Special Allowance Rates Calculated from Quarter Ending June 30, 1997 |
LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
|
|
TO: |
Lenders |
DATE: |
July 3, 1997 |
TOPIC: |
Special Allowance Rates Calculated from Quarter Ending June 30, 1997 |
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% |
.0175 .00 |
.004375 .0000 |
Loans from
10/1/81 to 11/16/86 7% 8% 9-14% |
.0171 .0071 .00 |
.004275 .001775 .0000 |
Loans from
11/16/86 to 10/1/92 7% 8% 8.26% 8.41% 9% - 14% |
.0146 .0046 .002 .0005 .00 |
.0365 .00115 .0005 .000125 .0000 |
Loans from
10/1/92 to 7/1/95 6% 7% 8% 8.25% 8.26% 8.72% - 14% |
.0231 .0131 .0031 .0006 .0005 .00 |
.005775 .003275 .000775 .00015 .000125 .0000 |
Loans on/after 7/1/95 only during in-school,grace and
deferment 7.66% .0005 .000125 |
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 June 30, 1997 is 5.21%