REPAYE is an income-driven repayment plan that caps monthly student loan payments at 10% of the borrower's discretionary income and may result in loan forgiveness after 20 or 25 years of on-time payments.

Our company receives compensation from partners seen on our website. Here's how we make money. Our research, news, ratings, and assessments are scrutinized using strict editorial integrity. Our editorial staff does not receive direction from advertisers on our website.