College Is Still Worth It, Says MIT President

By Cristina Quinn & John Hockenberry

June 15, 2012

CAMBRIDGE, Mass. — MIT's president is addressing the high cost of a college education. On the WGBH coproduction The Takeaway, Susan Hockfield said that despite shaky employment figures, the chances of finding employment with a college degree are significantly greater than with only a high school diploma.

If cost is an issue, she said there were avenues students and families should consider.

"For a family that is deeply concerned about the cost of college education, I would offer two important directions to pursue. The first is that public universities in almost every state are outstanding and can offer an outstanding education. Education is largely the responsibility of the student, so a well-motivated student can get an education at any one of the public universities in America," she said.
Hockfield added that most people don’t know about the financial support private universities provide.
"Here at MIT, Harvard, at Yale, Stanford, Princeton, we admit students in a need-blind application process. We don’t consider a family’s ability to pay for an education when we review who comes to MIT," she said. "We decide on which students are prepared to make the best use of MIT’s resources. We make it financially possible for every one of those students to come to MIT. If you’re a family with an annual income of $75,000 a year, we cover all of your tuition costs, and in some cases, more."

> > EXTRA: John Hockenberry of The Takeaway reflects on the value of college in his family.

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