Student Loan Forgiveness Eligibility & Cost Planner

Student Loan Forgiveness Eligibility & Cost Planner (U.S. Federal Loans)

Step 1: Your Loan & Financial Profile

Federal Student Loans

Income & Household Information

Current Adjusted Gross Income (AGI) ($):

Expected Annual Income Growth (%):

Family Size:

Tax Filing Status:

State of Residence:

Applicable Federal Poverty Level (FPL) ($): Find current FPL at HHS Poverty Guidelines. Use value for your family size and state.

Employment (for Public Service Loan Forgiveness - PSLF)

Current Employer Type:

Currently Full-Time at Qualifying Employer?

Qualifying PSLF Payments Already Made (if known):

Step 2: Explore Forgiveness Programs

Public Service Loan Forgiveness (PSLF)

PSLF forgives the remaining balance on Direct Loans after 120 qualifying monthly payments under an eligible repayment plan while working full-time for a qualifying employer. Payments do not need to be consecutive.

Click "Check PSLF Eligibility"

Learn more & use official PSLF Help Tool on StudentAid.gov

Income-Driven Repayment (IDR) Forgiveness

IDR plans base your monthly payment on your income and family size. After 20 or 25 years of qualifying payments on an IDR plan, any remaining loan balance may be forgiven. The SAVE plan is often the most beneficial IDR plan.

Details will appear after profile input.

Learn more about IDR Plans on StudentAid.gov

Other Forgiveness/Discharge Programs (Mention Only)

Teacher Loan Forgiveness: For teachers in low-income schools/agencies. Details
Closed School Discharge: If your school closed while enrolled or shortly after. Details
Total and Permanent Disability (TPD) Discharge: If you are totally and permanently disabled. Details
Borrower Defense to Repayment: If your school misled you or engaged in misconduct. Details

Step 3: SAVE Plan - Payment & Forgiveness Projection

This projects your payments and potential forgiveness under the SAVE (Saving on a Valuable Education) plan, using the information from Tab 1. Ensure your AGI, family size, and FPL are correctly entered there.

Enter your details in Tab 1 and click "Calculate SAVE Plan Projection".

Step 4: Overall Summary & Download Your Plan

Complete your profile and explore programs to see a summary here.

Important Next Steps & Resources:

To officially apply for IDR plans or PSLF, and to certify employment for PSLF, visit StudentAid.gov.
Use the PSLF Help Tool on StudentAid.gov to generate PSLF forms.
Regularly update your income and family size for IDR plans as required.
Keep detailed records of your employment and payments.
Student loan programs and forgiveness rules can change. Always refer to StudentAid.gov for the most current official information.