Finance Tools
PAYE Plan Calculator
Estimate your student loan payment under a simplified PAYE model using discretionary income (AGI minus 150% poverty guideline). Optionally compare payment vs estimated monthly interest.
Estimate your student loan payment under a simplified PAYE model using discretionary income assumptions. This is a planning estimate — official PAYE eligibility, payment caps, and servicer calculations may differ.
Checks whether the estimated PAYE payment likely covers monthly interest (approx).
How to use this paye plan calculator
- Enter your annual AGI and family size.
- Enter a poverty guideline value (editable) and set the multiplier (commonly 150%).
- Set the payment percentage applied to discretionary income (commonly 10%).
- Optionally enter loan balance and APR to compare payment vs monthly interest.
- Calculate to estimate monthly and annual PAYE payments.
Example
If your AGI is $55,000 with family size 1 and a 150% poverty threshold, this tool estimates:
- Discretionary income used for the PAYE calculation
- Estimated monthly and annual payment
- Whether the payment likely covers monthly interest (optional)
More tools in Finance Tools
- Income-Driven Repayment (IDR) Calculator
Estimate your monthly payment under an income-driven repayment (IDR) plan based on income, family size, and payment percentage. Compare IDR with standard repayment.
- IDR Plan Comparison Calculator
Compare income-driven repayment (IDR) plans including IBR, PAYE, SAVE, and ICR. See estimated monthly payments and annual costs side by side.
- Student Loan Forgiveness Calculator
Estimate remaining student loan balance and potential forgiveness after a chosen timeline based on your expected monthly payment. Optionally estimate taxes on forgiven amount.
- SAVE Plan Calculator
Estimate your student loan payment under a simplified SAVE Plan model using discretionary income. Optionally compare payment vs estimated monthly interest.