If you were to log in, you'd be able to get more information on your fellow community member.
A free MIT. Very interesting. I'll bet if tuition were free the caliber of the student body would improve dramatically.
A replacement for the lost tuition income could come from a semester of the third undergraduate year devoted to inventing. The university would patent the inventions, license them to business and share the income with the student. I will also bet the patent income will over time exceed the lost tuition.