What to know about Pell Grants

Biden announced $10,000 in relief for student loan borrowers making less than $125,000 annually, and an additional $10,000 for Pell Grant recipients. (Video: Michael Cadenhead/The Washington Post)

President Biden’s student loan forgiveness plan is expected to help up to 43 million borrowers, with recipients of federal Pell Grants set to get the biggest relief.

The plan will forgive up to $20,000 in federal student loans for borrowers who had received a Pell, a grant program that has helped millions of low-to-moderate income students attend college. Non-Pell recipients can receive up to $10,000 in forgiveness if they made less than $125,000, or under $250,000 for married couples and households.

In a matter of hours, the Pell Grant became one of the most searched terms online. Here is what to know about the program.

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