Financial GPS

Financial GPS · for parents

Can I, the parent, afford it?

Question 3 of 4

University of Indianapolis · $83,000

How much Parent PLUS a year?

We started you at $6,000: University of Indianapolis’s typical Parent PLUS balance, $23,490, over four years.

$6,000
$0year-one price gap $18,396cap $20,000

You’d receive about $5,746 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