Origination Fee Changes for Direct Sub/Unsub, Parent PLUS, and Grad PLUS Loans
The loan origination fees are:
Fees for loans disbursed on or after Oct 1, 2015 and before Oct 1, 2016
Fees for loans disbursed on or after Oct 1, 2016 and before Oct 1, 2017
|Direct Subsidized/Unsubsidized Loans||1.068 percent||1.069 percent|
|Direct Parent PLUS Loans||4.272 percent||4.276 percent|
|Direct Graduate PLUS Loans||4.272 percent||4.276 percent|
How Your Loans Will be Affected
- You will not be able to accept your Direct loan using LionPath from Wednesday, September 28 – October 5–6 (updated 10/4).
- Your disbursement may be slightly delayed. Disbursements on any federal loans will stop the night of Friday, September 30 and resume October 5–6 (updated 10/4).
- Awarding of new loans will stop Friday, September 23 and resume October 5–6 (updated 10/4).
Follow Up Actions
If you have previously accepted your Direct loan but it has not yet disbursed, then your loan will be automatically reinstated after October 5 (updated 10/4).
If you did not accept your Direct loan, you can accept it in LionPATH.