DIRECT LOAN ORIGINATION FEE REDUCED EFFECTIVE OCTOBER 1, 2015

Because the Budget Control Act of 2011 (the sequester law) remains in effect, sequester-required changes for Federal fiscal year 2016 (FY 2016) will be required effective October 1, 2015.

The loan origination fees on all loans where the first disbursement is made on or after October 1, 2015 will be:

  • The loan fee for Direct Subsidized Loans and for Direct Unsubsidized Loans is 1.068%.
  • The loan fee for Direct PLUS Loans (for both parent borrowers and graduate and professional student borrowers) is 4.272%.

For more information click here: http://bit.ly/29mybj3

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