![]() ![]() Like with all income-driven repayment plans, your projected monthly payments are calculated by the parameters of the program, rather than the parameters of your unique loan situation. Make payments worth 10% of your monthly discretionary income Prolong your repayment term to 20 years (if loans are for undergraduate study) or 25 years (if loans are for graduate study) ![]() Launched in December 2015, the plan allows eligible borrowers to join a program that allows them to: It is designed to help those with high levels of debt relative to their incomes a way to make affordable (and reduced) monthly student loan payments that are based on their income. ![]() REPAYE is one of the four federally sponsored income-driven repayment plans offered by the United States Department of Education. What is Revised Pay as You Earn (REPAYE)? ![]()
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