PSLF Certification Form – You use a PSLF to report any payments you make to the Social Security Administration or the IRS to cover the costs of pensions as well as other benefits. It’s not hard to complete, and it can help you save time and money. There are numerous sections to the form, including details regarding your employer, the details of your payment that count towards PSLF as well as recertifying your work.
The payments count towards PSLF
PSLF will count any type payment that is made, including those that are part of the federal student loan repayment programs. To be eligible for the program you must have made at least 120 qualifying payments within the last ten year. Set up automatic debit payments to make sure that you receive the qualifying payments.
Prior to this, PSLF required the right kind of repayment and payment plans. But recently, the federal government has extended the eligibility requirements of the program by accepting late payments starting beginning in 2007. The new changes also expand the repayment plans and the types of loans PSLF will take. Jon Toppen, Director of MEA UniServ offers training to members about how to apply for PSLF.
Individuals who have been granted a deferment under Economic Hardship Deferment also qualify for the PSLF program. If the loans were made before January 1, 2013, the loans are counted toward PSLF. Prior to 2013, only payments made for federal student loans under the Federal Family Education Loan program could count towards PSLF.
Direct Parent Plus Loans are technically eligible for PSLF in the event that the parent is employed in an employment that is eligible. Benefits for parents 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
The first step in applying for PSLF loan forgiveness is the recertification of employment using the PSLF form. To be eligible for the program, borrowers must have been employed for at least 10 consecutive years with an employer of public interest, such as a government agency or non-profit. Also, they must make a qualified loan payments in this period. MOHELA will review the PSLF Form and informs the borrower of the number of loan repayments that qualify for a loan they have made.
Every year, or when your job is changed If your job is changed, you need to fill out the PSLF Form. This will help ensure that you are eligible for the program and immediately transfer the loan to MOHELA which is the organization that administers the program. After you have completed the form , you’ll have to provide supporting documents to prove that you’re still employed.
You’ll need complete the PSLF Employment certification form with your personal information, including your name, address and Social Security number. It also asks you to confirm any changes made to the details. After you’ve completed the form, you’ll be required to sign a legal acknowledgment box to verify that the information is correct. The PSLF Employment Certification Form has to be completed and signed by you. The form will be addressed directly to the Department of Education.
If you’re employed in an agency of government that is qualified or public service or public service agency, the PSLF can allow you to renew your employment status. The form could affect the amount of your PSLF payments. Also, it affects late partial payments, lump sum and PSLF payments. For PSLF eligibility, you will need to complete the PSLF Form by the time of the deadline.
Download PSLF Certification Form
Gallery of PSLF Certification Form
