PSLF Employer Certification Form – You use a PSLF to declare any payments you make to the Social Security Administration or the IRS to pay the cost of pension as well as other benefits. It’s very simple to fill out and can reduce time as well as money. It has various sections. These include information about the employer, payment information which counts towards PSLF as well as recertifying employment.
PSLF payments that count
PSLF payments may be any kind of payments. This includes federal student loans and repayment plans. In order to be eligible for the program you must have made at least 120 qualifying payments in the last ten years. The best way to ensure that you’re making the required payments is to set up automatic payments.
PSLF had previously demanded that you have the proper payments and adhere to an arrangement for repayment. However, in recent times, the federal government expanded its eligibility criteria to accept late payments beginning in 2007. PSLF now accepts loans of all types and repayment conditions. Jon Toppen is Director at MEA UniServ and is the instructor for training on how to get PSLF eligibility.
Individuals who have received a deferment under Economic Hardship Deferment Program are able to also access the PSLF program. The loans they pay towards count towards PSLF if they were received before January 1 2013. PSLF was previously available for payments of federal student loans made through the Federal Family Education Loans program.
PSLF is technically qualified to receive Direct Parent Plus Loans if that the parent is employed in an eligible occupation. But until the Direct Parent Plus Loan is transformed into an Federal Direct Consolidation Loan, the parent is not eligible for PSLF.
Recertification of Employment
Recognizing employment on the PSLF form is a vital requirement for submitting an application to the PSLF loan forgiveness program. The borrower must be employed by a public sector employer for at least 10 years before they can be considered to participate in this program. In addition the borrower must have made at least 120 qualified loan payments in that time. Recertifying employment on PSLF form is to submit it to MOHELA and they will look over it and inform the borrower know how many qualifying loan repayments they’ve made.
The PSLF must be completed every year. This allows you to qualify to be eligible for this program. MOHELA will then transfer the loan. Once you have completed the application it is necessary to attach any supporting documents to prove that you’re still employed.
When filling out the PSLF employment certificate form, you will be asked to provide personal information like your name, Social Security number and date of birth. The form also asks you to verify any changes made to the information. After you have completed the form, you will be asked to confirm the accuracy of the information ticking a box. Also, you must complete and date the PSLF Employment Certificate Form which will then be sent to Department of Education.
Recertify your employment status by filling out the PSLF form, if you are employed in a qualified public service or agency. This form may have an impact on the amount of your PSLF payments. It also affects the late payment of partial or lump sum and PSLF payments. No matter if you work in a public sector or private business, or another type of employment it is important to note that the PSLF application must be filed before the deadline in order to be eligible for PSLF.
Download PSLF Employer Certification Form
Gallery of PSLF Employer Certification Form
