Employment Verification Form PSLF – A PSLF form can be used to record payments to the Social Security Administration, or the IRS the IRS, you make to pay for pension and other benefits. It’s simple to fill out and could help you save time and cash. The form has many sections. It includes information on the employer, information about payment which counts towards PSLF as well as the process of recertifying employment.
PSLF-compliant payments
PSLF takes into account payments made from any kind of payment. This includes federal student loans as well as repayment plans, among other types. To be eligible for the program you must have made at minimum 120 qualifying payments in the last 10 years. You can set up auto debits to ensure that you have made the qualifying payments.
PSLF was previously subject to certain repayment and payment plans. However the federal government has expanded its eligibility requirements by allowing late payment as a requirement of the program. PSLF now will accept loans of all kinds and repayment conditions. Jon Toppen, Director of MEA UniServ provides training for members on how to apply for PSLF.
Individuals who have been granted the deferment under the Economic Hardship Deferment may also be eligible for the PSLF program. If you’ve had these loans prior to January 1st, 2013, your payments towards PSLF will count. Prior to January 1st, 2013, only federal student loans through the Federal Family Education Loan Program would be eligible for PSLF.
PSLF eligibility is technically possible for Direct Parent PLUS Loans provided that the parent is employed in a qualified job. Parents cannot be eligible for PSLF benefits in the event that the Direct Parent Plus Loan has been converted to the Federal Direct Consolidation Loan.
Recertification
The first step in applying for PSLF loan forgiveness program is the recertification of employment using the PSLF form. To be eligible for the program, borrowers must have been employed for a minimum of 10 consecutive years with a public-interest employer like a government agency or non-profit. In addition, they must make 120 qualifying loan payments during that time. The submission of the PSLF form to recertify employment requires you to send it to MOHELA. MOHELA will review it, and let you know the number of qualifying payments you have made.
The PSLF form has to be completed each year or whenever you switch jobs. This will allow you to be eligible to participate in the program. It will also transfer your loan to MOHELA (the agency that runs it). After you have completed the form all supporting documents that prove that you’re still employed must be submitted.
The PSLF employment certification form asks you to provide personal information like your name, Social Security number, date of birth along with your address, telephone number, and email address. The form also asks you to confirm any changes you have made to the information. Once you’ve completed the form, you’ll be asked to tick a legal acknowledgement box to certify the information is accurate. Finally, you have to confirm and date the PSLF employment certification form that will be delivered to the Department of Education.
If you’re employed by an agency of government that is qualified or public service, the PSLF will allow you to renew your status as an employee. It is important to note that this form can influence your PSLF payments. This includes late partial payments or lump sum payment as well as PSLF payments. You must complete the PSLF form regardless of whether your employer is public or private company.
Download Employment Verification Form PSLF
Gallery of Employment Verification Form PSLF
