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 Pell Grant budget is subject to annual adjustment, and award amounts are directly affected by the amount of money available for student aid. For example, the maximum Pell award for both the 2010 - 2011 and 2011 - 2012 school years is $5,550, or $2,775 per semester. You should not expect your federal Pell Grant award amount to remain consistent from year to year.