Financial aid

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For us, with EFC around 22K, Caltech was slightly better, maybe 1-2K per year. Caltech (and Rice) also offered Perkins loans instead of the need-based Stafford loans, which struck us as odd at our income level. But essentially Caltech, Rice, and Mudd, which all “meet need”, were the same within about 3K. They all gave mostly need-based grants, plus 3.5K Perkins/Stafford subsidized, plus 2K Stafford non-subsidized, plus work-study.</p>