<p>Rice’s EFC, like EFC calculated by most colleges, tends to be higher than FAFSA’s EFC.
And no, I did not calculate everything beforehand nor did I expect Rice to match FAFSA’s EFC. </p>
<p>Financial aid gets really tricky when it comes to assets (savings, properties, stocks, etc.) Somebody please correct me if I’m wrong, but I think that FAFSA only expects parents to contribute around 5.6% of assets while Rice expects parents to contribute up to 30%. Therefore, even if you make very little, it’s possible that you’ll be expected to pay as much as people making $100,000+ because of assets. </p>
<p>Anyway, you shouldn’t really trust efc calculator on Rice’s website because it does not take assets into account. </p>
<p>Good luck</p>