The Biden administration announced another $9 billion in student debt relief for more than a hundred thousand borrowers – with thousands of them in Arizona.
The announcement comes just days after federal student loan payments restarted after a more than three-year pause.
The Department of Education says this latest round of forgiveness will save nearly 12,000 Arizona borrowers an estimated $840 million.
The cancellations come through changes to the existing debt relief program and is only the latest effort by the administration to assemble a scaled-down debt relief plan after the Supreme Court struck down a previous effort that would have canceled loans for millions of Americans.
The latest change includes improvements to the income-driven repayment program and the Public Service Loan Forgiveness program.
This brings the total approved debt cancellation to $127 billion for nearly 3.6 million Americans.