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Federal Updates

Decreased Loan Fees for Federal Direct Loans Begin October 1

The Federal Department of Education has instituted some changes to loan fees for Federal Direct Loans. Origination fees for Stafford and PLUS loans will decrease beginning October 1, 2015.

The loan fees for subsidized and unsubsidized Stafford loans will decrease from 1.073% to 1.068%. Parent and Graduate PLUS loan fees will decrease from 4.292% to 4.272%.

Interest Rates for Direct Loans First Disbursed on or After July 1, 2017

Loan Type

Borrower Type

Loans first disbursed on or after 7/1/17 and before 7/1/18

Direct Subsidized Loans

Undergraduate

4.45%

Direct Unsubsidized Loans

Undergraduate

4.45%

Direct Unsubsidized Loans

Graduate or Professional

6%

Direct PLUS Loans

Parents and Graduate or Professional Students

7%

FAFSA Changes for 2017-2018