Special Allowance Rates Calculated from Quarter Ending March 31, 1998

 

LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
OFFICE OF STUDENT FINANCIAL ASSISTANCE

LOAN PROGRAM BULLETIN

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%

 

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