Blank PSLF Form – A PSLF form can be used to document payments to the Social Security Administration, or the IRS, that you make to pay for pension and other benefits. It’s very simple to fill out and can save you time and money. It has sections that include employer information, payment amounts that contribute to PSLF and recertifying employment.
Payments that count toward PSLF
Payments that count toward PSLF can be any type of payment, which includes ones from federal student loans as well as repayment plans. In order to be eligible for the program, you must have at least made 120 qualifying payments over the last ten years. You can set up auto debit payments to ensure you make eligible payments.
PSLF was previously a requirement to make the right kind of payments and have an arrangement for repayment. But, recently the federal government widened the eligibility requirements to include late payments from 2007. PSLF’s loan acceptances as well as the options for repayment have been expanded by the new changes. Jon Toppen is Director at MEA UniServ and is the instructor for training on how to get PSLF eligibility.
Individuals who have been granted a deferment through the Economic Hardship Deferment Program may benefit from the PSLF program. If you took out these loans before January 1st, 2013, your payments will be counted towards PSLF. Prior to 2013, only payments made for federal student loans under the Federal Family Education Loan program would count toward PSLF.
PSLF is technically qualified for Direct Parent Plus Loans if that the parent works in a job that is eligible. Parents can benefit from PSLF can’t be obtained in the event that the Direct Parent Plus Loan can’t be converted to a Federal Direct Consolidation Loan.
Recertification of Employment
The process of certifying employment on the PSLF form is an essential requirement for submitting an application to the PSLF loan forgiveness program. Borrowers must work for an employer in the public sector for at minimum 10 years before they can be considered to participate in this program. Furthermore, they must have made 120 loan qualifying payments during the period. Submitting the PSLF form for recertifying employment is a requirement that you send the form to MOHELA. MOHELA will review the form and inform you of the amount of qualifying loans you have made.
Every year, or when your position changes You must fill out the PSLF Form. This will enable you be eligible for the program. It also transfers your loan to MOHELA (the agency that manages it). After you have completed the form all supporting documents that prove that you are still working must be provided.
The PSLF employment certification form requires you to provide personal information, including your name, Social Security numbers, birth date address, number of phone email address, as well as the date of birth. It also asks you to confirm any modifications to the information by checking a box. After completing the form, you’ll be required to verify the accuracy of the information by selecting a checkbox. It is also necessary to complete and date the PSLF Employment Certificate Form, that will be then sent to Department of Education.
Recognizing your employment status can be done using the PSLF Form, as in the event that you are employed in a public service that is qualified or government agency. This form will affect your PSLF payment, late partial payments, or lump sum payment. To be eligible to receive PSLF it is necessary to submit the PSLF application by the deadline regardless of whether or not you are employed in the public or private sector.
Download Blank PSLF Form
Gallery of Blank PSLF Form
