Public Service Loan Forgiveness Income Based Repayment Form – A PSLF form is an form which you need to complete in order to qualify for the Public Service Grant Forgiveness program. The PSLF is an initiative that allows you to be granted loan forgiveness upon completion of 10 consecutive years. For you to qualify for this program, you need to be employed full-time with a qualifying employer, and you must make on-time 120 payments.
If you’re confused whether you are a qualifying employer, then here are some suggestions that are eligible:
-Your government employer
The organization is 501(c)(3) non-profit organisation
A public health or non-profit health organization
-An AmeriCorps or Peace Corps volunteer service
When do I have to file for Public Service Loan Forgiveness Income Based Repayment Form?
You can qualify to file for PSLF in the event that you have the qualifying loan and can make 120 qualifying payments to that loan. You may be able apply for PSLF with only 10 qualifying loans, however, you must apply for it at the beginning of the 10th year of the repayment period.
There’s no need to declare PSLF at the beginning of your repayment period. You can wait until having made 120 payments before submitting for it.
Download Public Service Loan Forgiveness Income Based Repayment Form
Gallery of Public Service Loan Forgiveness Income Based Repayment Form
