Mississippians may receive Biden’s money

According to ‘Mississippi Today,’ the average Mississippi student college loan of $37,000 is close to the National Average of $37,667 or $1.6 trillion and is among the highest in the nation. Nearly 439,000 Mississippians have Federal Student Loans, which would receive $10,000, or $20,000 if it is a Pell Grant.

Pell Grants, named after Rhode Island Senator Claiborne Pell, was first awarded in 1973. Designed to help educate students from families with an annual income of less than $60,000. Currently, 27 million students are Pell Grant recipients, and the maximum amount given to a student by a Pell Grant is $6,495. The amount granted depends on how much the family can contribute, whether the student plans to attend full or part-time and whether the student will attend for a full academic year. The minimum Pell Grant is $650.00

The NCES (National Center for Education Statistics), in the 2020–2021 year, 45% of Mississippi College Students were recipients of Pell Grants.

An article in the Biloxi, MS Sun Herald Newspaper stated, “$10,000 will be more than enough to wipe out the entire debt. Based on a study by LendingTree, 139,409 Mississippi residents will no longer be

in debt.”

To receive the debt forgiveness, the borrower must make less than $125,000 if single or $250,000 if…