Loan Origination Calculator

Origination Fee Rates

When you take out a federal student loan, you will be charged an origination fee by the U.S. Department of Education. This fee is a percentage of the total loan amount you are borrowing and is deducted proportionately from each disbursement of your loan. 

Because this fee reduces the actual loan amount you will receive, you will need to take the origination fee into consideration when you request your loan amount.

Current loan origination fees for loans first disbursed on or after October 1, 2020 are:

Stafford Loan 1.057 percent
Grad PLUS Loan 4.228 percent

The specific loan fee that you are charged will be included in a disclosure statement sent to you after the first disbursement of your federal student loan.


Federal Loan Origination Fee Calculator

An important part of paying for your education through loans is knowing how much you'll need and being careful not to overborrow. Teachers College will generally offer the maximum amount of federal loans you may be eligible to receive, but this does not mean you need to request the full amount. Please feel free to use the Federal Loan Calculator below to calculate the amount you will borrow or the amount that will disburse based on the origination fee for either loan type.

All amounts below are represented in U.S. dollars:

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