Loan Forgiveness Calculator
Estimate your potential student loan forgiveness under PSLF, IDR, or Teacher programs.
Student Loan Forgiveness Estimator
See how much of your student loans could be forgiven and when
Understanding Loan Forgiveness Programs
Public Service Loan Forgiveness (PSLF)
After 120 qualifying payments (10 years) while working full-time for government or non-profit employers, your remaining balance is forgiven tax-free.
- Must have Direct Loans
- Must be on IDR plan or 10-year standard plan
- Employment must be with qualifying employer
- Forgiveness is tax-free
Income-Driven Repayment (IDR)
After 20-25 years of payments based on your income, remaining balance is forgiven. Plans include SAVE, PAYE, IBR, and ICR.
- Payments based on 10-20% of discretionary income
- Undergraduate loans: 20 years
- Graduate loans: 25 years
- Forgiveness currently tax-free through 2025
Teacher Loan Forgiveness
Teachers in low-income schools can receive up to $17,500 in forgiveness after 5 consecutive years of qualifying service.
- $17,500 for math, science, or special ed teachers
- $5,000 for other subject teachers
- Must teach at Title I eligible school
- Forgiveness is tax-free
Tips for Maximizing Forgiveness
- Submit PSLF form annually to track progress
- Consolidate into Direct Loans if needed
- Choose the lowest IDR payment option
- Recertify income annually for IDR
- Keep records of all payments and employment