Source: Danielle Douglas-Gabriel, Washington Post ( Paid Registration )

President Biden will email 153,000 student loan borrowers enrolled in his signature repayment plan to let them know their debts — totaling $1.2 billion — have been forgiven.

Rather than wait 20 to 25 years for relief through other income-driven repayment plans, enrollees in the SAVE plan who borrowed less than $12,000 can have their debt wiped clean after 10 years of payments.

Read Full Article: Biden administration cancels $1.2B in student loans