Parent PLUS Loan Calculator

Enter the total amount you plan to borrow.

Enter the interest rate for the PLUS loan. Your interest rate will vary depending on the year you borrow. The current rate for 2022-23 PLUS loans is 7.54%.

The amount you borrow is not actually what you receive from a loan. You'll receive the amount after the origination fee amount is deducted from the loan total.

This is the total amount you borrowed.

This is the origination fee subtracted from the total amount you borrowed.

This is the total amount from the PLUS loan you borrowed that your student will receive. It's the total amount after the origination fee is deducted.

This is the minimum amount you must pay each month during repayment to stay current.

This total does not account for the parent PLUS loan deferment. If you defer payments while your child is in school, interest will accrue and be added to the loan's balance when it enters repayment, increasing the amount you repay.

You can submit more than your monthly minimum to pay off your loan faster. The quicker you finish paying your loans, the more you’ll save in interest. Learn how to pay off parent PLUS loans faster.

If you're having difficulty making payments on the standard 10-year federal repayment plan, an income-contingent repayment will reduce your monthly PLUS loan payment to 20% of your income or the amount you'd pay on a fixed 12-year repayment schedule, whichever is less. It also offers forgiveness after 25 years. On an income-contingent plan, you’ll pay more in interest and you’ll be required to pay income tax on any amount forgiven.