<p>Artemis, when i ran the NPC for Rice using a 1040 line income of $100k paying $25K in federal taxes, I get a Rice Grant of $42K for someone with zero assets, and a Rice grant of $39K for someone with $100K in assets. That’s just $3K that Rice is expecting such a family to pay out of $100K in assets whic I think is very, very fair. </p>
<p>The numbers are rather suspect to me since the whole thing comes down to a very low cost that I find hard to believe especially since Perkins loans are involved here, and no DIrect Loans taken into account, but still the fact that income is hit far harder than assets seems to be the rule. I don’t think $100K in assets is an insignificant amount, and what is being asked here is not much at all, doing an apples to apples comparison to isolate the asset impact on the cost. That has been my experience with a number of such calculators.</p>