WASHINGTON The Biden administration said Wednesday that it has cleared the way for another $9 billion in student debt relief for as many as 125,000 borrowers 11,700 of them in Arizona.
The savings, which will come through changes to existing debt relief programs, would save Arizona borrowers an estimated $840 million, according to the Education Department. Advocates said that will likely come as good news to the 917,300 borrowers in the state who owed $32.5 billion as of June 30, according to department data.
Ive heard so many stories from across our district about the weight of these student loans, Rep. Raul Grijalva, D-Tucson, said in a statement Wednesday. Todays announcement gives more than 11,000 Arizonans a huge sigh of relief.
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