We currently have 5 people about to go to college
FAFSA is just a form. It is the colleges themselves that decide how much money each is willing to give to you .
Five siblings?
And if your incime is $500,000 a year…no.
You’re a junior, right? Do you have siblings already in college? Parents and other relatives don’t count, but if you have siblings in college at the same time some colleges might take that into account.
You can do the FAFSA4caster to get an estimate of the federal aid you might get, but even if you qualify for a full Pell geant that’s only ~$5k/year. It won’t cover much.
The highest award this year is $5,815. FAFSA is never generous imo, however some colleges are.
Who are the 5 people? siblings? parents? who? And when will they be starting college?