<p>[Federal</a> Student Aid - IFAP: iLibrary - EFC Formula Guide](<a href=“http://ifap.ed.gov/ifap/byAwardYear.jsp?type=efcformulaguide]Federal”>http://ifap.ed.gov/ifap/byAwardYear.jsp?type=efcformulaguide)</p>
<p>this is the formula, you can plug in your numbers and see if you qualify for that Pell etc, I have known people in the $45k range that just barely qualified for a PEll (don’t recall how many in the family) but more than one kid in college.</p>