<p>I have a questions on MIT's need based financial aid. Is it based entirely on the Expected Family Contribution? I ask because my parents got an estimate of their EFC and said it was way too high because it didn't take into account the cost of houses, etc. Does MIT take such factors into account when determining financial aid?</p>
<p>How did they receive their estimate?</p>
<p>I think they used one of the online calculators that is based on FAFSA.</p>
<p>Well, if it wasn’t our calculator, it wouldn’t accurately quote them their MIT package. And since our calculator isn’t up right now - but should be up very soon! - they may be best served by waiting and trying that.</p>
<p>All right then. Thanks for your help.</p>