; and (B) shall accrue at the rate equal to the high yield of the 10-year Treasury note applicable to such loan under subsection (b)(9), in the case of a borrower of an unsubsidized loan with an expected family contribution of more than $10,000 (computed in accordance with part F of this title). . (c) Effective Date The amendments made by subsections (a) and (b) shall take effect as if enacted on July 1, 2017. 4. Elimination of origination fees for Federal Direct Loans (a) Sense of Congress It is the sense of Congress that no origination fees should be charged on any future Federal Direct Loans. (b) Repeal of origination fees Subsection (c) of section 455 of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(c) ) is repealed. (c) Effective date The amendment made by subsection (b) shall apply with respect to loans made under part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq.) for which the first disbursement of principal is made, or, in the case of a Federal Direct Consolidation Loan, the application is received, on the first July 1 after the date of enactment of this Act.