A perfect storm is brewing for millions of federal student loan borrowers, who may experience dramatic increases in their monthly payments later this year.

The last round of student loan forgiveness from the administration caps a tumultuous effort to deliver widespread relief to millions of Americans.

With the Biden administration providing student loan forgiveness to over 5 million Americans, some are wondering if Trump could undo already granted loan forgiveness.

Advocates are concerned hundreds of thousands of Arizona borrowers could be on the hook for significantly more expensive student loan payments under a new administration in Washington.

Many borrowers have benefited from education debt cancellation under the Biden administration. While in office so far, President Joe Biden has cleared nearly $180 billion in federal student loans for 4.9 million people. More than 1 million people had their debt cleared in 2024.