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.
Read on for more information on Pell award amounts, and instructions on how to figure out what your grant will look like. I'll cut right to the chase: for the 2015-2016 academic year, the maximum Pell Grant amount is $5775, whereas the minimum is $600. The average award amount for 2013-2014 was $3541.