Page 25 - Pell Grant Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Significantly reduced debt for 43 million people and wiped it away for about 20 million americans, and that is no longer. >> ken, how big of a blow is this to president biden, given this was a campaign promise he was trying to enact through this program? >> yeah, it's a big blow politically and legally for the biden administration, as you mentioned. this was an important campaign promise that he made that helped to motivate a lot of young people who are really feeling the burden of student loan debt. they go to college. they do what they're told is the right thing to to, and they graduate unab...

Chicago. you've been talking to those impacted, those waiting for this decision. what have you been hearing? >>. >> reporter: i've been covering this for a couple of years at this point, going back to before biden announced this program and the calls for many people in the progressive base for biden to act and take this executive action. one person who i've been in contact with for a long time just texted me saying, oh, what a horrible day. and that's the feeling you're getting from people who were calling for this, who are relying on this program. that person i'm referring to, she told me tha...

Then we have to work to make college more affordable. i would love to see the federal government double the pell grant program. in 1980 the pell grant program covered about 80% of the cost of college. no, it covers less than one third. we have transfer that cost from the federal government to students and their families in the form of debt. that is a policy mistake that needs to be corrected. >> let's listen to miguel cardona. >> from day one we have been making sure that our students are at the center. we have provided over $65 billion in debt relief and we are fixing a broken system. for exa...

Been underrepresented or formally excluded from higher education. that is important. we should also go back and correct some of the things that the individuals were saying. yes it is true that this perhaps unprecedented for student loans to be forgiven but it is not unprecedented for the government to forgive of their kinds of loans. student loans are not dischargeable in bankruptcy but loans for small businesses can be. the government extended quite generation loans to a number of people through the ppe program. those loans were also forgiven. it is not the case to say that somehow the govern...

In March 2020, the federal government froze payments on all federal student loans. In August 2022, the Biden Administration forgave a portion of federal student debt. Borrowers who qualified each got $10,000 of their debt forgiven, while Federal Pell Grant Program recipients got $20,000 of their debt written off. Although…