MBA Finances

Federal Loans FAQ's

Is there a fee associated with taking out the loans?

Yes.

The Direct Subsidized/Unsubsidized Loan has a loan fee of 3.0%, which is deducted proportionately from each disbursement of your loan. Please note, however, Direct Loans provides an up-front 1.5% rebate to this fee, therefore the fee that is deducted from each loan disbursement is only 1.5%.

The Direct Grad PLUS Loan has a loan fee of 4.0%, which is deducted proportionately from each disbursement of your loan. Please note, however, Direct Loans provides an up-front 1.5% rebate to this fee, therefore the fee that is deducted from each loan disbursement is only 2.5%. Federal regulations allow you to add the amount of the fee to your requested loan amount--please refer to the Grad PLUS Loan Request Form for more details.