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Pay As You Earn Repayment Plan Calculator
Calculate what your monthly payment would be using the Pay As You Earn Repayment Plan
Under the Pay As You Earn (PAYE) Repayment Plan, your monthly payments are recalculated each year on the basis of the your income and family size.
In order to qualify for the PAYE repayment plan:
- You must have had no outstanding balance on an FDLP or FFELP loan as of October 1, 2007, or had no outstanding balance on an FDLP or FFELP loan when you received a new loan on or after October 1, 2007, and
- You must have received a disbursement of an FDLP loan on or after October 1, 2011.
Additional information regarding the Pay As You Earn repayment plan is available at TG Online.
This calculator uses 2016 U.S. Department of Health and Human Services data.
This calculator is provided for the purpose of estimation of PAYE only. Specific details about eligibility and payments will be determined during the PAYE application process.