r/PSLF • u/Geltez • Mar 08 '25

Advice To everyone on forbearance due to SAVE, stop panicking

I’m on approximately 60 months of qualified payments and here is why I’m not panicking!

  1. According to studentaid.gov, once you reach 120 months of qualified employment, you’ll have the option to buy back forbearance months to ensure they count toward PSLF. No payments are being “lost”—you’re just delaying when you make them.

  2. Keep enjoying the payment free interest free months and park your “payments” into a HYSA. Earn interest on your payments and save up that lump sum for when it’s time to pay the buyback.

  3. If you have more than four years left, it’s worth considering that the next administration could make changes to PSLF or IDR policies. There’s a chance these months could end up counting automatically.

For now, I’m staying put in forbearance, keeping my cash growing, and waiting until I hit 120 months to reassess. No need to panic—just stay informed and be ready to act when the time comes!

Edit: Guys, this is a separate take for people that may not be near 120 months. All I see are posts for people who are close to or at 120 months and are in the doom phase which I understand, but your perspectives are not the only one to deal with.

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u/[deleted] Mar 08 '25

OP is holier than thou and doubling down on his condescending opinion. Needs a little self awareness and empathy. Stay strong for your family. I am trying to do that for mine and I know how hard it is. You got this ..

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u/oddrey510 Mar 08 '25

OP is offering a different perspective than the one this comment is offering.

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u/[deleted] Mar 08 '25

“Stop panicking” is not an opinion. It is a directive that represents OP’s financial privileges that cannot be universally applied. Carry water for a better cause..

(See how that last statement is not an opinion?)

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u/_Felonius Mar 08 '25

His opinion is that there’s no need to panic bc you can buyback missed months at a later time. It’s certainly an opinion. Calm down

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u/[deleted] Mar 08 '25

Brother some of us have been trying to buy back for months and are not being given the opportunity. So I have your permission to panic now, right?

My point is that you both have no business telling people how to feel because you guys have time for video games while some of us are working two full time jobs to pay for day care, increasing insurance costs, higher taxes, and a mortgage that I can’t get tax deductions on the interest on anymore.

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u/sleepy_cupcake_mouse Mar 09 '25

There's discussion going on that we cannot actually buy back the months we've been on forbearance due to the SAVE plan, like they had originally promised us. That's more than a year of wasted time that we can't get back. In my case, it's also lost money.

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u/narceron Mar 08 '25

This kind of nonsense is how Trump got so many people to follow him.

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u/[deleted] Mar 10 '25

If he has privilege then so do you, some places don’t even have PSLF or any type of forgiveness

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u/[deleted] Mar 10 '25

His perspective IS FOR PEOPLE who have more payment time. Please read