Private vs Federal PLUS Loan Comparison Tool

Input your specific assumptions/quotes

Federal PLUS Loans (Grad and Parent PLUS) are typically paid back in 10 years. For the purpose of this tool, compare the cost of private loans up to a term of 10 years.

Assumptions Private Loan Federal
Loan Amount
$
$140,000
Interest Rate
%
8.94%
Year of School Left
1
Origination Fee 0% 4.23%
Term (in years)
10
Repayment Type
Deferred
Months of Grace
6
ACH Discount 0.25% 0.00%
Loan disbursment date 09-01-2025
Private
Holding period Total $ Cost APR
All 10 years $79,043 7.43%
Refinance after 18 months $15,687 7.36%
Federal
Holding period Total $ Cost APR
All 10 years $110,914 9.95%
Refinance after 18 months $25,487 11.83%
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Insights

Over the full life of the loan Federal is $31,871 more expensive than private

If you refinance at graduation Federal is $9,800 more expensive than private

Disclaimer: This calculator is for informational purposes only and should not be considered financial advice. Interest rates are not guaranteed and subject to change without notice. The results of this calculator are estimates and may not reflect the actual cost of a loan or the financial benefits of investing. Users should consult a financial advisor before making any financial decisions.
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