| Quarter: March 31, 2006 Posted on 04-26-2006 SUBJECT: Federal Family Education Loan Program Special Allowance Rates for the Quarter Ending March 31, 2006 The Treasury Department has published the average of the bond equivalent rates of the ninety-one day Treasury bills auctioned during the quarter ending March 31, 2006, as 4.49 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, 2006, is 4.75 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).
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