Parent PLUS Loan Repayment

Parent PLUS loan repayment begins 60 days after the final disbursement of the loan. A parent PLUS loan the parent borrower can choose to defer repayment while the student remains enrolled in school at least half-time.

During this period, interest will accrue and be capitalized once the loan goes into full repayment. However, the parent has the option to pay the interest during the deferment period, lowering the overall total cost of the loan.

Grad PLUS Repayment Plans

Standard repayment

This option requires you to pay a fixed amount each month based on your principle and interest but will be no less than $50 or the interest that has accrued.

Graduated repayment

Graduated repayment allows you to make lower payments at the beginning of repayment then, over time, your payments begin to increase. Each of your payments must equal the interest accrued on the loan between scheduled payments and initial payments general cover interest only for the first few years.

Income based repayment

Income based repayment can help borrowers keep their loan payments affordable with payment caps based on their income and family size. For most eligible borrowers, IBR loan payments will be less than 10% of their income - and even smaller for borrowers with low earnings. Check out the Student Loan Network's page on income based repayment to learn more.

Extended Repayment

Extended Repayment provides eligible Federal Stafford, Federal Parent PLUS and Alternative loan/Federal Consolidation loan borrowers with payment relief through a lengthened repayment term of up to 25 years.

Calculate Your Parent PLUS Loan Payments

To estimate your anticipated cost of living once you leave school, you may want to view the student loan budget calculator provided by StudentLoans.com which provides an interactive, intuitive worksheet to prepare a potential budget. Starting with your anticipated income and subtracting income tax, you can forecast your monthly cost of housing, utilities, food, travel, transportation, student loans and other miscellaneous expenses.

Find Out Your Required Salary

Another useful tool to assist you in preparation for repayment of your student loans is the student loan debt/salary wizard from StudentLoans.com. The debt/salary wizard from StudentLoans.com will help you determine your required salary in order to meet your monthly financial obligations.