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Check City Lakewood

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

Yes, there was that loan cost 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 according to as soon as the loan is first disbursed, as shown into the chart below.

Loan Fees for Direct Subsidized Loans and Direct Unsubsidized Loans

First Disbursement Date

Loan Fee

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