PSLF For Non-profit Founders – Form PSLF PSLF form is a form which you need to complete to apply for the Public Service Grant Forgiveness program. The PSLF is an opportunity for you the forgiveness of your loans after 10 years of service. In order to be eligible the program, you must be employed full-time with a qualifying employer and make 120 on-time payments.
If you’re not sure about what is an employer that is qualified, there are a few things which are considered to be qualifying:
-Your government employer
–A 501(c)(3) non-profit organization
A public health care provider
-An AmeriCorps or Peace Corps volunteer service
What is the deadline to file for PSLF For Non-profit Founders?
You are eligible to file for PSLF If you hold an eligible loan and you make 120 qualifying payments on that loan. You could be eligible to apply for PSLF after having made just 10 qualifying payments, but you must submit a request for it in the initial 10 years following your repayment period.
You don’t have to file for PSLF prior to the start of your payment period. You can wait until after you’ve completed 120 payments before submitting for it.
Download PSLF For Non-profit Founders
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