Quick federal loan question

sk8rmom
Thu, 03 Jun 2010 21:40:24 +0000

I’ve seen the 7.9 on several (direct, of course) school websites. Maybe now that everyone is doing direct loans the former FFEL rate applies? The Plus has a 4% origination fee but it’s discounted to 2.5% at the time of disbursement and the other 1.5% is waived if the first 12 payments are made on time, otherwise it’s added to the payment amount I think.