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Interest Rate and Fee

Interest Rate

The interest rate for loans first disbursed on or after July 1, 2016 is a fixed rate of 6.31 percent.

The interest rate for loans first disbursed on or after July 1, 2017 is a fixed rate of 7.00 percent.

 

Origination Fee

The origination fee for loans first disbursed on or after October 1, 2016 is 4.276 percent.

The origination fee for loans first disbursed on or after October 1, 2017 is 4.264 percent.

This fee is deducted from each loan prior to disbursement.

Penn State Federal School Code

003329

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