Determine The Payments On A PLUS Loan With Our Parent PLUS Loan Calculator
What are the payments on a parental (PLUS) loan?
PLUS loans are low-interest federally insured loans for parents of undergraduate students to help pay a dependent student's college cost. PLUS loans are also available to graduate and professional students. The rate is fixed 2.75% for loans made on or after July 1, 2020.
- Amount to borrow (year 1)The annual amount you plan to borrow from your non-collateral PLUS loan.
- Annual interest rateThe interest rate on the PLUS Loan is a fixed 5.3% for loans made on or after July 1, 2020.
- Number of months The number of months that the PLUS loan is amortized. The typical term is ten years or 120 months.
- Desired amortization scheduleSelect the payment schedule (monthly or yearly) that you would like displayed.
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