Biden’s new student loan plan will get an email Wednesday that their debt is canceled

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.