If you received a Pell Grant as a form of financial aid as a college student, you will be eligible for the full $20,000 in federal loan forgiveness. If you did not receive a Pell Grant as a college student, you will still be eligible to receive up to $10,000 in forgiveness.
Should you be unable to recall if you received a Pell Grant, you can log into StudentAid.gov and navigate to your dashboard to see what types of loans you originally received.
Pell Grants are a form of federal financial aid typically gifted to undergraduate students with low or moderate incomes. The government reports that nearly 60% of students who received any form of federal financial aid in college also received a Pell Grant. Pell Grants are unique, in that — unlike most college loans — borrowers are not required to pay them back.