Quarter: December 31, 2002
Posted on 01-06-2003
January 3, 2003
SUBJECT: Federal Family Education Loan Program Special Allowance Rates for the Quarter Ending December 31, 2002
The Treasury Department has published the average of the bond equivalent rates of the ninety-one day Treasury bills auctioned during the quarter ending December 31, 2002, as 1.36 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 December 31, 2002, is 1.50 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).