Employer Certification Form PSLF – A PSLF form is used to report payments to the Social Security Administration, or the IRS which you pay to cover the cost of pension as well as other benefits. It’s very simple to complete and will help you save time as well as money. There are several sections to the form, including information regarding your employer, the details of your payment that are counted towards PSLF and the re-certification of your work.
The payments count towards PSLF
Any kind of payment can count towards PSLF, even federal student loans or repayment plans. You must have had at least 120 qualifying payment within the past ten years to be qualified for this program. Auto-debit payments are the best way to make sure that you are making qualified payments.
PSLF used to require the right amount and type of repayments. However the federal government has recently extended the eligibility requirements for the program, allowing late payments from 2007 onwards. PSLF will now accept more kinds of repayment plans and loans as a result of the changes. MEA UniServ Director Jon Toppen leads trainings for members on how to be eligible for PSLF.
If you have received a deferment from the Economic Hardship Deferment, PSLF is also available. If you received the loans prior to January 1st, 2013, the they will count towards PSLF. PSLF was prior to that it was limited to payments for federal student loans under the Federal Family Education Loans Program.
PSLF is technically accessible to Direct Parent Plus Loans so provided that the parent has an occupation that is qualified. Parent cannot receive PSLF benefits in the event that the Direct Parent Plus Loan has been converted to the Federal Direct Consolidation Loan.
Recertification of employment
Recognizing employment on the PSLF form is a crucial procedure to apply for the PSLF loan forgiveness program. To be eligible for the program, borrowers must work for a public interest employer, like a government agency or nonprofit, for at least 10 years. Furthermore, they must have made 120 loan-related qualifying payments in that time. To renew employment, using the PSLF form, you need to submit it to MOHELA. They will go through it and inform you the amount of qualifying loan payments have been made.
The PSLF must be completed every year. This will enable you be eligible for the program. It also transfers the loan to MOHELA (the agency that manages it). Once you’ve submitted the form and have completed the required paperwork, you’ll need to submit documentation to show that you’re still working.
The PSLF employment certification form requires you to provide personal informationsuch as the name of your child, Social Security numbers, birth date address, telephone number, email address, and the date of birth. The form also asks you to confirm any changes made to the details. Once you’ve completed your form, you’ll be required to tick a legal acknowledgement box to certify the accuracy of the information. Also, you must sign and date the PSLF Employment Certificate Form, that will be then sent to Department of Education.
You can recertify your employment status by filling out the PSLF form, if you work for a qualifying public agency or service. This form may have an impact on your PSLF payments. Also, it affects late partial payments, lump sums, as well as PSLF payments. If you want to qualify to receive PSLF it is necessary to submit the PSLF form before the due date regardless of whether you’re employed in a private or public sector.
Download Employer Certification Form PSLF
Gallery of Employer Certification Form PSLF
