I just want to make sure I got this right. I'm a medical student. For subsidized federal direct loan, you don't accrue interest while you're still in school. But there is a total of 4% fee (3% origination fee + 1% federal default fee)? So say if you're awarded $1,000 per year of subsidized federal direct loan. At the time of graduation you owe 1,000 x 4 = $4,000??? But you really only get $960 per year because of the 4% total fee? Is there anything that I'm wrong about? Thanks.