Annual Notice of Interest Rates of Federal Student Loans Made Under the William D. Ford Federal Direct Loan Program Prior to July 1, 2013, 53431-53433 [2013-21144]
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Federal Register / Vol. 78, No. 168 / Thursday, August 29, 2013 / Notices
punishments involving the Midshipmen
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but not limited to individual honor/
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and personnel issues. The discussion of
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Dated: August 23, 2013
L.R. Almand,
Office of the Judge Advocate General, U.S.
Navy, Alternate Federal Register Liaison
Officer.
[FR Doc. 2013–21083 Filed 8–28–13; 8:45 am]
BILLING CODE 3810–FF–P
DEPARTMENT OF EDUCATION
[Docket No.: ED–2013–ICCD–0033]
Agency Information Collection
Activities; Submission to the Office of
Management and Budget for Review
and Approval; Comment Request;
Ronald E. McNair Postbaccalaureate
Achievement Program Annual
Performance Report
Office of Postsecondary
Education (OPE), Department of
Education (ED).
ACTION: Notice.
AGENCY:
In accordance with the
Paperwork Reduction Act of 1995 (44
U.S.C. chapter 3501 et seq.), ED is
proposing a revision of an existing
information collection.
DATES: Interested persons are invited to
submit comments on or before
September 30, 2013.
ADDRESSES: Comments submitted in
response to this notice should be
submitted electronically through the
Federal eRulemaking Portal at https://
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Docket ID number ED–2013–ICCD–0033
or via postal mail, commercial delivery,
or hand delivery. Please note that
comments submitted by fax or email
and those submitted after the comment
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requests for information or comments
submitted by postal mail or delivery
should be addressed to the Director of
the Information Collection Clearance
Division, U.S. Department of Education,
sroberts on DSK5SPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
18:34 Aug 28, 2013
Jkt 229001
400 Maryland Avenue SW., LBJ, Room
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FOR FURTHER INFORMATION CONTACT: Kate
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mail ICDocketMgr@ed.gov. Please do not
send comments here.
SUPPLEMENTARY INFORMATION: The
Department of Education (ED), in
accordance with the Paperwork
Reduction Act of 1995 (PRA) (44 U.S.C.
3506(c)(2)(A)), provides the general
public and Federal agencies with an
opportunity to comment on proposed,
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assess the impact of its information
collection requirements and minimize
the public’s reporting burden. It also
helps the public understand the
Department’s information collection
requirements and provide the requested
data in the desired format. ED is
soliciting comments on the proposed
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is described below. The Department of
Education is especially interested in
public comment addressing the
following issues: (1) Is this collection
necessary to the proper functions of the
Department; (2) will this information be
processed and used in a timely manner;
(3) is the estimate of burden accurate;
(4) how might the Department enhance
the quality, utility, and clarity of the
information to be collected; and (5) how
might the Department minimize the
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respondents, including through the use
of information technology. Please note
that written comments received in
response to this notice will be
considered public records.
Title of Collection: Ronald E. McNair
Postbaccalaureate Achievement Program
Annual Performance Report.
OMB Control Number: 1840–0640.
Type of Review: Revision of an
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Respondents/Affected Public: Private
Sector, State, Local, or Tribal
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Total Estimated Number of Annual
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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
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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
PO 00000
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53431
McNair Program on the academic
progress of participating students.
Kate Mullan,
Acting Director, Information Collection
Clearance Division, Privacy, Information and
Records Management Services, Office of
Management.
[FR Doc. 2013–21072 Filed 8–28–13; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF EDUCATION
[Catalog of Federal Domestic Assistance
(CFDA) Number: 84.268]
Annual Notice of Interest Rates of
Federal Student Loans Made Under the
William D. Ford Federal Direct Loan
Program Prior to July 1, 2013
Federal Student Aid,
Department of Education.
ACTION: Notice.
AGENCY:
In accordance with section
455(b)(9) of the Higher Education Act of
1965, as amended, the Chief Operating
Officer for Federal Student Aid
announces the interest rates for the
period July 1, 2013, through June 30,
2014, for loans made under the William
D. Ford Federal Direct Loan (Direct
Loan) Program prior to July 1, 2013. The
Chief Operating Officer takes this action
to give notice of Direct Loan interest
rates to the public.
DATES: This notice is effective August
29, 2013.
FOR FURTHER INFORMATION CONTACT: Ian
Foss, U.S. Department of Education, 830
First Street NE., Room 114I1,
Washington, DC 20202. Telephone:
(202) 377–3681 or by email: ian.foss@
ed.gov.
If you use a telecommunications
device for the deaf (TDD) or a text
telephone (TTY), call the Federal Relay
Service (FRS), toll free, at 1–800–877–
8339.
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.
SUPPLEMENTARY INFORMATION: Section
455(b) of the Higher Education Act of
1965, as amended (HEA) (20 U.S.C.
1087e(b)), provides formulas for
determining the interest rates charged to
borrowers for loans made under the
Direct Loan Program including: Federal
Direct Subsidized Stafford Loans (Direct
Subsidized Loans); Federal Direct
Unsubsidized Stafford Loans (Direct
Unsubsidized Loans); Federal Direct
PLUS Loans (Direct PLUS Loans); and
SUMMARY:
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Federal Register / Vol. 78, No. 168 / Thursday, August 29, 2013 / Notices
Federal Direct Consolidation Loans
(Direct Consolidation Loans).
The Direct Loan Program includes
loans with variable interest rates and
loans with fixed interest rates. Most
loans made under the Direct Loan
Program before July 1, 2006, have
variable interest rates that change each
year. In most cases, the variable interest
rate formula that applies to a particular
loan depends on the date of the first
disbursement of the loan. The variable
rates are determined annually and are
effective for each 12-month period
beginning July 1 of one year and ending
June 30 of the following year.
Under section 455(b) of the HEA,
Direct Loans first disbursed on or after
July 1, 2006, have a fixed interest rate.
In the case of some Direct
Consolidation Loans, the interest rate is
determined by the date on which the
Direct Consolidation Loan application
was received. Direct Consolidation
Loans for which the application was
received on or after February 1, 1999,
have a fixed interest rate. This fixed rate
is based on the weighted average of the
loans that are consolidated, rounded up
to the nearest higher 1/8 of one percent
up to a maximum rate of 8.25 percent.
Under section 455(b) of the HEA, the
Direct Loan variable interest rates are
based on formulas that use the bond
equivalent rates of the 91-day Treasury
bills auctioned at the final auction held
before June 1 of each year, plus a
statutory add-on percentage. These
formulas apply to: All Direct Subsidized
Loans and Direct Unsubsidized Loans;
Direct Consolidation Loans for which
the application was received on or after
July 1, 1998, and before February 1,
1999; and Direct PLUS Loans disbursed
on or after July 1, 1998. In each case, the
calculated rate is capped by a maximum
interest rate. The bond equivalent rate of
the 91-day Treasury bills auctioned on
May 28, 2013, which is used to calculate
the interest rates on these loans, is 0.046
percent, which is rounded to 0.05
percent.
In addition, under section 455(b)(4) of
the HEA, the interest rate for Direct
PLUS Loans that were first disbursed on
or after July 1, 1994, and before July 1,
1998, is based on the weekly average of
the one-year constant maturity Treasury
yield, as published by the Board of
Governors of the Federal Reserve
System on the last day of the calendar
week ending on or before June 26 of
each year, plus a statutory add-on
percentage. The calculated rate is
capped by a maximum interest rate. The
weekly average of the one-year constant
maturity Treasury yield published on
June 21, 2013, which is used to
calculate the interest rate on these loans,
is 0.13 percent.
This notice includes five charts
containing specific information on the
calculation of the interest rates for loans
made under the Direct Loan Program
prior to July 1, 2013. We publish a
separate notice containing the interest
rates for Direct Loans made for the
current award year.
Chart 1 contains information on the
interest rates for variable-rate Direct
Subsidized and Direct Unsubsidized
Loans.
Chart 2 contains information on the
interest rates for variable-rate Direct
PLUS Loans.
Chart 3 contains information on the
interest rates for variable-rate Direct
Subsidized Consolidation Loans and
Direct Unsubsidized Consolidation
Loans.
Chart 4 contains information on the
interest rates for variable-rate Direct
PLUS Consolidation Loans.
Chart 5 contains information on the
interest rates for fixed-rate Direct
Subsidized, Direct Unsubsidized, and
Direct PLUS Loans, and Direct
Consolidation Loans.
CHART 1—VARIABLE-RATE DIRECT SUBSIDIZED AND DIRECT UNSUBSIDIZED LOANS
Cohort
Index rate
(percent)
First disbursed
before
First disbursed on or after
7/1/1994 ...............................................
7/1/1995 ...............................................
7/1/1998 ...............................................
Max. rate
(percent)
7/1/1995
7/1/1998
10/1/2006
Margin
(percent)
91-Day T-bill
rate
8.25
8.25
8.25
In-school,
grace,
deferment
0.05
0.05
0.05
Total rate
(percent)
All other
periods
3.10
2.50
1.70
In-school,
grace,
deferment
3.10
3.10
2.30
All other
periods
3.15
2.55
1.75
3.15
3.15
2.35
Margin
(percent)
Total rate
(percent)
3.10
3.10
3.23
3.15
CHART 2—VARIABLE-RATE DIRECT PLUS LOANS
Cohort
Index rate
(percent)
First disbursed
before
First disbursed on or after
sroberts on DSK5SPTVN1PROD with NOTICES
7/1/1994 ...........................................................................
7/1/1998 ...........................................................................
In Charts 3 through 5, an asterisk
following a date in a cohort field
indicates that the trigger for the rate to
apply is an application for a Direct
Consolidation Loan being received
VerDate Mar<15>2010
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7/1/1998
10/1/2006
Max. rate
(percent)
9.00
8.25
91-day T-bill
rate
1-Year
constant
treasury
maturity
........................
0.05
0.13
........................
either ‘‘on or after’’ or ‘‘before’’ the date
in the cohort field. For example, the
fourth row in Chart 3 describes the
interest rate for Direct Subsidized and
Unsubsidized Consolidation Loans for
PO 00000
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which the application was received
before October 1, 1998, and that were
first disbursed on or after October 1,
1998.
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53433
Federal Register / Vol. 78, No. 168 / Thursday, August 29, 2013 / Notices
CHART 3—VARIABLE-RATE DIRECT SUBSIDIZED AND DIRECT UNSUBSIDIZED CONSOLIDATION LOANS
Cohort
Index rate
(percent)
First disbursed
before
First disbursed on or after
7/1/1994 ...............................................
7/1/1995 ...............................................
7/1/1998 ...............................................
10/1/1998 .............................................
10/1/1998* ............................................
Max. rate
(percent)
7/1/1995
7/1/1998
10/1/1998
* 10/1/1998
* 2/1/1999
Margin
(percent)
91-day T-bill
rate
(percent)
8.25
8.25
8.25
8.25
8.25
In-school,
grace,
deferment
0.05
0.05
0.05
0.05
0.05
Total rate
(percent)
All other
periods
3.10
2.50
1.70
1.70
2.30
3.10
3.10
2.30
2.30
2.30
In-school,
grace,
deferment
3.15
2.55
1.75
1.75
2.35
All other
periods
3.15
3.15
2.35
2.35
2.35
CHART 4—VARIABLE-RATE DIRECT PLUS CONSOLIDATION LOANS
Cohort
Index rate
(percent)
First disbursed on or
after
First disbursed
before
7/1/1994 ...................
7/1/1998 ...................
10/1/1998 .................
10/1/1998* ................
Max. rate
(percent)
7/1/1998
10/1/1998
* 10/1/1998
* 2/1/1999
Margin
(percent)
91-day T-bill
rate
........................
0.05
0.05
0.05
9.00
9.00
9.00
8.25
1-Year
constant
treasury
maturity
0.13
........................
........................
........................
In-school,
grace,
deferment
Total rate
(percent)
All other
periods
3.10
3.10
3.10
2.30
3.10
3.10
3.10
2.30
In-school,
grace,
deferment
3.23
3.15
3.15
2.35
All other
periods
3.23
3.15
3.15
2.35
CHART 5—FIXED-RATE DIRECT SUBSIDIZED, DIRECT UNSUBSIDIZED, DIRECT PLUS LOANS, AND DIRECT CONSOLIDATION
LOANS
Loan type
Student grade level
Subsidized ......................................
Subsidized ......................................
Subsidized ......................................
Subsidized ......................................
Subsidized ......................................
Subsidized ......................................
Unsubsidized ..................................
PLUS ..............................................
Undergraduates .............................
Undergraduates .............................
Undergraduates .............................
Undergraduates .............................
Undergraduates .............................
Graduate/Professional Students ....
All ...................................................
Parents
and
Graduate/Professionals.
All ...................................................
sroberts on DSK5SPTVN1PROD with NOTICES
Consolidation ..................................
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The official version of this document is
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Specifically, through the advanced
search feature at this site, you can limit
VerDate Mar<15>2010
18:34 Aug 28, 2013
Jkt 229001
First disbursed
on or after
First disbursed
before
7/1/2006
7/1/2008
7/1/2009
7/1/2010
7/1/2011
7/1/2006
7/1/2006
7/1/2006
7/1/2008
7/1/2009
7/1/2010
7/1/2011
7/1/2013
7/1/2012
7/1/2013
7/1/2013
6.80
6.00
5.60
4.50
3.40
6.80
6.80
7.90
2/1/1999
7/1/2013
Weighted average of rates on the
loans included in the consolidation, rounded to 1⁄8 of 1 percent,
up to 8.25 percent.
your search to documents published by
the Department.
Program Authority: 20 U.S.C. 1087 et seq.
Dated: August 26, 2013.
James F. Manning,
Chief of Staff of Federal Student Aid,
delegated the authority to perform the
functions and duties of the Chief Operating
Officer of Federal Student Aid.
[FR Doc. 2013–21144 Filed 8–28–13; 8:45 am]
BILLING CODE 4000–01–P
PO 00000
Rate
(percent)
DEPARTMENT OF EDUCATION
[Catalog of Federal Domestic Assistance
(CFDA) Number: 84.032]
Annual Notice of Interest Rates of
Federal Student Loans Made Under the
Federal Family Education Loan
Program Prior to July 1, 2010
Federal Student Aid,
Department of Education.
ACTION: Notice.
AGENCY:
In accordance with section
427A of the Higher Education Act of
1965, as amended, the Chief Operating
Officer for Federal Student Aid
announces the interest rates for the
period July 1, 2013, through June 30,
2014, for certain loans made under the
Federal Family Education Loan (FFEL)
SUMMARY:
Frm 00012
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]]>Agencies
[Federal Register Volume 78, Number 168 (Thursday, August 29, 2013)]
[Notices]
[Pages 53431-53433]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-21144]
-----------------------------------------------------------------------
DEPARTMENT OF EDUCATION
[Catalog of Federal Domestic Assistance (CFDA) Number: 84.268]
Annual Notice of Interest Rates of Federal Student Loans Made
Under the William D. Ford Federal Direct Loan Program Prior to July 1,
2013
AGENCY: Federal Student Aid, Department of Education.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: In accordance with section 455(b)(9) of the Higher Education
Act of 1965, as amended, the Chief Operating Officer for Federal
Student Aid announces the interest rates for the period July 1, 2013,
through June 30, 2014, for loans made under the William D. Ford Federal
Direct Loan (Direct Loan) Program prior to July 1, 2013. The Chief
Operating Officer takes this action to give notice of Direct Loan
interest rates to the public.
DATES: This notice is effective August 29, 2013.
FOR FURTHER INFORMATION CONTACT: Ian Foss, U.S. Department of
Education, 830 First Street NE., Room 114I1, Washington, DC 20202.
Telephone: (202) 377-3681 or by email: ian.foss@ed.gov.
If you use a telecommunications device for the deaf (TDD) or a text
telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1-
800-877-8339.
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.
SUPPLEMENTARY INFORMATION: Section 455(b) of the Higher Education Act
of 1965, as amended (HEA) (20 U.S.C. 1087e(b)), provides formulas for
determining the interest rates charged to borrowers for loans made
under the Direct Loan Program including: Federal Direct Subsidized
Stafford Loans (Direct Subsidized Loans); Federal Direct Unsubsidized
Stafford Loans (Direct Unsubsidized Loans); Federal Direct PLUS Loans
(Direct PLUS Loans); and
[[Page 53432]]
Federal Direct Consolidation Loans (Direct Consolidation Loans).
The Direct Loan Program includes loans with variable interest rates
and loans with fixed interest rates. Most loans made under the Direct
Loan Program before July 1, 2006, have variable interest rates that
change each year. In most cases, the variable interest rate formula
that applies to a particular loan depends on the date of the first
disbursement of the loan. The variable rates are determined annually
and are effective for each 12-month period beginning July 1 of one year
and ending June 30 of the following year.
Under section 455(b) of the HEA, Direct Loans first disbursed on or
after July 1, 2006, have a fixed interest rate.
In the case of some Direct Consolidation Loans, the interest rate
is determined by the date on which the Direct Consolidation Loan
application was received. Direct Consolidation Loans for which the
application was received on or after February 1, 1999, have a fixed
interest rate. This fixed rate is based on the weighted average of the
loans that are consolidated, rounded up to the nearest higher 1/8 of
one percent up to a maximum rate of 8.25 percent.
Under section 455(b) of the HEA, the Direct Loan variable interest
rates are based on formulas that use the bond equivalent rates of the
91-day Treasury bills auctioned at the final auction held before June 1
of each year, plus a statutory add-on percentage. These formulas apply
to: All Direct Subsidized Loans and Direct Unsubsidized Loans; Direct
Consolidation Loans for which the application was received on or after
July 1, 1998, and before February 1, 1999; and Direct PLUS Loans
disbursed on or after July 1, 1998. In each case, the calculated rate
is capped by a maximum interest rate. The bond equivalent rate of the
91-day Treasury bills auctioned on May 28, 2013, which is used to
calculate the interest rates on these loans, is 0.046 percent, which is
rounded to 0.05 percent.
In addition, under section 455(b)(4) of the HEA, the interest rate
for Direct PLUS Loans that were first disbursed on or after July 1,
1994, and before July 1, 1998, is based on the weekly average of the
one-year constant maturity Treasury yield, as published by the Board of
Governors of the Federal Reserve System on the last day of the calendar
week ending on or before June 26 of each year, plus a statutory add-on
percentage. The calculated rate is capped by a maximum interest rate.
The weekly average of the one-year constant maturity Treasury yield
published on June 21, 2013, which is used to calculate the interest
rate on these loans, is 0.13 percent.
This notice includes five charts containing specific information on
the calculation of the interest rates for loans made under the Direct
Loan Program prior to July 1, 2013. We publish a separate notice
containing the interest rates for Direct Loans made for the current
award year.
Chart 1 contains information on the interest rates for variable-
rate Direct Subsidized and Direct Unsubsidized Loans.
Chart 2 contains information on the interest rates for variable-
rate Direct PLUS Loans.
Chart 3 contains information on the interest rates for variable-
rate Direct Subsidized Consolidation Loans and Direct Unsubsidized
Consolidation Loans.
Chart 4 contains information on the interest rates for variable-
rate Direct PLUS Consolidation Loans.
Chart 5 contains information on the interest rates for fixed-rate
Direct Subsidized, Direct Unsubsidized, and Direct PLUS Loans, and
Direct Consolidation Loans.
Chart 1--Variable-Rate Direct Subsidized and Direct Unsubsidized Loans
--------------------------------------------------------------------------------------------------------------------------------------------------------
Cohort Index rate Margin (percent) Total rate (percent)
------------------------------------------------------------------------ (percent) -----------------------------------------------------
First Max. rate ---------------- In-school, In-school,
First disbursed on or after disbursed (percent) 91-Day T-bill grace, All other grace, All other
before rate deferment periods deferment periods
--------------------------------------------------------------------------------------------------------------------------------------------------------
7/1/1994............................................... 7/1/1995 8.25 0.05 3.10 3.10 3.15 3.15
7/1/1995............................................... 7/1/1998 8.25 0.05 2.50 3.10 2.55 3.15
7/1/1998............................................... 10/1/2006 8.25 0.05 1.70 2.30 1.75 2.35
--------------------------------------------------------------------------------------------------------------------------------------------------------
Chart 2--Variable-Rate Direct PLUS Loans
----------------------------------------------------------------------------------------------------------------
Cohort Index rate (percent)
------------------------------------------------ --------------------------------
Max. rate 1-Year Margin Total
First (percent) 91-day T-bill constant (percent) rate
First disbursed on or after disbursed rate treasury (percent)
before maturity
----------------------------------------------------------------------------------------------------------------
7/1/1994....................... 7/1/1998 9.00 .............. 0.13 3.10 3.23
7/1/1998....................... 10/1/2006 8.25 0.05 .............. 3.10 3.15
----------------------------------------------------------------------------------------------------------------
In Charts 3 through 5, an asterisk following a date in a cohort
field indicates that the trigger for the rate to apply is an
application for a Direct Consolidation Loan being received either ``on
or after'' or ``before'' the date in the cohort field. For example, the
fourth row in Chart 3 describes the interest rate for Direct Subsidized
and Unsubsidized Consolidation Loans for which the application was
received before October 1, 1998, and that were first disbursed on or
after October 1, 1998.
[[Page 53433]]
Chart 3--Variable-Rate Direct Subsidized and Direct Unsubsidized Consolidation Loans
--------------------------------------------------------------------------------------------------------------------------------------------------------
Cohort Index rate Margin (percent) Total rate (percent)
------------------------------------------------------------------------ (percent) -----------------------------------------------------
First Max. rate ---------------- In-school, In-school,
First disbursed on or after disbursed (percent) 91-day T-bill grace, All other grace, All other
before rate (percent) deferment periods deferment periods
--------------------------------------------------------------------------------------------------------------------------------------------------------
7/1/1994............................................... 7/1/1995 8.25 0.05 3.10 3.10 3.15 3.15
7/1/1995............................................... 7/1/1998 8.25 0.05 2.50 3.10 2.55 3.15
7/1/1998............................................... 10/1/1998 8.25 0.05 1.70 2.30 1.75 2.35
10/1/1998.............................................. \*\ 10/1/1998 8.25 0.05 1.70 2.30 1.75 2.35
10/1/1998\*\........................................... \*\ 2/1/1999 8.25 0.05 2.30 2.30 2.35 2.35
--------------------------------------------------------------------------------------------------------------------------------------------------------
Chart 4--Variable-Rate Direct PLUS Consolidation Loans
--------------------------------------------------------------------------------------------------------------------------------------------------------
Cohort Index rate (percent) Margin (percent) Total rate (percent)
-------------------------------------------------------- -------------------------------------------------------------------------------------
Max. rate 1-Year
First (percent) 91-day T-bill constant In-school, All other In-school, All other
First disbursed on or after disbursed rate treasury grace, periods grace, periods
before maturity deferment deferment
--------------------------------------------------------------------------------------------------------------------------------------------------------
7/1/1994............................... 7/1/1998 9.00 .............. 0.13 3.10 3.10 3.23 3.23
7/1/1998............................... 10/1/1998 9.00 0.05 .............. 3.10 3.10 3.15 3.15
10/1/1998.............................. \*\ 10/1/1998 9.00 0.05 .............. 3.10 3.10 3.15 3.15
10/1/1998\*\........................... \*\ 2/1/1999 8.25 0.05 .............. 2.30 2.30 2.35 2.35
--------------------------------------------------------------------------------------------------------------------------------------------------------
Chart 5--Fixed-Rate Direct Subsidized, Direct Unsubsidized, Direct PLUS Loans, and Direct Consolidation Loans
----------------------------------------------------------------------------------------------------------------
First First
Loan type Student grade level disbursed on disbursed Rate (percent)
or after before
----------------------------------------------------------------------------------------------------------------
Subsidized........................ Undergraduates....... 7/1/2006 7/1/2008 6.80
Subsidized........................ Undergraduates....... 7/1/2008 7/1/2009 6.00
Subsidized........................ Undergraduates....... 7/1/2009 7/1/2010 5.60
Subsidized........................ Undergraduates....... 7/1/2010 7/1/2011 4.50
Subsidized........................ Undergraduates....... 7/1/2011 7/1/2013 3.40
Subsidized........................ Graduate/Professional 7/1/2006 7/1/2012 6.80
Students.
Unsubsidized...................... All.................. 7/1/2006 7/1/2013 6.80
PLUS.............................. Parents and Graduate/ 7/1/2006 7/1/2013 7.90
Professionals.
Consolidation..................... All.................. 2/1/1999 7/1/2013 Weighted average of
rates on the loans
included in the
consolidation,
rounded to \1/8\ of
1 percent, up to
8.25 percent.
----------------------------------------------------------------------------------------------------------------
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Program Authority: 20 U.S.C. 1087 et seq.
Dated: August 26, 2013.
James F. Manning,
Chief of Staff of Federal Student Aid, delegated the authority to
perform the functions and duties of the Chief Operating Officer of
Federal Student Aid.
[FR Doc. 2013-21144 Filed 8-28-13; 8:45 am]
BILLING CODE 4000-01-P
