Interest Rates and Fees

For loans disbursed after July 1, 2020, the interest rate is fixed at 5.30% (disbursement is the payment of the loan proceeds by the lender).

Borrowers are charged, by the federal government, an up-front origination fee of 4.236% of the principal amount of the loan. The fee will be proportionally deducted from each loan disbursement.

• Eligibility
• Repayment
• Application Process