Student Finance

Federal Loan Fees Calculator

Federal Loan Fees Calculator

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

The Federal Loan Calculator assists you in determining how much money you can expect to receive from your student loan or the amount you may need to accept in order to receive a specific net amount.

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


Loan Fee Rates

When you take out 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 are borrowing and is deducted proportionately from each disbursement of your loan. This fee will cause the amount awarded or accepted to differ from the amount received. You will need to take the loan fee into consideration when you request your loan amount.

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

Subsidized/Unsubsidized Loan 1.057 percent
Parent PLUS/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.

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Have questions?

Contact the Office of Student Finance.

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