SPOKANE, Wash. — Millions of people could soon be free from student loan debt, so how can you make your money work for you?

With President Biden’s loan forgiveness plan, 1/3 of borrowers will see their debts gone for good, according to The Federal Reserve. The average student loan payment is $393 dollars a month. If you won’t have to make this payment anymore, Kumiko Love — The Budget Mom — has tips you can use to make the most of your money.