Right Repay

Closing: ends by July 1, 2028

Pay As You Earn (PAYE)

10% of discretionary income with a 20-year clock, for borrowers already on it.

See where it ranks for you, free Two minutes, your own numbers, every plan side by side.

Payment
10% of discretionary income (AGI minus 150% of the poverty guideline), capped at the 10-year Standard amount. Married filing separately counts only your income, not your spouse's.
Who qualifies
A path only for borrowers already enrolled in PAYE. Required a first loan on or after October 1, 2007 and a disbursement on or after October 1, 2011.
Forgiveness
After 20 years of qualifying payments.
Interest
Unpaid interest on subsidized loans covered for three years; other unpaid interest accrues.
PSLF
Qualifies.
Taxes
Forgiveness is taxable federal income from 2026, except under PSLF.
How to apply
Not open to new applicants. Borrowers on it stay until the plan closes.
Leaving it
Moving to IBR or RAP is a plan change: unpaid interest may capitalize. Everyone on PAYE moves by July 1, 2028.
Dates
Closes no later than July 1, 2028.

Good for

  • Borrowers already on PAYE and near the 20-year mark

Watch out

  • Ends in 2028; the move is coming either way
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Where PAYE lands for you depends on your numbers.

Right Repay runs every plan on your income, household, balance and loan dates, ranks them on all-in cost, and shows the math. Positions 2 onward are free; the kit to switch is $29.

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Sources

Which plan is right for you depends on your income, your balance and your loans' dates.

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The other plans