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Loan Origination Fees Increase

On December 1st student loan origination fees increased as a result of the 2014 Sequestration Changes.  All new Direct Unsubsidized Stafford loans created at your request will now carry a 1.072% origination fee, up from 1.051%.  All new Direct Graduate Plus loans created will carry a 4.288% origination fee, increased from 4.204%.

These changes will not affect the spring disbursement of the loan you borrowed at the beginning of the 2013/2014 school year.  You will only see a decreased refund amount of any loan increases requested throughout the remainder of the fall and spring semesters.

Don’t hesitate to contact our office if you have any questions!