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… and enrollment intensity. The maximum annual award is $7,395. Students have a maximum lifetime Pell eligibility of 600% (equivalent to 12 full-time semesters), where 100% is equal to two full-time semesters. … Federal Supplemental Educational … progress. If a Chafee recipient student subsequently fails to meet SAP standards for a third consecutive semester (or equivalent) the student must check with the financial aid office to update their plan in order to receive their remaining Chafee Grant funds. A student who fails to update their plan or who fails to meet SAP for a fourth semester (or equivalent) loses eligibility for subsequent awards but may appeal to retain eligibility. A student who loses Chafee …