Can You Make Too Much Money For PSLF – The PSLF form is an application form you must fill out to apply for the Public Service Grant Forgiveness program. The PSLF is a program that allows to be granted loan forgiveness at the end of 10 years’ work. For you to qualify for this program, you need to work full-time for a qualifying employer and pay 120 on-time payments.
If you’re confused about what qualifies as an employer that qualifies, there are a few things that can be considered qualifying:
-Your government employer
• A 501(c)(3) non-profit organization
A non-profit, public health care institution
-An AmeriCorps or Peace Corps volunteer service
When do I need to file for Can You Make Too Much Money For PSLF?
You are eligible for PSLF if you have an eligible loan and have made 120 qualifying installments on that loan. It’s possible to file for PSLF by making just 10 qualifying payments. However, you must file for it at the beginning of the 10th year of the repayment period.
You do not have to submit a claim for PSLF before the commencement of your loan period. You are able to wait until you’ve completed 120 payments before filing for it.
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