Teachers, nurses and other eligible public servants enrolled in the Public Service Loan Forgiveness program could see their student loan balances wiped out after 10 years in their field and 120 qualifying monthly loan payments. If you were due to receive debt relief last year or expected to hit the 120-payment mark this year, a new program can help you apply for debt relief during the SAVE payment pause.
The PSLF Buyback program offers the opportunity for eligible borrowers to “buy back” no-payment months that didn’t count toward forgiveness while their loans were in forbearance or deferment.
The buyback option could help some borrowers in the PSLF program get debt relief sooner, but it’s not a shortcut to accelerate your progress…
