What counts as a qualifying PSLF payment?

A qualifying payment is one made while working full-time for a qualifying employer (government or non-profit), under a qualifying repayment plan, for the full amount due, after October 1, 2007.

Are forgiven student loans taxable?

PSLF forgiveness is not federally taxable. However, forgiveness after 20-25 years under an IDR plan is currently considered taxable income (the 'tax bomb'), though this is temporarily paused federally through 2025.

Student Loan Forgiveness Calculator

Estimate Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) forgiveness timelines. Track qualifying payments and plan for tax implications.

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Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) plans offer paths to debt relief after a certain period of service or payments.

⚠️ Important: Be aware of the 'Tax Bomb' for long-term IDR forgiveness (20-25 years), as the forgiven amount may be treated as taxable income.

Student Loan Forgiveness Calculator

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Student Loan Forgiveness Calculator