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Aside from interest, will there be a payment because of this loan?

Aside from interest, will there be a payment because of this loan?

Yes, there was that loan charge on all Direct Subsidized Loans and Direct Unsubsidized Loans. The mortgage charge is a portion associated with loan quantity and it is proportionately deducted from each loan disbursement. The portion differs dependent on as soon as the loan is first disbursed, as shown within 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

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