The Department of Education is announcing the expansion of the President’s Pay As You Earn (PAYE) repayment plan that will help bring relief to millions more Americans struggling with student loan debt.

Under this Revised Pay as You Earn (REPAYE) plan, borrowers who need help with their debt can reduce their monthly payment to as low as $0 and will never have to pay more than 10 percent of their income towards their student loan payments.

This announcement is a part of the Obama Administration’s continued effort to make college more affordable. The President has doubled investments in college scholarships by expanding Pell Grant and the American Opportunity Tax Credit programs; made student loans more affordable by cutting interest rates and allowing student borrowers to cap student loan payments at 10 percent of income; and called for two years of free community college for responsible students.

It’s easy to sign up at studentloans.gov. You can also use this Repayment Estimator to understand what your payment may be under REPAYE and related plans to see if the plan makes sense for you. If you’re confused about which plan to select, you can check the box to be placed in the plan that offers you the lowest monthly payment. Remember: You can always pay extra on your loans to avoid paying more in interest over the life of your loan. You never have to pay to switch your repayment plan — it’s free to apply.

For many Americans, a low monthly payment amount can provide needed relief from burdensome student loan debt particularly as they start their careers and provides the assurance that going to college doesn’t result in a lifetime of unmanageable debt. For others, the expansion of this program means the freedom to pursue their dream of being a teacher, a social worker, or a nurse.

These income driven repayment plans help borrowers lower their monthly payments, and offer them the opportunity to have their remaining balances forgiven after 20 years of payments (25 years for borrowers with graduate school loans). Public Service Loan Forgiveness, including careers in social work, teaching or nursing, forgives debt after only 10 years of qualifying payments.

You can sign up for the new plan or to learn more about the details of Pay As You Earn and related plans visit the Federal Student Aid website.