Reminders & Updates
Federal Direct Loans: Origination Fee Changes
Posted on October 18, 2014
Due to the Federal Sequester, any federal loans that are disbursing for the first time on or after December 1, 2013 will receive a new increased origination fee of 1.072% for Stafford Loans and 4.288% for Parent and Graduate Plus Loans. Those loans that have already had a first disbursement before December 1, 2013 will be charged the original 2013-2014 academic year origination fee (1.051% for Stafford Loans and 4.204% for Parent and Graduate Plus Loans) for any subsequent disbursements.
Please click here if you are interested in more information regarding the increase and the effects of the Sequester on federal aid programs.