Origination Fees

Loan origination fees charged by the Department of Education decreased on October 1, 2017


                      Origination fees are subtracted from the amount borrowed

For loans disbursed after October 1, 2017 and before October 1, 2018:

  • Subsidized and unsubsidized loan fee is 1.066%
  • Direct PLUS loans (parent and graduate/professional student borrowers) fee is 4.264%

For loans disbursed after October 1, 2016 and before October 1, 2017,

  • Subsidized and unsubsidized loan fee is 1.069%
  • Direct PLUS loans (parent and graduate/professional student borrowers) fee is 4.276%.