In practice, your offer depends on the basic laws of supply and demand: If multiple buyers are competing for a home, sellers will likely get full-price offers and a house may go for over asking price. If demand in your area is weak, an offer below the asking price might be a savvy strategy.
Award Amounts. For full-time students, the maximum award amount is $5,550 and the minimum amount is $1,176. Part-time students receive reduced amounts depending on whether they enroll quarter-time, half-time or three-quarter-time. Half-time students are eligible to receive half of what full-time students receive: a maximum of $2,775.
The maximum EFC that can qualify for a Pell Grant in 2010 is $4,617, and that would include a full-time student at a school with an attendance cost above $4,860. The minimum award for a full-time student for 2010 is $1,176. The highest EFC for a three-quarter-time student is $4,500.