Trends and Issues

Policy Potpourri

Q.: Currently, the origination fee for Stafford loans first disbursed on or after July 1, 2008, is 1 percent. What is the origination fee for Stafford loans for the 2009-10 award year?

A.: The origination fee for Stafford loans first disbursed on or after July 1, 2009, will be 0.5 percent. For parent and Grad PLUS loans, the origination fee continues to be 3 percent. In addition, as a direct benefit to borrowers, TG continues to pay the 1 percent federal default fee on behalf of its borrowers for federal Stafford and PLUS loans for the 2009-10 award year.

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