How does fafsa work, is the money for the whole year or just for the semester?

I completed my fafsa over a week ago, but i don't understand how it works. Does the money they give is for the whole year or just for the semester. This is what it said when i checked the status of my fafsa "Based on your EFC of 02222, you may be eligible to receive a Federal Pell Grant of up to $3300 for... show more I completed my fafsa over a week ago, but i don't understand how it works. Does the money they give is for the whole year or just for the semester. This is what it said when i checked the status of my fafsa "Based on your EFC of 02222, you may be eligible to receive a Federal Pell Grant of up to $3300 for the 2010-2011 school year."
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