Special Allowance Rates Calculated from Quarter Ending June 30, 1997

 

LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
OFFICE OF STUDENT FINANCIAL ASSISTANCE

LOAN PROGRAM BULLETIN

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%

 

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