Origination Fees
Origination fees are subtracted from the amount borrowed.
For loans disbursed on or after October 1, 2020, and before October 1, 2024:
- Subsidized/Unsubsidized fee is 1.057%
- Direct PLUS (parent/gradaute/professional) fee is 4.228%
For loans disbursed on or after October 1, 2019, and before October 1, 2020:
- Subsidized/Unsubsidized fee is 1.059%
- Direct PLUS (parent/gradaute/professional) fee is 4.236%
Example for Subsidized and Unsubsidized loans:
Loan Amount Academic year |
Fall Disbursement | Spring Disbursement |
$5500 | $2721 | $2721 |
$2000 | $990 | $990 |
$7000 | $3464 | $3464 |
Example for Parent PLUS and Graduate PLUS loans:
|
Loan amount Academic year |
Fall Disbursement | Spring Disbursement |
$20,000 | $9578 | $9578 |