Loan Fee Calculator
When considering the amount of loan funds you wish to borrow, it is important to take into account not only tuition and fees, but also additional budget items such as housing and food, transportation, books and supplies, and other miscellaneous expenses. Detailed budgets for varying programs and enrollment statuses can be found here www.purdue.edu/dfa/cost/index.html.
Please note the following! A loan fee is not the same as its interest rate. The loan fee is a fee deducted from the borrowed amount at the time of origination. Actual offered loan amounts may be limited by the calculated cost of attendance, grade level, enrollment status, aggregate limits, Expected Family Contribution (EFC), or other eligibility criteria. The amount listed in the “Loan amount after fee” field will be divided, with half of the amount applying to the fall invoice and half applying to the spring invoice, if you are attending for the academic year. Actual loan amounts may vary slightly, due to rounding with the calculator. The calculator is intended to provide an estimate only. Additional information regarding the loans present in this calculator can be found here www.purdue.edu/dfa/types-of-aid/loans/index.html.
*Rounded to nearest dollar - actual amounts may vary slightly due to rounding