<p>Financial aid packages are built from the loans up. Meaning the first thing they put in a package are loans. Then federal aid if eligible: pell Grant, SEOG, work study, subsidized and unsubsidized loans. And then institutional grants and loans. </p>
<p>Schools that don’t meet full need gap any amount they wish. That is why the term admit/deny applies to schools that admit but are actually denying because the gap is so large it would be impossible to attend. And gaps can be large, really large. If the gap uses up most of the money one would get in a private loan there is no loan money left for the EFC or it is used up in the first part of the financial aid package in the “loan” portion.</p>
<p>Kat</p>