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.
Federal Pell Grant-provides the foundation in the undergraduate's financial aid package to which other financial aid may be added based upon the total amount a student is eligible to receive. For 2013-14, Federal Pell Grant awards for full-time students range from $650 to $5,645.