Debt & Credit

Student Loan Forgiveness Tracker

Track your progress toward PSLF or IDR forgiveness and estimate the forgiveness tax bomb.

Decision Summary

Projected forgiveness amount

$75,466.26

IDR forgiveness is taxable income. Consider saving for the tax liability.

IDR forgiveness creates a taxable event. Plan for the tax bomb.

Scenario Comparison

The main answer and the most important supporting outputs in one glance.

Projected forgiveness amount

$75,466.26

Payments remaining

60 months

Tax bomb (IDR only)

$16,602.58

Total cost via forgiveness

$40,602.58

Key Metrics

Payments remaining

60 months

Tax bomb (IDR only)

$16,602.58

Total cost via forgiveness

$40,602.58

Total cost if pay off

$172,367.08

How to use it

Enter loan type, servicer, repayment plan, qualifying payment count, employer certification status, and whether you are on PSLF or IDR forgiveness. Use your actual payment count from StudentAid.gov, not your own estimate.
Read qualifying payments made, payments remaining, estimated forgiveness date, and the projected forgiven amount. PSLF requires 120 qualifying payments under an eligible plan while working for a qualifying employer; IDR forgiveness comes after 20-25 years.
If your qualifying payment count is significantly lower than expected, past payments may not have counted due to wrong plan, wrong servicer, or late certification. Fixing this early can save years of progress.
Submit employer certification annually, switch to an eligible repayment plan if needed, and avoid refinancing federal loans into private loans since that permanently kills forgiveness eligibility. Use the student loan repayment planner to compare forgiveness versus aggressive payoff.
Re-run after each annual recertification, servicer change, or policy update. Track qualifying payment count, remaining payments, and the forgiveness amount versus total interest paid under the plan.

AI Integrations

Contract, discovery endpoints, and developer notes for agent use.

Always available for agents

Tool contract JSON

https://aifinhub.io/contracts/student-loan-forgiveness-tracker.json

Stable input and output contract for this exact tool.

Human review

People can use the browser page to sense-check outputs and charts, but agents should still execute against the contract and discovery endpoints.

/agent-tools.json - machine-readable tool index.
/llms.txt - human-readable model discovery guide.
/.well-known/webmcp.json - WebMCP capabilities manifest.
/.well-known/ai-plugin.json - plugin-style discovery manifest.

{
  "tool": "student_loan_forgiveness",
  "loan_balance": 65000,
  "monthly_payment": 420,
  "payments_made": 84,
  "total_required_payments": 120,
  "interest_rate_percent": 5.8,
  "tax_rate_at_forgiveness_percent": 22
}

Open tool contract JSON Open AI integrations guide

Expand developer notes

Agent playbook

Resolve Student Loan Forgiveness Tracker from /agent-tools.json and open its contract before execution.
Validate inputs against the contract schema instead of scraping labels from the page UI.
Open the browser page only when a person wants to review charts, assumptions, or related tools.

Agent FAQ

Should ChatGPT, Claude, or another agent click through the UI?

No. Start with /agent-tools.json, then follow the tool's contract URL. The page UI is for human review, not parameter discovery.

When do tools show Quick and Advanced?

Every tool opens in Quick Start first. Advanced Controls keeps the same scenario, reveals more assumptions or diagnostics, and every tool keeps AI integrations inline below the instructions.

When should an agent still open the browser page?

Open it when a human wants to sense-check the output, review the chart, or keep exploring related tools after the calculation finishes.

Questions people usually ask

What forgiveness programs does this track?

It models Public Service Loan Forgiveness (PSLF, 120 qualifying payments), Income-Driven Repayment forgiveness (IDR, 20-25 years), and Teacher Loan Forgiveness (up to $17,500). Each has different qualifying criteria, and the tool tracks your progress toward each.

How accurate is the qualifying payment count?

The tool estimates based on your inputs, but only your loan servicer and the Department of Education can confirm official counts. Common disqualifiers include wrong repayment plan, wrong loan type (FFEL vs Direct), and employer certification gaps. Verify at studentaid.gov.

Is it better to pursue forgiveness or just pay off the loans?

It depends on your balance-to-income ratio. If your loans exceed your annual income and you qualify for PSLF, forgiveness often saves tens of thousands. If your balance is modest relative to income, aggressive payoff may be cheaper than 10-25 years of income-driven payments.

When should I use this vs a standard loan repayment calculator?

Use this if you are pursuing or considering a forgiveness program. Standard repayment calculators assume you will pay the full balance, which leads to wrong conclusions if forgiveness will eliminate a portion of your debt.

Is my data stored?

No. All calculations happen in your browser. Nothing is stored or transmitted.