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.
For the current academic yearâJuly 1, 2014 to June 30, 2015âthe maximum reward is $5,730; for 2015-2016, the maximum will be $5,840. You can receive the Pell Grant for no more than 12 semesters, or what would roughly be six years of full-time study. This is where the Pell Grant maximum and the âsix yearâ marker can be misleading. The award you receive represents 100% of your Pell Grant eligibility for that award year, regardless of the actual dollar amount you are granted. In other words, the lifetime maximum is based on the years enrolled and not in dollars. In total, each year is worth 100%, with a total of 600% lifetime maximum for each student. âIt doesnât go by total dollars, so if you get a maximum award of $5,730 this year, then you used 100%. If you had a grant last year, which was $5,645, then you also used 100%,â says Hans Hanson, founder of Total College Advisory, based in Fairfield County, Connecticut.