Some $1.2 billion in student loans held by almost 153,000 borrowers are being dismissed through a program for people who have been making payments for at least a decade, the White House announces today.

The dismissals cover people enrolled in Saving on a Valuable Education plan that covers those who borrowed $12,000 or less and have been making payments for at least 10 years. Some 7.5 million borrowers are now enrolled in SAVE, 4.3 million of whom have monthly payments of zero, according to a release from the Department of Education.

“With today’s announcement, we are once again sending a clear message to borrowers who had low balances: if you’ve been paying for a decade, you’ve done your part, and you deserve relief,” U.S. Secretary of Education Miguel Cardona said.

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For borrowers to be eligible for forgiveness, they must be enrolled in the SAVE Plan, have been making at least 10 years of payments and have originally taken out $12,000 or less for college. For every $1,000 borrowed above $12,000, a borrower can receive forgiveness after an additional year of payments and all those on the SAVE plan can receive forgiveness after 20 or 25 years, depending on whether the loans were for an undergraduate or graduate degree.

The administration began sending emails today to those who are approved for forgiveness and do not need to take further action. In the future, borrowers who meet the criteria for forgiveness under SAVE will have their loans automatically discharged. You can sign up for SAVE here.