"The Education Department (ED) opened up a beta version of its student loan forgiveness application process at studentaid.gov/debt-relief/application, offering periodic access to some borrowers who can apply ahead of the official launch," Yahoo News reports.

..."What is a Pell Grant?

A Pell Grant is a federal grant to low-income undergraduates who have not yet earned a first bachelor’s degree with the greatest demonstrated financial need. Eligibility is determined from documentation provided on the free application for federal student aid, known as FAFSA.

In 2020-21, approximately 6.4 million students received a Pell Grant with the average award of $4,166 and over 78% of recipients had family incomes of less than $40,000, according to the National Association of Student Financial Aid Administrators (NASFAA)."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 10/15/2022