Getting Extended Payment Plan Payments Counted PSLF – This PSLF form is the form which you have to fill out to apply for the Public Service The Loan Forgiveness Programme. The PSLF is program that allows you to receive your loans for free after 10 years of service. When you are eligible to join the program, you need to work full-time for a qualifying employer and pay 120 on-time payments.
If you are not sure which qualifies as a qualifying employer, then these are the things you can consider:
-Your government employer
A 501(c)(3) non-profit organisation
A non-profit, public health care provider
-An AmeriCorps or Peace Corps volunteer service
When do I need to File For Getting Extended Payment Plan Payments Counted PSLF?
You are eligible for PSLF only if you hold one of the loans that qualifies and you’ve made the required 120 payments on that loan. You might be able to file for PSLF when you’ve made 10 qualifying installments, but the application must be filed within the first 10 years of your repayment period.
You don’t have to declare PSLF in the first month of the repayment period. You are able to wait until you’ve completed 120 transactions before submitting your application.
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