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<p>Absolutely right, and nobody ever said otherwise.</p>
<p>When applying to Private colleges that use the Profile, you don’t have a single EFC, your EFC is whatever each college determines it to be based on their FA policies and calculations. </p>
<p>You may be talking about your EFC as determined by FAFSA, but that only applies to Federal funds. Institutional funds are given using data from the Profile and each school can use your FA information differently, for instance, some cap home equity while others don’t.</p>
<p>As far as meeting 100% of need, they can do so with any combination of grants, WS and loans (although some schools don’t use loans as part of their FA package for some or all students).</p>