Student Loan Forgiveness Calculator 2025
Check your eligibility for PSLF, IDR, and federal relief programs
Your Loan Information
5.0 years
💡 Your Forgiveness Options
❌ PSLF (10 Years)
Need public service job + PSLF repayment plan
📋 IDR (20 Years)
$167/mo
Payments left
180
Years left
15.0
Estimated forgiveness: $9,000
🎓 Federal Relief
$20,000
Pell Grant recipient
One-time forgiveness (pending)
📊 Program Comparison
PSLF
10 years
Public service + 120 payments
IDR
20-25 years
Income-driven repayment
Federal Relief
$10-20k
One-time forgiveness
📖 Complete Forgiveness Guide 2025
1. Public Service Loan Forgiveness (PSLF)
Forgives remaining balance after 120 qualifying payments (10 years) while working full-time for government or nonprofit.
- Eligibility: Federal Direct Loans only
- Employment: Government or 501(c)(3) nonprofit
- Payments: 120 under IDR or Standard plan
- Tax-Free: Permanent since 2021
- Average: $92,000 per borrower (2024)
2. Income-Driven Repayment (IDR)
Forgives remaining balance after 20-25 years of payments:
- SAVE Plan: 20 years undergrad, 25 years grad, 10% income
- PAYE: 20 years, 10% discretionary income
- IBR: 20-25 years, 10-15% income
- ICR: 25 years, 20% income
Tax: Tax-free through 2025, uncertain after.
3. Federal One-Time Relief
- $20,000: Pell Grant recipients, income under $125k
- $10,000: Non-Pell recipients, same limit
- Status: Check studentaid.gov for latest updates
How to Apply
PSLF: Submit Employment Certification Form annually at studentaid.gov/pslf
IDR: Enroll in SAVE/PAYE/IBR/ICR, recertify income yearly
Federal Relief: Apply via studentaid.gov when open
FAQs
Is PSLF forgiveness taxable?
No, PSLF forgiveness is permanently tax-free (since 2021).
Can private loans qualify?
No federal forgiveness for private loans. Consider employer assistance or refinancing.
What if I switch jobs?
PSLF: Only payments while at qualifying employer count. IDR: All payments count regardless of employer.
Should I consolidate?
For PSLF: Yes if you have FFEL/Perkins loans. For IDR: Depends—consolidation restarts counter.
Disclaimer: Estimates based on 2025 rules. Actual forgiveness depends on loan servicer verification. Consult studentaid.gov for official eligibility.