What is a Pell Grant? Who qualifies?

On Wednesday, Vice President Joe Biden unveiled his proposal to reduce or cancel the debt of millions of students.

Though the Biden administration had previously agreed to erase student debt for some borrowers.

The president this week announced persons who earn less than $125,000 a year are eligible for cancellation of up to $10,000 in federal student loans.

 An individual who has obtained a Pell Grant may be eligible to have up to $20,000.

Pell Grants are given to students in colleges and universities all around the United States.

The White House claims that more than 60% of the "borrower population" consists of recipients of the federal Pell Grant programme.

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