Is the Student Loan Forgiveness Calculator free?

Yes. The Student Loan Forgiveness Calculator on calculpage is completely free with no account required.

Yes. All calculations run entirely in your browser. Nothing you enter is transmitted to any server.

What category does the Student Loan Forgiveness Calculator belong to?

The Student Loan Forgiveness Calculator belongs to the Financial category on calculpage.

Financial

Student Loan Forgiveness Timeline

Estimate income-based repayment and loan forgiveness timeline.

Loan Balance

Interest Rate (%)

Annual Income

Family Size

Formula & How It Works

IBR Payment = max(0, (Income - 150% Poverty Line) x 10%) / 12. Remaining balance forgiven after 20/25 years (IBR) or 10 years (PSLF).

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Frequently Asked Questions

What is the poverty line used?▼

The 2024 federal poverty guideline: $14,580 for a family of 1, plus $5,140 for each additional person. IBR uses 150% of this.

Is forgiven debt taxable?▼

Under current law (through 2025), forgiven student loan balances are not federally taxable. PSLF forgiveness has always been tax-free.

What is PSLF?▼

Public Service Loan Forgiveness forgives remaining federal loan balances after 120 qualifying payments while working full-time for a qualifying nonprofit or government employer.

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