After months of speculation, President Joe Biden announced on Wednesday his administration is, and $20,000 for anyone who received Pell grants, which are awarded to students with low-income backgrounds. The move would come through an executive action, so Congress would not be involved, though that could be open to legal challenges.
Borrowers who received a Pell Grant will be eligible for up to $20,000 in student loan debt cancelations.Which student loans will be forgiven? Check the top of your federal loan promissory notes, applications, and billing statements, which will state the name of the federal loan program at the top.using your FSA ID and select “My Aid” under your name, which will display information on all federal loan and grant amounts.The Department of Education said it will be announcing further details on how to claim the relief in the weeks ahead, including an online application eligible borrowers will be able to fill out.
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