Consider the following questions concerning the potential impact of the Federal Default Fee:

• What information about loan fees needs to be communicated to your borrowers
• How is that information communicated today?
• Is it easier to convey an “average” or “typical” fee amount rather than the specific fee amount?
• What training regarding the Federal Default Fee needs to be provided to your staff?
• Do you include loan fees in your cost of attendance? If so, are the fees calculated specifically for each borrower, or is an “average” figure used?
• What are the other potential operational impacts of the Federal Default Fee?

For additional assistance, contact your USA Funds ^® Services representative .