Origination Fees

Origination fees are subtracted from the amount borrowed.

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%

For loans disbursed on or after October 1, 2020, and before October 1, 2023:

  • Subsidized/Unsubsidized fee is 1.057%
  • Direct PLUS (parent/gradaute/professional) fee is 4.228%

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