The following Pics tell a story.
First MIT 1961, when I was a Freshman.
MIT in 1971 when I finished Grad School
MIT today (from Tech Review). We used to have black robes, doctoral stripes and the MIT hood. I gather some "fashion designer" decided to embrace some idea.
The above tells a powerful story. One that is most likely untellable in today's world. Also MIT is NO FIT!