Federal Direct Loans will see a slight increase in origination fees beginning December 1, 2013 for loans that have not disbursed by this date. For students enrolled in at least six hours for the fall semester, you must complete your Master Promissory Note (MPN) and Entrance Counseling prior to November 15, 2013, in order for your loan to disburse with the lower fees. As long as your loan disburses to your account prior to December 1, 2013, you will not experience a higher loan origination fee for the 2013-2014 year.
|Loan Type||Current Origination Fees
||Origination Fees on December 1, 2013
|Direct Subsidized Loans||1.051%||1.072%|
|Direct Unsubsidized Loans||1.051%||1.072%|
|Direct PLUS Loans (Parents and Graduate or Professional Students||4.204%||4.288%|
For more information, please contact the Financial Aid Office at email@example.com