Sub/Unsub Student Loan Estimator
Cedarville has created this calculator to help undergraduate and graduate students figure out how much to request in Direct Subsidized or Unsubsidized Loans. It estimates the loan fee and adds it to the amount you want to receive.
What You Need to Know
- You cannot request more loan money than what has been offered. Federal regulations determine the maximum amount you’re allowed to borrow. If you want to borrow less than the full amount they’ve offered, this estimator tool can help you figure out the exact amount you should request.
- When your Direct Loan is sent to Cedarville and applied to your student account, the U.S. Department of Education automatically subtracts the loan fee, so the amount you receive is less than what you originally borrowed.
- Loan fees change each year on October 1 and stay the same until September 30 of the next year.
- The current loan fee for Subsidized/Unsubsidized Loans is 1.057%.
Important Reminders
- This calculator provides only an estimate. You are responsible for checking your student bill and adjusting your loan amounts if needed.
- This tool will get you close—usually within a few dollars—but the Department of Education determines the final disbursement amount using its own rounding rules.
- Cedarville is not responsible for incorrect loan requests. Be sure to review your bill regularly to stay in good standing with the Cashier’s Office.
- Your student bill is a “live bill,” meaning it can change as new charges are added (such as Campus Store purchases, UMS charges, etc.).