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… results of your FAFSA 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 … $5,000 per academic year. Chaffee Grant Satisfactory Academic Progress (SAP) Standards A student who loses eligibility may appeal the loss of the Chafee Grant during any subsequent term following the loss of eligibility. A Chafee Grant student will … 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 …