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  • Interest Rate and Fees

    For loans disbursed after July 1, 2015, the interest rate is fixed at 6.84% (disbursement is the payment of the loan proceeds by the lender).

    Borrowers are charged, by the federal government, an up-front origination fee of 4.292% of the principal amount of the loan. The fee will be proportionally deducted from each loan disbursement. As of October 1, 2015, the origination fee will decrease to 4.272%.