… 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 Opportunity Grant (FSEOG) … Subsidized Federal Direct Loans Students must complete the FAFSA and demonstrate financial need according to the federal formula in order to be eligible for subsidized direct loans. Under this program: The federal government will pay the … your award will be held in reserve for up to three years until you transfer to a bachelor’s degree program. Cal Grant B Provides subsistence payments for new recipients in the amount of $1,648 for a full-time, full year award. Payments are …