Thousands of borrowers trying to get their student loans forgiven through a relatively new buyback process have been forced to wait in a massive backlog of applications. In some cases, borrowers have had to wait for two years or longer as the Education Department slowly works through a huge queue of student loan forgiveness requests. But there are some indications that the process, and the wait, are improving.
PSLF Buyback offers borrowers the opportunity to make up for lost time for the Public Service Loan Forgiveness program. PSLF allows borrowers to discharge their student loans in as little as 10 years, or after making 120 qualifying…
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