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Other Charges on Account
Interest: Your account statement will reflect the interest rate for your debt. Interest will accrue on the unpaid principal balance 30 days after the initial debt notification date. Administrative Fees: A $15.00 administrative fee will be assessed biannually as a charge for DFAS handling your account Penalty Charges: Penalty Charges equal to 6 percent of the unpaid principal balance will accrue on your account if there are no payments received within 121 days of the initial debt notification date. What happens if I don’t pay my debt? Contact Us
Page Updated December 28, 2020