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Shoptalk 117, May 2001
 

Index Change for PLUS and SLS Interest Rates

Last December, student-loan related provisions of the Consolidated Appropriations Act, 2001, included a change to the index for calculating PLUS and SLS loan interest rates for loans that base rates on the 52-week Treasury bill. Starting July 1, 2001, the new index will be the weekly average one-year constant maturity Treasury yield, as published by the Federal Reserve, for the calendar week ending on or before the preceding June 26.

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