Hi the only difference between this year and last year was my son earned $446 over Christmas break for the last 2 weeks of 2016. His Pell Grant estimate dropped $700 from what he received this year. Why would it have dropped so much?
It should not change with $400 of student income. As a dependent student he gets around $6,000 income protection amount.
Did he have scholarships and were some of them taxable? Did you compare all entries to last year?
I looked at my taxes and I made $333 more than previous year. He has scholarships, but not taxable one.