Student Loan Forgiveness Calculator
Calculate your potential student loan forgiveness amount, monthly payments, and eligibility for income-driven repayment plans. Get personalized estimates for PSLF, IDR, and other forgiveness programs.
Step 1: Loan Details
Loan Information
Accurate loan details are crucial for calculating potential forgiveness amounts and eligibility for different forgiveness programs.
Step 2: Income & Program
About Student Loan Forgiveness
Public Service Loan Forgiveness (PSLF) requires 120 qualifying payments while working full-time for a qualifying employer. Income-Driven Repayment (IDR) forgiveness occurs after 20-25 years of payments.
Student Loan Forgiveness Calculation Results
Total Amount Forgiven
Program Eligibility & Requirements
Eligibility Requirements
For PSLF: Full-time employment with qualifying employer (government or 501(c)(3)), 120 qualifying payments under an IDR plan. For IDR forgiveness: 20-25 years of payments based on plan type.
Payment Schedule & Breakdown
Payment Calculation Formula
IDR Monthly Payment = (AGI – (150% × Poverty Guideline)) × 10% / 12
For REPAYE/PAYE: 10% of discretionary income. For IBR: 10-15% of discretionary income. Discretionary income = AGI minus 150% of poverty guideline for family size.
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