Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

like
Posting as :
works at
You are currently posting as works at

No. The help is only for people that have outstanding balances. If you already took care of the Pell grant in your undergrad then you don’t really need help.. That being said, you can get 10k off your grad loans only if you meet the income requirement

like

This doesn’t answer OP’s question. Pell grants are not loans with balances - they’re grants for individuals who meet certain income thresholds and qualify for assistance during undergrad. So far, from what Biden and the White House have said is that you would qualify for the additional $10k “if you received a Pell Grant.” This is the administration’s attempt at targeting additional relief at those who come from lower income families, i.e., individuals who have qualified for a Pell Grant. Unclear at this point whether this additional relief will apply to grad loans, since Pell Grants are given during undergrad, but nothing so far suggests the additional relief will not be applied to grad loans. Students from low income families may have paid off or have low undergrad loan balances and now have grad loan balances, and it seems like the administration is trying to target this extra relief to such individuals.

like

The answer is yes. The existence of a pell grant in your history is all they're looking for as a qualifier for the additional forgiveness. This even includes outstanding balances on parent plus loans taken out for your kids so it will also extend to grad school loans as well.

like

I would love to know this as well!

Related Posts

How do you earn $500k and still feel average?

likefunnyupliftinghelpful

Hey, I am looking for an Angel investor to invest in our idea. Can someone help me to connect with the person.

like

What is EYs 401k match? I am going to interview and found lots of benefits info online but could not find match or best. Thank you.

like

Is anyone planning on trading water futures?

funnylike

Which is your stock pick this week?
Serious answers only!

like

Can wife claim husbands PAN for HRA? Flat is in the name of husband

like

Are crypto IRA’s worth it or is it better to just open an account at Coinbase and invest that way?

like

What is the most reliable way to make $750k a year by your late 30s?

likefunnyhelpful

Qualified Dividends: I’m expecting $650-$750 qualified dividend in 2021. Salary and base about $250 total. Questions: what tax rate will the qualified dividend be taxed at? The 15% or 20%? Also, since it’s technically a long term gain, do I have to pay an state and local on the income? Been reading for a bit and I can’t seem to find a clear answer. Thanks fishies!

like

Recommendations for best ways to save for retirement after contributing to 401k up to match and maxing out Roth IRA?

like

How to calculate in hand salary and how much will be tax and how to save taxes? Old or new tax regime?

Having a PPF invested for 1.5L IBM

Post Photo
like

I just logged in to the Chase app and it’s asking for my income to keep my profile up to date. Is this normal? It says it’s a way for them to consider me for credit limit increases but any reason not to share?

like

Who is getting into NFT? Friends recently just printing money like the fed on this. Willing to risk a few thousand. You all ?

likefunny

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

like

Just heard FY23 partners at PwC are getting only 40 shares vs.60 last year. Looks like new partners are being shown the middle finger by Tim Ryan in favor of increasing stock price and getting more catalyst hires. Sucks!!

likefunnyhelpful

The only thing I truly care about is money and I’ve tried hard to not be this way but I can’t help it. My parents came from nothing and I refuse to ever “feel poor” again

likeupliftingfunny

Can I get some advice on apartment hunting in the DC area?? Have to be able to get to Penn Quarter and Catholic University via public transit. I am having the hardest time finding. 2bd + Den OR a 3 bedroom with in unit laundry for under $4300.

likehelpfulfunny

Moving to Austin end of this year, with a new baby.

With ~$500k HHI and almost no debt, in which neighborhood can we practically afford a house? We do outdoorsy stuff (mtb biking, kayaking etc.) and also have a dog that likes to run.

Any suggestions are appreciated! 🙏🏽🙏🏽

like

Didn’t invest in LTC early on, it went down to 260 today - worth pulling the plug on it?

More Posts

My father is visiting us for 6 months. He takes insulin injections daily . Anyone know good way to get insulin injections to us they need constant refrigeration, or if he can buy them in US.

How do you count years of experience? Lets say you were a web master for 5 years. Then you transitioned into a proper UX role and did that for 5 years. Is that 10 years of experience or 5?

like

Is the CFE pretty easy?

likefunny

Best books for U.S. Corporate Tax similar to Logic of Subchapter K for partnerships? I’ve historically worked extensively with partnerships and starting to branch out into more “Core” corporate M&A Tax and looking for a helpful resource to get up to speed.

like

Hey everyone, general question here, Currently a Senior Assurance Associate , looking to make a career move as i’m really over public at this point. I’ve had a few colleagues recommend Consulting, as i had the personality and “mouth” for it. So wanted to begin my endeavor on the bowl to ask has anyone made this career move. What exactly does consulting entail. What field of Consulting have you moved to if the experience fit. Very general question, hoping for past experiences.

like

Does anyone know the typical salary for a 1st-2nd year associate at Lewis Brisbois in Los Angeles? L&E

Looking to exit UTHEALTH SA for other opportunities. Healthcare is great but pay/retirement is womp-womp. How is comp and benefits at your company? Can someone who has been in academic medicine as a Clinical Reporting Analyst transition to other industries? Thoughts fishies.

like

ACCA and CPA qualifications. How useful are they in the line of consulting. I work in the M&A space focusing on FDD. Happy to have a chat to see what qualifications if any are actually useful in our line of work.

like

Anyone know what happened to the Indian food truck outside of jpms building, use to be in the south west corner of 47 and park? Recently moved to new office in midtown and trying to find my old favs from like 4/5 years ago

like

Hi! Anyone have any idea about online assessment of McKinsey for backend developer?

like

Hi! Can anyone provide insight into how I can increase my chances of getting a position at Microsoft? It's in the Financial Services Group and I think I'd be a good fit. Any help is appreciated!

Hi folks,
Joining EY GDS in a weeks time. Do we require any account in a specific bank for salary payments

like

HCOL audit SM looking to leave big 4. What should be my comp expectation?

like

Hi Fishes,

I have a 7 year of experience in Service based IT Company. Is preparing for Maang good ? What roles and expectations should I be having?
Or should I consider working in service based itself or any other product based company.

I am really confused and concern about my future

Thanks in advance.

like

Hey, guys! Need one suggestion. I'm 2022 btech passout from tier 3 college. My current ctc is 5.5 lpa in Harman , working in an automotive devision with a role of devpr(mostly the work is in c++ and linux). I have a average coding skill. Tho, I'm not very good at competitive programming. How to take a switch in big product based company. What are skill sets i need to learn. I'm really confused! Some says learn full stack. I have to increase my pay from 5.5 to atleast 30 in next 3 yr

What are Auditors making at start ups/unicorns? Obviously the Software Engineers are the ones making small fortunes, but what about Auditors? Are they granted a good chunk of equity as well?

like

Any one got the retention offer from TCS ?

like

Anyone feeling ready? I'm on LIII and have yet to take a mock ...

Hi all! After graduating with my MBA with a focus in project management, I moved organizations to go from an EMR education manager to a full time project manager specializing in EMR implementation projects. I’ve found that although I enjoy the work- changing organizations and roles in a remote world was harder than I anticipated. I want to be great at my job and I think connecting with others that have gone through similar things could help.

like

Anybody having to participate in/listen to discussions at work regarding the recent events at the Capitol where your views are in contrast to others in the discussion? If so, how have you handled this?

like

Additional Posts in Student Loans

Damn LIBOR rate up again...

If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

like

If you could go back in time what would you tell yourself before taking out student loans?

like

In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

like

LCSW 50k loan repayment- Has anyone been granted a contract through the National Health Service Corps Loan Repayment Program? I’m interested in applying for the 2 years of full time work as an LCSW but my loans are a bit under 50k so I’m wondering if they would only give me what I need to clear my loans or would I still get 50k as long as I complete my contract ?

Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

like

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

What do you think are the chances this thing actually goes through? As of today they're still blocking it. It's paused which is fine, but if they don't actually forgive them after February I'll be pissed.

like

Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

like

Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

SOFI or who else?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal