Pay As You Earn Repayment Plan

On December 21, 2012, the Department of Education announced the availability of the Pay As You Earn Repayment Plan for eligible Direct Loan Program borrowers.

Complete information about the Pay As You Earn Repayment Plan is available on the Pay As You Earn Repayment Plan page of the StudentAid.gov Web site. This information includes a detailed explanation of the Pay As You Earn Repayment Plan, a list of eligible loans that may be repaid under the Pay As You Earn Repayment Plan, and a calculator that can be used to estimate your eligibility for and initial monthly payment amount under the Pay As You Earn Repayment Plan.

Thank you.