Tag: Pell Grant

November 9, 2022 Off

Student Debt Reset: What Forgiveness Means for You

By The Admiral Staff

The Biden administration has forgiven up to $10,000 in student debt for borrowers earning under $125,000 annually (or $250,000 for households), with up to $20,000 for Pell Grant recipients. Interest rates and payments on federal student loans are frozen through December 31, 2022. The article advises borrowers to consider their individual circumstances – whether they have private loans, their remaining balance,