Student Loan Forgiveness Calculator

Public Service Loan Forgiveness forgives remaining Direct Loan balances after 120 qualifying payments while working full-time for a government or 501(c)(3) nonprofit employer. Forgiveness is tax-free.

After 20 or 25 years of payments on an income-driven repayment plan (IBR, PAYE, SAVE, ICR), any remaining balance is forgiven. The forgiveness may be taxable depending on the plan and year.

Yes. FFEL and Perkins loans must be consolidated into a Direct Consolidation Loan to qualify for PSLF. Consolidation restarts your payment count unless you qualify for a waiver.

These are estimates based on current balance and income. Actual forgiveness depends on future income changes, remaining balance at forgiveness, and program rules which may change.

Using the Student Loan Forgiveness Calculator is simple: visit the tool page, enter your data or input into the provided fields, and get instant results. Follow the controls on the page. Some functions require sign-in or a paid plan; see Pricing for limits.

The Free plan includes 10 tool uses per day. Some features require an account or a paid plan. Check the controls on the tool page and Pricing for the applicable limits.

The Student Loan Forgiveness Calculator returns results based on the inputs and the tool methodology. Check assumptions, units and source dates. Treat projections as estimates. For critical decisions, always consult a qualified professional.

Local calculations run in your browser. AI features, accounts, saved reports and external data requests use server services. Check the tool description and privacy policy for the relevant processing and storage.