2022-2023 Changes to Origination Fees
There will be no change in the Origination Fees for Direct Loans in 2022. The fee will remain at 1.057% for the Federal Unsubsidized Loan, and 4.228 % for the Federal Graduate PLUS Loan.
The Federal Government takes an Origination Fee off the top of each loan you borrow after the loan is disbursed. What is applied to your Chicago-Kent student account is the Net Amount (Gross Amount less Origination Fees).