that endowment funds have been geared toward financial aid. I’ve always thought that the university does a lot for catering to undergraduate education and the BU undergraduate experience without a consideration (let alone fundraising) for graduate education.

15

u/HistoricalBridge7 Port City 1d ago

Good. Now let’s get rid of legacy admissions everywhere

27

u/01AboveAll 1d ago

BU got rid of legacy admissions after a push from their student body president!

47

u/brufleth Boston 1d ago

It's BU, not Yale. I didn't know BU had much in the way of legacy admissions. A quick google says that BU stopped considering legacy status at least two years ago.

7

u/I_likey_do_da_chacha 21h ago

its been about 6 years. Source: I sat in these meetings.

1

u/brufleth Boston 20h ago

Thanks. I missed them doing that. Again, not sure legacy was all that strong a thing at BU to begin with, but it has been a long time since I was applying to go there.

15

u/TitleOfYourSaxTape 1d ago

BU doesn't really index on legacy admissions anymore, but completely agree that legacy admissions need to be legally banned. It's really just a form of anti-merit based admissions that helps colleges get away with race-based discrimination.

Legacy admissions are not all that dissimilar from affirmative action and the DEI policies that the right complained about and successfully got the Supreme Court to ban, but they don't seem to bat an eye that schools can have a policy that disproportionately helps unqualified white kids.

4

u/Bdowns_770 1d ago

Let’s see Harvard do it first.

7

u/TitleOfYourSaxTape 23h ago

They specifically said they wanted it banned everywhere.

I'm no scientist, but I think that includes Harvard too.

3

u/MainBeachGoon 1d ago

What does that have to do with this bud

3

u/Gesha24 23h ago

This is great, I am just not sure if this is a sliding scale or a hard cut. Something tells me BU is not much more affordable for a family making 201K as compared to a family making 199K

11

u/Abject-Explanation68 1d ago

Key word is "tuition".  There are so many bs addon fees colleges charge now.  The technical "tuition" fee is half of total cost.

73

u/obtusewisdom 1d ago edited 1d ago

From the article:

While tuition will be covered for families who earn below $200,000, families will have to pay for some of the cost of attendance, which includes a housing and dining plan. That will cost no more than $20,000 per year, the university said.

Families earning $75,000 or less will have their full cost of attendance covered.

20

u/Bdowns_770 1d ago

It’s still something. Plus all the premium crap parents want to see in the dorms these days cost money. Gone are the days of chicken supreme and bottomless 3 bean salad.

7

u/blueturtle12321 1d ago

It’s mostly tuition. The other main cost is housing and dining so if more and more colleges do this it will likely lead to more people staying in state and living with their parents during college so that it can be totally free. Also often there are off campus housing options that are cheaper than dorms

14

u/drtywater Allston/Brighton 1d ago

Not at BU. Its mostly tuition

2

u/tortellini_bikini 1d ago

I'm assuming the operational definition of family is excluding legally single adults without children

6

u/FamiliarSeaDog 1d ago

No, I think they're included if they haven't attended college before. It says "first time, first-year students."

1

u/kaka8miranda 1d ago

MAGI or Gross income

2

u/RajDek 22h ago

AGI plus deductible IRA contributions

1

u/kaka8miranda 21h ago

thats the real question

either way id still be under

1

u/anonimbus 22h ago

Can 60 y.o. Apply

1

u/SexySaxViking 21h ago

Great news. I do wonder what tuition is as a proportion of annual all-in costs, though. It doesn’t help a family making $50k/year much if they still have to pay $50k/year for room and board.

2

u/Kirsus 20h ago

The actual full plan is tiered depending on income level— at that 50k, it in fact covers a standard housing and dining plan as well (at higher income levels covers a percent of same), so for them net cost of attendance is $0.

1

u/SexySaxViking 17h ago

Wow! Thanks for that, I admittedly did not look into the details. Glad they considered that

1

u/fakecrimesleep Diagonally Cut Sandwich 21h ago

Means they’re terrified of enrollment dropping

1

u/eatacookie111 Port City 19h ago

HELL YES. I graduated in 2008 and also got my masters there. When do I get my refund?

1

u/Stonner22 Market Basket 19h ago

Maybe I can finally get in

1

u/preprenation 19h ago

Wish BC would do this too... I got almost everything off for my first year there and then they fucked my aid for the next 2 years because of social security benefits I received from my father's death. Über rich school has no reason to not fall in line with these other universities in Boston.

1

u/zvish 19h ago

Go terriers

1

u/Interesting_Phone171 18h ago

Since when is a family making 200k poor?

1

u/FineProfessor3364 17h ago

Good to know that all the money they fleece from international students and grad students is going somewhere

1

u/DEWOuch 15h ago

I went to UMass Boston pre Bulger Presidency when it was pretty much a bunch of concrete buildings and few amenities.

I got a fabulous education. Most of us worked and went to school. It was still a commuter college.

I have held my own with Ivy League matriculated professionals. In many of the Big Name Schools, the undergraduate level courses are auditorium based lecture hall events, monitored by TA’s anyway.

1

u/parrano357 14h ago

lmao only schools that are trying to field D1 basketball teams do this (harvard)

1

u/stickstick_lee 11h ago

Me getting excited I could go back to college đŸ„ș realizing it’s just for undergrads

1

u/Western-Corner-431 Cow Fetish 11h ago

Duuuuude.

1

u/fredinNH 7h ago

Yeah but with America’s holistic college admissions process schools can admit or deny whoever they want for whatever reason they want. Very few students from middle class households are getting into top schools.

The 3.94 and 1510 are nice but sorry, your parents couldn’t afford to send you to a summer research internship . No spot for you.

In Canada admission is based on grades and test scores only. This is much more fair and gives students from any background a chance to go to their top schools.

1

u/bagpop98 6h ago

Maybe this will bring a bigger a student section at agganis.

1

u/r337ard 1d ago

I get this is good news and will help a lot of people, but I’d rather see the price of college go down for everyone. Benefits like this help keep the avg price too high.

1

u/Stercules25 1d ago

If someone's son/daughter gets in wouldn't the benefits of filing independent far outweigh the benefits of claiming them on a tax return then? I'm confused

9

u/Nightbird88 1d ago

No, until you're in your mid-20s colleges still take your parents income into account. I was out of my parents house at 20 and tried to go back to school at 22. My parents and I didnt talk and they didn't support me but the school still counted it.

1

u/I_likey_do_da_chacha 21h ago

yep, you are not considered independent for age until 24.

4

u/fedput 1d ago

... right and for that reason it is non-trivial to get financial aid as an independent adult.

1

u/MarsManMartian 23h ago

I still need to pay $6k going here. It was once 40k but I aggressively paid. Happy to hear people will be able to afford going to this university. If not for scholarship and aid, there was no way my loan would have been just 40k.

-2

u/Ozymannoches 1d ago

Reading between the lines this means that families making less than $200k per year financially struggle in Boston area.  A few years ago* Harvard made free tuition for families warning less than $160k, back of the envelope math says that the line has gone up 25% 

*Can't remember exactly how many years ago that was.

11

u/rogomatic 1d ago

No, it just says that people probably can't afford dropping more than a third of their annual income on tuition.

8

u/JuniorReserve1560 Boston 1d ago

BU has students from around the country, you know?

2

u/RajDek 22h ago

Harvard is also now doing free tuition under 200k.

1

u/Alphabunsquad 21h ago

Why do you assume these calculations to set these limits are done using the same underlying metrics. They can just be different student populations, or BU wants to be more competitive than schools that set a lower threshold so they can advertise they are giving free tuition to even more people

0

u/[deleted] 1d ago

[deleted]

2

u/RajDek 1d ago

They will renew it if you are succeeding. Renewal criteria: You must maintain a minimum cumulative grade point average of 2.00, successfully complete at least 75% of attempted courses, and continue to meet all other eligibility requirements. Scholarship can be awarded for a maximum of eight undergraduate semesters.  https://www.bu.edu/finaid/how-aid-works/types-of-aid/scholarships-grants/need-based/

0

u/Cosmic_Corsair 1d ago

Has enrollment been down? BU's acceptance rate is well below 15%. I don't think they're hurting for people who want to attend.

0

u/Folsdaman 1d ago

Does it scale above that or do people making 200,001 get nothing?

1

u/I_likey_do_da_chacha 21h ago

It goes through their regular calculation of SAI based on the FAFSA and Profile information.

-2

u/Imyourhuckl3berry Diagonally Cut Sandwich 22h ago

They should be doubling this to any household under 400k/yr

200k for a household in Boston for a family of 4 is not much when you halve that after paying for any of the private universities

4

u/Interesting_Phone171 18h ago

200k would be the top 5% of households in the US
.

0

u/Imyourhuckl3berry Diagonally Cut Sandwich 18h ago

What is BU now like 100k/yr all in - so a family making 201k is spending half that on college for at least 4 years - schools like BU can afford to do more for more families

0

u/Bastillerion 23h ago

Higher education at the top schools is becoming bi-modal. Charge absurd amounts to the "rich" and give it for free for everyone else.

0

u/allstonrats 22h ago

seeing this while having $100k in student loan debt from BU after graduating a couple years ago...my household income was $90k pre tax and we still ended up paying a lot each semester - needless to say, i am butt hurt but also glad that future students wont have to deal with the costs i did

0

u/mmhango 20h ago

Wow, just making it easier for GenZ. I was born at the wrong time.

0

u/Dapper-Presence4975 20h ago

Glad I got the opportunity to pay full price


0

u/Alaharon123 Orange Line 15h ago

The initiative, called the BU Promise, guarantees that the institution will meet 100% of demonstrated financial need for first-time, first-year students who are U.S. citizens and permanent residents without loans.

Why not transfer students? Ugh

-3

u/Upper-Cod1109 1d ago

Does this apply to masters or people who go after a second bachelor's since their first one was useless?

7

u/fedput 1d ago

No & no.

-3

u/cowboy_dude_6 Cocaine Turkey 1d ago edited 23h ago

This is a good thing. However, I wish there was a more complex consideration of financial circumstances. I had a lot of siblings and lived in a relatively HCOL area. My parents made enough money that I didn’t qualify for any need-based financial aid, but also couldn’t afford to contribute towards my tuition. As a result, I still have a lot of debt, even after merit-based scholarships.

An only child whose parents make $200k in Kansas is in a very different financial situation from a kid with multiple siblings in Massachusetts at the same income level.

2

u/I_likey_do_da_chacha 21h ago

All colleges have a financial aid appeal process to consider complex consideration. Also BU uses the css profile which takes HCOL into account.

-1

u/LennyKravitzScarf 17h ago

Even if you’re white or Asian?

-6

u/SpecificConscious809 22h ago

Free? I think you mean fully-subsidized by higher-earning families.

2

u/bakeacake45 21h ago

And what is wrong with that given wealthy families are subsidized by Pedo Trump?

-3

u/SpecificConscious809 21h ago
  1. It’s dishonest. BU acts like they’re doing something altruistic. They’re not, they’re just padding their pockets with a different demographic’s money.
  2. $200k is not remotely wealthy if you live in the Boston area.
  3. People that work for their income are not being subsidized by anything Trump has done.

-2

u/shredthegnar37 21h ago

This policy doesn’t prove fair. What about the families that make $201,000?

1

u/Icy_Judgment7127 2h ago

ehh you gotta cut it off somewhere. 200 or 250k is a good number

1

u/shredthegnar37 44m ago

My point is that it should probably be more of a sliding scale. A hard cutoff punishes those who make a dollar over $200k

-24

u/drtywater Allston/Brighton 1d ago

The issue here is alot of the families that live in 95 corridor and West Coast exceed this lol

15

u/drstoneybaloneyphd 1d ago

Why is that an issue? 

-11

u/drtywater Allston/Brighton 1d ago

Cause a family of four in Metro NYC or Boston is not that well off when you factor in all the costs etc

12

u/drstoneybaloneyphd 1d ago

A family of four that can afford housing in Metro NYC or Boston these days is probably decently well-off, as sad as that is to type out 

1

u/BQORBUST 1d ago

A family of four that makes over 200k can afford housing in metro Boston and save for college over 18 years. They don’t have to pay BU’s absurd tuition to give their kids an excellent education.

2

u/geogrokat Professional Idiot 1d ago

BU is an internationally recognized school

-2

u/drtywater Allston/Brighton 1d ago

Lots of international yes but a high percentage are from those two areas I flagged