President Joe 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 – but that hasn’t stopped his administration from finding other ways to help borrowers. Nearly $138 billion of federal student loan debt has been canceled for almost 3.9 million borrowers since Biden took office. The latest round of debt relief, announced Wednesday, will impact some borrowers who are enrolled in a new repayment plan known as SAVE (Saving on a Valuable Education), which the administration launched in August as the pandemic-related pause on payments was ending. Under the new repayment plan, remaining federal student loan balances are erased for those who originally borrowed $12,000 or less and have made payments for at least 10 years. Cre: CNN