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I can give you a definite maybe. That is, a lawyer can make a new bail application at any time. So it's possible that bail can eventually be reduced. Here's the thing, however, there must be a change in circumstances for the better with regard to the defendant's case before a judge will grant a reduction. Just asking to have bail lowered so that the family can afford to post it isn't a good enough reason under the law for a judge to grant it.
Some judges will anyway, but others won't. What you also need to understand is that every time the defense asks for a reduction in bail, the prosecution will ask for an increase. If there is no legal basis for a reduction, the judge may well raise the bail instead of lowering it.
Sooner or later, however, as the case goes on, there will inevitably be some good news for the defendant. And then the defense will be on solid ground when asking for a reduction.
So, your son needs to tell his lawyer what the family can afford to post for him and ask him to make a motion for bail reduction. The lawyer will know the best time to do that.
Just checking in to see if you need more help or any clarification of my answer. If so, please reply here on this question thread.