Most federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received. The information below shows the loan fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans disbursed on or after October 1, 2020 and before October 1, 2021.  

  • Direct Subsidized and Direct Unsubsidized Loans: 1.057% 
  • Direct PLUS Loans: 4.228%