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6 Best Banks to Refinance and Consolidate Student Loans in 2018 Save Money Now

Student Loan Pay As You Earn (PAYE) Calculator

Are you wondering how enrolling in the Pay As You Earn (PAYE) federal student loan repayment plan could impact your student loan payments? Use our PAYE Calculator to see how PAYE may be able to lower your monthly payments as well as result in forgiveness of your student loans.

PAYE limits your monthly student loans to 10% of your discretionary income. After 20 years of repayment (240 total payments), borrowers are eligible to have their remaining student loan balance forgiven on qualifying loans.

First month

Last month

Balance paid

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OriginalPAYESavings
First month———
Last month———
Balance paid———
Total forgiveness———
Repayment term———
Your monthly payment on PAYE would be —, a difference of — from what you are currently paying. If your income increases over time, your payments may increase. Assuming annual income growth of 3.5%, your final monthly payment would be —. After making payments for — years, you will have paid a total of — and would receive — in forgiveness, compared to your current plan where you will pay — over the next — years.

Student loan refinancing rates as low as % APR. Check your rate in 2 minutes.

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PAYE

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Interested in refinancing student loans?

Here are the top 6 lenders of 2018!
LenderRates (APR)Eligible Degrees 
Check out the testimonials and our in-depth reviews!
2.54% - 7.38%Undergrad
& Graduate		Visit SoFi
2.57% - 6.32%Undergrad
& Graduate		Visit Earnest
2.80% - 7.02%Undergrad
& Graduate		Visit Laurel Road
2.56% - 8.12%Undergrad
& Graduate		Visit Lendkey
2.55% - 6.49%Undergrad
& Graduate		Visit CommonBond
2.88% - 8.34%Undergrad
& Graduate		Visit Citizens
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