|
Money Matters
The average of the bond equivalent rates of 91-day Treasury bills auctioned during the quarter ending June 30, 1999 is 4.60%.
| SPECIAL ALLOWANCE RATES |
| Eligible Loans |
 |
Applicable Interest
Rate % |
|
Annual
Specialized
Alowance
Rate |
|
Special
Allowance
for Quarter
Ending 6/30/99 |
| Loans made prior to 10/1/81 |
7 |
.01125 |
.002813 |
| Tax exempt loans made on or after 10/1/80, but prior to 10/1/81 |
7 |
.025 |
.00625 |
| 9 |
.005 |
.00125 |
| Loans made on or after 10/1/81, but prior to 11/16/86 |
7 |
.0110 |
.00275 |
| 8 |
.0010 |
.00025 |
| Tax exempt loans made on or after 10/1/81 |
6 |
.035 |
.00875 |
| 6.86(var) |
.0264 |
.0066 |
|
7 |
.025 |
.00625 |
|
7.46(var) |
.0204 |
.0051 |
|
7.66(var) |
.0184 |
.0046 |
|
8 |
.015 |
.00375 |
|
8.25(var) |
.0125 |
.003125 |
|
8.26(var) |
.0124 |
.0031 |
|
8.41(var) |
.0109 |
.002725 |
|
8.53(var) |
.0097 |
.002425 |
|
9 |
.005 |
.00125 |
Subsidized Stafford loans made on or after 10/17/86, but prior to 10/1/92, and unsubsidized Stafford loans made prior to 10/1/92, for periods of enrollment beginning on or after 10/1/92, and Consolidation loans made on or after 11/16/86, but prior to 10/1/92 |
7 |
.0085 |
.002125 |
| 8 |
.00 |
.00 |
| 8.26(var) |
.00 |
.00 |
| 8.41(var) |
.00 |
.00 |
Subsidized and unsubsidized Stafford and Consolidation loans made on or after 10/1/92 |
6 |
.0170 |
.00425 |
| 7 |
.0070 |
.00175 |
| 8 |
.00 |
.00 |
|
8.25(var) |
.00 |
.00 |
|
8.26(var) |
.00 |
.00 |
Subsidized Stafford loans and unsubsidized Stafford loans made on or after 7/1/95, but prior to 7/1/98, only during the in-school, grace, and deferment periods. |
7.66(var) |
.00 |
.00 |
Subsidized Stafford loans and unsubsidized Stafford loans made on or after 7/1/98, but prior to 7/1/03, only during the in-school, grace, and deferment periods. |
6.86(var) |
.00 |
.00 |
Subsidized Stafford loans and unsubsidized Stafford loans made on or after 7/1/98, but prior to 7/1/03, except during the in-school, grace, and deferment periods. |
7.46(var) |
.00 |
.00 |
|
