Student Loan
Student Loan Forgiveness Calculator
Calculate the potential forgiveness amount under Income-Driven Repayment (20-25 year forgiveness) or Public Service Loan Forgiveness (10 years). See total payments made before forgiveness and the forgiven balance.
Your current IDR payment amount
Forgiven Amount
$13,348.66
Total Paid Before Forgiveness
$96,733.35
Forgiveness Timeline
20 years
Standard 10-Year Total
$78,138.92
Savings vs Standard
-$18,594.43
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How This Calculator Works
Simulates payments over the forgiveness period with annual income growth increasing IDR payments. The remaining balance after all payments is the forgiven amount. Interest accrues monthly on the outstanding balance.
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Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the information you provide and standard financial formulas. Actual loan terms, rates, and payments may vary. This is not financial advice. Please consult with a qualified financial professional and verify all figures with your lender before making borrowing decisions.