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Special Allowance Rates Calculated from Quarter Ending December 31, 1999 |
LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
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TO: |
Lenders and Schools |
DATE: |
April 8, 1999 |
TOPIC: |
Special Allowance Rates Calculated from Quarter Ending March 31, 1999 |
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.
Allowance at Quarterly
Annual Rate Annual Rate Factor
Loans prior to 10/1/81
7% .01125 .002813
9% .00 .0000
Loans from 10/1/81 to 11/16/86
7% .0104 .0026
8% .0004 .0001
9-14% .0000 .0000
Loans from 11/16/86 to 10/1/92
7% .0079 .001975
8-14% .0000 .0000
Loans from 10/1/92 to 7/1/98
6% .0164 .0041
7% .0064 .0016
8-14% .0000 .0000
Loans from 7/1/95 to 7/1/98 only during in-school, grace and deferment
7.66% .0000 .0000
Loans from 7/1/98 to 7/1/03 only during in-school, grace and deferment
6.86% .0000 .0000
Loans from 7/1/98 to 7/1/03 except during in-school, grace and deferment
7.46% .0000 .0000
Allowance at Quarterly
Annual Rate Annual Rate Factor
Tax-exempt Loans
Tax-exempt loans prior to 10/1/81
7% .025 .00625
9% .005 .00125
Tax-exempt loans from 10/1/81
6% .035 .00875
6.86% .0264 .0066
7% .025 .00625
7.46% .0204 .0051
7.66% .0184 .0046
8% .015 .00375
8.25% .0125 .003125
8.26% .0124 .0031
8.41% .0109 .002725
8.53 .0097 .002425
9% .0050 .00125
10%-14% .0000 .0000
The average bond equivalent rate of the ninety-one day Treasury bills auctioned during the quarter ending March 31, 1999 is 4.54%.