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Does NSLP charge a federal default fee? Does the borrower have to pay it?

April 26, 2017borrower charge Default Federal fee NSLP pay

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Does NSLP charge a federal default fee? Does the borrower have to pay it?

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Beginning with all Stafford, Grad Plus and Parent PLUS loans guaranteed on or after February 1, 2008, NSLP will reduce it’s default fee to collect ½ percent instead of the required 1 percent fee.