Not Sure If You Have A Pell Grant Loan? Here’s How To Find Out
President Joe Biden announced to America his Student Loan Relief Plan Wednesday at the Whitehouse. A few key points included forgiving $10,000 in federal student debt and canceling up to $20,000 for recipients of Pell Grants.
What Is The Average Americans Student Loan Debt?
According to a Department of Education analysis, the typical undergraduate student with loans now graduates with nearly $25,000 in debt.
What Is The Average Michiganders Student Loan Debt?
Michigan borrowers carry an average federal and private student loan debt balance of $33,487, which is 9% less than the U.S. average of $36,689
What Is A Pell Grant?
According to studentaid.gov Federal Pell Grants usually are awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor's, graduate, or professional degree. A Federal Pell Grant, unlike a loan, does not have to be repaid, except under certain circumstances.
How Can I See If I Have A Pell Grant?
According to verifythis.com student borrowers can check their entire federal student aid history on the Federal Student Aid website run by the U.S. Department of Education. This includes their Pell Grant history.
Jessica Thompson, the vice president of The Institute for College Access & Success (TICAS), says this is where you can confirm if you’ve ever received a Pell Grant. Jessica told verifythis.com
“We've been encouraging folks to log into studentaid.gov as soon as possible because you may run into issues where you can't figure out how to get logged on and you need to troubleshoot and you need to make some calls or emails to get help,” Thompson said. “Which may prolong the time it takes to get that access to that account. They should be able to identify, and certainly have the data to know, who has ever been disbursed a Pell Grant.”
Watch: President Joe Biden Shares His Student Loan Debt Forgiveness Plan
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