Credit
What is pay-as-you-earn for student loans?
Quick Answer
Pay-As-You-Earn (PAYE) is a federal income-driven repayment plan that caps your monthly payment at 10% of discretionary income and forgives the remaining balance after 20 years. It is being phased into the SAVE plan for newer borrowers.
Warren Team
Updated April 26, 2026
37
Warren Team
Updated April 26, 2026
37
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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