<p>Your EFC, on which Pell eligibility is based, is calculated using adjusted gross income, not taxable income.</p>
<p>If you will be the only child in the family enrolled in college, I would not expect you to be Pell eligible with a parent income of $70k. If you have a sibling in college, it is possible you will be Pell eligible.</p>
<p>But you should run some calculators to get a more definitive idea.</p>