Applying to GS-12 Before Officially Earning PhD?

Hi! I’m interested in applying to a GS-12 position that requires either one full year of GS-11 experience (which I do not have), possess a PhD, or “possess an equivalent combination of graduate level education and experience”. I am about to file around the end of January so I don’t officially have my PhD yet, but I believe I am qualified and would have it by the time I would likely start. Would I still be eligible to apply? Applying to PhD-level roles before filing typically isn’t an issue in my field for graduating students, but for a federal application, am I overthinking the technicalities? Thanks!

edit: included the quote about the combination of graduate education and experience, which I’m not sure if they mean specifically federal experience.