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.
If the number falls below 12 hours, the student will have to repay part of or even the entire Pell Grant. But this year, President Obama signed in a change. Students do not have to go to school for at least half-time to be eligible for Pell Grant. The student has an option to sign up for one or two classes but with lesser grant amount. Also, students can now take summer classes with the help of a Pell scholarship.