PSLF Employment Certification Form PSLF – The PSLF form allows you to provide the Social Security Administration (or the IRS) the amount of payments you make in order to pay for pension or other benefits. It is very easy to fill out and will reduce time as well as money. The form contains several sections, including Employer information, payment details that count towards PSLF and the re-certification of employment.
Payments that count toward PSLF
PSLF takes into account payments made from any kind of payment. This includes federal student loans or repayment plans as well as other types. It is necessary to have 120 eligible payments over the past 10 years in order to qualify for the program. The best way to ensure that you’re making the required payments is to establish automatic payments.
PSLF was previously required to accept certain types of loans and repayment plans. But the federal government has recently enhanced the eligibility requirements. PSLF will now accept late payments beginning in 2007. The new rules also broaden the repayment plans and types of loans that PSLF will take. Jon Toppen from MEA UniServ leads trainings that help members get accepted into PSLF.
PSLF can also be accessed for those who have received a Deferment under the Economic Hardship Deferment. These loans payments count towards PSLF when they were made prior to January 1st 2013. PSLF was previously available only for federal student loans that are made under the Federal Family Education Loans program.
PSLF is technically accessible for Direct Parent Plus Loans as in the event that the parent is employed at a job that qualifies. The parent will not be eligible to apply for PSLF in the event that the Direct Parent Plus Loan is not converted into an Federal Direct Consolidation Loan.
Rectifying employment
The PSLF loan forgiveness program requires you to have recertified your employment. To be eligible for the program, borrowers must work for a public interest employer, such as a government agency or nonprofit for a minimum of 10 years. Additionally, they must make 120 loan qualifying payments during that time. In order to recertify your employment with the PSLF form, you need to provide the form to MOHELA. They will go through the form and notify you of the amount of qualifying loan payments were made.
If you are a member of the program for a year or you make a change in jobs and you are relocating, when you change jobs, the PSLF form should also be filled out. This will ensure that you qualify for the program and will instantly transfer the loan to MOHELA which is the agency who manages the program. After you’ve completed the form and submitted it, you must include any documentation that shows you’re employed.
In order to complete the PSLF employment certificate, you will be asked to provide personal information like your name, Social Security number and the date of birth. The form also asks you to check an option for any modifications to the information. Once you’ve completed your form, you’ll be required to check a legal acknowledgment box to certify the accuracy of the information. Finally, sign and date the PSLF Employment certificate form. It will be sent to Department of Education.
If your job is in a government organization or public service, it is possible to confirm the status of your employment on the PSLF form. It is important to note that this form can impact your PSLF payments. This is true for late partial payments and lump sum payments as well as PSLF payments. If you’re employed by an organization that is a public service or a private enterprise, you’ll need to complete the PSLF form before the deadline to be eligible for PSLF.
Download PSLF Employment Certification Form PSLF
Gallery of PSLF Employment Certification Form PSLF
