PSLF Temporary Waiver Form – The PSLF form permits you to report to the Social Security Administration (or the IRS) all payments you make in order to pay for pensions or other benefits. It’s easy to fill out and can reduce time and money. It has various sections, including employer details, payments that count towards PSLF, and recertifying employment.
Payments that count toward PSLF
Any kind of payment could count towards PSLF including federal student loans or repayment plans. You must have received minimum 120 qualifying payments within the past ten years to be qualified for this program. Set up automatic debits to make sure you’re receiving qualified payments.
PSLF had previously required certain types of payments and repayment plans. However, the federal government has recently enhanced the eligibility requirements. PSLF will now accept late payments beginning in 2007. PSLF will now accept more kinds of repayment plans and loans with the new changes. Jon Toppen is Director at MEA UniServ and is the instructor for training on how to obtain PSLF eligibility.
For those who have been granted a deferment from the Economic Hardship Deferment, PSLF is also accessible. If the loans were made before January 1st of 2013, the repayments from them will count towards PSLF. Prior to January 1, 2013, only federal student loans from the Federal Family Education Loan Program would be eligible for PSLF.
PSLF can technically be used for Direct Parent Plus Loans, as long as the parent holds a job that qualifies. Parental benefits from PSLF can’t be obtained when the Direct Parent Plus Loan can’t be converted to the Federal Direct Consolidation Loan.
Recertification of employment
An essential step to apply for PSLF loan forgiveness program is recertification of employment using the PSLF form. The program requires that applicants have been employed by a public agency or non-profit for at least 10 years in order to be eligible. Additionally, you must make a 120 qualified loan payments during this time. MOHELA will review the PSLF Form and will notify the borrower the amount of qualifying loan repayments they have made.
Each year, or when you make a change in jobs or a change in your job, when you change jobs, the PSLF form needs to be completed. This will allow you to be eligible for this program. MOHELA will then transfer the loan. Once you have submitted the application, you’ll need to submit supporting documents to prove that you’re still employed.
The PSLF employment certification form requires you to supply personal information like your name, Social Security number, date of birth and address, as well as your phone number and email address. The form also requires you to confirm any changes to the information by checking a box. After you’ve completed the form you will be asked to sign a legal acknowledgement to ensure that the information you have provided is accurate. The PSLF Employment Certification Form must be signed and dated by you. This form is sent directly to the Department of Education.
If you’re employed by a government agency that meets the requirements or public service, the PSLF can allow you to renew your status as an employee. Be aware that the form can affect your PSLF payments. This applies to late partial payments and lump sum payments as well as PSLF payments. You have to complete the PSLF form regardless of whether or not your employer is a public or private business.
Download PSLF Temporary Waiver Form
Gallery of PSLF Temporary Waiver Form
