Can colleges reduce Pell Grant?

<p>So my situation is that my parents have four children (including me) and together make a little over $120,000 per year. They’re both pretty terrible with finances and have student loans and credit card debt that realistically they’re never going to pay that off. They have close to no savings and are probably not going to be able to retire until they’re physically forced to. Almost all of my father’s income from his first job goes toward either the house or the (expensive) office space he runs his second job (that he hopes someday becomes his only job) out of. The business that he has been hoping will get off the ground for the past 5-6 years loses over $50,000 a year and significantly reduces my families adjusted gross income. I guess one of the schools is considering the deductions and the other isn’t but that shouldn’t lower my Pell grant should it?</p>