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Monday, July 04, 2005
Other than interest, is there any charge to get the loans?
You’ll pay a fee of up to 4 percent of the loan, deducted proportionately from each loan disbursement. (Part of the fee is for insurance used to pay off loan defaults; the rest reduces the cost of the loan to the government.) Because of this deduction, you’ll receive slightly less than the amount you’re borrowing.
- posted by Mark Pane @ 8:14 PM
