Student Loan Revised Pay As You Earn (REPAYE) Calculator

Revised Pay As You Earn (REPAYE) is the latest program repayment option be released by the Department of Education. REPAYE now allows some borrowers who were previously ineligible for PAYE to cap their monthly student loan payments at 10% of discretionary income with REPAYE.

REPAYE offers student loan forgiveness after 20 years (240 payments) for borrowers with undergraduate student loans only or 25 years (300 payments) for borrowers who have graduate student loans.

Test out our REPAYE Calculator to see how REPAYE may be able to lower your monthly payments as well as result in forgiveness of your student loans.

OriginalREPAYESavings
First month's payment
Last month's payment
Total balance paid
Total forgiveness
Repayment term
Your monthly payment on REPAYE 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.

Total balance paid

Total forgiveness

CURRENT

$0

REPAYE

$0

$0

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