Fedloan PSLF Certification Form – The PSLF form allows you to report to the Social Security Administration (or the IRS) all payments you make in order to pay for pensions or other benefits. It’s simple to fill out and can reduce time and money. It has sections that include employer information, payments that are counted towards PSLF and the recertifying of employment.
Payouts that count towards PSLF
Any kind of payment can count towards PSLF, even federal student loans or repayment plans. To be eligible for the program you have to have at least made 120 qualifying payments in the last 10 years. Set up automatic debit payments to be sure you are receiving the qualifying payments.
PSLF was prior to that, it was subject to certain repayment and payment plans. However, the federal Government has extended its eligibility criteria by allowing late payments to be accepted as a condition of the program. PSLF’s loan acceptances as well as repayment options have been expanded with the new rules. Jon Toppen, MEA UniServ Director, facilitates training sessions for members to assist them in obtaining PSLF.
If you have been granted a deferment from the Economic Hardship Deferment, PSLF is also accessible. If you received the loans prior to January 1st, 2013, your they will count towards PSLF. Previously, only payments for federal student loans under the Federal Family Education Loan program could count towards PSLF.
PSLF is technically qualified to receive Direct Parent Plus Loans provided that the parent is employed in an eligible occupation. Parents can only benefit from PSLF when their Direct Parent Plus Loans are converted into Federal Direct Consolidation Loans.
Recertification
The process of certifying employment on the PSLF form is a crucial procedure to apply for the PSLF loan forgiveness program. To be eligible for the PSLF loan forgiveness program to be valid, borrowers must be employed by an organization that is public in nature that is an agency of government or non-profit organizations for a minimum of 10 years. In addition, the borrower must have made a minimum of 120 qualified loan payments in the time frame. Submitting the PSLF form to recertify your employment is a requirement that you send the form to MOHELA. MOHELA will review the form and notify you of the number of qualifying payments you have made.
You have to fill out the PSLF form each year or whenever you change jobs. This will allow you to be eligible to be eligible for the program. MOHELA will then transfer the loan. After submitting the form, all supporting documents should be provided to prove that you are working.
The PSLF employment certification form requires you to submit personal information, including your name, Social Security numbers, birth date address, telephone number, email address, and date of birth. To confirm any changes to your personal information the form requires you to mark a checkbox. After you’ve completed the form, you’ll be required to sign a legal acknowledgment box to certify the accuracy of the information. Finally, you have to sign and date the PSLF employment certification form which is sent to the Department of Education.
You can recertify your employment status using the PSLF form, if you are employed in a qualified public service or agency. It is important to note that this form may influence your PSLF payments. This is true for late partial payments, lump sum payments, as well as PSLF payments. You have to complete the PSLF form regardless of whether your employer is a private or public firm.
Download Fedloan PSLF Certification Form
Gallery of Fedloan PSLF Certification Form
