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Loan Disbursements Date

**Federal Direct Subsidized and Unsubsidized Loan Fee Rebate: These loans have a 1.0% Origination Fee and offer a 0.5% Rebate on the Origination Fee. This results in a net Loan Fee of 0.5%, which will be deducted from the gross amount of the loan. If you fail to make 12 on-time monthly loan payments, you will be charged for the initial Rebate and it will be added back to the outstanding balance of the loan. If your first 12 monthly loan payments are made on time, the Rebate will become permanent.

**The Federal Direct PLUS Loan has a 4.0% Loan Fee and offers a 1.5% Rebate. This results in a net Loan Fee of 2.5%, which will be deducted from the gross amount of the loan. Borrowers who fail to make 12 on-time monthly loan payments will be charged for the initial Rebate and it will be added to the outstanding balance of the loan. If the first 12 monthly loan payments are made on time, the Rebate will become permanent.

Loan Disbursements for All Programs for 2011-2012 Federal Direct Loans and Alternative Loans