PSLF Form Submission – The PSLF form can be used to report payments to the Social Security Administration, or the IRS the IRS, you make to cover the cost of pensions as well as other benefits. It’s very simple to fill out and can help you save time as well as cash. There are numerous sections to the form, which include information regarding your employer, details about payments that count towards PSLF as well as the re-certification of your job.
PSLF payments that are deemed to be a part of the PSLF
PSLF will consider any kind of payment made, even those from federal student loan repayment plans. To be eligible for the program, you must have made at minimum 120 qualifying payments over the last 10 years. Set up automatic debit payments to make sure that you receive qualifying payments.
In the past, PSLF required the right kind of repayment and payment plans, but recently, the federal government has increased the eligibility requirements for the program, accepting late payments from 2007 onward. PSLF will now accept more kinds of loans and repayment plans with the new changes. Jon Toppen, Director of MEA UniServ offers training for members on how to apply for PSLF.
Individuals who have received a deferment from the Economic Hardship Deferment Program are able to also access the PSLF program. If these loans were granted before January 1, 2013, the payments made from them will be counted towards PSLF. Prior to 2013, only payments made for federal student loans through the Federal Family Education Loan program will count towards PSLF.
Direct Parent Plus Loans are technically suitable to benefit from PSLF as long as the parent is employed in an eligible job. Parental benefits from PSLF are not available in the event that the Direct Parent Plus Loan can’t be converted into a Federal Direct Consolidation Loan.
Recertification of Employment
The PSLF loan forgiveness program requires you to have recertified your employment. To be eligible for the program, borrowers must have been employed for at least 10 consecutive years by a public-interest employer such as a government agency or a non-profit. In addition, the borrower must have made 120 qualifying loan payments within that period. MOHELA examines the PSLF Form and will notify the borrower about how many qualifying loan repayments they have made.
The PSLF must be completed every year. This will help you be eligible for the program. It also transfers the loan to MOHELA (the agency that runs it). After submitting the form, all the supporting documents should be provided to show that you are working.
The PSLF employment certification form asks you to provide personal information such as your name, Social Security number, date of birth, address, phone number, and email address. You are also asked to confirm any changes made to the data by checking the box. Once you’ve completed the form you will be asked to sign a legal acknowledgment to verify that the information provided is true and correct. Last, make sure you sign and date the PSLF Employment certification form. The form will be sent to the Department of Education.
As long as your employment is in a government organization or public service, it is possible to confirm the status of your job on the PSLF form. It is important to note that this form can impact your PSLF payments. This applies to late partial payments, lump sum payments, as well as PSLF payments. You have to complete the PSLF form regardless of whether or not your employer is public or private company.
Download PSLF Form Submission
Gallery of PSLF Form Submission
