|
Special
Allowance Rates Calculated from
|
LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
|
|
TO: |
Lenders |
DATE: |
January 6, 1997 |
TOPIC: |
Special Allowance Rates Calculated
from Quarter ending 12/31/96 |
To assure that your Common Manual remains current, please record this document on your LPM/LPB index, and retain it in Appendix E of your manual.
| Annual Rate | Allowance at Annual Rate |
Quarterly Factor |
|---|---|---|
| Loans prior to 10/1/81 7% 9% |
.016525 .00 |
.0040625 .0000 |
| Loans from
10/1/81 to 11/16/86 7% 8% 9-14% |
.0161 .0061 .00 |
.004025 .001525 .0000 |
| Loans from
11/16/86 to 10/1/92 7% 8% 8.26% 8.41% - 14% |
.0136 .0036 .001 .00 |
.0034 .0009 .00025 .0000 |
| Loans from
10/1/92 to 7/1/95 6% 7% 8% 8.25% - 14% |
.0221 .0121 .0021 .00 |
.005525 .003025 .000525 .0000 |
| Loans on/after 7/1/95 only during in-school,grace and
deferment 7.66% .00 .0000 |
||
| Tax-exempt Loans | ||
|---|---|---|
| Tax-exempt loans prior to 10/1/81 7% 9% |
.025 .005 |
.00625 .00125 |
| Tax-exempt
loans from 10/1/81 6% 7% 7.66% 8% 8.25% 8.26% 8.41% 8.72% 9% 10%-14% |
.035 .025 .0184 .015 .0125 .0124 .0109 .0078 .005 .00 |
.00875 .00625 .0046 .00375 .003125 .0031 .002725 .00195 .00125 .0000 |
The average bond equivalent rate of the ninety-one day Treasury bills auctioned during the quarter ending December 31, 1996 is 5.11%