PSLF Employment Requirements

PSLF Employment Requirements – PSLF form PSLF form is one form which you have to complete in order you can be eligible for the public service the Loan Repayment Program. The PSLF is an option that permits you to be granted loan forgiveness within 10 years after you have served. When you are eligible to join this program, you need to work full-time for a qualified employer and make 120 on-time payments.

If you’re confused about what is an employer that is qualified, below are some items you can consider:

-Your government employer

It is a 501(c)(3) non-profit organization

A non-profit, public health care provider

-An AmeriCorps or Peace Corps volunteer service

When do I need to File For PSLF Employment Requirements?

You can qualify to file for PSLF If you hold one of the loans that qualifies and you’ve made 120 qualifying payment on the loan. It’s possible to apply for PSLF after making only 10 qualifying loans, however, you must submit a request for it at the beginning of the 10th year of the repayment period.

There’s no need to make an application for PSLF in the first month of the repayment period. You can wait until having made 120 payments before filing for it.

Download PSLF Employment Requirements