Nearly 153,000 people enrolled in Biden’s new student loan plan will get an email Wednesday that their debt is canceled

Washington (CNN) —& Nearly 153,000 student loan borrowers currently enrolled in a new repayment plan launched by the Biden administration are expected to get an email Wednesday notifying them that their remaining federal student loan debt will be canceled, totaling about $1.2 billion. The email is expected to include a congratulatory message from President Joe& Biden, whose administration is eager to remind voters what it has done to address student loan debt as the presidential election ramps up. “From day one of my Administration, I vowed to fix student loan programs so higher education can be a ticket to the middle class—not a barrier to opportunity,” the message reads. Biden’s plans to provide student debt relief were dealt a significant blow when the& Supreme Court rejected& his signature student loan forgiveness program last year. “My MAGA Republican friends in the Congress, elected officials and special interests stepped in and sued us and the Supreme Court blocked it. But that didn’t stop me,” Biden said Wednesday in brief remarks made at a small community library in Culver City, California. His administration has continued to find other ways to help borrowers. Nearly $138 billion of federal student loan debt has been canceled...