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Loan Programs and Terms for Parents

Loan Repayment Calculator

This Loan Repayment Calculator may be a helpful tool in planning your loan options.

Federal Direct PLUS Loan


  • Borrowing limit of the full cost of attendance and loan fees, less any financial aid
  • The origination fee for 2014-15 is 4.292%
  • Loans disbursed after July 1, 2014, fixed interest rate of 7.21% begins accruing immediately upon disbursement
  • Repayment begins within 60 days of disbursement
  • No income restriction or needs test