Special Allowance Rates
Special Allowance Rates for Stafford and PLUS Loans for the Quarter Ending June 30, 2006
Please Note: 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, 2006 averaged 4.83%. 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% |
1.375% |
.3438% |
SA |
7.00% 8.00% |
1.33% .33% |
.3325% .0825% |
SB |
6.10% 6.25% 7.00% 8.00% |
1.98% 1.83% 1.08% .08% |
.4950% |
SD |
6.10% |
1.83% |
.4575% |
SE |
6.10% (Stafford) 7.00% (Stafford) 6.50% (PLUS) |
1.83% .93% 1.43% |
.4575% .2325% .3575 % |
SG |
5.50% |
1.83% |
.4575% |
SH |
4.70% |
2.33% |
.5825% |
SJ |
5.30% |
2.33% |
.5825% |
SK |
The Commercial Paper (CP) Rate for the same quarter averaged 5.22%.
(Information Updated - Refer to the October/November 2006 Volume of Loan Notes for details)
| Loan Interest Rate | Special Allowance Annual Rate | Special Allowance Quarterly Rate | LaRS (Lender Reporting System) Part III: Special Allowance Category Column E* |
4.70% |
2.26% |
.5650% |
CA, CE |
5.30% |
2.26% |
.5650% |
CB, CF |
6.10% (PLUS) |
1.76% |
.4400% |
CD, CH |
* 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.