What is a Pell Grant?

 

A Pell Grant is not a loan, but eligibility may qualify you for loan forgiveness options for your federal loans

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Pell Grants are in the news lately since the Federal Government announced that federal Student Loans will get loan forgiveness of $10,000 and up to $20,000 for those who qualified for a Pell grant.

Pell grants are currently awarded to students whose "expected family contribution" to their college is less than $5846, and can range from $650 to 6,495.

Pell grants are awarded based on the information in your FAFSA application.


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Jurisdictional relevance: US

Legal Consumer - CaliforniaLaw. The content of this article pertains to all US states and counties.