Special Allowance Rates Calculated from Quarter 
Ending September 30, 1999

LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
OFFICE OF STUDENT FINANCIAL ASSISTANCE

LOAN PROGRAM BULLETIN
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
            8%                                 .0032                       .000800
            9-14%                            .0000                       .0000

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%.

 

 

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