Annual Notice of Interest Rates for Variable-Rate Federal Student Loans Made Under the William D. Ford Federal Direct Loan Program, 48231-48233 [2020-17396]
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Federal Register / Vol. 85, No. 154 / Monday, August 10, 2020 / Notices
48231
CHART 4—DIRECT CONSOLIDATION LOANS MADE BASED ON APPLICATIONS RECEIVED ON OR AFTER 02/01/1999—
Continued
Application received
Interest rate
(%)
On/after 02/01/1999 and before 07/
01/2013.
(same as above) ....................................................................................
Accessible Format: Individuals with
disabilities can obtain this document in
an accessible format (e.g., braille, large
print, audiotape, or compact disc) by
contacting the person listed under FOR
FURTHER INFORMATION CONTACT.
Electronic Access to This Document:
The official version of this document is
the document published in the Federal
Register. You may access the official
edition of the Federal Register and the
Code of Federal Regulations at
www.govinfo.gov. 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 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. 1087, et seq.
Mark A. Brown,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 2020–17395 Filed 8–7–20; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF EDUCATION
Annual Notice of Interest Rates for
Variable-Rate Federal Student Loans
Made Under the William D. Ford
Federal Direct Loan Program
Federal Student Aid,
Department of Education.
ACTION: Notice.
AGENCY:
Catalog of Federal Domestic Assistance
(CFDA) Number: 84.268.
The Chief Operating Officer
for Federal Student Aid announces the
interest rates for Federal Direct Stafford/
Ford Loans (Direct Subsidized Loans),
Federal Direct Unsubsidized Stafford/
Ford Loans (Direct Unsubsidized
Loans), and Federal Direct PLUS Loans
(Direct PLUS Loan) with first
disbursement dates before July 1, 2006,
and for Federal Direct Consolidation
Loans (Direct Consolidation Loans) for
jbell on DSKJLSW7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
20:31 Aug 07, 2020
Jkt 250001
Maximum interest rate
(%)
which the application was received
before February 1, 1999. The rates
announced in this notice are in effect for
the period July 1, 2020, through June 30,
2021.
FOR FURTHER INFORMATION CONTACT:
Travis Sturlaugson, U.S. Department of
Education, 830 First Street NE, 11th
Floor, Washington, DC 20202.
Telephone: (202) 377–4174. Email:
travis.sturlaugson@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.
Direct
Subsidized Loans, Direct Unsubsidized
Loans, Direct PLUS Loans, and Direct
Consolidation Loans (collectively
referred to as ‘‘Direct Loans’’) may have
either fixed or variable interest rates,
depending on when the loan was first
disbursed or, in the case of a Direct
Consolidation Loan, when the
application for the loan was received.
Direct Subsidized Loans, Direct
Unsubsidized Loans, and Direct PLUS
Loans first disbursed before July 1,
2006, and Direct Consolidation Loans
for which the application was received
before February 1, 1999, have variable
interest rates. For these loans, a new rate
is determined annually and is in effect
during the period from July 1 of one
year through June 30 of the following
year.
Direct Subsidized Loans, Direct
Unsubsidized Loans, and Direct PLUS
Loans first disbursed on or after July 1,
2006, and Direct Consolidation Loans
for which the application was received
on or after February 1, 1999, have fixed
interest rates that apply for the life of
the loan.
This notice announces the interest
rates for variable-rate Direct Loans that
will apply during the period from July
1, 2020, through June 30, 2021. Interest
rate information for fixed-rate Direct
Loans is announced in a separate notice
published in the Federal Register.
Interest rates for variable-rate Direct
Loans are determined in accordance
with formulas specified in section
455(b) of the Higher Education Act of
1965, as amended (HEA) (20 U.S.C.
1087e(b)). The formulas vary depending
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00083
Fmt 4703
Sfmt 4703
8.25%
on loan type and when the loan was
first disbursed or, for certain Direct
Consolidation Loans, when the
application for the loan was received.
The HEA specifies a maximum interest
rate for these loan types. If the interest
rate formula results in a rate that
exceeds the statutory maximum rate, the
rate is the statutory maximum rate.
Variable-Rate Direct Subsidized Loans,
Direct Unsubsidized Loans, and Direct
PLUS Loans
For Direct Subsidized Loans and
Direct Unsubsidized Loans with first
disbursement dates before July 1, 2006,
and for Direct PLUS Loans with first
disbursement dates on or after July 1,
1998, and before July 1, 2006, the
interest rate is equal to the lesser of—
(1) The bond equivalent rate of 91-day
Treasury bills auctioned at the final
auction held before the June 1
immediately preceding the 12-month
period to which the interest rate applies,
plus a statutory add-on percentage; or
(2) 8.25 percent (for Direct Subsidized
Loans and Direct Unsubsidized Loans)
or 9.00 percent (for Direct PLUS Loans).
For Direct Subsidized Loans and
Direct Unsubsidized Loans with first
disbursement dates on or after July 1,
1995, and before July 1, 2006, the
statutory add-on percentage varies
depending on whether the loan is in an
in-school, grace, or deferment status, or
in any other status. For all other loans,
the statutory add-on percentage is the
same during any status.
The bond equivalent rate of 91-day
Treasury bills auctioned on May 26,
2020, is 0.132 percent, rounded to 0.13
percent.
For Direct PLUS Loans with first
disbursement dates before July 1, 1998,
the interest rate is equal to the lesser
of—
(1) The weekly average 1-year
constant maturity Treasury yield, as
published by the Board of Governors of
the Federal Reserve System, for the last
calendar week ending on or before the
June 26 preceding the 12-month period
to which the interest rate applies, plus
a statutory add-on percentage; or
(2) 9.00 percent.
The weekly average of the one-year
constant maturity Treasury yield, as
published by the Board of Governors of
E:\FR\FM\10AUN1.SGM
10AUN1
48232
Federal Register / Vol. 85, No. 154 / Monday, August 10, 2020 / Notices
the Federal Reserve System, for the last
calendar week ending on or before June
26, 2020, is 0.17 percent.
Variable-Rate Direct Consolidation
Loans
A Direct Consolidation Loan may
have up to three components,
depending on the types of loans that
were repaid by the consolidation loan
and when the application for the
consolidation loan was received. The
three components are called Direct
Subsidized Consolidation Loans, Direct
Unsubsidized Consolidation Loans, and
(only for Direct Consolidation Loans
made based on applications received
before July 1, 2006) Direct PLUS
Consolidation Loans. In most cases the
interest rates for variable-rate Direct
Subsidized Consolidation Loans, Direct
Unsubsidized Consolidation Loans, and
Direct PLUS Consolidation Loans are
determined in accordance with the same
formulas that apply to Direct Subsidized
Loans, Direct Unsubsidized Loans, and
Direct PLUS Loans, respectively.
Interest Rate Charts
Charts 1 and 2 show the interest rate
formulas used to determine the interest
rates for all variable-rate Direct Loans
and the rates that are in effect during the
12-month period from July 1, 2020,
through June 30, 2021.
Chart 1 shows the interest rates for
loans with rates based on the 91-day
Treasury bill rate. Chart 2 shows the
interest rates for loans with rates based
on the weekly average of the one-year
constant maturity Treasury yield.
CHART 1—DIRECT SUBSIDIZED LOANS, DIRECT UNSUBSIDIZED LOANS, DIRECT SUBSIDIZED CONSOLIDATION LOANS,
DIRECT UNSUBSIDIZED CONSOLIDATION LOANS, DIRECT PLUS LOANS, AND DIRECT PLUS CONSOLIDATION LOANS
[Interest rates based on 91-day Treasury bill]
Loan type
Cohort
Subsidized, Unsubsidized.
First disbursed
on/after 07/
01/98 and before 07/01/06.
Subsidized Consolidation, Unsubsidized
Consolidation.
First disbursed
........................
on/after 07/
01/98 and before 10/01/98;
or Application
received before 10/01/98
and first disbursed on/
after 10/01/98.
PLUS .................
First disbursed
on/after 07/
01/98 and before 07/01/06.
0.13
PLUS Consolidation.
First disbursed
on/after 07/
01/1998 and
before 10/01/
1998; or Application received before
10/01/98 and
first disbursed
on/after 10/
01/98.
First disbursed
on/after 07/
01/95 and before 07/01/98.
........................
Subsidized, Unsubsidized,
Subsidized
Consolidation,
Unsubsidized
Consolidation.
jbell on DSKJLSW7X2PROD with NOTICES
91-day
T-bill rate
05/26/20
(%)
0.13
0.13
Add-on (%)
Maximum rate
(%)
1.70 (in-school,
grace,
deferment).
2.30 (any other
status).
..........................
..........................
3.10
8.25
........................
Interest rate 07/01/20 through 06/
30/21 (%)
1.83 (in-school,
grace,
deferment).
..........................
9.00
..........................
..........................
2.50 (in-school,
grace,
deferment).
3.10 (any other
status).
........................
8.25
2.43 (any other
status)
3.23
..........................
2.63 (in-school,
grace,
deferment).
3.23 (any other
status)
Subsidized, Unsubsidized,
Subsidized
Consolidation,
Unsubsidized
Consolidation.
First disbursed
before 07/01/
95.
0.13
.10
8.25
3.23
Subsidized Consolidation, Unsubsidized
Consolidation,
PLUS Consolidation.
Application received on/
after 10/01/98
and before
02/01/99.
0.13
2.30
8.25
2.43
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20:31 Aug 07, 2020
Jkt 250001
PO 00000
Frm 00084
Fmt 4703
Sfmt 4703
E:\FR\FM\10AUN1.SGM
10AUN1
48233
Federal Register / Vol. 85, No. 154 / Monday, August 10, 2020 / Notices
CHART 2—DIRECT PLUS LOANS AND DIRECT PLUS CONSOLIDATION LOANS
[Interest rates based on weekly average of one-year constant maturity treasury yield]
Loan type
Cohort
PLUS, PLUS Consolidation ..............
First disbursed before 07/01/98 .......
Accessible Format: Individuals with
disabilities can obtain this document in
an accessible format (e.g., braille, large
print, audiotape, or compact disc) on
request to the contact person listed
under FOR FURTHER INFORMATION
CONTACT.
Electronic Access to This Document:
The official version of this document is
the document published in the Federal
Register. You may access the official
edition of the Federal Register and the
Code of Federal Regulations at
www.govinfo.gov. 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 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. 1087 et
seq.
Mark A. Brown,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 2020–17396 Filed 8–7–20; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF EDUCATION
Annual Notice of Interest Rates for
Variable-Rate 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:
jbell on DSKJLSW7X2PROD with NOTICES
Weekly average of 1-year
constant maturity Treasury
yield for last
calendar week
ending on or
before 06/26/
20
(%)
Catalog of Federal Domestic Assistance
(CFDA) Number: 84.032.
The Chief Operating Officer
for Federal Student Aid announces the
SUMMARY:
VerDate Sep<11>2014
20:31 Aug 07, 2020
Jkt 250001
0.17
interest rates for loans made under the
Federal Family Education Loan (FFEL)
Program that have variable interest
rates. The rates announced in this notice
are in effect for the period July 1, 2020,
through June 30, 2021.
FOR FURTHER INFORMATION CONTACT:
Travis Sturlaugson, U.S. Department of
Education, 830 First Street NE, 11th
Floor, Washington, DC 20202.
Telephone: (202) 377–4174. Email:
travis.sturlaugson@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.
SUPPLEMENTARY INFORMATION: 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 (Stafford Loans), Federal PLUS
Loans (PLUS Loans), Federal
Consolidation Loans (Consolidation
Loans), and Federal Supplemental
Loans for Students (SLS Loans). No new
loans have been made under the FFEL
Program since June 30, 2010.
The FFEL Program includes loans
with variable interest rates that change
each year and loans with fixed interest
rates that remain the same for the life of
the loan. For loans with a variable
interest rate, the specific interest rate
formula that applies to a particular loan
depends on the date of the first
disbursement of the loan or, in the case
of a Consolidation Loan, the date the
application for the loan was received. If
a loan has a variable interest rate, a new
rate is determined annually and is in
effect during the period from July 1 of
one year through June 30 of the
following year.
This notice announces the interest
rates for variable-rate FFEL Program
loans that will be in effect during the
period from July 1, 2020, through June
30, 2021. Interest rates for fixed-rate
PO 00000
Frm 00085
Fmt 4703
Sfmt 4703
Add-on
(%)
3.10
Maximum rate
(%)
Interest rate
07/01/20
through 06/30/
21
(%)
9.00
3.27
FFEL Program loans may be found in a
Federal Register notice published on
September 15, 2015 (80 FR 55342).
For the majority of variable-rate FFEL
Program loans, the annual interest rate
is equal to the lesser of—
(1) The bond equivalent rate of the 91day Treasury bills auctioned at the final
auction held before June 1 of each year,
plus a statutory add-on percentage; or
(2) A statutorily established maximum
interest rate.
The bond equivalent rate of the 91day Treasury bills auctioned on May 26,
2020, is 0.132 percent, rounded to 0.13
percent.
For PLUS Loans first disbursed before
July 1, 1998, and for all SLS Loans, the
annual interest rate is equal to the lesser
of—
(1) 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
calendar week ending on or before June
26 of each year, plus a statutory add-on
percentage; or
(2) A statutorily established maximum
interest rate.
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
calendar week ending on or before June
26, 2020, is 0.17 percent.
For Consolidation Loans that have a
variable interest rate, the annual interest
rate for the portion of a Consolidation
Loan that repaid loans other than loans
made under the Health Education
Assistance Loans (HEAL) Program is
equal to—
(1) The bond equivalent rate of the 91day Treasury bill auctioned at the final
auction held before June 1 of each year,
plus a statutory add-on percentage; or
(2) A statutorily established maximum
interest rate.
If a Consolidation Loan (whether a
variable-rate loan or a fixed-rate loan)
repaid loans made under the HEAL
Program, the interest rate on the portion
of the Consolidation Loan that repaid
E:\FR\FM\10AUN1.SGM
10AUN1
Agencies
[Federal Register Volume 85, Number 154 (Monday, August 10, 2020)]
[Notices]
[Pages 48231-48233]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17396]
-----------------------------------------------------------------------
DEPARTMENT OF EDUCATION
Annual Notice of Interest Rates for Variable-Rate Federal Student
Loans Made Under the William D. Ford Federal Direct Loan Program
AGENCY: Federal Student Aid, Department of Education.
ACTION: Notice.
-----------------------------------------------------------------------
Catalog of Federal Domestic Assistance (CFDA) Number: 84.268.
SUMMARY: The Chief Operating Officer for Federal Student Aid announces
the interest rates for Federal Direct Stafford/Ford Loans (Direct
Subsidized Loans), Federal Direct Unsubsidized Stafford/Ford Loans
(Direct Unsubsidized Loans), and Federal Direct PLUS Loans (Direct PLUS
Loan) with first disbursement dates before July 1, 2006, and for
Federal Direct Consolidation Loans (Direct Consolidation Loans) for
which the application was received before February 1, 1999. The rates
announced in this notice are in effect for the period July 1, 2020,
through June 30, 2021.
FOR FURTHER INFORMATION CONTACT: Travis Sturlaugson, U.S. Department of
Education, 830 First Street NE, 11th Floor, Washington, DC 20202.
Telephone: (202) 377-4174. Email: [email protected].
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.
SUPPLEMENTARY INFORMATION: Direct Subsidized Loans, Direct Unsubsidized
Loans, Direct PLUS Loans, and Direct Consolidation Loans (collectively
referred to as ``Direct Loans'') may have either fixed or variable
interest rates, depending on when the loan was first disbursed or, in
the case of a Direct Consolidation Loan, when the application for the
loan was received. Direct Subsidized Loans, Direct Unsubsidized Loans,
and Direct PLUS Loans first disbursed before July 1, 2006, and Direct
Consolidation Loans for which the application was received before
February 1, 1999, have variable interest rates. For these loans, a new
rate is determined annually and is in effect during the period from
July 1 of one year through June 30 of the following year.
Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS
Loans first disbursed on or after July 1, 2006, and Direct
Consolidation Loans for which the application was received on or after
February 1, 1999, have fixed interest rates that apply for the life of
the loan.
This notice announces the interest rates for variable-rate Direct
Loans that will apply during the period from July 1, 2020, through June
30, 2021. Interest rate information for fixed-rate Direct Loans is
announced in a separate notice published in the Federal Register.
Interest rates for variable-rate Direct Loans are determined in
accordance with formulas specified in section 455(b) of the Higher
Education Act of 1965, as amended (HEA) (20 U.S.C. 1087e(b)). The
formulas vary depending on loan type and when the loan was first
disbursed or, for certain Direct Consolidation Loans, when the
application for the loan was received. The HEA specifies a maximum
interest rate for these loan types. If the interest rate formula
results in a rate that exceeds the statutory maximum rate, the rate is
the statutory maximum rate.
Variable-Rate Direct Subsidized Loans, Direct Unsubsidized Loans, and
Direct PLUS Loans
For Direct Subsidized Loans and Direct Unsubsidized Loans with
first disbursement dates before July 1, 2006, and for Direct PLUS Loans
with first disbursement dates on or after July 1, 1998, and before July
1, 2006, the interest rate is equal to the lesser of--
(1) The bond equivalent rate of 91-day Treasury bills auctioned at
the final auction held before the June 1 immediately preceding the 12-
month period to which the interest rate applies, plus a statutory add-
on percentage; or
(2) 8.25 percent (for Direct Subsidized Loans and Direct
Unsubsidized Loans) or 9.00 percent (for Direct PLUS Loans).
For Direct Subsidized Loans and Direct Unsubsidized Loans with
first disbursement dates on or after July 1, 1995, and before July 1,
2006, the statutory add-on percentage varies depending on whether the
loan is in an in-school, grace, or deferment status, or in any other
status. For all other loans, the statutory add-on percentage is the
same during any status.
The bond equivalent rate of 91-day Treasury bills auctioned on May
26, 2020, is 0.132 percent, rounded to 0.13 percent.
For Direct PLUS Loans with first disbursement dates before July 1,
1998, the interest rate is equal to the lesser of--
(1) The weekly average 1-year constant maturity Treasury yield, as
published by the Board of Governors of the Federal Reserve System, for
the last calendar week ending on or before the June 26 preceding the
12-month period to which the interest rate applies, plus a statutory
add-on percentage; or
(2) 9.00 percent.
The weekly average of the one-year constant maturity Treasury
yield, as published by the Board of Governors of
[[Page 48232]]
the Federal Reserve System, for the last calendar week ending on or
before June 26, 2020, is 0.17 percent.
Variable-Rate Direct Consolidation Loans
A Direct Consolidation Loan may have up to three components,
depending on the types of loans that were repaid by the consolidation
loan and when the application for the consolidation loan was received.
The three components are called Direct Subsidized Consolidation Loans,
Direct Unsubsidized Consolidation Loans, and (only for Direct
Consolidation Loans made based on applications received before July 1,
2006) Direct PLUS Consolidation Loans. In most cases the interest rates
for variable-rate Direct Subsidized Consolidation Loans, Direct
Unsubsidized Consolidation Loans, and Direct PLUS Consolidation Loans
are determined in accordance with the same formulas that apply to
Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS
Loans, respectively.
Interest Rate Charts
Charts 1 and 2 show the interest rate formulas used to determine
the interest rates for all variable-rate Direct Loans and the rates
that are in effect during the 12-month period from July 1, 2020,
through June 30, 2021.
Chart 1 shows the interest rates for loans with rates based on the
91-day Treasury bill rate. Chart 2 shows the interest rates for loans
with rates based on the weekly average of the one-year constant
maturity Treasury yield.
Chart 1--Direct Subsidized Loans, Direct Unsubsidized Loans, Direct Subsidized Consolidation Loans, Direct Unsubsidized Consolidation Loans, Direct PLUS
Loans, and Direct Plus Consolidation Loans
[Interest rates based on 91-day Treasury bill]
--------------------------------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------------------------------
Loan type Cohort.......... 91-day Add-on (%) Maximum rate Interest rate 07/01/20 through 06/
T-bill rate (%) 30/21 (%)
05/26/20
(%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized, Unsubsidized...... First disbursed 0.13 1.70 (in-school, 2.30 (any other 8.25 1.83 (in-school, 2.43 (any other
on/after 07/01/ grace, status). grace, status)
98 and before deferment). deferment).
07/01/06.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized Consolidation, First disbursed .............. ................ ................ .............. ................ ................
Unsubsidized Consolidation. on/after 07/01/
98 and before
10/01/98; or
Application
received before
10/01/98 and
first disbursed
on/after 10/01/
98.
-------------------------------------------------------------------------------------------------------
PLUS.......................... First disbursed 0.13 3.10 9.00 3.23
on/after 07/01/
98 and before
07/01/06.
-------------------------------------------------------------------------------------------------------
PLUS Consolidation............ First disbursed .............. ................ ................ .............. ................ ................
on/after 07/01/
1998 and before
10/01/1998; or
Application
received before
10/01/98 and
first disbursed
on/after 10/01/
98.
Subsidized, Unsubsidized, First disbursed 0.13 2.50 (in-school, 3.10 (any other 8.25 2.63 (in-school, 3.23 (any other
Subsidized Consolidation, on/after 07/01/ grace, status). grace, status)
Unsubsidized Consolidation. 95 and before deferment). deferment).
07/01/98.
-------------------------------------------------------------------------------------------------------
Subsidized, Unsubsidized, First disbursed 0.13 .10 8.25 3.23
Subsidized Consolidation, before 07/01/95.
Unsubsidized Consolidation.
-------------------------------------------------------------------------------------------------------
Subsidized Consolidation, Application 0.13 2.30 8.25 2.43
Unsubsidized Consolidation, received on/
PLUS Consolidation. after 10/01/98
and before 02/
01/99.
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 48233]]
Chart 2--Direct PLUS Loans and Direct PLUS Consolidation Loans
[Interest rates based on weekly average of one-year constant maturity treasury yield]
----------------------------------------------------------------------------------------------------------------
Weekly average
of 1-year
constant
maturity Interest rate
Treasury yield Maximum rate 07/01/20
Loan type Cohort for last Add-on (%) (%) through 06/30/
calendar week 21 (%)
ending on or
before 06/26/
20 (%)
----------------------------------------------------------------------------------------------------------------
PLUS, PLUS Consolidation...... First disbursed 0.17 3.10 9.00 3.27
before 07/01/98.
----------------------------------------------------------------------------------------------------------------
Accessible Format: Individuals with disabilities can obtain this
document in an accessible format (e.g., braille, large print,
audiotape, or compact disc) on request to the contact person listed
under FOR FURTHER INFORMATION CONTACT.
Electronic Access to This Document: The official version of this
document is the document published in the Federal Register. You may
access the official edition of the Federal Register and the Code of
Federal Regulations at www.govinfo.gov. 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 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. 1087 et seq.
Mark A. Brown,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 2020-17396 Filed 8-7-20; 8:45 am]
BILLING CODE 4000-01-P