PAYE or REPAYE?
There are almost a dozen federal student loan repayment plans, five which qualify for Public Service Loan Forgiveness. But newer borrowers (i.e. no loans over 13 years old) only need to consider two of those: Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE).
One Video, All the Info
The video below walks you through all the key features to consider when making a PAYE/REPAYE decision in consideration of PSLF. There are no convoluted tables and there is minimal text. There is also a catchy soundtrack recorded by the Doctored Money studio band. We believe this is the best PAYE vs REPAYE video on the internet, based on a poll of Doctored Money volunteers. The fact that it took us dozens of hours to write, animate, record and render the video did not bias our opinion in the least.
Here It Is
Please share this page with your colleagues if you find the video useful, particularly new graduates. By the way, the video looks great in full-screen mode, and high quality headphones will allow you to appreciate the audio. A 4K resolution video with Dolby Atmos 3D sound is in the works.
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