<p>First of all, none of your past Pell grants will count toward the 12 semester limit. 08-09 was the first year of keeping tabs on the Pell used. If you are on a quarter system, you will be awarded one full Pell grant for the year, which will be divided up among the quarters. Since it is 600%, or 6 full annual awards, quarters or semesters are all the same … it’s the percent of each annual award used that counts, and you can’t use more than 100% in a single year.</p>