Pell Grant recipients get additional student loan forgiveness under Biden
President Biden’s student loan forgiveness program aims to provide $10,000 in student debt cancellation for millions of Americans.
As NewsChannel 13 reported, for federal Pell Grant recipients, that amount doubles to $20,000.
Pell Grants were created by the Higher Education Act in 1965, as a way to promote access to higher education. The grants are special scholarships reserved for students with the most significant financial need.
The grants generally don’t need to be paid back, but they often don’t cover the full cost of college – so recipients take out additional loans.
About 27 million recipients of Pell Grants will now be eligible for loan forgiveness.
If you’re not sure if you received a Pell Grant, there are some ways to find out. Review any financial aid award letters or emails from the Office of Federal Student Aid describing your FAFSA award.
You can check your federal student aid history on the federal student aid website.