Loan Fee Calculator

Federal Loan Origination Fee Calculator 

Federal Subsidized, Unsubsidized, Parent PLUS, and Graduate PLUS Loans include an origination fee, which is part of the principal loan amount (the total amount to be repaid). The fee is deducted from the amount disbursed (applied to your student account) with the University.

The origination fees for loans disbursed after October 1, 2020 are:

• 1.057% Subsidized and Unsubsidized Loans
• 4.228% Parent PLUS and Graduate PLUS Loans

For example:

• A Federal Subsidized or Unsubsidized Loan of $5,500 would have a disbursed amount of $5,442.
• A Federal Parent PLUS or Graduate PLUS Loan of $5,500 would have a disbursed amount of $5,268.

The Federal Loan Origination Fee Calculator can tell you the amount that will disburse/be applied to your bill after the origination fee or the amount you should request to borrow to get a specific amount disbursed/applied to your account. Keep in mind that the calculator rounds to the nearest dollar and actual amounts may vary slightly because of this. You can view the actual loan fee (after it is accepted in ConnectCarolina)—view our How to Take Action on Loans video for details.

*Please Note: Loans are typically offered for the full academic year so the calculations below are based on the amount for both fall and spring semesters. Loans generally disburse evenly between fall and spring semesters so be sure to take this into consideration when you are looking to make reductions to the amount you want to borrow for the academic year.