Calculators · Free tool

PSLF forgiveness calculator

Estimate how much PSLF will forgive tax-free, how many qualifying payments you have left, and when your loans disappear — based on your balance, rate, and income-driven payment.

$
%
$
%
Estimated tax-free forgiveness at month 120
Qualifying payments remaining
You'll pay over those months
Forgiveness date (approx.)

PSLF forgives the remaining balance tax-free after 120 qualifying payments at a nonprofit/government employer. This estimate assumes you stay eligible and your payment grows modestly as your income rises. Residency/fellowship payments often count — certify employment yearly.

This is an estimate. Get your real, ranked plan.

Our full engine compares PSLF, RAP, capped IBR and refinancing on your exact numbers — free, no signup to see your answer.

Run my full numbers →

Questions about this calculator

How does PSLF forgiveness get calculated?

After 120 qualifying monthly payments while working full-time for a nonprofit or government employer, your remaining Direct Loan balance is forgiven tax-free. We project your balance forward at your interest rate and payment to estimate what's left at payment 120.

Do residency and fellowship payments count toward PSLF?

Often yes — if your training hospital is a nonprofit or government employer and you're on a qualifying income-driven plan. That's why certifying employment every year from the start matters; those low-income training payments are extremely valuable.

Is PSLF forgiveness taxed?

No. PSLF forgiveness is tax-free at the federal level — unlike long-term income-driven forgiveness, which is generally taxable. That tax-free status is a big part of why PSLF often wins for physicians.

Related tools & guides
How PSLF works (guide)PSLF for residentsRun the full engine

Educational estimates, not financial, tax, or legal advice. Calculations are simplified and may differ from your servicer or the IRS. Verify specifics at studentaid.gov. See our methodology and disclosures.