Annual Notice of Variable Interest Rates of Federal Student Loans Made Under the Federal Family Education Loan Program Prior to July 1, 2010, 39111-39113 [2017-17424]
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Federal Register / Vol. 82, No. 158 / Thursday, August 17, 2017 / Notices
with the provisions of Part 756 of the
Regulations.
Fifth, a copy of this Order shall be
delivered to Jose Luis Benavides-Cira,
and shall be published in the Federal
Register.
Sixth, this Order is effective
immediately and shall remain in effect
until November 30, 2020.
Issued: August 10, 2017.
Karen H. Nies-Vogel,
Director, Office of Exporter Services.
[FR Doc. 2017–17374 Filed 8–16–17; 8:45 am]
BILLING CODE P
DEPARTMENT OF COMMERCE
administrative review of this
antidumping duty order.2 On March 24,
2017, Topray Solar timely withdrew its
request for an administrative review.3
On April 10, 2017, the Department
published in the Federal Register a
notice of initiation 4 of an administrative
review with respect to 27 companies.
Because Topray Solar timely withdrew
its request for an administrative review
before the Department published its
initiation notice, the Department did not
initiate an administrative review with
respect to Topray Solar. On May 11,
2017, the petitioner timely withdrew its
request for an administrative review of
all 27 companies for which it had
requested a review.5
International Trade Administration
Rescission of Administrative Review
[A–570–010]
Pursuant to 19 CFR 351.213(d)(1), the
Department will rescind an
administrative review, in whole or in
part, if the parties that requested a
review withdraw the request within 90
days of the date of publication of the
notice of initiation of the requested
review. Topray Solar and the petitioner
withdrew their requests for review by
the 90-day deadline, and no other
parties requested an administrative
review of this order. Therefore, we are
rescinding the administrative review of
the antidumping duty order on certain
crystalline silicon photovoltaic products
from the PRC covering the period
February 1, 2016 to January 31, 2017.
Certain Crystalline Silicon Photovoltaic
Products From the People’s Republic
of China: Rescission of Antidumping
Duty Administrative Review
Enforcement and Compliance,
International Trade Administration,
Department of Commerce.
SUMMARY: The Department of Commerce
(the Department) is rescinding its
administrative review of the
antidumping duty order on certain
crystalline silicon photovoltaic products
from the People’s Republic of China
(PRC) covering the period February 1,
2016, through January 31, 2017.
DATES: Applicable August 17, 2017.
FOR FURTHER INFORMATION CONTACT:
Aleksandras Nakutis, AD/CVD
Operations, Office IV, Enforcement &
Compliance, International Trade
Administration, Department of
Commerce, 1401 Constitution Avenue
NW., Washington, DC 20230; telephone:
(202) 482–3147.
SUPPLEMENTARY INFORMATION:
AGENCY:
sradovich on DSK3GMQ082PROD with NOTICES
Background
On February 8, 2017, the Department
published in the Federal Register a
notice of opportunity to request an
administrative review of the
antidumping duty order on certain
crystalline silicon photovoltaic products
from the PRC.1 The Department
received a timely request from
Shenzhen Topray Solar Co., Ltd.
(Topray Solar) and SolarWorld
Americas, Inc. (the petitioner), in
accordance with section 751(a) of the
Tariff Act of 1930, as amended (the Act),
and 19 CFR 351.213(b), to conduct an
1 See Antidumping or Countervailing Duty Order,
Finding, or Suspend Investigation; Opportunity To
Request Administrative Review, 82 FR 9709
(February 8, 2017).
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Assessment
The Department will instruct U.S.
Customs and Border Protection (CBP) to
assess antidumping duties on all
appropriate entries. Antidumping duties
shall be assessed at an amount equal to
the cash deposit of estimated
antidumping duties required at the time
of entry, or withdrawal from warehouse,
for consumption, in accordance with 19
CFR 351.212(c)(1)(i). The Department
intends to issue appropriate assessment
instructions directly to CBP 15 days
2 See Letter from Topray Solar, regarding
‘‘Crystalline Silicon Photovoltaic Products from the
People’s Republic of China Request for
Administrative Review,’’ dated February 27, 2017;
see also Letter from the petitioner, regarding
‘‘Certain Crystalline Silicon Photovoltaic Products
from the People’s Republic of China: Request for
Administrative Review,’’ dated February 28, 2017.
3 See Letter from Topray Solar, regarding
‘‘Crystalline Silicon Photovoltaic Products form the
People’s Republic of China Withdrawal of Request
for Administrative Review,’’ dated March 24, 2017.
4 See Initiation of Antidumping and
Countervailing Duty Administrative Reviews, 82 FR
17188 (April 10, 2017).
5 See Letter from the petitioner, regarding
‘‘Certain Crystalline Silicon Photovoltaic Products
from the People’s Republic of China: Withdrawal of
Administrative Review Request,’’ dated May 11,
2017.
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39111
after the date of publication of this
notice in the Federal Register.
Notification to Importers
This notice serves as the only
reminder to importers of their
responsibility, under 19 CFR
351.402(f)(2), to file a certificate
regarding the reimbursement of
antidumping duties prior to liquidation
of the relevant entries during this
review period. Failure to comply with
this requirement may result in the
presumption that reimbursement of
antidumping duties occurred and the
subsequent assessment of double
antidumping duties.
Notification Regarding Administrative
Protective Orders
This notice serves as the only
reminder to parties subject to
administrative protective order (APO) of
their responsibility concerning the
disposition of proprietary information
disclosed under APO in accordance
with 19 CFR 351.305(a)(3). Timely
written notification of the return or
destruction of APO materials or
conversion to judicial protective order is
hereby requested. Failure to comply
with the regulations and the terms of an
APO is a sanctionable violation.
This notice is published in
accordance with section 777(i)(1) of the
Act, and 19 CFR 351.213(d)(4).
Dated: August 9, 2017.
James Maeder,
Senior Director performing the duties of
Deputy Assistant Secretary for Antidumping
and Countervailing Duty Operations.
[FR Doc. 2017–17361 Filed 8–16–17; 8:45 a.m.]
BILLING CODE 3510–DS–P
DEPARTMENT OF EDUCATION
Annual Notice of Variable 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 (ED).
ACTION: Notice.
AGENCY:
The Chief Operating Officer
for Federal Student Aid announces the
variable interest rates for the period July
1, 2017, through June 30, 2018, for
certain loans made under the Federal
Family Education Loan (FFEL) Program.
The Chief Operating Officer takes this
action to give notice of FFEL Program
loan variable interest rates to the public.
DATES: This notice is applicable August
17, 2017.
FOR FURTHER INFORMATION CONTACT:
Rene Tiongquico, U.S. Department of
SUMMARY:
E:\FR\FM\17AUN1.SGM
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39112
Federal Register / Vol. 82, No. 158 / Thursday, August 17, 2017 / Notices
Education, 830 First Street NE., 11th
floor, Washington, DC 20202.
Telephone: (202) 377–4270 or by email:
Rene.Tiongquico@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: Catalog of
Federal Domestic Assistance (CFDA)
Number: 84.032.
Section 427A of the Higher Education
Act of 1965, as amended (HEA) (20
U.S.C. 1077a), provides formulas for
determining the interest rates charged to
borrowers on loans made under the
FFEL Program, including Federal
Subsidized and Unsubsidized Stafford
Loans, Federal PLUS Loans, and Federal
Consolidation Loans.
The FFEL Program includes loans
with variable interest rates and loans
with fixed interest rates. Most loans
made under the FFEL 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 12month period beginning July 1 of one
year and ending June 30 of the following
year.
Under section 427A(l) of the HEA,
FFEL Program loans first disbursed on
or after July 1, 2006, and before July 1,
2010, have a fixed interest rate. Interest
rates for these loans may be found in a
Federal Register notice published on
September 15, 2015 (80 FR 55342).
Federal Consolidation Loans made
prior to November 13, 1997, and on or
after October 1, 1998, have a fixed
interest rate that is based on the
weighted average of the loans that are
consolidated. Interest rates for Federal
Consolidation Loans made between
November 13, 1997, and September 30,
1998, are provided in Chart 3.
FFEL variable interest rates are based
on formulas that use the bond
equivalent rate of the 91-day Treasury
bill auctioned at the final auction held
before June 1 of each year plus a
statutorily established add-on. These
formulas apply to: All Federal
Subsidized and Unsubsidized Stafford
Loans first disbursed before October 1,
1992, that have been converted to
variable rate loans; all Federal
Subsidized and Unsubsidized Stafford
Loans first disbursed on or after October
1, 1992, and before July 1, 2006; Federal
PLUS Loans first disbursed on or after
July 1, 1998, and before July 1, 2006;
and Federal Consolidation Loans for
which the Federal Consolidation Loan
application was received on or after
November 13, 1997, and before October
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 30,
2017, which is used to calculate the
interest rates on these loans, is 0.976
percent rounded up to 0.98 percent.
For Federal PLUS loans first
disbursed before July 1, 1998, the
interest rate 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 for 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 26, 2017, which is used to
calculate the interest rate on these loans,
is 1.22 percent.
For Federal Consolidation loans for
which the application was received by
the lender on or after November 13,
1997, the interest rate that includes
portions of Federal Consolidation Loans
attributable to loans made by the U.S.
Department of Health and Human
Services under subpart I of part A of
title VII of the Public Health Service
Act, is based on the average of the bond
equivalent rates of the 91-day Treasury
bills auctioned for the quarter ending
June 30, 2017, plus a statutory add-on
percentage. There is no maximum
interest rate for these loans. The average
of the bond equivalent rates of the 91day Treasury bill auctioned for the
quarter ending on June 30, 2017, which
is used to calculate the interest rate on
these loans, is 0.92 percent.
This notice includes three charts
containing specific information on the
calculation of variable interest rates for
loans made under the FFEL Program:
Chart 1 contains information on the
interest rates for Federal Subsidized and
Unsubsidized Stafford Loans that were
made as fixed-rate loans, but were
subsequently converted to variable-rate
loans.
Chart 2 contains information on the
interest rates for variable-rate Federal
Subsidized and Unsubsidized Stafford
Loans.
Chart 3 contains information on the
interest rates for variable-rate Federal
PLUS Loans, certain Federal
Consolidation Loans, and Consolidation
Loans that include loans made by the
U.S. Department of Health and Human
Services under subpart I of part A of
title VII of the Public Health Service
Act.
CHART 1—‘‘CONVERTED’’ VARIABLE-RATE FEDERAL SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS INTEREST RATES
IN EFFECT FOR THE PERIOD 7/1/2017 THROUGH 6/30/2018
Cohort
sradovich on DSK3GMQ082PROD with NOTICES
First disbursed on or after
First disbursed
before
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
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. Whether the FFEL Program loans
represented by the third through sixth rows
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Jkt 241001
Original fixed interest rate
(%)
8.00,
8.00,
7.00
8.00
9.00
8.00,
Max. rate
(%)
increasing to 10.00 ...
increasing to 10.00 ...
....................................
....................................
....................................
increasing to 10.00 ...
10.00
10.00
7.00
8.00
9.00
10.00
of Chart 1 were made to a specific borrower
depends on the interest rate on the
borrower’s existing loans (see the ‘‘Original
Fixed Interest Rate’’ column in Chart 1) at the
PO 00000
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Fmt 4703
Sfmt 4703
91-Day T-bill
rate
(%)
0.98
0.98
0.98
0.98
0.98
0.98
Margin
(%)
3.25
3.25
3.10
3.10
3.10
3.10
Total rate
(%)
4.23
4.23
4.08
4.08
4.08
4.08
time the borrower received the loan(s) on or
after July 23, 1992, and prior to July 1, 1994.
In Charts 2 and 3, a dagger following
a date in a cohort field indicates that the
E:\FR\FM\17AUN1.SGM
17AUN1
39113
Federal Register / Vol. 82, No. 158 / Thursday, August 17, 2017 / Notices
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.
CHART 2—VARIABLE-RATE FEDERAL SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS INTEREST RATES IN EFFECT FOR
THE PERIOD 7/1/2017 THROUGH 6/30/2018
Cohort
First disbursed on or
after
Margin
10/1/1992 .....................
7/1/1994 .......................
7/1/1994 .......................
7/1/1995 .......................
7/1/1998 .......................
91-Day T-bill
rate
Max. rate
First disbursed
before
7/1/1994
7/1/1994†
7/1/1995
7/1/1998
7/1/2006
9.00
9.00
8.25
8.25
8.25
Note: The FFEL Program loans represented
in the first row in Chart 2 were only made
to ‘‘new borrowers’’ on or after October 1,
1992. The FFEL Program loans represented in
In-school,
grace,
deferment
(%)
0.98
0.98
0.98
0.98
0.98
Total rate
(%)
All other
periods
(%)
3.10
3.10
3.10
2.50
1.70
the second row in Chart 2 were only made
to ‘‘new borrowers’’ on or after July 1, 1994.
The FFEL Program loans represented in the
third row in Chart 2 must—in addition to
In-school,
grace,
deferment
(%)
3.10
3.10
3.10
3.10
2.30
All other
periods
(%)
4.08
4.08
4.08
3.48
2.68
4.08
4.08
4.08
4.08
3.28
having been first disbursed on or after July
1, 1994, and before July 1, 1995—have been
made for a period of enrollment that began
on or included July 1, 1994.
CHART 3—VARIABLE-RATE FEDERAL PLUS, SLS, AND CONSOLIDATION LOANS INTEREST RATES IN EFFECT FOR THE
PERIOD 7/1/2017 THROUGH 6/30/2018
Cohort
Index rate
Max. rate
(%)
Loan type
First disbursed
on or after
First disbursed
before
PLUS and SLS .............
SLS ..............................
PLUS ............................
PLUS ............................
PLUS ............................
Loan type .....................
—
10/1/1992
10/1/1992
7/1/1994
7/1/1998
Application
received on or
after
10/1/1992
7/1/1994†
7/1/1994
7/1/1998
7/1/2006
Application
received
before
12.00
11.00
10.00
9.00
9.00
Max. rate
—
—
—
—
0.98
91-Day T-bill
rate
Consolidation ...............
HHS Portion of Consolidation ........................
11/13/1997
10/1/1998
8.25
11/13/1997
—
—
The last row in Chart 3 refers to
portions of Federal Consolidation Loans
attributable to loans made by the U.S.
Department of Health and Human
Services under subpart I of part A of
title VII of the Public Health Service
Act.
sradovich on DSK3GMQ082PROD with NOTICES
Note: No new loans have been made under
the FFEL Program since June 30, 2010.
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
VerDate Sep<11>2014
19:44 Aug 16, 2017
Jkt 241001
91-Day T-bill
rate
Margin
(%)
Total rate
(%)
3.25
3.10
3.10
3.10
3.10
Margin
4.47
4.32
4.32
4.32
4.08
Total rate
0.98
1.22
1.22
1.22
1.22
—
Average of the
Bond
equivalent
rates of the
91-Day T-bill
for the quarter
prior to July 1
—
3.10
4.08
—
0.92
3.00
3.92
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.
Program Authority: 20 U.S.C. 1071 et
seq.
PO 00000
1-Year constant Treasury
maturity
(%)
Dated: August 14, 2017.
A. Wayne Johnson,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 2017–17424 Filed 8–16–17; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF EDUCATION
Annual Notice of Interest Rates for
Federal Student Loans Made Under the
William D. Ford Federal Direct Loan
Program Prior to July 1, 2013
Federal Student Aid,
Department of Education (ED).
AGENCY:
ACTION:
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17AUN1
]]>Agencies
[Federal Register Volume 82, Number 158 (Thursday, August 17, 2017)]
[Notices]
[Pages 39111-39113]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-17424]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF EDUCATION
Annual Notice of Variable Interest Rates of Federal Student Loans
Made Under the Federal Family Education Loan Program Prior to July 1,
2010
AGENCY: Federal Student Aid, Department of Education (ED).
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Chief Operating Officer for Federal Student Aid announces
the variable interest rates for the period July 1, 2017, through June
30, 2018, for certain loans made under the Federal Family Education
Loan (FFEL) Program. The Chief Operating Officer takes this action to
give notice of FFEL Program loan variable interest rates to the public.
DATES: This notice is applicable August 17, 2017.
FOR FURTHER INFORMATION CONTACT: Rene Tiongquico, U.S. Department of
[[Page 39112]]
Education, 830 First Street NE., 11th floor, Washington, DC 20202.
Telephone: (202) 377-4270 or by email: Rene.Tiongquico@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: Catalog of Federal Domestic Assistance
(CFDA) Number: 84.032.
Section 427A of the Higher Education Act of 1965, as amended (HEA)
(20 U.S.C. 1077a), provides formulas for determining the interest rates
charged to borrowers on loans made under the FFEL Program, including
Federal Subsidized and Unsubsidized Stafford Loans, Federal PLUS Loans,
and Federal Consolidation Loans.
The FFEL Program includes loans with variable interest rates and
loans with fixed interest rates. Most loans made under the FFEL 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 427A(l) of the HEA, FFEL Program loans first
disbursed on or after July 1, 2006, and before July 1, 2010, have a
fixed interest rate. Interest rates for these loans may be found in a
Federal Register notice published on September 15, 2015 (80 FR 55342).
Federal Consolidation Loans made prior to November 13, 1997, and on
or after October 1, 1998, have a fixed interest rate that is based on
the weighted average of the loans that are consolidated. Interest rates
for Federal Consolidation Loans made between November 13, 1997, and
September 30, 1998, are provided in Chart 3.
FFEL variable interest rates are based on formulas that use the
bond equivalent rate of the 91-day Treasury bill auctioned at the final
auction held before June 1 of each year plus a statutorily established
add-on. These formulas apply to: All Federal Subsidized and
Unsubsidized Stafford Loans first disbursed before October 1, 1992,
that have been converted to variable rate loans; all Federal Subsidized
and Unsubsidized Stafford Loans first disbursed on or after October 1,
1992, and before July 1, 2006; Federal PLUS Loans first disbursed on or
after July 1, 1998, and before July 1, 2006; and Federal Consolidation
Loans for which the Federal Consolidation Loan application was received
on or after November 13, 1997, and before October 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 30,
2017, which is used to calculate the interest rates on these loans, is
0.976 percent rounded up to 0.98 percent.
For Federal PLUS loans first disbursed before July 1, 1998, the
interest rate 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 for 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 26, 2017, which is used to calculate the interest rate on these
loans, is 1.22 percent.
For Federal Consolidation loans for which the application was
received by the lender on or after November 13, 1997, the interest rate
that includes portions of Federal Consolidation Loans attributable to
loans made by the U.S. Department of Health and Human Services under
subpart I of part A of title VII of the Public Health Service Act, is
based on the average of the bond equivalent rates of the 91-day
Treasury bills auctioned for the quarter ending June 30, 2017, plus a
statutory add-on percentage. There is no maximum interest rate for
these loans. The average of the bond equivalent rates of the 91-day
Treasury bill auctioned for the quarter ending on June 30, 2017, which
is used to calculate the interest rate on these loans, is 0.92 percent.
This notice includes three charts containing specific information
on the calculation of variable interest rates for loans made under the
FFEL Program:
Chart 1 contains information on the interest rates for Federal
Subsidized and Unsubsidized Stafford Loans that were made as fixed-rate
loans, but were subsequently converted to variable-rate loans.
Chart 2 contains information on the interest rates for variable-
rate Federal Subsidized and Unsubsidized Stafford Loans.
Chart 3 contains information on the interest rates for variable-
rate Federal PLUS Loans, certain Federal Consolidation Loans, and
Consolidation Loans that include loans made by the U.S. Department of
Health and Human Services under subpart I of part A of title VII of the
Public Health Service Act.
Chart 1--``Converted'' Variable-Rate Federal Subsidized and Unsubsidized Stafford Loans Interest Rates in Effect for the Period 7/1/2017 Through 6/30/
2018
--------------------------------------------------------------------------------------------------------------------------------------------------------
Cohort
-----------------------------------------------------------
First Original fixed interest rate Max. rate (%) 91-Day T-bill Margin (%) Total rate (%)
First disbursed on or after disbursed (%) rate (%)
before
--------------------------------------------------------------------------------------------------------------------------------------------------------
7/1/1988.................................. 7/23/1992 8.00, increasing to 10.00... 10.00 0.98 3.25 4.23
7/23/1992................................. 10/1/1992 8.00, increasing to 10.00... 10.00 0.98 3.25 4.23
7/23/1992................................. 7/1/1994 7.00........................ 7.00 0.98 3.10 4.08
7/23/1992................................. 7/1/1994 8.00........................ 8.00 0.98 3.10 4.08
7/23/1992................................. 7/1/1994 9.00........................ 9.00 0.98 3.10 4.08
7/23/1992................................. 7/1/1994 8.00, increasing to 10.00... 10.00 0.98 3.10 4.08
--------------------------------------------------------------------------------------------------------------------------------------------------------
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. Whether the FFEL Program loans represented by the third
through sixth rows of Chart 1 were made to a specific borrower
depends on the interest rate on the borrower's existing loans (see
the ``Original Fixed Interest Rate'' column in Chart 1) at the time
the borrower received the loan(s) on or after July 23, 1992, and
prior to July 1, 1994.
In Charts 2 and 3, a dagger following a date in a cohort field
indicates that the
[[Page 39113]]
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.
Chart 2--Variable-Rate Federal Subsidized and Unsubsidized Stafford Loans Interest Rates in Effect for the Period 7/1/2017 Through 6/30/2018
--------------------------------------------------------------------------------------------------------------------------------------------------------
Cohort Margin Total rate (%)
--------------------------------------------------------- ---------------------------------------------------------------
First Max. rate 91-Day T-bill In-school, In-school,
First disbursed on or after disbursed rate grace, All other grace, All other
before deferment (%) periods (%) deferment (%) periods (%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
10/1/1992............................... 7/1/1994 9.00 0.98 3.10 3.10 4.08 4.08
7/1/1994................................ 7/1/ 9.00 0.98 3.10 3.10 4.08 4.08
1994[dagger]
7/1/1994................................ 7/1/1995 8.25 0.98 3.10 3.10 4.08 4.08
7/1/1995................................ 7/1/1998 8.25 0.98 2.50 3.10 3.48 4.08
7/1/1998................................ 7/1/2006 8.25 0.98 1.70 2.30 2.68 3.28
--------------------------------------------------------------------------------------------------------------------------------------------------------
Note: The FFEL Program loans represented in the first row in
Chart 2 were only made to ``new borrowers'' on or after October 1,
1992. The FFEL Program loans represented in the second row in Chart
2 were only made to ``new borrowers'' on or after July 1, 1994. The
FFEL Program loans represented in the third row in Chart 2 must--in
addition to having been first disbursed on or after July 1, 1994,
and before July 1, 1995--have been made for a period of enrollment
that began on or included July 1, 1994.
Chart 3--Variable-Rate Federal PLUS, SLS, and Consolidation Loans Interest Rates in Effect for the Period 7/1/2017 Through 6/30/2018
--------------------------------------------------------------------------------------------------------------------------------------------------------
Cohort Index rate
-------------------------------- ---------------------------------------------------------------
1-Year
Loan type First First Max. rate (%) 91-Day T-bill constant
disbursed on disbursed rate Treasury Margin (%) Total rate (%)
or after before maturity (%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
PLUS and SLS............................ -- 10/1/1992 12.00 -- 1.22 3.25 4.47
SLS..................................... 10/1/1992 7/1/ 11.00 -- 1.22 3.10 4.32
1994[dagger]
PLUS.................................... 10/1/1992 7/1/1994 10.00 -- 1.22 3.10 4.32
PLUS.................................... 7/1/1994 7/1/1998 9.00 -- 1.22 3.10 4.32
PLUS.................................... 7/1/1998 7/1/2006 9.00 0.98 -- 3.10 4.08
Loan type............................... Application Application Max. rate 91-Day T-bill Average of the Margin Total rate
received on or received rate Bond
after before equivalent
rates of the
91-Day T-bill
for the
quarter prior
to July 1
Consolidation........................... 11/13/1997 10/1/1998 8.25 0.98 -- 3.10 4.08
HHS Portion of Consolidation............ 11/13/1997 -- -- -- 0.92 3.00 3.92
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The last row in Chart 3 refers to portions of Federal Consolidation
Loans attributable to loans made by the U.S. Department of Health and
Human Services under subpart I of part A of title VII of the Public
Health Service Act.
Note: No new loans have been made under the FFEL Program since
June 30, 2010.
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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
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by the Department.
Program Authority: 20 U.S.C. 1071 et seq.
Dated: August 14, 2017.
A. Wayne Johnson,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 2017-17424 Filed 8-16-17; 8:45 am]
BILLING CODE 4000-01-P
