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This latest round of student loan forgiveness will save nearly 12,000 Arizona borrowers an estimated $840 million.
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Borrowers are eligible for loan forgiveness if they accumulated either 20 or 25 years of qualifying monthly payments depending on their loan type and Income-Driven Repayment plan.
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Arizona Attorney General Mark Brnovich plans to sue the Biden administration to stop its new student loan forgiveness program.
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More than 10,000 Arizonans could see millions of dollars in federal student loan debt erased as part of a multi-billion-dollar loan discharge announced last week for former students of the now-defunct Corinthian Colleges.