PSLF For Parent Plus Loans – The PSLF form is the form that you must fill out in order to be eligible for the Public Service Invoice Forgiveness. The PSLF is an option that permits you to forgive your debts following 10 years’ service. In order to be eligible this program, you need to work full-time for a qualifying employer and pay 120 on-time payments.
If you’re uncertain regarding what qualifies as an employer that qualifies, below are some items that qualify:
-Your government employer
-A 501(c)(3) non-profit organisation
-An un-profit or public health organization
-An AmeriCorps or Peace Corps volunteer service
When do I have to File For PSLF For Parent Plus Loans?
You can qualify to file for PSLF If you hold a loan that is eligible and you have made 120 qualifying repayments on that loan. You may be able to apply for PSLF after making only 10 qualifying payments, however you must apply at the beginning of the 10th year of your repayment period.
There is no requirement to file for PSLF from the very beginning of your repayment period. You will have to wait until the completion of 120 transactions before submitting your application.
Download PSLF For Parent Plus Loans
Gallery of PSLF For Parent Plus Loans
