"MIT’s endowment — made up of generous gifts made by individual alumni and friends — allows the Institute to provide this level of financial aid, both now and into the future."

This 'free education' is a great argument for MIT to persuade Wealthy Lefties to donate/leave them their inheritence. And do the senior people get any bonuses related to number of applicants/places?

But regardless, the increase to the current thresholds are great!