Parent PLUS Loan Calculator
Calculate monthly payments, origination fees, and repayment costs for federal Direct Parent PLUS loans.
About Direct Parent PLUS Loans
Parent PLUS loans are federal credit-based loans taken out by parents of dependent undergraduate students to finance college education expenses not covered by financial aid.
Frequently Asked Questions
Who is legally responsible for repaying a Parent PLUS loan?
The parent borrower is solely legally responsible; debt cannot be directly transferred to the student borrower.
How does the loan fee affect the borrowed principal?
Federal origination fees are deducted from disbursements, requiring you to borrow a slightly higher gross amount to cover net tuition needs.
Are Parent PLUS loans eligible for Income-Driven Repayment?
Only if consolidated into a Direct Consolidation Loan, which grants access to the Income-Contingent Repayment (ICR) plan.
Can Parent PLUS loans qualify for PSLF?
Yes, if consolidated into a Direct Consolidation Loan and repaid under the ICR plan while the parent works for a qualifying public service employer.
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