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Claiborne Pell. The Higher Education Amendments of 1972 reauthorized the three campus-based programs, leaving the Economic Opportunity Grant Program with the same name, but renaming the two others: the National Defense Student Loan Program became the National Direct Student Loan or Federal Direct Student Loan Program and the Federal Supplemental Educational Opportunity Grant Program ().
In addition to increasing the maximum Pell Grant award and reducing interest rates on subsidized student loans, a new "income-based repayment" option capped loan repayment at 15% of an individual's discretionary income, while a Public Service Loan Forgiveness promised that some borrowers could forgive student loan balances after ten years of ...
To not have a Federal Pell Grant overpayment, To file their FAFSA. The maximum FSEOG is $4,000 a year and the amount applicants are eligible for is at the discretion of the college. To obtain the FSEOG, the student must accomplish and submit the Free Application for Federal Student Aid (FAFSA). [1]
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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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Coupled with research showing positive outcomes from correctional education programs, policymakers reconsidered restrictions on Pell grant access. In 2015, the U.S. Department of Education launched the Second Chance Pell pilot program, allowing certain colleges and universities to award Pell grants to qualified incarcerated students. [7]
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