When running the repayment estimator, the PAYE plan is shown as the one that will cost the least total amount over time. Currently my loans are at 45k, which is about $200 a mo interest. My first loan was disbursed in 2009 and the final loan in 2016 (for graduate school)
With the monthly payments estimated at $238, it gives a total to be paid of $48K, however there is a 25k pay "End of Payment Balance" Does this mean I wont be paying that off?
image below is the screeencap from the estimator
Going from SAVE to PAYE – Questions about final balance due
byu/starman202 inStudentLoans
Posted by starman202