|
Special Allowance Rates
Calculated from Quarter
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LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
|
|
TO: |
Lenders |
DATE: |
October 11, 1999 |
TOPIC: |
Special Allowance Rates Calculated from Quarter Ending September 30, 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%
.01375
.003438
9%
.00
.0000
Loans from 10/1/81 to 11/16/86
7%
.0132
.003300
Loans from 11/16/86 to 10/1/92
7%
.0107
.002675
7.72%
.0035
.000875
7.87%
.002
.000500
8%
.0007
.000175
9-14%
.0000
.0000
Loans from 10/1/92 to 7/1/98
6%
.0192
.004800
7%
.0092
.002300
7.72%
.002
.000500
7.98-14%
.0000
.0000
Loans from 7/1/95 to 7/1/98 only during in-school, grace and deferment
7.12% .002 .000500
Loans from 7/1/98 to 7/1/03 only during in-school, grace and deferment
6.32% .007 .001750
Loans from 7/1/98 to 7/1/03 except during in-school, grace and deferment
6.92%
.007
.001750
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
.008750
6.32%
.0318
.007950
6.92%
.0258
.006450
7%
.025
.006250
7.12%
.0238
.005950
7.72%
.0178
.004450
7.87%
.0163
.004075
7.98%
.0152
.003800
8%
.015
.003750
9%
.005
.001250
10%-14%
.0000
.0000
The average bond equivalent rate of the ninety-one day Treasury bills auctioned during the quarter ending September 30, 1999 is 4.82%.