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202425FAFSA Specifications Guide Volume 5 Edits and Rejects May 2023 U.S. Department of Educations Federal Student Editable of ContentsAcronyms .......................................................................................................................................

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What is interest rates and fees?

Interest rates and fees are charges imposed by lenders on borrowers for the use of their money.

Who is required to file interest rates and fees?

Lenders and financial institutions are required to file interest rates and fees.

How to fill out interest rates and fees?

Interest rates and fees can be filled out by providing details of the charges imposed on borrowers.

What is the purpose of interest rates and fees?

The purpose of interest rates and fees is to compensate lenders for the risk of lending money.

What information must be reported on interest rates and fees?

Information such as the interest rate charged, any additional fees, and the total amount payable must be reported on interest rates and fees.

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