What Happens If I Miss A PSLF Payment – Form PSLF PSLF form is an application form that you must complete to qualify for the Public Service Loan Forgiveness Program. The PSLF is a program that allows you the forgiveness of your loans after 10 years of service. If you want to participate in this program, you need to work full-time for a qualifying employer, and you must make on-time 120 payments.
If you’re confused about what is a qualifying employer, then these are the things that can be considered qualifying:
-Your government employer
“A” stands for 501(c)(3) non-profit organization
A non-profit, public health care institution
-An AmeriCorps or Peace Corps volunteer service
What is the deadline to File For What Happens If I Miss A PSLF Payment?
You’re eligible to apply for PSLF if you have a qualifying loan and make 120 qualifying payments to that loan. It’s possible to file for PSLF after only making 10 qualifying payments, but you must submit a request for it at the beginning of the 10th year of the repayment period.
You do not have to apply for PSLF prior to the start of your payment period. You can wait until having made 120 payment before you file for it.
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