News topic: "Financial Aid"

New Federal Direct Loan Origination Fees

August 29, 2014

Due to the continuing federal budget sequester, loan origination fees paid by borrowers will increase for the Federal Direct Subsidized Loans, the Federal Direct Unsubsidized Loans, and the Federal Direct Parent Loan for Undergraduate Students (PLUS) Loans effective October 1, 2014. For Federal Direct Subsidized and Unsubsidized Loans whose first disbursement occurs on or after […]

New Federal Direct Loan Interest Rates

June 16, 2014

On May 15, 2014, the Department of Education announced new interest rates for the Federal Direct Subsidized Loans, Federal Direct Unsubsidized Loans, and Federal Direct PLUS Loan (Parent Loan for Undergraduate Students) with a first disbursement on or after July 1, 2014 through June 30, 2015. The interest rates are the sum of a uniform […]