Financial Toolset

Parent PLUS Loan Calculator

Calculate Federal Parent PLUS loan payments and costs. Compare Parent PLUS vs private student loans. Free Parent PLUS calculator.

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Calculator

$1000$100000
$
16
5%10%
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Results

Total Amount Borrowed
$0.00
Origination Fee (4.228%)
$0.00
Total Loan Amount (with fees)
$0.00
Monthly Payment (10-year standard)
$0.00
Total Paid (10-year)
$0.00
Total Interest Paid
$0.00

Parent PLUS Loan Cost Breakdown

Principal$0.00
Origination Fee$0.00
Interest$0.00

Parent PLUS Loan Basics

Federal loans for parents of dependent undergrad students. Fixed rate (currently 8.05%), 4.228% origination fee. No credit score requirement (just no adverse history). Parents are responsible - not the student. Can borrow up to cost of attendance minus other aid.

Parent PLUS vs Private Loans

Parent PLUS Pros: No credit score needed, federal protections (deferment, forbearance, discharge on death). Cons: High rate (8.05%), origination fee, limited repayment options. Private: Lower rates (5-9% with good credit), no origination fee. Cons: Need good credit, no federal protections.

Repayment Options

Standard: 10 years. Extended: 25 years (if $30k+ in loans). ICR: Income-contingent (requires consolidation). No IDR options like student loans. Interest not deductible if AGI exceeds $85k single/$175k married.

Sources & References

Federal Student Aid - Parent PLUS Loans
https://studentaid.gov/understand-aid/types/loans/plus/parent

Frequently Asked Questions

Common questions about the Parent PLUS Loan Calculator

Generally better for student to borrow first: Lower rates (undergrad: 5.50% vs Parent PLUS 8.05%), more repayment options (IDR, forgiveness), smaller origination fees (1.057% vs 4.228%). Use Parent PLUS only after maxing student federal loans ($5,500-$12,500/year).

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⚠️ Important Disclaimer

This Parent PLUS Loan Calculator provides estimates for educational and informational purposes only. Actual results may vary significantly based on individual circumstances, market conditions, regulatory changes, and other factors beyond the scope of this calculator.

The calculations and projections provided are based on assumptions and historical data that may not reflect future performance.Past performance does not guarantee future results.

This tool is not financial advice, tax advice, legal advice, or investment advice. For personalized guidance tailored to your specific situation, please consult with qualified professionals including:

  • Certified Financial Planner (CFP)
  • Certified Public Accountant (CPA) for tax matters
  • Licensed attorney for legal matters
  • Registered Investment Advisor (RIA) for investment decisions

Data Accuracy: All data sources, statistics, and rates were verified as accurate as of October 2025. Tax rates, market conditions, and other financial data change over time. Always verify current rates and consult official sources.

No Warranties: While we strive for accuracy, we make no warranties or guarantees regarding the accuracy, completeness, or reliability of any information provided. Use this tool at your own risk.