Wei Bin Loo, a Chartered Financial Analyst Candidate and contributor to Omni Calculator, created a Student Loan Forgiveness Calculator after hearing that the Biden Administration officially opened the application for student loan forgiveness.
The tool helps users calculate how much of their student debt will be canceled by the newly launched stimulus program. It asks for their filing status, annual income, whether they receive Pell Grants, and the amount of their outstanding student debt. It then shows how much loan forgiveness they are now eligible for and the new amount of their outstanding balance.
As a former student not so long ago, I believe that this program gives millions of students relief in knowing that they can now afford their education. Seeing how much your loans now cost will help you budget better
Wei Bin Loo, CFA Candidate and Author of the Student Loan Forgiveness Calculator
About Omni Calculator: omnicalculator.com is an international tech company that was founded in 2014. It’s a platform consisting of over 2900 free Smart Calculators (calculators solving specific problems) organized into various categories, like finance, math, everyday life, and more. With an average of over 20 million pageviews each month, they have been featured in The Wall Street Journal, CBS, Forbes, Washington Post, and many more. Their team is composed of more than 50 researchers from various fields. Math enthusiasts and academics with hard-earned degrees work hand in hand with polymaths versed in multiple fields.