As of October 1, 2013, the federal sequester increases the origination fees charged to Direct Loan borrowers beyond the July 2013 increases. However, the new loan fee percentages will apply only to loans where the first disbursement is made on or after December 1, 2013.
The new loan fees will be:
The loan fees on Direct Loans where the first disbursement was or will be made on or after July 1, 2013 and prior to December 1, 2013 continue to be those rates in effect since July 2013 - 1.051% for Direct Subsidized and Direct Unsubsidized Loans and 4.204% for Direct PLUS Loans, regardless of when any second or subsequent disbursements are made.
A loan is borrowed money that must be repaid with interest.
The University of North Texas participates in the William D. Ford Federal Direct Loan program which allows you to borrow loan funds directly from the U.S. Department of Education. This program will give you and your parents a more stable, streamlined, and predictable borrowing experience. Read the FAQs about the Direct Loan program.