Public Service Loan Forgiveness Qualification Form – This PSLF form is the form that you have to complete to participate in the Public Services the Loan Repayment Program. The PSLF is an initiative that allows you to get your loans repaid upon completion of 10 consecutive years. To be eligible for this program, you need to perform full-time work for a qualifying employer and make 120 on-time payments.
If you’re confused regarding what qualifies as an employer with a qualified status, these are the items that meet the criteria:
-Your government employer
“A” stands for 501(c)(3) non-profit organization
-A non-profit or public health organization
-An AmeriCorps or Peace Corps volunteer service
When do I need to File For Public Service Loan Forgiveness Qualification Form?
You’re eligible to file for PSLF when you own a loan that is eligible and you have made 120 qualifying installments on that loan. You might be able to apply for PSLF after only making 10 qualifying loans, however, you must submit a request for it during the first 10 years after the start of the repayment period.
You do not need to file for PSLF before the commencement of your loan period. You can wait until having made 120 payments prior to filing for it.
Download Public Service Loan Forgiveness Qualification Form
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