03/07/2006 - Reflecting broadening concern that high school students of modest means will be priced out of a college education, the Massachusetts Institute of Technology plans to provide matching money to students who have received federal Pell Grants, which are awarded based on financial need.
''We decided that it was very important to give students from these low-income families as much of a break as we could,'' Susan Hockfield, president of M.I.T., said yesterday. ''We're very concerned about access to higher education.''
In recent years, institutions like Harvard, Yale and the University of North Carolina have announced initiatives to make higher education more affordable to low- and moderate-income students and bring more economic diversity to campus.
Read the rest of the article on the New York Times site--M.I.T. to Match Grant Money for Lower-Income Students.
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