Student Loan Forgiveness Upto $20000 Explained

Joe Biden announced student loan forgiveness of up to $20000 for Pell Grants eligible students and up to $10000 for non-Pell Grants students.

But What is the Pell Grant, Who is eligible, and how students can apply for it?

What Is Pell Grants

Well, it's a Federal relief, funded by Education Department and provided by schools to those students who are not financially stable to pay education fees.

President Biden (@POTUS) tweeted that nearly 87% of debt cancellation benefits will go to borrowers earning less than $75000.

Pell Grants Cover

 In 2020 more than 6 million students received nearly $27 billion in Pell grants

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Repay of Pell Grants

According to Federal Student Aid (FSA), you don't have to repay Pell Grants until you withdrew early from the program and receive outside scholarships.

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Who Can Apply For Pell Grants

As per FSA, students need "Exceptional Financial Need" to qualify under Pell Grants.

1 Family or parents' income is less than $60,000 a year.

2 Must be enrolled in a degree or certificate.

3 Must be enrolled full-time or part-time.

Pell Grants Eligibility

Are you qualify and want to apply for Pell Grant then simply go to and apply with Free Application.

How to Apply


Well, It depends on your Expected Family Contribution, the cost of attendance, and your status as a full-time or part-time student.

Do I get $20000 If I Qualify For Pell Grants

Form Update Last Date

Last Call for Corrections! Any corrections or updates to your 2021–22 FAFSA form must be submitted by 11:59 p.m. Central time on Sept. 10, 2022.

Borrowers who are not eligible for Pell Grants can get up to $10000 relief if their annual income is less than $125000 or $250000 in the case of a married couple.

How Students Will Receive Pell Grant.

The money will be directly paid to you or it may be provided to schools when they will apply for Pell Grants. 

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