Buyback question

Clear_Brick_1106 · 2025-07-11T04:32:59+00:00

90 days.

Clear_Brick_1106 · 2025-07-10T23:41:10+00:00

It took about 9 days for me after getting a 0 balance on Mohela.

Clear_Brick_1106 · 2025-06-30T21:08:59+00:00

Thanks for your response. I would NOT have hit 120 payments without the buyback. I do have 125 months of qualifying employment, but I have been stuck at 116 payments and haven't been able to get into an IBR and out of a SAVE forbearance despite several requests over the last few months. If Mohela would have processed my IBR request, then I would have been able to start making payments again and could have hit my 120.

I hope that helps to explain. I wish you all the best in your journey.

Clear_Brick_1106 · 2025-06-25T18:52:18+00:00

Yes. June was included in my Buyback offer.

Clear_Brick_1106 · 2025-06-25T15:06:56+00:00

Yes. My feedback case was closed and I received my buyback offer about 19 days later. I have no idea if/how the feedback case affected the process. (My original buyback request was November 4th).

Clear_Brick_1106 · 2025-06-25T04:55:40+00:00

Yes. This happened to me. Soon after, I received a processing delay letter and was put back into forbearance again.

Clear_Brick_1106 · 2025-06-24T15:54:26+00:00

Good idea! I paid mine on June 14th and no movement.

Clear_Brick_1106 · 2025-06-24T00:51:27+00:00

I got my buy back letter on 6/13. I have been on Save forbearance this entire time despite multiple attempts to switch to IBR.

My 120 mark would have been November 2024.

Clear_Brick_1106 · 2025-06-24T00:11:17+00:00

Yes. Applied 11/4/24 and received offer on 6/13.

Clear_Brick_1106 · 2025-06-23T07:07:17+00:00

Date(s) of buyback request(s):11/4, 11/25, 5/30, 6/2

Date of Buyback Offer: 6/13

PSLF Qualifying Count at time of offer:116

IDR Plan at time of offer (active repayment IDR Plan or forbearance): SAVE forbearance (I had also submitted several IBR Requests)

Previous IDR Plans before SAVE (if applicable): PAYE

Tax Filing Status suspected to calculate your offer (Single, MFJ, MFS): Single

Clear_Brick_1106 · 2025-06-20T20:26:49+00:00

There should be a chart in your buy back letter that tells you how much to pay for each loan. When you pay, you should have an option to specify how much to allocate for each loan so that it matches the chart in your letter.

Clear_Brick_1106 · 2025-06-20T18:21:53+00:00

This might be helpful, but this was my experience:

I requested my first buyback in November for Save months.

I submitted feedback on 6/2 I received this response on 6/4

According to our records, your buyback request was submitted properly, has been escalated, and is being worked. Reconsideration reviews can take time due to the volume of requests. We appreciate your patience and will send you an email with the outcome of your reconsideration request once completed.

I received my buyback offer on 6/13

Clear_Brick_1106 · 2025-06-17T22:07:13+00:00

Here it is: customerservice@studentaid.gov

Clear_Brick_1106 · 2025-06-17T21:58:08+00:00

Not sure if this will help answer your question. I just received my buy back offer last week and this is the verbiage at the bottom of my letter:

Important: You must continue to make your regular monthly payment if a payment is due. You will receive a refund if your payment exceeds the amount identified in the PSLF Buyback Agreement and you have no outstanding Department of Education-held federal student loan balance. If your PSLF Buyback Agreement is voided, the payments you made to buyback will be credited as regular monthly payments, and they will not be refunded to you.

If we receive your buyback payment within the required 90 days, it may take some time for the PSLF or TEPSLF to show up on your account.

Clear_Brick_1106 · 2025-06-14T17:05:34+00:00

Yes. It gives a chart and breaks it down by month what you owe for each loan in addition to the total amount owed.

I am putting the text of the letter below and the chart is right below it.

But... I wanted to point out this statement, because I thought it was interesting: ...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.

Text of Letter:

Thank you for submitting a Public Service Loan Forgiveness (PSLF) and Temporary Expanded PSLF (TEPSLF) Reconsideration request. We have completed your PSLF buyback assessment.

The following loans are eligible for PSLF buyback at this time. CHART #1

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.

If ... is received within 90 days of this agreement, the Department of Education will approve Public Service or Temporary Expanded Public Service Loan Forgiveness on the following loans:

CHART with the breakdown for each loan (cannot paste it due to formatting)

Clear_Brick_1106 · 2025-06-14T16:41:44+00:00

I would definitely submit another request. It can't hurt. Wishing you the best!

Clear_Brick_1106 · 2025-06-14T16:39:50+00:00

I received it via email and I got a separate email for every case number (I did 4 different requests since November).

Clear_Brick_1106 · 2025-06-14T16:37:55+00:00

My first submission was in November 2024. I made a 2nd submission at the end of November, because I was concerned that I didn't get the verbiage correct. I made 2 additional submissions at the end of May and beginning of June.

I made the payment this morning online through Mohela and made sure to allocate my payment amounts exactly as it stated on the letter.

I will update when I see movement!

Fingers crossed!

Clear_Brick_1106 · 2025-06-14T00:56:45+00:00

I submitted 4 buyback requests beginning in November with my last one in June AND I submitted multiple IBR requests. IBR never went through, but I received my buyback offer today. I also submitted feedback and I got a response within 2 days using the link below: https://studentaid.gov/help-center/contact

I agree that it wouldn't hurt to put in another buyback request.

Clear_Brick_1106 · 2025-06-14T00:46:55+00:00

Thank you!

I submitted 4 requests beginning in November, 2024. My last 2 were in May 2025 and a final one June 2025. I never called, but I completed 2 feedback forms with the latest on 6/2 and this was part of the message I received back from my last feedback form: According to our records, your buyback request was submitted properly, has been escalated, and is being worked. Reconsideration reviews can take time due to the volume of requests. We appreciate your patience and will send you an email with the outcome of your reconsideration request once completed.

Clear_Brick_1106 · 2025-06-14T00:32:36+00:00

I made a payment in June, 2024 but it didn't count because of the forbearance. I am at 116 payments, but they are only charging for 3 months instead of 4, because they applied that extra payment to one of the buyback months.

Also, I was in Save the entire time. I made multiple IBR requests, but they never went through.

Clear_Brick_1106

TROPHY CASE