PUBLIC SERVICE LOAN FORGIVENESS (PSLF): EMPLOYMENT CERTIFICATION FORM PSLF ECFOMB No. 18450110 Form Approved Exp. Date 5/31/2020 William D. Ford Federal Direct Loan (Direct Loan) Program PSECF XBCR.
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How to fill out the ED Public Service Loan Forgiveness (PSLF) & Temporary Expanded PSLF (TEPSLF) Certification online
The ED Public Service Loan Forgiveness (PSLF) Certification form is an essential document for borrowers aiming to secure loan forgiveness after fulfilling specific employment and payment criteria. This guide offers clear instructions on completing the PSLF & TEPSLF Certification form online to streamline the process and ensure your application is successfully submitted.
Follow the steps to accurately complete your PSLF Certification form online.
- Press the 'Get Form' button to access the PSLF Certification form and open it in the editor.
- In Section 1, provide your borrower information. Fill in your social security number, date of birth, full name, address, city, state, zip code, primary and alternate telephone numbers, and optional email address. If any details have changed, check the appropriate box.
- Proceed to Section 2. Read through the borrower authorizations, understandings, and certification before signing. Confirm your understanding of the PSLF eligibility criteria and authorize the relevant entities to disclose information concerning your employment to the Department of Education.
- Section 3 requires information about your employer, including their tax-exempt status, name, federal employer identification number, address, employment dates, and status. Ensure accurate details are provided as this section may need to be completed by both you and your employer.
- In Section 4, the employer certifies the accuracy of the information provided in Section 3. The authorized official from your employer must add their signature and relevant contact information.
- Review the instructions in Section 5, especially if you have made qualifying payments with multiple employers. Complete the form using dark ink and the specified date format.
- Lastly, return the completed form to the address indicated in Section 7. Keep a copy for your records. In case you need assistance, call the contact numbers provided.
- Once you've submitted the form, monitor for notifications regarding your application status and qualifying payments.
Complete your PSLF Certification form online today to take the next step toward loan forgiveness!
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Are my loans eligible for PSLF?
Eligible Loans Any loan received under the William D. Ford Federal Direct Loan (Direct Loan) Program qualifies for PSLF. Loans from these federal student loan programs don't qualify for PSLF: the Federal Family Education Loan (FFEL) Program and the Federal Perkins Loan (Perkins Loan) Program.
Can I apply for PSLF and teacher loan forgiveness?
Pursuing Teacher Loan Forgiveness and PSLF is possible Unfortunately, you can't double up on both forgiveness programs at the same time. In other words, your payments for Teacher Loan Forgiveness won't count as qualifying payments toward PSLF.
Does forbearance affect PSLF?
If you're working full-time for an eligible employer during the forbearance period, then each suspended payment counts toward PSLF. Additionally, unpaid interest won't be capitalized during or after the forbearance period, according to the U.S. Department of Education.
Will suspended payments count toward public service loan forgiveness PSLF?
suspended monthly payments will count toward Public Service Loan Forgiveness (PSLF) as if you continued to make regular monthly payments. You can think of them as $0 payments. You'll need to submit an Employment Certification Form to receive credit for your employment during the suspension of payments.
Is there an income limit for PSLF?
There are no income limits for the PSLF program. However, if your income is high relative to the balance of your student loans, you might not qualify for an income-driven repayment plan.
Does forbearance affect public service loan forgiveness?
6. Staying on a deferment or forbearance. When you are in deferment or forbearance, you don't get credit toward the 120 payments you need to qualify for PSLF. Every month you stay on deferment or forbearance, you're pushing back your forgiveness date.
Do graduate loans qualify for PSLF?
Like other Direct Loans, Direct PLUS Loans are eligible for PSLF. ... Note: PLUS loans made to graduate and professional students (as well as Direct Consolidation Loans that repaid PLUS loans made to graduate and professional students) may be repaid under any of the income-driven repayment plans.
What plans qualify for PSLF?
To maximize your PSLF benefit, repay your loans on the Income-Based Repayment (IBR) Plan, the Pay As You Earn Repayment Plan, or the Income Contingent Repayment (ICR) Plan, which are three repayment plans that qualify for PSLF. PSLF is best under IBR, Pay As You Earn, or ICR.
Do my loans qualify for PSLF?
Eligible Loans Any loan received under the William D. Ford Federal Direct Loan (Direct Loan) Program qualifies for PSLF. Loans from these federal student loan programs don't qualify for PSLF: the Federal Family Education Loan (FFEL) Program and the Federal Perkins Loan (Perkins Loan) Program.
What is considered a public service job for loan forgiveness?
If you work with a federal, state, local, or tribal government, you are eligible for the PSLF. This can be any role within the government organization - from assistant to mayor. You must be a full time employee of the government, so 1099 contractors don't count.
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