Effective December 1, 2013 the Stafford origination fees are increasing from 1.051% to 1.072%. The Graduate PLUS and PLUS loan origination fees are increasing from 4.204% to 4.288%. This change effects new loans where the first disbursement occurs on or after December 1, 2013.
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Direct Loan Program Loan Fee Amounts
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Loan Type
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Impacted Loans
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Loan Fee Percent
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Fee on a Loan Amount Of
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Direct Subsidized Loans and
Direct Unsubsidized Loans
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First Disbursed Prior to
July 1, 2013
(No Sequester)
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1.00
Percent
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$55.00 on a
$5,500 loan
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First Disbursed on or
after July 1, 2013 and Before
November 30, 2013
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1.051
Percent
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$57.80 on a
$5,500 loan
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First Disbursed on or
after December 1, 2013 and
Before September 30, 2014
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1.072
Percent
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$58.96 on a
$5,500 loan
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Direct PLUS Loans
(Parent and Grad/Prof
Student)
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First Disbursed Prior to
July 1, 2013
(No Sequester)
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4.00
Percent
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$400 on a
$10,000 loan
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First Disbursed on or
after July 1, 2013 and Before
November 30, 2013
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4.204
Percent
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$420.40 on a
$10,000 loan
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First Disbursed on or
after December 1, 2013 and
Before September 30, 2014
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4.288
Percent
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$428.80 on a
$10,000 loan
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Loan fee calculations that result in more than two decimal points must be
truncated to two decimal points (cents).
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