Federal Loan Origination Fee Calculator
All Federal Direct Student Loans charge loan origination fees. These fees are automatically deducted at the time of disbursement and so the amount of loan funding that disburses to your student tuition account will be slightly less than the total amount that you are borrowing.
The calculator below can help you determine the amount that will disburse to your student tuition account based on the amount you're borrowing. If you are looking to have a specific amount disbursed to your student tuition account, you can also use this calculator to determine how much you will need to borrow to receive that disbursement.
Please refer to the Federal Student Loan pages for Graduate and Undergraduate students for more information on each of these loans, including interest rates, fees and loan limits
Students should reference their financial aid eligibility notice to determine their maximum eligibility for loan types outlined below.
| Loan Type | Origination Fee (%) |
|---|---|
| Direct Subsidized (Undergraduate Only) | 1.057 |
| Direct Unsubsidized | 1.057 |
| Direct Parent PLUS (Parents of undergraduate dependent students only) | 4.228 |
| Direct Graduate PLUS | 4.228 |