Special Allowance Rates Calculated from Quarter Ending March 31, 1998 |
LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
|
|
TO: |
Lenders |
DATE: |
April 7, 1998 |
TOPIC: |
Special Allowance Rates Calculated from Quarter Ending March 31, 1998 |
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 |
.0044 .0000 |
Loans from
10/1/81 to 11/16/86 7% 8% 9-14% |
.0169 .0069 .00 |
.0043 .0014 .0000 |
Loans from
11/16/86 to 10/1/92 7% 8% 8.26% 8.41% 9% - 14% |
.0144 .0044 .0018 .0002 .00 |
.0036 .0011 .0005 .0001 .0000 |
Loans from
10/1/92 to 7/1/95 6% 7% 8% 8.25% 8.26% 8.98% - 14% |
.0229 .0129 .0029 .0004 .0003 .00 |
.0057 .0032 .0007 .0001 .0001 .0000 |
Loans on/after 7/1/95 only during in-school,grace and
deferment 7.66% .0003 .00001 |
Tax-exempt Loans | ||
---|---|---|
Tax-exempt loans prior to 10/1/81 | ||
7% 9% |
.025 .005 |
.0063 .0013 |
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 |
.0088 .0063 .0046 .0038 .0031 .0031 .0027 .0013 .0013 .0000 |
The average bond equivalent rate of the ninety-one day Treasury bills auctioned during the quarter ending March 31, 1998 is 5.19%