Changes to Loan Origination Fees for Direct Loan Borrowers

October 20, 2015

A series of mandatory across-the-board federal budget cuts known as sequestration went into effect in 2013. These cuts affect all federal government programs, including federal student financial aid.

As a result, effective October 1, 2015, loan origination fees for Direct Loan borrowers in the 2015-16 academic year will decrease slightly.