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PLUS/Private Loan Calculation Tool

The Office of Student Aid has developed an interactive tool to simplify the PLUS and Private Alternative loan process.

Knowing how much to borrow can be one of the most time consuming parts of applying for the Parent PLUS Loan or private loans.  Thankfully, after receiving feedback from family and students about these concerns, the Office of Student Aid has developed a new interactive tool to simplify this process.  Parents can now enter their individualized financial information into the Interactive Worksheet in the How to Create a Student Budget for the Parent PLUS Loan and Private Alternative Loans section of our Tutorials tab to get a clearer estimate of their borrowing needs.  This tool takes the guess work out of calculating loan amounts and origination fees* while also providing a planning tool to help in saving money. Please visit studentaid.psu.edu/pubThemeApps/Public_Calculator/ and try this new tool!

*Please remember to clear the Origination Fee % section when using this tool for private alternative loans.

Penn State Federal School Code

003329

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