The PAYE (Pay As You Earn) repayment plan is a popular income-driven option for U.S. federal student loans. It limits monthly payments to 10% of your discretionary income while protecting 150% of the poverty guideline. This calculator helps you quickly estimate your monthly PAYE payment based on your income, loan balance, and household size.

The PAYE plan adjusts repayment based on your ability to pay. Borrowers with lower incomes benefit from significantly reduced monthly payments, and any remaining balance after 20 years of qualifying payments is forgiven. This tool uses the official PAYE formula, including discretionary income calculation and poverty guideline thresholds, to give you an accurate monthly payment estimate