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.
Student A. 1  Applies for the Pell Grant for her freshman year, and is eligible to receive $5,000 in funding. 2  She only attends school in the fall semester, though, so she only has to pay for half a year of school. 3  As a result, she only gets $2,500, or 50%, of the annual grant money that she was eligible for.Student A can apply for the Pell Grant the next year, and she still has 550% of her lifetime max (600%) available to her. Student B Wasn't eligible for the Pell Grant his freshman, sophomore, or junior year.s a result, she only gets $2,500, or 50%, of the annual grant money that she was eligible for. Student A can apply for the Pell Grant the next year, and she still has 550% of her lifetime max (600%) available to her.