WASHINGTON, D.C. (CBSNEWS.COM) – The U.S. Education Department rejected 99 percent of applicants in the first 12 months of a revamped student loan forgiveness program, according to a government watchdog report.

Ironically, the program had been expanded last year to help students who were already struggling to qualify for loan forgiveness.

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The report says there were 54,184 completed applications between May 2018 and May 2019. Out of those, 53,523 were denied and only 661 were approved.

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