Financial GPS

Financial GPS · for parents

Can I, the parent, afford it?

Question 3 of 4

Wentworth Institute of Technology · $83,000

How much Parent PLUS a year?

We started you at $16,500: Wentworth Institute of Technology’s typical Parent PLUS balance, $65,597, over four years.

$16,500

You’d receive about $15,802 in year one after the 4.228% fee; later years get less once the $65,000 per-student cap is reached.

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