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 and 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*
Graduates $20,500

*Independent students and students whose parents are denied a PLUS loan may be eligible for additional loan. Use the calculator below to determine how much will disburse to your account after you have determined the amount you will borrow and how much you will need to borrow to offset the origination fee.

Federal Direct PLUS Loans 

Federal Direct PLUS loans are for graduate students OR parents of 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 an undergraduate student’s COA is $74,590 and the student receives $55,500 in offered aid, the maximum amount the parent could borrow for the academic year would be:

$74,590 standard COA
+ $1,150 plus standard increase to the COA to cover loan fees
= $75,740 equals adjusted COA
- $55,500 minus amount of student's offered aid
= $20,240 equals the maximum amount that can be borrowed

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:
Loan Fee Percentage:
Enter the intended loan amount:
Calculated loan origination fee:
Amount disbursed after fee:
Loan amount needed to offset fee:

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