This 1 Thing Would Cut Student Debt in Half

this 1 thing would cut student debt in half

Sumary of This 1 Thing Would Cut Student Debt in Half:

  • President Joe Biden (Photo by Scott Eisen/Getty Images) Getty Images This 1 thing would cut student debt in half.
  • Student Loans According to a new report, Congress can cut half of all student loan debt by doubling Pell Grants.
  • The Gender Equity Policy Institute found that by doubling Pell Grants: Student loan borrowers would cut their student loan debt by half or more;
  • 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 students who receive the maximum award will see a 79% reduction in debt.
  • Student loans: who benefits from doubling Pell Grants 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. Over the past 50 years, more than 196 million Pell Grants have been awarded to students, with nearly 4 in 10 undergraduates receiving one.
  • MORE FOR YOU Here’s who benefits if Congress doubles Pell Grants to $13,000: More than 25 million adults each year could benefit from increasing the Pell Grant;

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close