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.
Although the amount of potential recipients has increased, some opponents of the act claim that it still does not cover enough people. Beginning July 1, 2010, there was an increase from $5,350 to $5,500 per semester of the maximum Pell Grant award that one might receive. Recently, that figure has jumped another $50 to a total of $5,550 per semester. This means that low-income students with high grades have a chance to receive up to $11,100 for the entire school year, though the average student will receive about $3,865.