Apart from interest, will there be a fee for this loan?

Apart from interest, will there be a fee for this loan?

Yes, there was that loan fee on all Direct Subsidized Loans and Direct Unsubsidized Loans. The mortgage charge is a share regarding the loan quantity and it is proportionately deducted from each loan disbursement. The portion varies based on once the loan is first disbursed, as shown into the chart below.

Loan Costs for Direct Subsidized Loans and Direct Unsubsidized Loans

First Disbursement Date

Loan Fee

On or after Oct. 1, 2017, and before Oct. 1, 2018

On or after Oct. 1, 2018, and before Oct. 1, 2019

Loans first disbursed ahead of Oct. 1, 2017, have actually different loan costs.