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
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Compare a standard student loan payment with an income-based repayment amount based on your annual income and payment percentage.
- Education Loan Repayment Calculator
Calculate education loan repayments for monthly, biweekly, or weekly schedules. See repayment amount, total repaid, and total interest.
- Parent PLUS Loan Repayment Calculator
Estimate Parent PLUS loan repayment amounts and total interest for a fixed-rate loan. Compare monthly, biweekly, and weekly repayment schedules.
- 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.