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Special Allowance Rates Calculated from Quarter Ending September 30, 1997 |
LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
|
|
TO: |
Lenders |
DATE: |
October 7, 1997 |
TOPIC: |
Special Allowance Rates Calculated from Quarter Ending September 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% |
.0168 .0068 .00 |
.0042 .0017 .0000 |
| Loans from
11/16/86 to 10/1/92 7% 8% 8.26% 8.41% 9% - 14% |
.0143 .0043 .0017 .0002 .00 |
.003575 .001075 .000425 .00005 .0000 |
| Loans from
10/1/92 to 7/1/95 6% 7% 8% 8.25% 8.26% 8.98% - 14% |
.0228 .0128 .0028 .0003 .0002 .00 |
.0057 .0032 .0007 .000075 .00005 .0000 |
| Loans on/after 7/1/95 only during in-school,grace and
deferment 7.66% .0002 .00005 |
||
| 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% 8.98% 9% 10%-14% |
.035 .025 .0184 .015 .0125 .0124 .0109 .0052 .005 .00 |
.00875 .00625 .0046 .00375 .003125 .0031 .002725 .0013 .00125 .0000 |
The average bond equivalent rate of the ninety-one day Treasury bills auctioned during the quarter ending September 30, 1997 is 5.18%