Tuition and Aid
PLUS Loan Calculator
The PLUS loan is an additional federal loan option available to credit-worthy parents of dependent undergraduate students or graduate students who have submitted a FAFSA. A separate application is required to request the PLUS Loan. For PLUS loans first disbursed between 7/1/2024-6/30/2025, the interest rate is 9.08% fixed.
When completing your PLUS Loan application, you must indicate the amount of the PLUS Loan you would like to borrow. Borrowers can request:
- the Maximum amount of loan (which will be calculated as the student’s cost of attendance minus all other financial aid awarded), or
- a specific dollar amount.
When you take out a federal student loan, you will be charged an origination fee by the U.S. Department of Education. This fee is a percentage of the total loan amount you are borrowing and is deducted proportionately from each disbursement of your loan. Since this fee reduces the actual loan amount you will receive, you will need to take the origination fee into consideration when you request your PLUS loan amount.
The current loan origination fee for PLUS loans first disbursed on or after October 1, 2020 is 4.228%.
To calculate how much you would like to borrow accommodating the origination fee, please utilize this PLUS Loan Calculator below. All amounts below are represented in U.S. dollars.
Instructions
Direct PLUS Loan Calculator (Net of Origination Fee)
Enter the amount you would like to request to borrow (gross amount) and click “Calculate” to determine the amount that will actually disburse to the student bill (net amount), as well as the origination fee that will be withheld.
Loan Amount that will Disburse after Origination Fee withheld (4.228%):
Origination Fee Amount:
Direct PLUS Loan Calculator (Gross of Origination Fee)
Enter the amount you would like to disburse to the student bill (net amount) and click “Calculate” to determine the amount that you should request to borrow (gross amount) to accommodate the origination fee that will be withheld.