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Student Loan

Parent PLUS Loan Calculator

Estimate monthly payments for a Direct PLUS Loan for parents. Parent PLUS loans have a fixed rate and a loan origination fee deducted from the disbursement. See the true cost of borrowing for your child's education.

By Quick Loan Calculators Team, Financial Content TeamLast reviewed: April 2026
$30,000
8.05%
4.228%

Monthly Payment

$364.78

Amount Received

$28,731.60

Origination Fee

$1,268.40

Total Interest

$13,773.10

Total Cost

$43,773.10

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Payment Breakdown

Payment breakdown: $28,731.60 principal (67.6%), $13,773.10 interest (32.4%)

Principal

$28,731.60 (67.6%)

Interest

$13,773.10 (32.4%)

How This Calculator Works

The origination fee is deducted from disbursement — you receive less than the loan amount but repay the full amount. Monthly payment is calculated on the full loan amount using standard amortization.

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Frequently Asked Questions

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Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the information you provide and standard financial formulas. Actual loan terms, rates, and payments may vary. This is not financial advice. Please consult with a qualified financial professional and verify all figures with your lender before making borrowing decisions.