The new Pell rules have a look-up table to quickly determine whether a student is Pell eligible. This is part of the effort to simplify financial aid for low income families. https://fsapartners.ed.gov/sites/default/files/2023-05/202425DRAFTSAIGuideSupplementEligibilityforMaxorMinPellGrantResource.pdf. If the parent AGI is at or under the amount listed for family size max Pell, OP will get a maximum Pell grant. If “around $40,000” ends up being higher than the amount listed for the family size, they will still qualify for Pell (just not the full amount).
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