What counts as qualifying payments for PSLF?
Qualifying repayment plans include all of the income-driven repayment (IDR) plans (plans that base your monthly payment on your income). While payments made under the 10-year Standard Repayment Plan are qualifying payments, you would have to change to an IDR plan to benefit from PSLF.
What is the difference between eligible and qualifying payments for PSLF?
Please note that an eligible payment becomes a qualifying payment when you certify your employment and all or part of your employment period is approved. Eligible payments periods that correspond to approved employment periods are also tracked as qualifying.
What are 120 qualifying payments?
You must make payments to cover 120 separate monthly obligations. Paying extra won't make you eligible to receive PSLF sooner. You may prepay, or make lump-sum payments, which would apply to future months, for up to 12 months, or when your next income-driven repayment (IDR) plan is due.
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Questions and Answers for Federal Student Loan Borrowers www ohe state mn us/ pdf /PSLF_FAQ pdf qualifying payments on your Direct Loans and also at the time you apply for loan Are loan amounts forgiven under PSLF considered taxable by the IRS?
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Table 2: Qualifying Relative Dependents - IRS apps irs gov/app/vita/content/globalmedia/table_2_dependency_exemption_relative_4012 pdf Note: The relatives listed in Step 2 are considered “Relatives who don't have to live with you” Note: To enter into TaxSlayer a qualifying relative who did not
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