|
Federal Updates
Loan Purchase Programs update
On July 16, ED published Ensuring Continued Access to Student Loans (ECASLA) announcement #67, which announces a 0.91 percent participant yield rate for the quarter ending September 30, 2009. This rate should be used when calculating Participant (i.e., ED's) Yield on Participation Principal balances that have been funded by ED during the quarter of July 1, 2009, through September 30, 2009.
More information
The complete announcement and attachments are available on ED's ECASLA Web site at http://federalstudentaid.ed.gov/ffelp/library/EA67.doc.
 Back to Top
New NSLDS guidance released
ED has recently posted three new pieces of NSLDS reference materials to the Information for Financial Aid Professionals (IFAP) Web site:
More information
Visit the IFAP page to access the full text of the materials. For questions, please contact TG customer assistance at (800) 845-6267, or send an e-mail message to cust.assist@tgslc.org.
Back to Top
Current special allowance rates: quarter ending June 30, 2009
The following rates apply for the quarter ending June 30, 2009:
- The average of the bond equivalent rates of the 91-day Treasury bills auctioned during the quarter ending June 30, 2009, is 0.18 percent.
- The average of the bond equivalent rates of the quotes of the three-month commercial paper (financial) rates in effect for each of the days in the quarter ending June 30, 2009, is 0.41 percent.
The FFELP special allowance rates for the most recent quarter are available on TG Online at www.tgslc.org/policy/index.cfm.
Questions
For questions about special allowance rates, contact TG customer assistance at (800) 845-6267, or send an e-mail message to cust.assist@tgslc.org.
Back to Top
|
