Federal Loan Origination Fee Calculator

How Much Can I Borrow?

Federal Direct Loans 

Federal Direct Loans are available to undergraduate and graduate students who are U.S. citizens or permanent residents regardless of the demonstration of eligibility for need-based aid.

These loans have annual borrowing limits based on grade level. These limits are: 

Freshmen $ 5,500
Sophomores $ 6,500
Juniors & Seniors $ 7,500

In addition to the annual loan limits listed above, independent undergraduates may also borrow a Federal Direct Unsubsidized Loan, up to these amounts:

  •  Freshmen and Sophomores: $4,000
  •  Juniors and Seniors: $5,000
Graduates Graduate students may borrow up to $20,500 in Federal Direct Unsubsidized Loans only.


Federal Direct PLUS Loans 

Federal Direct PLUS Loans are for graduate students OR parents of dependent undergraduate students, and are available regardless of whether the family demonstrates eligibility for need-based aid.

Both the Grad PLUS and the Parent PLUS Loans can be borrowed in amounts up to the student's Cost of Attendance (COA) minus any aid the student is offered, plus standard origination fees.

For example, if a dependent undergraduate student’s COA is $81,320 and the student receives $55,500 in offered aid, the maximum amount the parent could borrow for the academic year would be:

$81,320 Standard COA
+ $1,390 plus standard increase to the COA to cover PLUS Loan fees
= $82,710 equals adjusted COA
- $55,500 minus amount of student's offered aid
= $27,210 equals the maximum amount that can be borrowed

An origination fee is a percentage of your loan amount charged by the lender for the processing of your loan. Federal student loans have an origination fee; therefore, the amount you may receive as a disbursement may be slightly lower than the amount you accept.

Loan fees for Federal Direct Subsidized and Unsubsidized Loans with a first disbursement on or after October 1, 2020 are 1.057%; loan fees for Federal Direct PLUS Loans are 4.228%. These fee percentages are used in the calculation below.

Use the calculator below to determine the amount of money that you will either receive after fees are applied or the increased amount you need to request to cover the origination fees. All amounts below are represented in U.S. dollars.

Select a loan type:
Origination Fee:
Enter the intended loan amount:


Calculated loan origination fee:
Amount disbursed after fee:

Loan amount needed to offset fee:
(subject to applicable loan limits)

*Rounded to nearest dollar - actual amounts may vary slightly due to rounding