PSLF Employment Certification Forms – The PSLF form permits 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 can reduce time and money. This form includes several sections, including information about the employer payment information, which counts towards PSLF and recertifying employment and payment information.
Payouts that are counted towards PSLF
PSLF will count any type payment that is made, even those made through federal student loan repayment plans. In order to be eligible for the program you must have completed at most 120 qualifying payments in the last ten years. It is possible to set up auto debit payments to ensure you are making qualified payments.
In the past, PSLF required the right type of payment and repayment plans, but recently, the federal government has increased the eligibility requirements for the program and accepted late payments beginning in 2007. PSLF will now accept more kinds of repayment plans and loans with the new changes. MEA UniServ Director Jon Toppen leads trainings for MEA members on how they can qualify for PSLF.
The PSLF program is also accessible to people who were granted a deferment through the Economic Hardship Deferment program. The loans you receive be counted towards PSLF if they were received prior to January 1st January 1, 2013. Before January 1st 2013, only federal student loans through the Federal Family Education Loan Program are eligible to be considered for PSLF.
PSLF can be used in Direct Parent PLUS Loans, provided the parent has a qualified job. Benefits for parents from PSLF can’t be obtained in the event that the Direct Parent Plus Loan can’t be converted into an Federal Direct Consolidation Loan.
Recertification of employment
Recertifying employment on PSLF form is a vital step in applying for the PSLF loan forgiveness program. The program requires that applicants have been employed by a government agency or a non-profit organization for at least a year in order to be eligible. Additionally the borrower has to have made at least 120 eligible loan payments during that period. It is necessary to fill out the PSLF form to confirm your employment. MOHELA will then review the form and inform the borrower how many qualifying loan payments they’ve made.
If you are a member of the program for a year or you have a change of job and you are relocating, the PSLF form should also be submitted. This will make sure that you’re eligible for the program. Additionally, it will transfer the loan to MOHELA which manages the program. Once you’ve submitted the form and have completed the required paperwork, you’ll need to submit supporting documents that prove you’re still working.
To get the PSLF employment certification the applicant must give your personal details. This includes the name of your employer, Social Security Number, date of birth and address. The form also asks you to confirm any changes made to the information. After you have completed the form, you’ll have to check an option to confirm that the information you entered is accurate. Finally, you have to complete and date the PSLF employment certification form that will be delivered to the Department of Education.
Recertifying your employment status can be done on the PSLF Form as long as you work in a public service that is qualified or government organization. Keep in mind that this form may affect the payment of PSLF payments, late partial payments, as well as lump sum payment. To ensure PSLF eligibility, you’ll have to fill out the PSLF Form by the time of the deadline.
Download PSLF Employment Certification Forms
Gallery of PSLF Employment Certification Forms
