EFC for 2 kids in college w/ mid-year graduation

<p>I understand how EFC is affected by having 2 kids in college. My twist on this situation for 2010-11:
Kid 1 in college for the full year
Kid 2 graduates after the fall semester (we think)</p>

<p>Do FAFSA and Profile have a way to indicate this situation?
Would I need to notify both schools about this scenario?
What if Kid 2 doesn't graduate after the fall semester after all?</p>

<p>Thanks</p>