But for federal Pell grant recipients, that amount is even higher: $20,000Created by the Higher Education Act in 1965 as a way to promote access to education, federal Pell grants are special scholarships reserved for undergraduates and certain other 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.
Roughly 27 million recipients of Pell grants will now be eligible for loan forgiveness. But for some, the $20,000 will hardly made a dent. For Yaneth Peña, however, the money will make a difference. Peña graduated from North Carolina State University in 2014. She obtained about $4,000 in grants and approximately $25,000 in federal loans. Under Biden’s forgiveness plan, her debt would be whittled down to $5,000.
Total bullshit!
My friend 32 has tons of medical bills from Cancer. Maybe he can pay off some of those.
how about 50K for medical debt please, JB
While universities with big endowment funds continue to charge outrageous tuition
My friend just celebrated paying his off at age 38. He makes like 50-60k a year I assume. What a slap in the face.. does he get a 10k reimbursement? Lol damnnnnnn
Where is allof this money coming from? Hmmmmm
and the SCOTUS will rule it unconstitutional.
Expect more Bidenflation during his Recession.
I had to pay my school loans back. It wasn't easy. There was no 'loan forgiveness' back then. You paid it or your credit tanked. I did whatever I had to in order to pay my loans. Can I get that money back now? Country full of wimps and free loaders. smh
Thank you. I needed that
A big f u to all the people who did it the right way
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