In order to borrow a loan, you must:
The origination fee for loans disbursed after October 1, 2020 is 4.228%. Loans disbursed after October 1, 2021 may have a different origination fee.You can choose to add the PLUS Loan origination fee into your principal loan amount to ensure that the total disbursement is 100% of the amount you requested above.For example:
Scenario 1: A Total Loan Amount Requested of $50,000 with adding the origination fee would equal a principal loan amount of $52,206 and would yield a disbursed amount of $50,000 ($52,206 x 95.772%).
Scenario 2: A Total Loan Amount Requested of $50,000 without adding the origination fee would yield a disbursed amount of $47,886 ($50,000 x 95.772%).
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