🕊️ Student Loan Forgiveness Calculator
Estimate how much of your student loan balance might remain — and potentially be forgiven — after a set number of years of payments.
How forgiveness after income-driven repayment works
Under income-driven repayment (IDR) plans, your monthly payment is based on your income rather than your loan balance. If your required payment is lower than the interest accruing, your balance can grow even while you make every payment. After a set number of years (commonly 20 or 25 for IDR, or 10 for Public Service Loan Forgiveness), any remaining balance may be forgiven.
How this calculator works
The calculator simulates your loan balance month by month over the forgiveness term: each month it adds interest and subtracts your payment. If your balance reaches zero before the term ends, it reports that you’d pay off the loan early with nothing forgiven. Otherwise, it reports the balance remaining at the end of the term as the estimated forgiven amount.
This is a simplified educational estimate, not financial or legal advice. Real IDR and forgiveness programs have specific eligibility rules, and forgiven amounts may be considered taxable income — consult your loan servicer or a qualified advisor for your actual situation.