June 30, 1999
TO : Regional Directors
FFEL Program Section Staff
FROM : Acting Chief, FFEL Program Section
Division of Policy Development
Policy, Training, and Analysis Service
SUBJECT : Federal Family Education Loan Program Special Allowance Rates for the Quarter Ending June 30, 1999
The Treasury Department has informed me that the average of the bond equivalent rates of the ninety-one day Treasury bills auctioned during the quarter ending June 30, 1999, is 4.60 percent.
Attachment A contains the bond equivalent rates of the 91-day Treasury Bills auctioned during the quarter. Attachments B & C contain the quarterly special allowance rates computed pursuant to section 438 of the Higher Education Act of 1965, as amended (the Act). Attachment D contains the annual maximum interest rate for the portion of a consolidation loan which repaid a Health Education Assistance Loan (HEAL) program loan computed pursuant to section 428C(d)(2) of the Act.
[[This file contains Attachment A, B, and C which detail the "Federal Family Education
Loan Program Special Allowance Rates for the Quarter Ending June 30, 1999" in Portable Document Format
(PDF). It can be viewed with version 3.0 or greater of the free Adobe Acrobat Reader software.]]