No. You must make 120 separate monthly payments. Lump sum payments that exceed the scheduled
payment amount do not count as separate payments. There is a limited exception to this requirement
for Peace Corps and AmeriCorps volunteers.

If you make a payment that exceeds the scheduled payment amount, and the excess amount is equal
to or greater than your scheduled monthly payment, the excess amount will be treated as being
intended to cover one or more future payments unless you request that the excess amount not be
treated as being intended for future payments. Depending on the size of the excess payment, it is
possible that your next due date could be a month or more in the future from the date you made the
extra payment amount. If you make subsequent payments while your account is “paid ahead”, those
payments will not count toward PSLF.

If you request that your extra payment amount not be applied to future scheduled payments, the
excess amount will not advance the due date of your next scheduled payment, and any subsequent
monthly payments you make (if otherwise qualifying) will count toward the required 120 payments.

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