Financial GPS

Financial GPS · for parents

Can I, the parent, afford it?

Question 3 of 4

Westfield State University · $83,000

How much Parent PLUS a year?

We started you at $4,500: Westfield State University’s typical Parent PLUS balance, $18,544, over four years.

$4,500
$0year-one price gap $12,042cap $20,000

You’d receive about $4,310 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