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.
According to the federal student aid handbook on how to calculate Pell grant funds, a full-time student is one who is taking at least 12 credit hours per semester, quarter or trimester, and as a full-time student is eligible for the full amount of the grant. As of the time of publication, a Pell grant for a full-time student is $5,500, providing the student plans to attend school for the entire year. Students enrolled in fewer credits or for a portion of the school year receive a lesser amount.