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]
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Federal Register / Vol. 79, No. 126 / Tuesday, July 1, 2014 / Notices
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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
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VIII. Other Information
Accessible Format: Individuals with
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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
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Education, 400 Maryland Avenue SW.,
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20202–2550. Telephone: (202) 245–
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the FRS, toll free, at 1–800–877–8339.
Electronic Access to This Document:
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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.
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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
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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: https://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
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]]>Agencies
[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]
-----------------------------------------------------------------------
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
