Students are eligible to receive Pell Grants up to the equivalent of 6 years at full time (12 credits or more). For example, if a student is attending full time at a university, they could potentially receive up to 12 semesters of Pell Grants. If a student is attending half time every semester, they could potentially receive up to 24 semesters of Pell Grants, which is the equivalent of 6 years at full time.