Reminder: USA Funds’ Federal-Default-Fee Policy Changes July 1

USA Funds^® reminds customers that its federal-default-fee policy will change effective July 1. As it announced in January, USA Funds will subsidize the federal default fee only on graduate PLUS loans for lenders that subsidize the fee on all of their Stafford loans guaranteed by USA Funds.

To ensure loans are processed under the current federal-default-fee policy, USA Funds advises customers that application-send files must be received by 9 p.m. EDT on June 30.