Origination Fee and Up-Front Interest Rebate Reductions for Direct Subsidized Loans and Direct Unsubsidized Loans
5 February 2010
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As part of the changes to the student loan programs made by the Higher Education Reconciliation Act of 2005 (the HERA), Pub. L. 109-171, the origination fee for Direct Subsidized Loans and Direct Unsubsidized Loans will again be reduced, as will the up-front interest rebate. In this announcement the Department of Education provides operational guidance for schools and third party software providers on implementing these latest reductions in the origination fee and the up-front interest rebate.
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