Find out whether the Pay As You Earn repayment plan is right for you.

Your loan servicer will determine your eligibility for Pay As You Earn, but you can check this calculator to see if you might qualify and estimate your payments.

Pay As You Earn Calculator

As of Dec. 21, 2012, the Pay As You Earn plan is available for eligible borrowers. Use this calculator to estimate whether you qualify to repay your Direct Loans under Pay As You Earn, and see what your estimated monthly payment would be, based on your

  • eligible federal student loan balance,
  • adjusted gross income (AGI),
  • federal income tax filing status,
  • family size, and
  • state of residence.

Note: If you filed a joint federal income tax return and your spouse has eligible federal student loans, you’ll need your spouse’s eligible federal student loan balance as well.

Do you need information about the eligible federal student loans you received?

The National Student Loan Data System (NSLDS®) provides information such as the type(s) of loans you have taken out, outstanding principal and interest, the total amount of all your loans, and who your loan servicer is. You will need your Federal Student Aid PIN to sign in to NSLDS.

NSLDS has information about only your federal student loans—private loans are not included.

Pay As You Earn Repayment Calculator

You might want to have income information, such as your most recently filed income tax return, ready before you start.

Select the options that apply to you and enter your information.