The disclosed computer-implemented method includes accessing a hard drive to measure operational characteristics of the hard drive. The method next includes deriving hard drive health factors used to control the hard drive that are based on the measured operational characteristics. The derived hard drive health factors include an average per-seek time indicating an average amount of time the hard drive spends seeking specified data that is to be read and an average read speed indicating an average amount of time the hard drive spends reading the specified data. The method next includes determining, based on the hard drive health factors and the operational characteristics, an amount of load servicing capacity currently available at the hard drive, and then includes regulating the amount of load servicing performed by the hard drive according to the determined amount of available load servicing capacity. Various other methods, systems, and computer-readable media are also disclosed.