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What is Pay As You Earn (PAYE)? How do I know if I qualify?

  • Listed: August 12, 2022 4:16 pm
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What is Pay As You Earn (PAYE)? How do I know if I qualify?

Pay As You Earn, or PAYE, is a federal student loan repayment plan that is available to some borrowers with newer federal loans. It caps your monthly federal student loan payment at 10 percent of your discretionary income.

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