Is There A Grandfather Clause For PSLF – Form PSLF PSLF form is a form that you have to fill out in order to get the Public Service Grant Forgiveness program. The PSLF is an option that permits you to be granted loan forgiveness after 10 years of service. In order to be eligible this program, you need to perform full-time work for a qualifying employer and pay 120 on-time payments.
If you’re still not certain regarding what qualifies as an employer that qualifies, here are some suggestions that count:
-Your government employer
-A 501(c)(3) non-profit organization
-An un-profit or public health organization
-An AmeriCorps or Peace Corps volunteer service
When do I need to file for Is There A Grandfather Clause For PSLF?
You’re eligible to apply for PSLF for those who have an eligible loan and have made 120 qualifying payment on the loan. You may be eligible to file for PSLF by making just 10 qualifying loans, however, the application must be filed prior to the 10 years that begin the repayment period.
You do not have to make an application for PSLF from the very beginning of your repayment period. You can wait until you’ve made 120 installments before filing for it.
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