MIT and similar caliber schools WILL give you financial aid packages that are tailored to your financial situation. I'm graduating from MIT this year, I only have about $3,000 in loans. Guess what I paid for tuition this year? Nothing.
Due to financial aid, MIT was actually cheaper than UC Berkeley for me, despite being an in-state California resident and a Regents scholarship recipient. The basic point is, the hard part is getting into the school--once you have that, the university will make it as easy as possible for you attend. Those massive endowments are thankfully occasionally used for something good. If you've got the brains, don't let money be an impediment to your education.
Check out a recent Tech article from MIT--if your parents make less than $75k/year, tuition is free:
http://www-tech.mit.edu/V128/N11/endowment.html
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MIT and similar caliber schools WILL give you financial aid packages that are tailored to your financial situation. I'm graduating from MIT this year, I only have about $3,000 in loans. Guess what I paid for tuition this year? Nothing. Due to financial aid, MIT was actually cheaper than UC Berkeley for me, despite being an in-state California resident and a Regents scholarship recipient. The basic point is, the hard part is getting into the school--once you have that, the university will make it as easy as possible for you attend. Those massive endowments are thankfully occasionally used for something good. If you've got the brains, don't let money be an impediment to your education. Check out a recent Tech article from MIT--if your parents make less than $75k/year, tuition is free: http://www-tech.mit.edu/V128/N11/endowment.html