The Biden administration has come up with another wave of new student loan forgiveness, which will bring an initial plan forward from July to February. As revealed by the administration on Friday, some borrowers enrolled in the Saving on a Valuable Education (SAVE) plan could have their debt forgiven.

Borrowers who have loans of $12,000 or less and have so far made 10 years of payments can qualify. In addition to that, borrowers can also enjoy the benefit if they make one year of additional payments for every $1,000 above $12,000 borrowed.

This way someone who got a loan of $13,000 is required to make payment for a minimum of 11 years before being eligible for an erasure while a person who borrowed $15,000 can only get their debt erased after they have made up to 13 years of payment.

According to Education Secretary Miguel Cardona, the loan forgiveness plan offers assistance to millions of current borrowers while also providing “a more affordable pathway to college degrees and credentials” to current and future students who have not taken student loans yet.

For the Department of Education, 85% of community college borrowers will become free of debt within 10 years.

Borrowers who meet the eligibility requirements and are already enrolled in the SAVE plan will automatically get their loans dissolved. For those who have not signed in for the program yet, the education department will launch an outreach program, in which officials will reach out via email to encourage them to enroll for the program.

Speaking about the program in a statement, President Joe Biden said that it is part of the administration’s efforts to “act as quickly as possible to give more borrowers breathing room so they can get out from under the burden of student loan debt, move on with their lives, and pursue their dreams.”

While the administration has only good words to say about the new student loan forgiveness plan, critics have pointed out that it is not very different from the original debt cancellation plan which was going to cancel $400 billion in student loans at once. That initial plan was overruled by the Supreme Court in June after it was challenged by six Republican-led states who made the case that Biden was overstepping his authority by attempting to erase so much debt

For many, the SAVE plan is only a bypass to the Supreme Court’s ruling.