<p>
</p>
<p>Many schools meet 100% of the expected family contribution, but frankly the EFC is much too high for most middle class families. I used that calculator a few months back and it estimated that we would have to pay around $50,000 per year (my family’s income is between $100,000 and $150,000).</p>
<p>Now I was not accepted to MIT, but unless it had pulled a Harvard and guaranteed that we would pay no more than 10% of family income, then I would not have been able to afford it. Or Stanford, Penn, Duke, etc., any of these other schools.</p>
<p>I would imagine many are in my shoes.</p>