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Except that interest, will there be a payment for this loan?

Except that interest, will there be a payment for this loan?

Yes, there was a loan cost on all Direct Subsidized Loans and Direct Unsubsidized Loans. The mortgage charge is a portion for the 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 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