Public Student Loan Forgiveness PSLF Employment Certification Form – The PSLF is a form you use to report PSLF to submit any payments you have made to the Social Security Administration or the IRS to cover the cost to pension and other benefits. It’s easy to fill out and could reduce time and cash. This form includes several sections, including information about the employer, payments which count towards PSLF, recertifying employment, and payment details.
PSLF payments that are deemed to be a part of the PSLF
Any kind of loan is eligible for PSLF, even federal student loans or repayment plans. In order to be eligible for the program, you must have made at least 120 qualifying payments within the last ten year. To ensure that you’re making eligible payments make sure you set up automatic debit payments.
PSLF was previously a requirement to make the right kind of payments and have an arrangement for repayment. But, more recently, the federal government expanded the eligibility requirements to include late payments starting in 2007. The new changes also expand the repayment options and the types of loans PSLF will accept. MEA UniServ Director Jon Toppen leads trainings for members on how to be eligible for PSLF.
People who have been granted a deferment through the Economic Hardship Deferment Program may also avail the PSLF program. Loan payments will be counted towards PSLF when you received them prior to January 1, 2013. Prior to January 1 2013, only federal student loans through the Federal Family Education Loan Program are eligible to be considered for PSLF.
Direct Parent Plus Loans are technically qualified for PSLF as long as the parent has an eligible job. The parent won’t be qualified for PSLF if the Direct Parent Plus Loan is not converted into the Federal Direct Consolidation Loan.
Recertifying employment
The PSLF loan forgiveness program requires you to have renewed your certification of employment. The program demands that borrowers are employed by a public agency or a non-profit organization for at least a year for them to be qualified. Additionally, they must make 120 qualifying loan payments during that time. To recertify employment with the PSLF form, you must provide it to MOHELA. They will examine it and tell you how many qualifying loans payments were made.
The PSLF must be completed every year. This ensures that you’re eligible to participate in the program. Also it will transfer the loan to MOHELA who manages the program. After you submit the form, all supporting documents should be provided to prove that you are currently employed.
The PSLF employment certification form requires you to provide personal information, including the name of your child, Social Security numbers, birth date address, telephone number email address, as well as the date of birth. You will also be asked to confirm any changes you have made to the details. Once you’ve completed the form, you will have to check the box to affirm that the information is correct. Lastly, you must sign and date the PSLF employment certification form which is sent to the Department of Education.
As long as your employment is at a government agency or public service, it is possible to confirm the status of your employment on the PSLF form. This form can affect your PSLF payments as also late partial payments as well as lump sum payment. If you’re employed by an organization that is a public service or a private enterprise, you’ll need to complete the PSLF form before the deadline to qualify for PSLF.
Download Public Student Loan Forgiveness PSLF Employment Certification Form
Gallery of Public Student Loan Forgiveness PSLF Employment Certification Form
