Student Loan Forgiveness Calculator

Your details

PSLF is tax-free after 120 qualifying payments in a public-service job. IDR forgives any remaining balance after 20-25 years but may be taxable.
Total outstanding federal student loan principal.
USD
Your weighted-average federal loan interest rate.
%
Your annual AGI from your most recent tax return. IDR payments are based on this figure.
USD
Include yourself plus any dependents you claim on taxes. A larger family size lowers your discretionary income and your IDR payment.
SAVE uses 5% of discretionary income for undergraduate loans and 225% FPL exclusion. PAYE and IBR (new) use 10% and a 150% FPL exclusion. IBR (original) is 15% over 25 years. ICR is 20% and available for Parent PLUS loans after consolidation.
Number of PSLF-qualifying payments you have already made (0-120). Check your PSLF payment count at studentaid.gov.
months
Estimated amount forgivenStrong forgiveness benefit
$72,653

Remaining loan balance cancelled at the end of the repayment term

Monthly IDR payment$80
Total amount paid$9,545
Months until forgiveness120
Standard 10-year payment$511
Net savings vs standard repayment$51,771
Total paid$9,545
Amount forgiven$72,653
Tax on forgiveness$0
IDR/PSLF path$82,278
Standard 10-yr$511

Net savings: $51,771

  • Monthly payment
  • Total paid
  • Amount forgiven

You could have $72,653 forgiven tax-free through PSLF.

  • Your monthly IDR payment of $80 is $431 less than the $511 standard 10-year payment.
  • An estimated $72,653 would be forgiven after 10 more qualifying payments (tax-free).
  • Compared to the standard 10-year plan ($9,545 total vs $61,316), this path saves you approximately $51,771.

Next stepSubmit an Employment Certification Form every year (or when you change employers) to keep your PSLF payment count accurate. Check your count at studentaid.gov.

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