This year (fall 2017) we didn’t get one but since one of my mom’s job changed, our family income will decrease. So I’m wondering for next year. This year our EFC was about 7000. If it goes to around 5000, then will I get a pell grant? Is a pell grant based just on parent income or how much parents have saved up/assets, etc that you fill in the FAFSA? .
The Pell Grant is based on your FAFSA EFC.
If your EFC is $5000, the most you would get in a Pell would be $900 or so.
The 2018-2019 fafsa will use 2016 tax return income information…which you should already have. Did your in one go down from 2015 to 2016?