Student Loan Forgiveness Calculator
Estimate your income-driven repayment and Public Service Loan Forgiveness (PSLF) timeline. Compare standard vs IDR payments and see how much could be forgiven.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Forgiven Amount
$70,768.86
≈ 6 years of state college
How to Use This Calculator
- Enter your total student loan balance and interest rate.
- Input your current monthly income and family size to calculate income-driven repayment (IDR) eligibility.
- Compare Standard Monthly Payment vs IDR Monthly Payment to see your payment reduction.
- Review Months to Forgiveness and Forgiven Amount to understand what PSLF or IDR forgiveness could eliminate.
- Check Total Paid Under IDR versus total paid on standard repayment to evaluate the true cost of the forgiveness path.
How the result changes with Loan Balance
| Loan Balance | Forgiven Amount |
|---|---|
| $50,000.00 | $44,802.71 |
| $175,000.00 | $261,187.26 |
| $325,000.00 | $520,848.73 |
| $450,000.00 | $737,233.28 |
What each input means
- Loan Balance
- Total federal student loan balance.
- Interest Rate
- Weighted average interest rate on your loans.
- Monthly Gross Income
- Your gross monthly income before taxes.
- Family Size
- Number of people in your household (including yourself).
- Repayment Plan
- Standard is fixed 10-year; IDR adjusts payments based on income with forgiveness after 120 qualifying payments (PSLF).
Engine last updated . Checked against 1 independently-derived test — how we verify calculators.
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