Here's what it means for your student loans.
. Currently, Democrats in Congress propose to increase Pell Grants and make community college free under the latest reconciliation bill. The Gender Equity Policy Institute found that by doubling Pell Grants:Community college students who receive the maximum Pell Grant award will graduate student loan debt-free.
Student loan borrowers with a Bachelor’s degree who get the maximum Pell Grant award will experience a 79% reduction in student debt.Pell Grants are need-based grants to students to help pay for higher education at 2-year and 4-year colleges and universities. Currently, the maximum annual Pell Grant is $6,495. Approximately 95% of Pell Grant recipients have a family income below $60,000.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: Student debt will be cut in half with doubling of Pell GrantBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Smutty TV Has Changed, and So Have WeOn TheCutPodcast, aparkusfarce and AllisonPDavis try to figure out why exactly Sally Rooney’s NormalPeople was so damn hot to read and watch — and how TV has gotten so smutty recently. Listen here
Read more »
Student debt is keeping many Americans from becoming homeowners — and COVID didn’t helpWhile people with federal student loans have been allowed to pause payments during the pandemic, most borrowers haven’t gotten any closer to paying their debt.
Read more »
Natalie Morales: How I respond to people who say I’m ‘not Latin enough’I’m half Brazilian and half Puerto Rican. But all my life, I’ve been told I’m not quite Latin enough — or white enough.
Read more »
Boeing says air travel to return to pre-pandemic levels by 2024Plane maker expects global aviation to take another two and a half years to recover.
Read more »