Cancellation typically occurs on a graduating scale: 15% for year 1, 15% for year 2, 20% for year 3, 20% for year 4, 30% for year 5. These percentages were based on the original debt amount. Thus after 3 years of service, one would have 50% of their original debt cancelled.
Cancellation is typically implemented on a graduated scale: 15% in year 1, 15% in year 2, 20% in year 3, 20% in year 4, and 30% in year 5. These percentages were based on the original debt amount. Therefore, after three years of service, one would have 50% of their initial debt cancelled.