Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

During the Quarter Ending: March -31-2002

Quarter: March 31, 2002


April 2, 2002

SUBJECT: Federal Family Education Loan Program Special Allowance Rates for the Quarter Ending March 31, 2002


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 March 31, 2002, is 1.76 percent. Further, the average of the bond equivalent rates of the quotes of the 3-month commercial paper (financial) rates in effect for each of the days in the quarter ending March 31, 2002, is 1.83 percent.

Attachment A contains the bond equivalent rates of the 91-day Treasury Bills auctioned during the quarter. Attachments B, C & D contain the quarterly special allowance rates computed pursuant to section 438 of the Higher Education Act of 1965, as amended (the Act).

[signed]


Angela Roca-Baker
Financial Management
Financial Partners

Attachments/Enclosures: