• Interest Rate and Fees

    For loans disbursed after July 1, 2013, the interest rate is fixed at 6.41% (disbursement is the payment of the loan proceeds by the lender).

    Borrowers are charged, by the federal government, an up-front origination fee of 4.204% of the principal amount of the loan. The fee will be proportionally deducted from each loan disbursement.