Temporary PSLF Form – The PSLF form lets you report to the Social Security Administration (or the IRS) all payments you make to pay for pensions or other benefits. It’s easy to fill out, and it can save you time and money. It contains sections like employer information, payments that contribute to PSLF and the recertifying of the employment.
Payouts that count towards PSLF
PSLF includes payments from any kind of payment. This includes federal student loans, repayment plans and other types. You must have made minimum 120 qualifying payment within the last ten years to be qualified to participate in this program. Automated debit payments are the most efficient method to ensure that you are making qualified payments.
Previously, PSLF required the right type of payment and repayment plans, but recently, the federal government has increased the eligibility requirements for the program, accepting late payments from 2007 onward. PSLF’s loan acceptances as well as repayment options have been widened by the new changes. Jon Toppen, Director of MEA UniServ, leads trainings for members on how to apply for PSLF.
For those who have received a deferment from the Economic Hardship Deferment PSLF is also available. If you have had these loans prior to January 1st of 2013, the payments you made towards PSLF will be counted. PSLF used to be limited to payments made for federal student loans under the Federal Family Education Loans Program.
PSLF eligibility is technically possible in Direct Parent PLUS Loans provided the parent has a qualified job. Parent cannot receive PSLF benefits unless the Direct Parent Plus Loan has been converted into an Federal Direct Consolidation Loan.
Recertification
It is vital to confirm employment in the PSLF application form in order to be eligible to participate in the PSLF loan cancellation program. Borrowers must be employed by an employer that is in the public sector for at least 10 years to be eligible to participate in this program. In addition, they must make 120 loan-related qualifying payments in the period. In order to submit the PSLF form to recertify your employment is a requirement that you send it to MOHELA. MOHELA will review it and inform you of the number of qualifying payments you’ve made.
If you are a member of the program for a year or you change jobs and you are relocating, when you change jobs, the PSLF form should also be completed. This will enable you be eligible to participate in the program. The form will also transfer the loan to MOHELA (the agency that administers it). After submitting the form, all supporting documents have to be submitted to prove that you are working.
You will need complete the PSLF Employment certification form with personal information, such as your name and Social Security number. It also asks you to confirm any changes made to the information you provide by ticking the box. Once you’ve completed the form, you will be asked for legal acknowledgement to confirm that the information you have provided is correct. Then, you must sign and date your PSLF employment certificate form. It will be sent to the Department of Education.
You can recertify employment status by filling out the PSLF form, provided you work in a qualifying public service or agency. This form can impact the amount of your PSLF payments as well as late partial payments as well as lump sum payment. No matter if you work in a public service or private company, or any other type of employment, the PSLF application has to be submitted before the deadline in order to be eligible for PSLF.
Download Temporary PSLF Form
Gallery of Temporary PSLF Form
