Calculator Student Loan Forgiveness

let forgivenessSteps = “”; const currencySymbol = “$”, fixedCurrency = “USD”; function calculateForgiveness(){ forgivenessSteps=””; const loanAmount = parseFloat(document.getElementById(“loanAmount”).value); const income = parseFloat(document.getElementById(“income”).value); const repaymentPlan = document.getElementById(“repaymentPlan”).value; if(isNaN(loanAmount) || isNaN(income) || loanAmount <= 0 || income <= 0){ alert("Please enter valid positive values for all fields."); return; } let forgivenAmount = 0; if (repaymentPlan === "IncomeDriven") { forgivenAmount = loanAmount * 0.50; // Example: 50% forgiveness } else if (repaymentPlan === "PayAsYouEarn") { forgivenAmount = loanAmount * 0.60; // Example: 60% forgiveness } else { forgivenAmount = loanAmount * 0.30; // Example: 30% forgiveness for Standard plan } const remainingAmount = loanAmount – forgivenAmount; document.getElementById("forgivenAmount").value = formatCurrency(forgivenAmount); document.getElementById("remainingAmount").value = formatCurrency(remainingAmount); forgivenessSteps += `Inputs:
Loan Amount: ${formatCurrency(loanAmount)}
Income: ${formatCurrency(income)}
Repayment Plan: ${repaymentPlan}

`; forgivenessSteps += `Results:
Forgiven Amount: ${formatCurrency(forgivenAmount)}
Remaining Loan: ${formatCurrency(remainingAmount)}
`; } function resetForgiveness(){ document.querySelectorAll(“#calculator input, #calculator select”).forEach(el => el.value = “”); forgivenessSteps = “”; document.getElementById(“calculationStepsForgiveness”).innerHTML = “

Not calculated yet.

“; } function toggleForgivenessSteps(){ const s = document.getElementById(“calculationStepsForgiveness”); const a = document.getElementById(“toggleArrowForgiveness”); if(s.style.display === “none” || s.style.display === “”){ s.style.display = “block”; a.style.transform = “rotate(180deg)”; s.innerHTML = forgivenessSteps || “

Not calculated yet.

“; } else { s.style.display = “none”; a.style.transform = “rotate(0deg)”; } } function formatCurrency(n) { return currencySymbol + n.toFixed(2) + ” ” + fixedCurrency; }