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Student-Loan Borrowers Flock to Payment-Relief Programs

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Student-loan borrowers are flocking to relief programs touted by President Barack Obama that lower their monthly payments and put them on a path to debt forgiveness.

Almost 3.9 million former students signed up for income-based repayment plans as of June 30, a 56 percent increase from a year earlier, according to quarterly data released by the Education Department on Thursday.