Annual Notice of Interest Rates of Federal Student Loans Made Under the William D. Ford Federal Direct Loan Program on or After July 1, 2013, 37301-37302 [2014-15430]

Download as PDF 37301 Federal Register / Vol. 79, No. 126 / Tuesday, July 1, 2014 / Notices approved application, including those applicable to Federal civil rights laws that prohibit discrimination in programs or activities receiving Federal financial assistance from the Department (34 CFR 100.4, 104.5, 106.4, 108.8, and 110.23). VII. Agency Contact FOR FURTHER INFORMATION CONTACT: Marlene Spencer, U.S. Department of Education, 400 Maryland Avenue SW., Room 5133, PCP, Washington, DC 20202–2700. Telephone: (202) 245–7532 or by email: marlene.spencer@ed.gov. If you use a TDD or a TTY, call the Federal Relay Service (FRS), toll free, at 1–800–877–8339. VIII. Other Information Accessible Format: Individuals with disabilities can obtain this document and a copy of the application package in an accessible format (e.g., braille, large print, audiotape, or compact disc) by contacting the Grants and Contracts Services Team, U.S. Department of Education, 400 Maryland Avenue SW., Room 5075, PCP, Washington, DC 20202–2550. Telephone: (202) 245– 7363. If you use a TDD or a TTY, call the FRS, toll free, at 1–800–877–8339. 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: June 26, 2014. Michael K. Yudin, Acting Assistant, Secretary for Special, Education and, Rehabilitative Services. [FR Doc. 2014–15380 Filed 6–30–14; 8:45 am] BILLING CODE 4000–01–P DEPARTMENT OF EDUCATION Annual Notice of Interest Rates of Federal Student Loans Made Under the William D. Ford Federal Direct Loan Program on or After July 1, 2013 Federal Student Aid, Department of Education. ACTION: Notice. AGENCY: Catalog of Federal Domestic Assistance (CFDA) Number: 84.268. DATES: This notice is effective July 1, 2014. The Chief Operating Officer for Federal Student Aid announces the interest rates for loans made under the William D. Ford Federal Direct Loan (Direct Loan) Program on or after July 1, 2014, through June 30, 2015. 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 SUMMARY: 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 Federal Direct Consolidation Loans (Direct Consolidation Loans). Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans (collectively, Direct Loans) first disbursed on or after July 1, 2013, have a fixed interest rate that is calculated based on the high yield of the 10-year Treasury notes auctioned at the final auction held before June 1 of each year, plus a statutory add-on percentage. Therefore, while the interest rate determination for new loans will be different from year to year, such loans will have a fixed interest rate for the life of the loan. In each case, the calculated rate is capped by a maximum interest rate. The following chart contains specific information on the calculation of the interest rates for Direct Loans first disbursed on or after July 1, 2014, and through June 30, 2015. We publish a separate notice containing the interest rates for Direct Loans that were made in prior years. FIXED-RATE DIRECT SUBSIDIZED LOANS, DIRECT UNSUBSIDIZED LOANS, AND DIRECT PLUS LOANS FIRST DISBURSED ON OR AFTER 7/1/2014 AND THROUGH 6/30/2015 Cohort Loan type Student grade level Subsidized ....... Unsubsidized ... Unsubsidized ... Undergraduates .......... Undergraduates .......... Graduate and Professional Students. Parents of Dependent Undergraduates. Graduate and Professional Students. emcdonald on DSK67QTVN1PROD with NOTICES PLUS ............... PLUS ............... 19:00 Jun 30, 2014 Jkt 232001 10-Year treasury note Margin (percent) Fixed rate (percent) Max. rate (percent) First disbursed on/after First disbursed before 7/1/2014 7/1/2014 7/1/2014 7/1/2015 7/1/2015 7/1/2015 2.61 2.61 2.61 2.05 2.05 3.60 4.66 4.66 6.21 8.25 8.25 9.50 7/1/2014 7/1/2015 2.61 4.60 7.21 10.50 7/1/2014 7/1/2015 2.61 4.60 7.21 10.50 If an application for a Direct Consolidation Loan is received by the Department on or after July 1, 2013, the interest rate on that loan is the weighted VerDate Mar<15>2010 Index rate average of the consolidated loans, rounded up to the nearest higher 1⁄8 of 1 percent. Such Direct Consolidation Loans do not have an interest rate cap. PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 Electronic Access to This Document: The official version of this document is the document published in the Federal Register. Free Internet access to the E:\FR\FM\01JYN1.SGM 01JYN1 37302 Federal Register / Vol. 79, No. 126 / Tuesday, July 1, 2014 / Notices 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. Authority: 20 U.S.C. 1087, et seq. Dated: June 26, 2014. 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. 2014–15430 Filed 6–30–14; 8:45 am] BILLING CODE 4000–01–P DEPARTMENT OF ENERGY Quadrennial Energy Review: Notice of Public Meeting Office of Energy Policy and Systems Analysis, Secretariat, Quadrennial Energy Review Task Force, Department of Energy. ACTION: Notice of public meeting. AGENCY: At the direction of the President, the U.S. Department of Energy (DOE or Department), as the Secretariat for the Quadrennial Energy Review Task Force (QER) Task Force will convene a public meeting to discuss and receive comments on issues related to the Quadrennial Energy Review. SUMMARY: The sixth public meeting will be held on Monday, July 21, 2014, beginning at 9:00 a.m. Written comments are welcome, especially following the public meeting, and should be submitted within 60 days of the meeting. ADDRESSES: The Pittsburgh meeting will be held at the Rashid Auditorium, Hillman Center, Carnegie Mellon University, 4902 Forbes Avenue, Pittsburgh, Pennsylvania 15213. You may submit written comments to: QERComments@hq.doe.gov or by U.S. mail to the Office of Energy Policy and Systems Analysis, EPSA–60, QER Meeting Comments, U.S. Department of emcdonald on DSK67QTVN1PROD with NOTICES DATES: VerDate Mar<15>2010 19:00 Jun 30, 2014 Jkt 232001 Energy, 1000 Independence Avenue SW., Washington, DC 20585–0121. For the July 21 Public Meeting, please title your comment ‘‘Natural Gas Transmission, Storage & Distribution, Pittsburgh, Pennsylvania, July 21, 2014’’. FOR FURTHER INFORMATION CONTACT: Ms. Adonica Renee Pickett, EPSA–90, U.S. Department of Energy, Office of Energy Policy and Systems Analysis, 1000 Independence Avenue SW., Washington, DC 20585–0121. Telephone: (202) 586–9168 Email: Adonica.Pickett@hq.doe.gov. SUPPLEMENTARY INFORMATION: On January 9, 2014, President Obama issued a Presidential Memorandum— Establishing a Quadrennial Energy Review. To accomplish this review, the Presidential Memorandum establishes a Quadrennial Energy Review Task Force to be co-chaired by the Director of the Office of Science and Technology Policy, and the Director of the Domestic Policy Council. Under the Presidential Memorandum, the Secretary of Energy shall provide support to the Task Force, including support for coordination activities related to the preparation of the Quadrennial Energy Review Report, policy analysis and modeling, and stakeholder engagement. The DOE, as the Secretariat for the Quadrennial Energy Review Task Force, will hold a series of public meetings to discuss and receive comments on issues related to the Quadrennial Energy Review. The initial focus for the Quadrennial Energy Review will be our Nation’s infrastructure for transporting, transmitting, storing and delivering energy. Our current infrastructure is increasingly challenged by transformations in energy supply, markets, and patterns of end use; issues of aging and capacity; impacts of climate change; and cyber and physical threats. Any vulnerability in this infrastructure may be exacerbated by the increasing interdependencies of energy systems with water, telecommunications, transportation, and emergency response systems. The first Quadrennial Energy Review Report will serve as a roadmap to help address these challenges. The Department of Energy has a broad role in energy policy development and the largest role in implementing the Federal Government’s energy research and development portfolio. Many other executive departments and agencies also play key roles in developing and implementing policies governing energy resources and consumption, as well as associated environmental impacts. In PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 addition, non-Federal actors are crucial contributors to energy policies. Because most energy and related infrastructure is owned by private entities, investment by and engagement of the private sector is necessary to develop and implement effective policies. State and local policies; the views of nongovernmental, environmental, faith-based, labor, and other social organizations; and contributions from the academic and non-profit sectors are also critical to the development and implementation of effective energy policies. An interagency Quadrennial Energy Review Task Force, which includes members from all relevant executive departments and agencies (agencies), will develop an integrated review of energy policy that integrates all of these perspectives. It will build on the foundation provided in the Administration’s Blueprint for a Secure Energy Future of March 30, 2011, and Climate Action Plan released on June 25, 2013. The Task Force will offer recommendations on what additional actions it believes would be appropriate. These may include recommendations on additional executive or legislative actions to address the energy challenges and opportunities facing the Nation. July 21, 2014 Public Meeting: Natural Gas Transmission, Storage & Distribution On July 21, 2014, the DOE will hold a public meeting in Pittsburgh, Pennsylvania. The July 21, 2014, public meeting will feature facilitated panel discussions, followed by an open microphone session. Persons desiring to speak during the open microphone session at the public meeting should come prepared to speak for no more than 5 minutes and will be accommodated on a first-come, firstserve basis, according to the order in which they register to speak on a signin sheet available at the meeting location, on the morning of the meeting. In advance of the meeting, DOE anticipates making publicly available a briefing memorandum providing useful background information regarding the topics under discussion at the meeting. DOE will post this memorandum on its Web site: http://energy.gov. Submitting comments via email. Submitting comments by email to the QER email address will require you to provide your name and contact information in the transmittal email. Your contact information will be viewable to DOE staff only. Your contact information will not be publicly viewable except for your first and last names, organization name (if any), and submitter representative name (if any). E:\FR\FM\01JYN1.SGM 01JYN1

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[Federal Register Volume 79, Number 126 (Tuesday, July 1, 2014)]
[Notices]
[Pages 37301-37302]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-15430]


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DEPARTMENT OF EDUCATION


Annual Notice of Interest Rates of Federal Student Loans Made 
Under the William D. Ford Federal Direct Loan Program on or After July 
1, 2013

AGENCY: Federal Student Aid, Department of Education.

ACTION: Notice.

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

Catalog of Federal Domestic Assistance (CFDA) Number: 84.268.

DATES: This notice is effective July 1, 2014.
SUMMARY: The Chief Operating Officer for Federal Student Aid announces 
the interest rates for loans made under the William D. Ford Federal 
Direct Loan (Direct Loan) Program on or after July 1, 2014, through 
June 30, 2015.

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 Federal Direct Consolidation Loans (Direct 
Consolidation Loans).
    Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS 
Loans (collectively, Direct Loans) first disbursed on or after July 1, 
2013, have a fixed interest rate that is calculated based on the high 
yield of the 10-year Treasury notes auctioned at the final auction held 
before June 1 of each year, plus a statutory add-on percentage. 
Therefore, while the interest rate determination for new loans will be 
different from year to year, such loans will have a fixed interest rate 
for the life of the loan. In each case, the calculated rate is capped 
by a maximum interest rate.
    The following chart contains specific information on the 
calculation of the interest rates for Direct Loans first disbursed on 
or after July 1, 2014, and through June 30, 2015. We publish a separate 
notice containing the interest rates for Direct Loans that were made in 
prior years.

     Fixed-Rate Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans First Disbursed on or After 7/1/2014 and Through 6/30/2015
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                      Cohort                Index rate
                                                         ------------------------------------------------
             Loan type               Student grade level       First           First                          Margin        Fixed rate       Max. rate
                                                           disbursed on/     disbursed        10-Year        (percent)       (percent)       (percent)
                                                               after          before       treasury note
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized........................  Undergraduates......        7/1/2014        7/1/2015            2.61            2.05            4.66            8.25
Unsubsidized......................  Undergraduates......        7/1/2014        7/1/2015            2.61            2.05            4.66            8.25
Unsubsidized......................  Graduate and                7/1/2014        7/1/2015            2.61            3.60            6.21            9.50
                                     Professional
                                     Students.
PLUS..............................  Parents of Dependent        7/1/2014        7/1/2015            2.61            4.60            7.21           10.50
                                     Undergraduates.
PLUS..............................  Graduate and                7/1/2014        7/1/2015            2.61            4.60            7.21           10.50
                                     Professional
                                     Students.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    If an application for a Direct Consolidation Loan is received by 
the Department on or after July 1, 2013, the interest rate on that loan 
is the weighted average of the consolidated loans, rounded up to the 
nearest higher \1/8\ of 1 percent. Such Direct Consolidation Loans do 
not have an interest rate cap.
    Electronic Access to This Document: The official version of this 
document is the document published in the Federal Register. Free 
Internet access to the

[[Page 37302]]

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.

    Authority: 20 U.S.C. 1087, et seq.

    Dated: June 26, 2014.
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. 2014-15430 Filed 6-30-14; 8:45 am]
BILLING CODE 4000-01-P