Student Finance

Federal Loan Fees Calculator

Federal Direct Student Loan Fees Calculator

An important part of paying for your education through loans is knowing how much you need to borrow and being careful not to overborrow.

The Federal Student Loan Calculator assists you in determining how much money you can expect to receive from your federal student loan after the loan fee is deducted from the loan disbursement (net amount) or the amount you may need to accept in order to receive a specific net amount.

Federal student loans can only be processed in whole dollar amounts. All amounts below are represented in U.S. dollars.


Loan Fees

When you borrow a federal student loan, you will be charged a loan fee by the U.S. Department of Education.

This fee is a percentage of the total loan amount you borrow, and is deducted proportionately from each disbursement of the loan. This fee will cause the amount accepted (gross amount) to differ from the amount disbursed (net amount) to your Hofstra account. You will need to take the loan fee into consideration when accepting the loan amount you need to borrow.

Loan fees for Federal Direct Student loans for graduate students first disbursed on or after 10/1/20 and before 10/1/24 are:

Unsubsidized Loan 1.057%
Graduate PLUS Loan 4.228%


Loan fee assessment information is included in the disclosure statement sent to you after the first disbursement of your federal student loan.

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Have questions?

Contact the Office of Student Finance.

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