Question 3 of 4
Merrimack College · $83,000
How much Parent PLUS a year?
We started you at $12,500: Merrimack College’s typical Parent PLUS balance, $50,540, over four years.
You’d receive about $11,972 a year after the 4.228% fee.
The new caps
$20,000 a year and $65,000 per student, counting what either parent has already borrowed for this student.
Federal Student Aid: Parent PLUS loans