If you’re enrolled in the Public Service Loan Forgiveness program and 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.
PSLF offers student loan forgiveness to teachers, nurses and other public service workers who have made 120 qualifying payments — the equivalent of 10 years — while working at a qualifying job. 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…
