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The maximum Federal Pell Grant for the 2023–24 award year (July 1, 2023, through June 30, 2024) is $7,395. [21] The maximum amount of the grant usually depends on the EFC and several other factors, including cost of attendance, the amount of time the student plans to attend college, whether it is a full academic year, and whether one is a ...
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President Joe Biden said people who received Pell Grants may have up to $20,000 of their federal student loans ... 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail.
If Congress passes the current Pell Grant proposal, awards during the 2023-2024 academic year would range from a minimum of about $740 to a maximum of $7,395, according to CNBC.
The White House said Pell Grant recipients would receive twice as much loan forgiveness as other low- and moderate-income borrowers. Do you qualify? Check the Federal Student Aid website.
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The act raised the maximum Pell grant from $4,310 to $5,200, lowered interest rates on subsidized student loans from 6.8% to 3.4%, raised loan limits from $7,500 to $30,500, disfavored married students who filed joint tax returns, provided more favorable repayment terms to students who could not use their education to prosper financially, [45 ...