As of October 1, 2013, the sequester increases the origination fees charged to Direct Loan borrowers beyond last year's increases. However, taking into account all of the underlying circumstances, including operational requirements, the new loan fee percentages will apply only with regard to loans where the first disbursement is made on or after December 1, 2013. The new loan fees are 1.072 percent for Direct Subsidized Loans and Direct Unsubsidized Loans and 4.288 percent for Direct PLUS Loans (both parent and graduate student PLUS Loans).
New Resource Available: FAFSA Tips and Common Mistakes to Avoid
Direct Stafford Loans are changing for the 2013-14 academic year - https://studentaid.ed.gov/About/announcements/interest-rate
Students who are applying for the Grad PLUS Loan for the 2014-2015 academic year must wait until July 1, 2014 to apply because the credit check is only good for 90 days. If you have any questions please contact us.