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Less than 1% of applicants received student-loan forgiveness

Only 96 student-loan borrowers who applied for the Education Department's public service loan forgiveness program have been approved, which is less than 1% of the nearly 30,000 who applied. Last year was the first year borrowers were eligible for the program, which was established in 2007 but requires on-time loan payments for 10 years before loans can be forgiven.

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