PSLF Printable Form – It is used by a PSLF to declare any payments you make to the Social Security Administration or the IRS to pay the costs of pensions and other benefits. It’s very simple to complete and will help you save time as well as cash. It includes sections such as employer information, payments that contribute to PSLF and recertification of employment.
PSLF payments that count
Payments that count toward PSLF could be any kind of payment, which includes ones from federal student loans and repayment plans. You must have made at least 120 qualifying payments over the last 10 years to be eligible for the program. It is possible to set up auto debit payments to ensure you make qualified payments.
PSLF was previously subject to certain repayment and payment plans. However, the federal Government has expanded its eligibility requirements by accepting late payments as a condition of the program. PSLF will now accept more kinds of repayment plans and loans in the new rules. Jon Toppen is Director at MEA UniServ and is the instructor for training on how to obtain PSLF eligibility.
People who have been granted a deferment through the Economic Hardship Deferment Program can also access the PSLF program. The loans you receive be counted towards PSLF when you received them prior to January 1 2013. Prior to 2013, only payments made for federal student loans under the Federal Family Education Loan program would count toward PSLF.
Direct Parent Plus Loans are technically eligible to benefit from PSLF as long as the parent is employed in an employment that is eligible. The parent will not be qualified for PSLF if the Direct Parent Plus Loan is not converted into a Federal Direct Consolidation Loan.
Recertification
The PSLF loan forgiveness program requires that you been recertified as an employee. The program requires that applicants have been employed by a government agency or a non-profit organization for at least 10 years for them to be eligible. They also must make 120 qualified loan payments over that time. Recertifying employment on PSLF form requires submitting it to MOHELA and they will look over it and inform the borrower know how many qualifying loan repayments they’ve made.
Each year, or when you have a change of job, the PSLF form should also be filled out. This will ensure that you’re eligible for the program and instantly transfer the loan to MOHELA which is the organization who manages the program. When you complete the application, any supporting documents that show you’re still employed must be submitted.
You will need to fill in the PSLF employment certification form with your personal information, including your name, address and Social Security number. If you want to confirm any changes made, you will be asked to mark a checkbox. After you have completed the form, you’ll be required to verify the accuracy of the information selecting a checkbox. Last, sign and date this PSLF Employment certification form. It will be forwarded to the Department of Education.
You can recertify your employment status using the PSLF form, if you work in a qualifying public service or agency. The form could affect your PSLF payments. It also affects the late payment of partial or lump sums, as well as PSLF payments. You have to complete the PSLF form regardless of whether or not your employer is a private or public firm.
Download PSLF Printable Form
Gallery of PSLF Printable Form
