Special Allowance Rates Calculated from Quarter Ending June 30, 1999

LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
OFFICE OF STUDENT FINANCIAL ASSISTANCE

LOAN PROGRAM BULLETIN
TO:
 Lenders
DATE:
 July 29, 1999
TOPIC:
 Special Allowance Rates Calculated from Quarter Ending June 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%                                                         .01125                        .002813
9%                                                         .00                              .0000

Loans from 10/1/81 to 11/16/86

7%                                                         .0110                          .00275
8%                                                         .0010                          .00025
9-14%                                                    .0000                          .0000

Loans from 11/16/86 to 10/1/92

7%                                                         .0085                          .002125
8-14%                                                    .0000                          .0000

Loans from 10/1/92 to 7/1/98

6%                                                         .0170                           .00425
7%                                                         .0070                           .00175
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 June 30, 1999 is 4.60%.

 

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