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.
For the 2016-17 school year, the maximum Pell grant amount is $5,815. This is comparable to previous years in the recent past in which the grant has hovered above the $5,000 range.