Sec. 4. Elimination of origination fees for Federal Direct Loans

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It is the sense of Congress that no origination fees should be charged on any future Federal Direct Loans. Subsection

(c)of section 455 of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(c) ) is repealed. The amendment made by subsection

(b)shall apply with respect to loans made under part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq.) for which the first disbursement of principal is made, or, in the case of a Federal Direct Consolidation Loan, the application is received, on the first July 1 after the date of enactment of this Act.

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U.S. Code

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Sec. 4

Elimination of origination fees for Federal Direct Loans

U.S.C.§ 1087e

U.S.C.§ 1087a

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