| Quarter: March 31, 2007 SUBJECT: Federal Family Education Loan Program Special Allowance Rates for the Quarter Ending March 31, 2007 Posted on 04-04-2007 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, 2007, as 5.12 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, 2007, is 5.37 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). Accounting Division Attachments/Enclosures: |