PSLF Employee Certification Form – A PSLF form can be used to report payments to the Social Security Administration, or the IRS, that you make to pay for pensions as well as other benefits. It is simple to fill in and will save you both time and cash. It includes sections such as employer information, payments that contribute to PSLF and recertification of the employment.
Payouts that count towards PSLF
Any type of payment is eligible for PSLF, even the federal student loan or repayment plans. To be eligible for the program you must have made at least 120 qualifying payments in the past ten years. To ensure that you’re making eligible payments Set up automatic debits.
PSLF was earlier subject to a set of payments and repayment plans. However the federal government has increased its eligibility criteria by allowing late payments to be accepted as a requirement of the program. PSLF allows more types of loans and repayment plans in the new rules. Jon Toppen is Director at MEA UniServ and is the instructor for training on how to get PSLF eligibility.
Individuals who have been granted a deferment under Economic Hardship Deferment also qualify for the PSLF program. If you took out these loans prior to January 1st, 2013, your they will count towards PSLF. Previously, only payments for federal student loans through the Federal Family Education Loan program could count towards PSLF.
PSLF technically qualifies Direct Parent Plus loans, as long as the parent is employed in an eligible position. Parental benefits are not available through PSLF cannot be obtained when the Direct Parent Plus Loan can’t be converted into the Federal Direct Consolidation Loan.
Recertifying employment
In order to apply for the PSLF loan forgiven program, it is important that you certify your employment using the PSLF form. The program demands that borrowers were employed by a public agency or a non-profit organization for at least a years for them to be eligible. Additionally, they must make 120 loan-related qualifying payments in that time. Submitting the PSLF form to recertify employment is a requirement that you submit it to MOHELA. MOHELA will review it, and notify you of how many qualifying payments you have made.
If you are a member of the program for a year or you make a change in job, when you change jobs, the PSLF form must also be completed. This will verify your eligibility for the program. The loan will be transferred automatically to MOHELA, which is the agency responsible for managing the program. When you complete the application, any documents supporting your claim that prove you’re still working should be provided.
It is necessary complete the PSLF employment certification form with details about yourself, like your name and Social Security number. You are also asked to confirm any changes to the data by checking an option. Once you’ve completed this form, it is necessary to verify the legal acknowledgement box. This will ensure that the information is correct. It is also necessary to confirm and date the PSLF Employment Certificate Form, which will then be sent to the Department of Education.
You may recertify your employment status on the PSLF form in the event that you’re employed at an eligible public agency or public sector. Be aware that the form may affect your PSLF payments. This is true for late partial payments or lump sum payment as well as PSLF payments. It doesn’t matter if you are employed in a public sector, private enterprise or other kind of job, the PSLF application has to be submitted prior to the date of the deadline to qualify for PSLF.
Download PSLF Employee Certification Form
Gallery of PSLF Employee Certification Form
