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.