Education & Exams / Student Finance
Student Loan Forgiveness Estimator
Loan Details
Income & Family Size
Forgiveness Program
Forgiveness Programs Guide
PSLF Requirements:
- Work for government or 501(c)(3) nonprofit
- Make 120 qualifying payments (10 years)
- Have Direct Loans (consolidate if needed)
- Be on income-driven repayment plan
- Submit Employment Certification Form annually
IDR Forgiveness:
- Any employer qualifies
- 20 years for undergraduate loans
- 25 years for graduate loans
- Tax-free forgiveness as of 2021
Teacher Forgiveness:
- Teach 5 consecutive years at low-income school
- Up to $17,500 for math/science teachers
- Up to $5,000 for other teachers
- Cannot combine with PSLF for same period
Important: This is an estimate. Actual forgiveness depends on maintaining eligibility, submitting required forms, and program rules. Consult your loan servicer for personalized guidance.
Use this student loan forgiveness estimator to compute student finance results from your inputs.
Formula
Total payments made = Monthly payment × 12 × Forgiveness years Remaining balance = Original balance × (1 + interest rate)^years - Total payments Tax on forgiveness = Remaining balance × Tax rate Total cost = Total payments + Tax on forgiveness