Category: Student Accounts FAQs
My award letter says my Direct Unsubsidized loan is $2,750, but my student account and billing statement show $2,721.00 Why?
There is a 1.059% Loan Origination Fee for Federal Direct Student Loans, and a 4.236% Loan Origination Fee for Federal Direct PLUS Loans. The award letter reflects the amount you repay; your student account and invoice reflects the net amount you receive. The
Loan Origination Fee Estimator will help you to determine the net amount of your loans after the origination fees are withheld.
