Troubled student loan forgiveness program gets an overhaul

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In overhaul of a troubled student loan forgiveness program could offer debt relief to thousands of people the public service loan forgiveness program started in two thousand seven as a way to reward college students who go into public service promising to a race the rest of their federal student loans after they made ten years of payments so far it's help just fifty five hundred borrowers because of notoriously complex requirements more than ninety percent of applicants were rejected the education department says it's temporarily dropping some of those requirements through next October it says more than five hundred fifty thousand borrowers will move closer to debt forgiveness the changes are seen as a short term fix while the government considers permanent improvements Sager

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