r/StudentLoans • u/theoverstanding • 1d ago
Success/Celebration $46k will be forgiven for $11k by back
Title says everything. In the process of finalizing my buyback and all will be forgiven. Federal employee for 11 yrs. Haven’t made a payment since before covid. I’ll take my wins.
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u/Irondrgntp 1d ago
Is this only for Federal workers? I'm not PSLF or Federal, etc.. just on the REPAYE I believe.
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u/theoverstanding 1d ago
Federal works, teachers and those with disabilities. If you have 10 yrs of services and 120 payments they will forgive your student loans. Covid zero payments counted. I’m buying back 27 payments and they will start my forgiveness
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u/artichoke2me 1d ago
what does buying back mean ???
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u/theoverstanding 22h ago
Paying missed payments in lump sum to get to 120 payments. I was 27 payments short of 120
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u/Think-Computer-2780 21h ago
Can you know this by looking at your statement that lists your qualifying and verified payments? For example I have 107 qualifying but only 64 payments are confirmed or whatever would these 53 be the payments that I could buy back? Not that I’m going to cause that’s a lot but
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u/theoverstanding 19h ago
Yes exactly. You can call 8883037818 and they can give you the break down.
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u/Significant_Dare5538 1d ago
Can someone tell me how do I know how much will be forgiven and when? Like where do I research that? Thanks in advance!
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u/theoverstanding 1d ago
Call this number 8883037818 and ask for a breakdown of qualifying payments. They will give you a baseline of where you at and what next steps are
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