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Back in 2012, when I left my finance job, I worried I had made a huge mistake. The money was good. The job provided decent status. But I was exhausted by the grind. So I did what any rational person would do when faced with a single, finite life: I chose a better lifestyle. It would have been completely illogical to keep staying miserable just to collect a paycheck, especially when the long-term health costs were becoming obvious. Still, walking away from a high-paying career without another job lined up is terrifying. Freedom always sounds better in theory than it…

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Key Points86,520 PSLF Buyback applications remain pending, with only 2,430 processed in January.At current decision speeds, the backlog would take nearly three years to clear, even without additional applications.For borrowers already eligible for PSLF, remaining in SAVE forbearance offers no additional benefit, and waiting costs valuable time. A new federal court filing (PDF File) shows that borrowers seeking Public Service Loan Forgiveness (PSLF) credit through the buyback process could face waits approaching three years under current processing speeds.The latest status report from the U.S. Department of Education reveals that 86,520 PSLF Buyback applications were still pending as of January 31,…

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