Special Allowance Rates
Special Allowance Rates for Stafford and PLUS Loans for the Quarter Ending June 30, 2005
The applicable Special Allowance Rates for Consolidation loans and for loans made or purchased with tax-exempt funds are available at www.ifap.ed.gov.
The Treasury Bill (T-bill) rate for the quarter ending June 30, 2005 averaged 2.94%. The categories for which Special Allowance was paid on loans made or purchased with taxable funds are:
| Loan Interest Rate | Special Allowance Annual Rate | Special Allowance Quarterly Rate | LaRS (Lender Reporting System) Part III: Special Allowance Category Column E* |
7.00% 9.00% |
0 0 |
0 0 |
SA |
7.00% 8.00% 9.00% |
0 0 0 |
0 0 0 |
SB |
4.17% 4.32% 7.00% |
2.02% 1.87% 0 |
.5050% |
SD |
4.17% |
1.87% |
.4675% |
SE |
4.17% (Stafford)
5.26% (PLUS) |
1.87% .78% |
.4675% .1950% |
SG |
3.57% |
1.87% |
.4675% |
SH |
2.77% |
2.37% |
.5925% |
SJ |
3.37% |
2.37% |
.5925% |
SK |
The Commercial Paper Rate for the Quarter Ending June 30, 2005: 3.23%
| Loan Interest Rate | Special Allowance Annual Rate | Special Allowance Quarterly Rate | LaRS (Lender Reporting System) Special Allowance Category |
2.77% |
2.20% |
.5500% |
CA |
3.37% |
2.20% |
.5500% |
CB |
5.26%(PLUS) |
0 |
0 |
CD |
* For a detailed explanation of the Special Allowance codes, please visit the Integrated Common Manual (ICM) at www.aessuccess.org. To access the ICM, click on the word ‘Lenders’ under PARTNERS on the right-hand side of the screen. Then select ‘Integrated Common Manual & Addenda’ from the list that appears on the left-hand side of the screen. Click on ‘Integrated Common Manual’ to access the ICM. The Special Allowance codes are located in Appendix A, figure A-3.