Annual Notice of Interest Rates of Federal Student Loans Made Under the Federal Family Education Loan Program, 17647-17648 [2013-06653]

Download as PDF 17647 Federal Register / Vol. 78, No. 56 / Friday, March 22, 2013 / Notices McNair Program on the academic progress of participating students. ACTION: Dated: March 18, 2013. Kate Mullan, Acting Director, Information Collection Clearance Division, Privacy, Information and Records Management Services, Office of Management. Respondents/Affected Public: Private Sector, State, Local, or Tribal Governments. Total Estimated Number of Annual Responses: 158. Total Estimated Number of Annual Burden Hours: 1,738. Abstract: Ronald E. McNair Postbaccalaureate Achievement (McNair) Program Annual Performance Report Program grantees must submit the report annually. The reports are used to evaluate grantees’ performance for substantial progress, GPRA, and to award prior experience points at the end of each project (budget) period. The Department also aggregates the data to provide descriptive information on the projects and to analyze the impact of the SUMMARY: On January 25, 2013, the Chief Operating Officer for Federal Student Aid in the U.S. Department of Education published in the Federal Register (78 FR 5433) a notice announcing the interest rates for the period July 1, 2012, through June 30, 2013, for certain loans made under the Federal Family Education Loan Program. We correct two of the charts in that notice. [FR Doc. 2013–06574 Filed 3–21–13; 8:45 am] BILLING CODE 4000–01–P DEPARTMENT OF EDUCATION Annual Notice of Interest Rates of Federal Student Loans Made Under the Federal Family Education Loan Program Federal Student Aid, Department of Education. AGENCY: DATES: Notice; correction. Effective March 22, 2013. On page 5434 we correct Chart 1 to read as follows: SUPPLEMENTARY INFORMATION: CHART 1—‘‘CONVERTED’’ VARIABLE-RATE FEDERAL SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS Cohort First disbursed before First disbursed on or after 7/1/1988 ........................................ 7/23/1992 ...................................... 7/23/1992 ...................................... 7/23/1992 ...................................... 7/23/1992 ...................................... 7/23/1992 ...................................... 7/23/1992 10/1/1992 7/1/1994 7/1/1994 7/1/1994 7/1/1994 Immediately following the chart we add: ‘‘Note: The FFEL Program loans represented by the second row of the chart were only made to ‘‘new borrowers’’ on or after July 23, 1992.’’ We corrected the margin column for what were the second, third, and fourth rows (now the third, fourth, and fifth Max. rate (percent) Original fixed interest rate 8.00%, increasing to 10.00% ....... 8.00%, increasing to 10.00% ....... 7.00% ............................................ 8.00% ............................................ 9.00% ............................................ 8.00%, increasing to 10.00% ....... 91-Day T-bill rate (percent) 10.00 10.00 7.00 8.00 9.00 10.00 rows) to read 3.10 percent, rather than 3.25 percent. The total rate column reflects the margin rate changes. We added a sixth row, to differentiate between two cohorts of ‘‘converted’’ variable-rate loans that were originally fixed-rate loans with rates that began at 8 percent, but increased to 10 percent after 4 years of repayment. Margin (percent) 0.09 0.09 0.09 0.09 0.09 0.09 Total rate (percent) 3.25 3.25 3.10 3.10 3.10 3.10 3.34 3.34 3.19 3.19 3.19 3.19 We added a cohort column, consistent with other charts in the notice, to provide additional specificity as to when the FFEL Program loans represented in the chart were made. On page 5434 we correct Chart 2 to read: CHART 2—VARIABLE-RATE FEDERAL SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS Cohort Margin First disbursed on or after First disbursed before srobinson on DSK4SPTVN1PROD with NOTICES 10/1/1992 ................................................. 7/1/1994 ................................................... 7/1/1994 ................................................... 7/1/1995 ................................................... 7/1/1998 ................................................... 7/1/1994 †7/1/1994 7/1/1995 7/1/1998 7/1/2006 We corrected the maximum rate column for the second row from 8.25 percent to 9 percent. The Note following Chart 2 in the interest rate notice is correct, and we do not republish it here. As a reminder, a dagger following a date in the cohort fields indicates that VerDate Mar<15>2010 18:27 Mar 21, 2013 Jkt 229001 Max. rate (percent) 9.00 9.00 8.25 8.25 8.25 91-Day T-bill rate (percent) In-school, grace, deferment (percent) 0.09 0.09 0.09 0.09 0.09 the trigger for the rate to apply is a period of enrollment for which the loan was intended either ‘‘ending before’’ or ‘‘beginning on or after’’ the date in the cohort field. FOR FURTHER INFORMATION CONTACT: Ian Foss, U.S. Department of Education, 830 First Street NE., Room 114I1, PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 3.10 3.10 3.10 2.50 1.70 Total rate All other periods (percent) 3.10 3.10 3.10 3.10 2.30 In-school, grace, deferment (percent) 3.19 3.19 3.19 2.59 1.79 All other periods (percent) 3.19 3.19 3.19 3.19 2.39 Washington, DC 20202–5354. Telephone: (202) 377–3681 or by email: ian.foss@ed.gov. If you use a telecommunications device for the deaf (TDD) or text telephone (TTY), call the Federal Relay Service (FRS) at 1–800–877–8339. E:\FR\FM\22MRN1.SGM 22MRN1 17648 Federal Register / Vol. 78, No. 56 / Friday, March 22, 2013 / Notices Individuals with disabilities can obtain this document in an accessible format (e.g., Braille, large print, audiotape, or compact disc) on request to the contact person listed under FOR FURTHER INFORMATION CONTACT. Electronic Access to This Document: The official version of this document is the document published in the Federal Register. Free Internet access to the official edition of the Federal Register and the Code of Federal Regulations is available via the Federal Digital System at: www.gpo.gov/fdsys. At this site you can view this document, as well as all other documents of this Department published in the Federal Register, in text or Adobe Portable Document Format (PDF). To use PDF you must have Adobe Acrobat Reader, which is available free at the site. You may also access documents of the Department published in the Federal Register by using the article search feature at: www.federalregister.gov. Specifically, through the advanced search feature at this site, you can limit your search to documents published by the Department. Dated: March 19, 2013. James W. Runcie, Chief Operating Officer, Federal Student Aid. [FR Doc. 2013–06653 Filed 3–21–13; 8:45 am] BILLING CODE 4000–01–P DEPARTMENT OF ENERGY Environmental Management SiteSpecific Advisory Board, Oak Ridge Reservation Department of Energy. Notice of Open Meeting. AGENCY: ACTION: SUMMARY: This notice announces a meeting of the Environmental Management Site-Specific Advisory Board (EM SSAB), Oak Ridge Reservation. The Federal Advisory Committee Act (Pub. L. 92–463, 86 Stat. 770) requires that public notice of this meeting be announced in the Federal Register. DATES: Wednesday, April 10, 2013, 6:00 p.m. Department of Energy Information Center, Office of Science and Technical Information, 1 Science.gov Way, Oak Ridge, Tennessee 37830. FOR FURTHER INFORMATION CONTACT: Melyssa P. Noe, Federal Coordinator, Department of Energy Oak Ridge Operations Office, P.O. Box 2001, EM– 90, Oak Ridge, TN 37831. Phone (865) 241–3315; Fax (865) 576–0956 or email: srobinson on DSK4SPTVN1PROD with NOTICES ADDRESSES: VerDate Mar<15>2010 18:27 Mar 21, 2013 Jkt 229001 noemp@oro.doe.gov or check the Web site at www.oakridge.doe.gov/em/ssab. SUPPLEMENTARY INFORMATION: Purpose of the Board: The purpose of the Board is to make recommendations to DOE–EM and site management in the areas of environmental restoration, waste management, and related activities. Tentative Agenda • Welcome and Announcements. • Comments from the Deputy Designated Federal Officer. • Comments from the DOE, Tennessee Department of Environment and Conservation, and Environmental Protection Agency Liaisons. • Public Comment Period. • Presentation on EM Portfolio Plans. • Additions/Approval of Agenda. • Motions/Approval of March 13, 2013 Meeting Minutes. • Status of Recommendations with DOE. • Committee Reports. • Federal Coordinator Report. • Adjourn. Public Participation: The EM SSAB, Oak Ridge, welcomes the attendance of the public at its advisory committee meetings and will make every effort to accommodate persons with physical disabilities or special needs. If you require special accommodations due to a disability, please contact Melyssa P. Noe at least seven days in advance of the meeting at the phone number listed above. Written statements may be filed with the Board either before or after the meeting. Individuals who wish to make oral statements pertaining to the agenda item should contact Melyssa P. Noe at the address or telephone number listed above. Requests must be received five days prior to the meeting and reasonable provision will be made to include the presentation in the agenda. The Deputy Designated Federal Officer is empowered to conduct the meeting in a fashion that will facilitate the orderly conduct of business. Individuals wishing to make public comments will be provided a maximum of five minutes to present their comments. Minutes: Minutes will be available by writing or calling Melyssa P. Noe at the address and phone number listed above. Minutes will also be available at the following Web site: https:// www.oakridge.doe.gov/em/ssab/ minutes.htm. Issued at Washington, DC, on March 15, 2013. LaTanya R. Butler, Deputy Committee Management Officer. [FR Doc. 2013–06611 Filed 3–21–13; 8:45 am] BILLING CODE 6450–01–P PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 DEPARTMENT OF ENERGY Office of Energy Efficiency and Renewable Energy Energy Conservation Program for Consumer Products: Representative Average Unit Costs of Energy Office of Energy Efficiency and Renewable Energy, Department of Energy. ACTION: Notice. AGENCY: SUMMARY: In this notice, the U.S. Department of Energy (DOE) is forecasting the representative average unit costs of five residential energy sources for the year 2013 pursuant to the Energy Policy and Conservation Act. The five sources are electricity, natural gas, No. 2 heating oil, propane, and kerosene. The representative average unit costs of energy contained in this notice will become effective April 22, 2013 and will remain in effect until further notice. FOR FURTHER INFORMATION CONTACT: John Cymbalsky, U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy Forrestal Building, Mail Station EE–2J 1000 Independence Avenue SW., Washington, DC 20585–0121, (202) 287–1692, Rep_Average_ Unit_Costs@ee.doe.gov. Francine Pinto, Esq. U.S. Department of Energy, Office of General Counsel Forrestal Building, Mail Station GC– 72, 1000 Independence Avenue SW., Washington, DC 20585–0103, (202) 586–7432, Francine.Pinto@hq.doe.gov. DATES: Section 323 of the Energy Policy and Conservation Act (Act) requires that DOE prescribe test procedures for the measurement of the estimated annual operating costs or other measures of energy consumption for certain consumer products specified in the Act. (42 U.S.C. 6293(b)(3)) These test procedures are found in Title 10 of the Code of Federal Regulations (CFR) part 430, subpart B. Section 323(b)(3) of the Act requires that the estimated annual operating costs of a covered product be calculated from measurements of energy use in a representative average use cycle or period of use and from representative average unit costs of the energy needed to operate such product during such cycle. (42 U.S.C. 6293(b)(3)) The section further requires that DOE provide information to manufacturers regarding the representative average unit costs of energy. (42 U.S.C. 6293(b)(4)) This cost SUPPLEMENTARY INFORMATION: E:\FR\FM\22MRN1.SGM 22MRN1

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[Federal Register Volume 78, Number 56 (Friday, March 22, 2013)]
[Notices]
[Pages 17647-17648]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-06653]


-----------------------------------------------------------------------

DEPARTMENT OF EDUCATION


Annual Notice of Interest Rates of Federal Student Loans Made 
Under the Federal Family Education Loan Program

AGENCY: Federal Student Aid, Department of Education.

ACTION: Notice; correction.

-----------------------------------------------------------------------

SUMMARY: On January 25, 2013, the Chief Operating Officer for Federal 
Student Aid in the U.S. Department of Education published in the 
Federal Register (78 FR 5433) a notice announcing the interest rates 
for the period July 1, 2012, through June 30, 2013, for certain loans 
made under the Federal Family Education Loan Program. We correct two of 
the charts in that notice.

DATES: Effective March 22, 2013.

SUPPLEMENTARY INFORMATION: On page 5434 we correct Chart 1 to read as 
follows:

             Chart 1--``Converted'' Variable-Rate Federal Subsidized and Unsubsidized Stafford Loans
----------------------------------------------------------------------------------------------------------------
                  Cohort
-------------------------------------------                                 91-Day  T-
                                  First      Original fixed    Max. rate    bill rate      Margin     Total rate
 First disbursed on or after    disbursed     interest rate    (percent)    (percent)    (percent)    (percent)
                                  before
----------------------------------------------------------------------------------------------------------------
7/1/1988.....................    7/23/1992  8.00%,                  10.00         0.09         3.25         3.34
                                             increasing to
                                             10.00%.
7/23/1992....................    10/1/1992  8.00%,                  10.00         0.09         3.25         3.34
                                             increasing to
                                             10.00%.
7/23/1992....................     7/1/1994  7.00%...........         7.00         0.09         3.10         3.19
7/23/1992....................     7/1/1994  8.00%...........         8.00         0.09         3.10         3.19
7/23/1992....................     7/1/1994  9.00%...........         9.00         0.09         3.10         3.19
7/23/1992....................     7/1/1994  8.00%,                  10.00         0.09         3.10         3.19
                                             increasing to
                                             10.00%.
----------------------------------------------------------------------------------------------------------------

    Immediately following the chart we add:
    ``Note: The FFEL Program loans represented by the second row of the 
chart were only made to ``new borrowers'' on or after July 23, 1992.''
    We corrected the margin column for what were the second, third, and 
fourth rows (now the third, fourth, and fifth rows) to read 3.10 
percent, rather than 3.25 percent. The total rate column reflects the 
margin rate changes.
    We added a sixth row, to differentiate between two cohorts of 
``converted'' variable-rate loans that were originally fixed-rate loans 
with rates that began at 8 percent, but increased to 10 percent after 4 
years of repayment.
    We added a cohort column, consistent with other charts in the 
notice, to provide additional specificity as to when the FFEL Program 
loans represented in the chart were made.
    On page 5434 we correct Chart 2 to read:

                                        Chart 2--Variable-Rate Federal Subsidized and Unsubsidized Stafford Loans
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                  Cohort                                                                       Margin                  Total rate
---------------------------------------------------------------------------                          ---------------------------------------------------
                                                                             Max. rate    91-Day  T-   In-school,                In-school,
                                                                  First      (percent)    bill rate      grace,     All other      grace,     All other
                 First disbursed on or after                    disbursed                 (percent)    deferment     periods     deferment     periods
                                                                  before                               (percent)    (percent)    (percent)    (percent)
--------------------------------------------------------------------------------------------------------------------------------------------------------
10/1/1992....................................................     7/1/1994         9.00         0.09         3.10         3.10         3.19         3.19
7/1/1994.....................................................  [dagger]7/1/        9.00         0.09         3.10         3.10         3.19         3.19
                                                                      1994
7/1/1994.....................................................     7/1/1995         8.25         0.09         3.10         3.10         3.19         3.19
7/1/1995.....................................................     7/1/1998         8.25         0.09         2.50         3.10         2.59         3.19
7/1/1998.....................................................     7/1/2006         8.25         0.09         1.70         2.30         1.79         2.39
--------------------------------------------------------------------------------------------------------------------------------------------------------

    We corrected the maximum rate column for the second row from 8.25 
percent to 9 percent.
    The Note following Chart 2 in the interest rate notice is correct, 
and we do not republish it here.
    As a reminder, a dagger following a date in the cohort fields 
indicates that the trigger for the rate to apply is a period of 
enrollment for which the loan was intended either ``ending before'' or 
``beginning on or after'' the date in the cohort field.

FOR FURTHER INFORMATION CONTACT: Ian Foss, U.S. Department of 
Education, 830 First Street NE., Room 114I1, Washington, DC 20202-5354. 
Telephone: (202) 377-3681 or by email: ian.foss@ed.gov.
    If you use a telecommunications device for the deaf (TDD) or text 
telephone (TTY), call the Federal Relay Service (FRS) at 1-800-877-
8339.

[[Page 17648]]

    Individuals with disabilities can obtain this document in an 
accessible format (e.g., Braille, large print, audiotape, or compact 
disc) on request to the contact person listed under FOR FURTHER 
INFORMATION CONTACT.
    Electronic Access to This Document: The official version of this 
document is the document published in the Federal Register. Free 
Internet access to the official edition of the Federal Register and the 
Code of Federal Regulations is available via the Federal Digital System 
at: www.gpo.gov/fdsys. At this site you can view this document, as well 
as all other documents of this Department published in the Federal 
Register, in text or Adobe Portable Document Format (PDF). To use PDF 
you must have Adobe Acrobat Reader, which is available free at the 
site.
    You may also access documents of the Department published in the 
Federal Register by using the article search feature at: 
www.federalregister.gov. Specifically, through the advanced search 
feature at this site, you can limit your search to documents published 
by the Department.

    Dated: March 19, 2013.
James W. Runcie,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 2013-06653 Filed 3-21-13; 8:45 am]
BILLING CODE 4000-01-P
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