Lunar Calendars, including Islamic and Jewish calendars, measure the time it takes for the Moon to orbit the Earth 12 times, 354.3667 days. The lunar calendar falls short of the solar calendar by 11 days a year. This deficiency can be made up by occasionally inserting a 13 th month, in a method called âintercalationâ.
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.
Pell Grant Award Limits. The maximum Pell grant award can change annually based on the amount of federal funds made available for the program. The percentage of the maximum amount that a student receives is directly affected by the studentâs EFC, cost of attendance (COA) and status (full-time, half-time, etc.). 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. Unlike many of the federal loan programs that have lifetime caps on borrowing, the Pell grant does not currently have a lifetime maximum on awards.