Parents whose children received Pell Grants are not eligible for the $20,000 in forgiveness although they took out loans federal Parent PLUS loans to help
Borrowers who attended college with Pell Grants, designed to help low-income students, are eligible for up to $20,000 in forgiveness. But that does not apply to parents whose children received Pell Grants. Parents are only eligible for that additional relief if they were Pell Grant recipients, themselves.on Monday, eight Democratic Senators, led by Maryland Sen.
While the Parent PLUS program was initially aimed at middle-class families, most Parent PLUS recipients today also receive Pell Grants, making them one of the most low-income groups of students,In 2018, 42% of Black Parent PLUS borrowers and 26% of Latino Parent PLUS borrowers were expected to contribute nothing towards a college education, meaning they were too poor to afford college costs out of pocket, based on U.S. Education Department calculations.
Peter Granville, a senior policy associate at the Century Foundation who authored the May report, found that 28% of students who used a Pell Grant and a Parent PLUS loan to pay for college have parents who did not attend college — parents who would therefore not be eligible for the additional $10,000 in debt forgiveness under the Biden Administration’s plan.
“The ball is really in Congress’s court to change the underlying factors that lead to Parent PLUS being such a burden for some families,” Granville says. “We need sufficient grant aid, so that low-income families don’t have to take out these loans in the first place. Only Congress can do that on a national scale.”
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