Student Loan Forgiveness Eligibility Calculator
Find out if you qualify for Biden's SAVE plan and other forgiveness programs
Important: This calculator provides estimates based on current program rules (as of 2023). The SAVE plan replaces REPAYE and has special provisions for low-income borrowers. For official determination, apply through studentaid.gov. State programs vary and may have additional requirements.
Our Student Loan Forgiveness Eligibility Calculator is a powerful and free online tool that helps borrowers determine if they qualify for student loan forgiveness programs. Whether you're applying for Public Service Loan Forgiveness (PSLF), Teacher Loan Forgiveness, or Income-Driven Repayment (IDR) plan forgiveness, this calculator guides you through your eligibility. It evaluates loan type, loan balance, monthly income, repayment plan, and employment type. Perfect for federal student loan borrowers, graduates, and professionals working in public service, education, healthcare, or non-profit sectors. Use it to estimate forgiveness timeline, repayment duration, and potential remaining balance forgiveness. Supports FFEL loans, Direct loans, Perkins loans, and consolidated loans. Designed for accuracy and simplicity, our tool includes keywords like loan discharge, federal forgiveness calculator, loan forgiveness estimator, and debt relief tool. Save time, avoid confusion, and make smarter decisions with this all-in-one student loan relief calculator. Start using the Student Loan Forgiveness Eligibility Tool today to take the next step toward financial freedom.
Frequently Asked Questions – Student Loan Forgiveness Eligibility Calculator
1. What is a Student Loan Forgiveness Eligibility Calculator?
It’s a free online tool that helps determine if you qualify for student loan forgiveness programs like PSLF, Teacher Loan Forgiveness, or Income-Driven Repayment plans.
2. How does this calculator determine eligibility?
The calculator uses inputs like loan type, income, employment sector, and repayment plan to check if you meet the criteria for forgiveness programs.
3. Is this calculator accurate for federal student loans?
Yes, it supports federal student loan types including Direct Loans, FFEL Loans, and Perkins Loans with updated eligibility rules.
4. Can it estimate my loan forgiveness amount?
Yes, the calculator provides an estimate of how much of your student loan may be forgiven after the required repayment period.
5. Does it support Public Service Loan Forgiveness (PSLF)?
Absolutely. The tool helps evaluate your eligibility under the PSLF program based on your job and repayment history.
6. Who should use the student loan eligibility calculator?
Borrowers working in public service, non-profits, education, or healthcare who want to explore forgiveness options should use this tool.
7. Is my personal data stored?
No, this calculator is privacy-focused and does not store any personal or loan information.
8. Does it help with Income-Driven Repayment plans?
Yes, it checks eligibility and forgiveness timelines under IDR plans like PAYE, REPAYE, IBR, and ICR.
9. Can I use this for consolidated student loans?
Yes, the tool works with consolidated federal student loans, as long as they are eligible for forgiveness programs.
10. Will this calculator work for private loans?
No, this tool is designed specifically for federal student loans and does not support private loan forgiveness options.
11. What employment qualifies for student loan forgiveness?
Generally, full-time employment in government, public service, non-profits, or education sectors qualifies for PSLF and other programs.
12. Can this tool help with Teacher Loan Forgiveness?
Yes, it includes criteria to evaluate your eligibility for Teacher Loan Forgiveness based on subject area and years of service.
13. Does it calculate forgiveness for Perkins Loan cancellation?
Yes, it includes support for forgiveness paths available to Perkins Loan borrowers under specific conditions.
14. Is this calculator mobile-friendly?
Yes, our student loan forgiveness eligibility calculator is fully responsive and works smoothly on all devices.
15. How often is the calculator updated?
The tool is updated regularly to reflect the latest federal student loan policies, including temporary relief and forgiveness changes.
