Public Service Loan Forgiveness PSLF Form – The PSLF form lets you provide the Social Security Administration (or the IRS) any payments that you make to pay for pension or other benefits. It’s easy to fill out and can save you time as well as money. The form has many sections, including Employer information, Payments which count towards PSLF and recertifying employment.
PSLF payments that are deemed to be a part of the PSLF
PSLF counts payments from any kind of payment. This includes federal student loans as well as repayment plans, among other kinds of payments. For the program to qualify you must have completed at least 120 qualifying payment in the last ten years. You can set up auto debits to make sure you have made the eligible payments.
PSLF had previously required certain types of loans and repayment plans. But the federal government recently enhanced the eligibility requirements. It will accept late payments beginning in 2007 PSLF now accepts loans of any kind and repayment conditions. Jon Toppen from MEA UniServ provides training to help members qualify for PSLF.
The PSLF program is also open to those who have had a deferment in the Economic Hardship Deferment program. If you were granted these loans prior to January 1st, 2013, your you will be eligible for PSLF. PSLF was previously available only for federal student loans that are made under the Federal Family Education Loans Program.
PSLF is technically available for Direct Parent Plus Loans, as long as the parent holds an occupation that is qualified. Parent cannot receive PSLF benefits unless the Direct Parent Plus Loan has been converted into the Federal Direct Consolidation Loan.
Recertification of employment
Recognizing employment on the PSLF form is an essential requirement for submitting an application to the PSLF loan forgiveness program. To be eligible for the PSLF loan forgiveness program to be considered valid the borrowers have to have worked for an organization of public interest like a government agency or non-profit organization for a minimum of 10 years. In addition, they must have made at least 120 loan repayments that qualify for the program during this time. The submission of the PSLF form for recertifying employment is a requirement that you provide the form to MOHELA. MOHELA will review the form and let you know how many qualifying payments you have made.
The PSLF must be completed every year. This will make sure that you qualify for the program and instantly transfer the loan to MOHELA, the agency who manages the program. Once you have completed the application, you’ll need submit additional documents to show that you are still working.
The PSLF employment certification form requires you to submit personal informationsuch as your name, Social Security numbers, birth date address, telephone number, email address, and the date of birth. The form asks you to check a box for any modifications to this information. After you have completed the form you’ll be required to check a box to acknowledge that the information has been accurate. Then, you must sign and date this PSLF employment certificate form. It will be forwarded to by the Department of Education.
As long as your employment is at a government agency or public service, it is possible to recertify the status of your job on the PSLF form. It is important to note that this form can influence the amount of your PSLF payments. This includes late partial payments or lump sum payment as well as PSLF payments. To be eligible to receive PSLF you must complete the PSLF form before the due date regardless of whether you’re employed in a private or public sector.
Download Public Service Loan Forgiveness PSLF Form
Gallery of Public Service Loan Forgiveness PSLF Form
