r/PSLF•
Patient-Funny2751

buyback save months

Data Point

after sending multiple threatening feedback forms and 2 buy back requests, I got notified I can buy back months I was in SAVE on 2 of my current loans, to complete my pslf. they noted the calculation as ICR plan and the rate is about the same as what I was paying per month on them prior to the forced forbearance. im not sure why only 2 of my loans are eligible for buyback but ill take it.

"You acknowledge that if you make the payment in this PSLF Buyback agreement you are choosing to pay the amount to receive Public Service or Temporary Expanded Public Service Loan Forgiveness for the loans in this agreement; and in many circumstances if you wait the payment account adjustment and new regulations in 2024 will automatically credit most periods of forbearance and deferment without you having to make a payment.

You acknowledge that if you make a payment, the payment will be treated as a regular monthly payment until the full amount in this agreement has been received.

You acknowledge that this agreement will be voided if any of the following happens: You submit a PSLF form after we have sent you the agreement. Your loan is paid off after we have sent you the agreement. You apply for or consolidate your loan after we have sent you the agreement. Your loan is discharged or forgiven for any reason after we have sent you the agreement.

You agree to the following: your servicer must receive the total PSLF buyback amount within 90 days of the date of the letter. If the full amount is not received within 90 days of the date the agreement was sent to you, this agreement will be void. Make your PSLF Buyback agreement to your student loan servicer as a regular payment. "

Posted May 7, 2025, 2:45 PM UTC

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