A new report released Thursday shows that 99 percent of those who requested federal student loan forgiveness were denied. 

That report, published by the Government Accountability Office, shows that of more than 53,000 applications, only 661 were approved. 

Congress set $700 million aside in 2018 to expand the program due to the low number of applicants qualifying for forgiveness. 

The program was designed to help those working in the private sector, such as teachers and social workers. 

This program, however, does require the borrower to have first applied to and been rejected by the original program. 

According to the new report, around 71 percent of those who were rejected had not re-applied.