Origination Fees
Federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive while enrolled in school. This means the money you receive will be less than the amount you actually borrow. You are responsible for repaying the entire amount you borrowed and not just the amount you received. Origination fees may change each year.
Information on origination fees for all Federal loan types is available from:
http://studentaid.gov/sa/types/loans/interest-rates#fees
The University's Cost of Attendance takes origination fees into account for Direct Loans so that maximum net borrowings are sufficient to cover educational costs.
Interest Rates
The interest rate varies depending on the loan type and the first disbursement date of the loan. Interest rates change each year from 1st July.
https://studentaid.gov/understand-aid/types/loans/interest-rates