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Tuition for M.I.T. students will be increased from $1900 to $2150 for the academic year beginning in the fall of 1968, President Howard W. Johnson announced yesterday.
The current room-and-board charge will not change. Scholarship, fellowship, and loan funds will be increased so that qualified students will not be excluded from M.I.T. for lack of financial means, Johnson said. He said the percentage of undergraduates receiving financial aid would rise next year.
"The increase in tuition has been made necessary by the relentless upward pressures on our educational costs. The dilemma posed by increased costs is one we share with all the major private universities of the country," Johnson said.
Johnson commented that tuition still pays less than half the costs of M.I.T.'s educational operating expenses and none of the capital costs for buildings and laboratories. "For this reason, every student, in a sense, has a scholarship," said Johnson.
M.I.T. is now seeking $2 million in additional funds for scholarships and loans as part of a long-term plan to augment substantially the $27 million available endowment.
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