Employee Certification Form PSLF – The PSLF form lets you submit to the Social Security Administration (or the IRS) the amount of payments you make to pay for pensions or other benefits. It’s not hard to fill out, and could help you save time and cash. The form has various sections. This includes information about the employer, payment information that count towards PSLF, as well as the process of recertifying the employment.
PSLF-compliant payments
PSLF will count any type payment made, including those that are part of the federal student loan repayment programs. To be eligible you must make at the minimum of 120 qualifying monthly installments in the last 10 years. You can set up automatic debit payments to ensure you have made the eligible payments.
In the past, PSLF required the right kind of repayment and payment plans. However, recently, the federal government has extended the eligibility requirements of the program, accepting late payments from 2007 onward. PSLF’s loan acceptances as well as the options for repayment have been widened by the new changes. Jon Toppen, Director of MEA UniServ provides training to members on the application process for PSLF.
The PSLF program is also accessible to those who have received a deferment under the Economic Hardship Deferment program. If you took out these loans prior to January 1, 2013, they will count towards PSLF. Prior to January 1st 2013 only federal student loans from the Federal Family Education Loan Program are eligible to be considered for PSLF.
PSLF is technically suitable for Direct Parent Plus Loans provided that the parent is employed in an occupation that qualifies. Parents can benefit are not available through PSLF are not available when the Direct Parent Plus Loan can’t be converted to a Federal Direct Consolidation Loan.
Recertification of employment
In order to apply to the PSLF loan forgiven program, it’s essential that you certify your employment using the PSLF form. To be eligible for the program, borrowers must be been employed for a minimum of 10 consecutive years with an employer of public interest, such as a public agency or nonprofit. Furthermore, they need to have completed at least 120 qualifying loan repayments during this period. Submitting the PSLF form to recertify your employment requires that you send it to MOHELA. MOHELA will review it and inform you of how many qualifying payments you have made.
Every year, or whenever you change jobs and you are relocating, or if you have a change of job, PSLF form must also be completed. This will make sure that you are eligible to participate in the program. It will also automatically transfer the loan to MOHELA which is the agency who manages the program. Once you’ve completed the application, you need to attach any supporting documentation that shows you are still employed.
The PSLF employment certification form requires you to provide details about yourself, such as your name, Social Security numbers, birth date address, telephone number, email address, and date of birth. In order to confirm any changes, you will be asked to check a box. After you’ve completed the form, it is necessary to go through the legal acknowledgement box. This will ensure that the information is correct. Finally, sign and date your PSLF Employment certificate form. It will be sent to the Department of Education.
Recognizing your employment status can be completed on the PSLF Form, as long as you are employed in a qualified public service or government agency. This form could affect your PSLF payments as well as late partial payments and lump sum payments. No matter if you work in a public sector, private enterprise or other kind of job it is important to note that the PSLF application must be completed before the deadline in order to be eligible for PSLF.
Download Employee Certification Form PSLF
Gallery of Employee Certification Form PSLF
