… from the federal government which serves as the lender. The student’s annual borrowing limit may vary based upon the following: The amount of unmet need after other financial assistance has been considered; The applicant’s grade level in … 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 … subsequent term following the loss of eligibility. A Chafee Grant student will receive a written notice of the process for appealing the loss of a Chafee Grant. A Chafee Grant recipient will be automatically reinstated for financial aid eligibility …