Financial Aid
Mailing Address
Cleveland State University
2121 Euclid Avenue
UN 440
Cleveland, OH 44115-2214
Campus Location
Allin1 Enrollment Services
2121 Euclid Avenue
BH 116
Cleveland, OH 44115-2214
Phone: 216.687.5411
Toll Free: 888.CSUOHIO
Fax: 216.687.5491
allin1@csuohio.edu
Federal Sequester Impacts Federal Loan Origination Fees
Effective December 1, 2013 the Stafford origination fees are increasing from 1.051% to 1.072%. The Graduate PLUS and PLUS loan origination fees are increasing from 4.204% to 4.288%. This change effects new loans where the first disbursement occurs on or after December 1, 2013.
Direct Loan Program Loan Fee Amounts
|
|||
Loan Type
|
Impacted Loans
|
Loan Fee Percent
|
Fee on a Loan Amount Of
|
Direct Subsidized Loans and
Direct Unsubsidized Loans
|
First Disbursed Prior to
July 1, 2013
(No Sequester)
|
1.00
Percent
|
$55.00 on a
$5,500 loan
|
First Disbursed on or
after July 1, 2013 and Before
November 30, 2013
|
1.051
Percent
|
$57.80 on a
$5,500 loan
|
|
First Disbursed on or
after December 1, 2013 and
Before September 30, 2014
|
1.072
Percent
|
$58.96 on a
$5,500 loan
|
|
Direct PLUS Loans
(Parent and Grad/Prof
Student)
|
First Disbursed Prior to
July 1, 2013
(No Sequester)
|
4.00
Percent
|
$400 on a
$10,000 loan
|
First Disbursed on or
after July 1, 2013 and Before
November 30, 2013
|
4.204
Percent
|
$420.40 on a
$10,000 loan
|
|
First Disbursed on or
after December 1, 2013 and
Before September 30, 2014
|
4.288
Percent
|
$428.80 on a
$10,000 loan
|
|
Loan fee calculations that result in more than two decimal points must be
truncated to two decimal points (cents).
|
Mailing Address
Cleveland State University
2121 Euclid Avenue
UN 440
Cleveland, OH 44115-2214
Campus Location
Allin1 Enrollment Services
2121 Euclid Avenue
BH 116
Cleveland, OH 44115-2214
Phone: 216.687.5411
Toll Free: 888.CSUOHIO
Fax: 216.687.5491
allin1@csuohio.edu