‘It’s $10,000 That’s on the Line.’ Borrowers Who Used Pell Grants Decades Ago Can’t Find Proof and Worry They Will Lose Biden’s Relief.

"Though she applied to college more than 40 years ago, Frida Marte can clearly remember the details of the experience," MarkertWatch reports.

..."Borrowers likely can’t count on their schools to confirm that they used a Pell grant. Colleges are only required to keep student records for three years after the student is no longer enrolled. The day the Biden administration announced the debt relief program, colleges were 'inundated' with calls from former students asking if they’d received a Pell grant and whether the school could provide proof that they’d used a Pell grant, said Karen McCarthy, vice president of public policy and federal relations at the National Association of Student Financial Aid Administrators. 

'The schools were panicking a little bit too,' she said.  'They were getting all these phone calls. The Department did in the days after clarify that all of that is in their records and they’ll be double checking that.'” 

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: 10/21/2022

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