Public Service Loan Forgiveness Calculator

Enter your loan and income information in the boxes below to find out which Income-Driven Repayment Plan is best for you. Maximize the amount of student loans forgiven by choosing the right repayment plan.

* Note that Public Service Loan Forgiveness is only available on Federal Loans. You must work for a qualifying government or non-profit and make 120 on-time payments to be eligible. In order for this to pay off, you need to be an Income-Driven Repayment Plan and fill out the correct paperwork with the government each year. The loans will be forgiven after 10 years and the forgiven amount is completely tax-free.

Compare Income Based Repyament, Pay As You Earn, and Revised Pay As You Earn with the Standard Repayment Plan below.

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