Can colleges reduce Pell Grant?

<p>Our experience at Reed was that they used the FAFSA EFC ( or what we were expected to pay, was the same amount as fafsa)but it was way too high to qualify for the Pell grant.
I am confused about qualifying for Pell but EFC being $25,000.</p>

<p>Does your family have a lot of assets like a 2nd or rental home?</p>