Annual Notice of Interest Rates for Variable-Rate Federal Student Loans Made Under the Federal Family Education Loan Program Prior to July 1, 2010, 48233-48236 [2020-17397]

Download as PDF 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 48234 Federal Register / Vol. 85, No. 154 / Monday, August 10, 2020 / Notices HEAL loans is a variable rate that is equal to the average of the bond equivalent rates of the 91-day Treasury bills auctioned for the quarter ending June 30, plus a statutory add-on percentage. For the portion of a Consolidation Loan that repaid HEAL loans, there is no maximum interest rate. The average of the bond equivalent rates of the 91-day Treasury bills auctioned for the quarter ending on June 30, 2020, is 0.15 percent. The statutory add-on percentages and maximum interest rates vary depending on loan type and when the loan was first disbursed. In addition, the add-on percentage for certain Stafford Loans is different depending on whether the loan is in an in-school, grace, or deferment status, or in any other status. If the interest rate calculated in accordance with the applicable formula exceeds the statutory maximum interest rate, the statutory maximum rate applies. Charts 1 through 4 show the interest rate formulas that are used to determine the interest rates for all variable-rate FFEL Program loans and the interest rates that are in effect during the 12month period from July 1, 2020, through June 30, 2021. Unless otherwise indicated, the cohorts shown in each chart include all borrowers, regardless of prior borrowing. Chart 1 shows the interest rates for loans with rates based on the 91-day Treasury bill, with the exception of ‘‘converted’’ variable-rate Federal Stafford Loans and certain Federal Consolidation Loans. Chart 2 shows the interest rates for loans with rates based on the weekly average of the one-year constant maturity Treasury yield. Chart 3 shows the interest rates for ‘‘converted’’ variable-rate Federal Stafford Loans. These are loans that originally had varying fixed interest rates. Finally, Chart 4 shows the interest rates for variable-rate Federal Consolidation Loans, and for the portion of any Federal Consolidation Loan that repaid loans made under the HEAL Program. CHART 1—SUBSIDIZED FEDERAL STAFFORD LOANS, UNSUBSIDIZED FEDERAL STAFFORD LOANS, AND FEDERAL PLUS LOANS jbell on DSKJLSW7X2PROD with NOTICES [Interest rate based on 91-day treasury bill] Loan type Cohort Subsidized Stafford. Unsubsidized Stafford. First disbursed on/after 07/ 01/98 and before 07/01/06. 0.13 PLUS ................. First disbursed on/after 07/ 01/98 and before 07/01/06. 0.13 Subsidized Stafford. Unsubsidized Stafford. First disbursed on/after 07/ 01/95 and before 07/01/98. 0.13 Subsidized Stafford. Unsubsidized Stafford. First disbursed on/after 07/ 01/94 and before 07/01/95, for a period of enrollment that included or began on or after 07/ 01/94. 0.13 3.10 8.25 3.23. Subsidized Stafford. Unsubsidized Stafford. First disbursed on/after 10/ 01/92 and before 07/01/94; and First disbursed on/ after 07/01/ 94, for a period of enrollment ending before 07/01/ 94 (new borrowers). 0.13 3.10 9.00 3.23. VerDate Sep<11>2014 20:31 Aug 07, 2020 91-day T-bill rate 05/26/20 (%) Jkt 250001 PO 00000 Add-on (%) 1.70 (in-school, grace, deferment). Maximum rate (%) 2.30 (any other status). 3.10 2.50 (in-school, grace, deferment). Frm 00086 Fmt 4703 1.83 (in-school, grace, deferment). 9.00 3.10 (any other status). Sfmt 4703 8.25 Interest rate 07/01/20 through 06/ 30/21 (%) 8.25 E:\FR\FM\10AUN1.SGM 2.43 (any other status). 3.23. 2.63 (in-school, grace, deferment). 10AUN1 3.23 (any other status). 48235 Federal Register / Vol. 85, No. 154 / Monday, August 10, 2020 / Notices CHART 2—FEDERAL PLUS LOANS AND SLS LOANS [Interest rate based on weekly average of one-year constant maturity treasury yield] Weekly average of 1-year constant maturity Treasury yield for last calendar week ending on or before 06/26/20 (%) Loan type Cohort PLUS ............................. First disbursed on/after 07/01/94 and before 07/ 01/98. First disbursed on/after 10/01/92 and before 07/ 01/94. First disbursed on/after 10/01/92, for a period of enrollment beginning before 07/01/94. First disbursed before 10/01/92 ........................... PLUS ............................. SLS ................................ PLUS ............................. SLS Add-on (%) Maximum rate (%) Interest rate 07/01/20 through 06/30/21 (%) 0.17 3.10 9.00 3.27 0.17 3.10 10.00 3.27 0.17 3.10 11.00 3.27 0.17 3.25 12.00 3.42 CHART 3—‘‘CONVERTED’’ VARIABLE-RATE SUBSIDIZED AND UNSUBSIDIZED FEDERAL STAFFORD LOANS [Interest rate based on 91-day treasury bill] Loan type Original fixed interest rate (later converted to variable rate) (%) Cohort Subsidized Stafford. Unsubsidized Stafford. Subsidized Stafford. Unsubsidized Stafford. Subsidized Stafford. Unsubsidized Stafford. Subsidized Stafford. Unsubsidized Stafford. Subsidized Stafford. Unsubsidized Stafford. Subsidized Stafford. Unsubsidized Stafford. 91-day T-bill rate 05/26/20 (%) Add-on (%) Maximum rate (%) Interest rate 07/01/20 through 06/30/21 (%) First disbursed on or after 07/23/92 and before 07/01/94 (prior borrowers). 8.00, increasing to 10.00. 0.13 3.10 10.00 3.23 First disbursed on or after 07/23/92 and before 07/01/94 (prior borrowers). 9.00 .................... 0.13 3.10 9.00 3.23 First disbursed on or after 07/23/92 and before 07/01/94 (prior borrowers). 8.00 .................... 0.13 3.10 8.00 3.23 First disbursed on or after 07/23/92 and before 07/01/94 (prior borrowers). 7.00 .................... 0.13 3.10 7.00 3.23 First disbursed on or after 07/23/92 and before 10/01/92 (new borrowers). 8.00, increasing to 10.00. 0.13 3.25 10.00 3.38 First disbursed on or after 07/01/88 and before 07/23/92. 8.00, increasing to 10.00. 0.13 3.25 10.00 3.38 CHART 4—FEDERAL CONSOLIDATION LOANS jbell on DSKJLSW7X2PROD with NOTICES Consolidation loan component Portion of loan that repaid loans other than HEAL loans. VerDate Sep<11>2014 91-day T-bill rate 05/26/20 (%) Cohort Application received on/ after 11/13/97 and before 10/01/98. 20:31 Aug 07, 2020 Jkt 250001 PO 00000 Average of the bond equivalent rates of the 91-day T-bills auctioned for the quarter ending 06/30/20 (%) Frm 00087 0.13 Fmt 4703 Sfmt 4703 Add-on (%) N/A E:\FR\FM\10AUN1.SGM 3.10 Maximum rate (%) 8.25 ................ 10AUN1 Interest rate 07/01/20 through 06/30/21 (%) 3.23 48236 Federal Register / Vol. 85, No. 154 / Monday, August 10, 2020 / Notices CHART 4—FEDERAL CONSOLIDATION LOANS—Continued Consolidation loan component Portion of the loan that repaid HEAL loans. Application received on/ after 11/13/97. Program Authority: 20 U.S.C. 1071 et seq. Mark A. Brown, Chief Operating Officer, Federal Student Aid. [FR Doc. 2020–17397 Filed 8–7–20; 8:45 am] BILLING CODE 4000–01–P DEPARTMENT OF ENERGY Finding of No Significant Impact for the Commercial Disposal of Defense Waste Processing Facility Recycle Wastewater From the Savannah River Site Office of Environmental Management, Department of Energy. ACTION: Finding of No Significant Impact. jbell on DSKJLSW7X2PROD with NOTICES AGENCY: The Department of Energy (DOE) has completed the Final Environmental Assessment for the Commercial Disposal of Defense Waste SUMMARY: VerDate Sep<11>2014 91-day T-bill rate 05/26/20 (%) Cohort 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. 20:31 Aug 07, 2020 Jkt 250001 Average of the bond equivalent rates of the 91-day T-bills auctioned for the quarter ending 06/30/20 (%) N/A 0.15 Processing Facility Recycle Wastewater from the Savannah River Site (Final EA). The Proposed Action in the Final EA is the disposal of up to 10,000 gallons of stabilized (grouted) Defense Waste Processing Facility (DWPF) recycle wastewater from the Savannah River Site (SRS) at a commercial lowlevel radioactive waste (LLW) disposal facility located outside of South Carolina and licensed by either the Nuclear Regulatory Commission (NRC) or an Agreement State. Based on the information and analysis in the Final EA, DOE intends to ship up to 8 gallons of the DWPF recycle wastewater to the Waste Control Specialists, LLC (WCS) Federal Waste Facility (FWF), a licensed commercial disposal facility located in Andrews, Texas, for stabilization and disposal. ADDRESSES: This Finding of No Significant Impact and the Final EA are available on the DOE National Environmental Policy Act (NEPA) website at: https://www.energy.gov/ nepa/doeea-2115-commercial-disposaldefense-waste-processing-facilityrecycle-wastewater-savannah. FOR FURTHER INFORMATION CONTACT: James Joyce and/or Theresa Kliczewski, U.S. Department of Energy, Office of Environmental Management, Office of Waste and Materials Management (EM– 4.2), 1000 Independence Avenue SW, Washington, DC 20585. Emails: James.Joyce@em.doe.gov and Theresa.Kliczewski@em.doe.gov. Phone number: (202)586–5000. SUPPLEMENTARY INFORMATION: Background DOE prepared the Final EA in accordance with Council on Environmental Quality (CEQ) regulations and DOE NEPA implementing procedures at 40 CFR parts 1500 through 1508 and 10 CFR part 1021, respectively. In the Final EA, the proposed action is the disposal of up to 10,000 gallons of stabilized (grouted) DWPF recycle wastewater from the SRS H-Area Tank Farm at a commercial LLW PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 Add-on (%) 3.00 Maximum rate (%) Interest rate 07/01/20 through 06/30/21 (%) None .............. 3.15 disposal facility located outside of South Carolina and licensed by either the NRC or an Agreement State under 10 CFR part 61. Treatment and disposal alternatives for this waste are discussed under the ‘‘Proposed Action and Alternatives’’ section. Any proposal to dispose of more than 10,000 gallons of DWPF recycle wastewater would be evaluated in a separate NEPA review. The proposed action would be implemented starting within 12 months 1 of this Finding of No Significant Impact and would inform planning activities for the three years between the completion of the Salt Waste Processing Facility (SWPF) mission (estimated 2031) and DWPF mission completion (estimated 2034). During that three-year period, DOE will not have the option of returning DWPF recycle wastewater to the tank farm (which is how SRS presently addresses DWPF recycle wastewater) and SWPF for processing because SWPF will have completed its mission of treating salt waste from the tank farms and will undergo closure. The proposed action enables DOE to develop an alternative capability for stabilization and disposal of DWPF recycle through the use of a licensed commercial facility. SRS generated large quantities of liquid radioactive waste as a result of its nuclear materials production mission. This liquid radioactive waste has historically been managed as high-level radioactive waste (HLW). The waste was placed into underground storage tanks at SRS and consists primarily of three physical forms: Sludge, saltcake, and liquid supernatant. The sludge portion in the underground tanks is being transferred on-site to the DWPF for vitrification in borosilicate glass to immobilize the radioactive constituents. The resulting vitrified waste form is poured as molten glass into production canisters where it cools into a solid 1 This small quantity (up to 8 gallons) would enable DOE to initiate the transportation, stabilization, and disposal within the next 12 months. E:\FR\FM\10AUN1.SGM 10AUN1

Agencies

[Federal Register Volume 85, Number 154 (Monday, August 10, 2020)]
[Notices]
[Pages 48233-48236]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17397]


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

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

AGENCY: Federal Student Aid, Department of Education.

ACTION: Notice.

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

Catalog of Federal Domestic Assistance (CFDA) Number: 84.032.

SUMMARY: The Chief Operating Officer for Federal Student Aid announces 
the 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: [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: 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 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 91-day 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 91-day 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 91-day 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

[[Page 48234]]

HEAL loans is a variable rate that is equal to the average of the bond 
equivalent rates of the 91-day Treasury bills auctioned for the quarter 
ending June 30, plus a statutory add-on percentage. For the portion of 
a Consolidation Loan that repaid HEAL loans, there is no maximum 
interest rate.
    The average of the bond equivalent rates of the 91-day Treasury 
bills auctioned for the quarter ending on June 30, 2020, is 0.15 
percent.
    The statutory add-on percentages and maximum interest rates vary 
depending on loan type and when the loan was first disbursed. In 
addition, the add-on percentage for certain Stafford Loans is different 
depending on whether the loan is in an in-school, grace, or deferment 
status, or in any other status. If the interest rate calculated in 
accordance with the applicable formula exceeds the statutory maximum 
interest rate, the statutory maximum rate applies.
    Charts 1 through 4 show the interest rate formulas that are used to 
determine the interest rates for all variable-rate FFEL Program loans 
and the interest rates that are in effect during the 12-month period 
from July 1, 2020, through June 30, 2021. Unless otherwise indicated, 
the cohorts shown in each chart include all borrowers, regardless of 
prior borrowing.
    Chart 1 shows the interest rates for loans with rates based on the 
91-day Treasury bill, with the exception of ``converted'' variable-rate 
Federal Stafford Loans and certain Federal Consolidation Loans.
    Chart 2 shows the interest rates for loans with rates based on the 
weekly average of the one-year constant maturity Treasury yield.
    Chart 3 shows the interest rates for ``converted'' variable-rate 
Federal Stafford Loans. These are loans that originally had varying 
fixed interest rates.
    Finally, Chart 4 shows the interest rates for variable-rate Federal 
Consolidation Loans, and for the portion of any Federal Consolidation 
Loan that repaid loans made under the HEAL Program.

                         Chart 1--Subsidized Federal Stafford Loans, Unsubsidized Federal Stafford Loans, and Federal Plus Loans
                                                      [Interest rate 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 Stafford...........  First disbursed             0.13  1.70 (in-school,  2.30 (any other             8.25  1.83 (in-school,  2.43 (any other
Unsubsidized Stafford.........   on/after 07/01/                   grace,            status).                          grace,            status).
                                 98 and before                     deferment).                                         deferment).
                                 07/01/06.
--------------------------------------------------------------------------------------------------------------------------------------------------------
PLUS..........................  First disbursed             0.13                 3.10                           9.00                 3.23.
                                 on/after 07/01/
                                 98 and before
                                 07/01/06.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized Stafford...........  First disbursed             0.13  2.50 (in-school,  3.10 (any other             8.25  2.63 (in-school,  3.23 (any other
Unsubsidized Stafford.........   on/after 07/01/                   grace,            status).                          grace,            status).
                                 95 and before                     deferment).                                         deferment).
                                 07/01/98.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized Stafford...........  First disbursed             0.13                 3.10                           8.25                 3.23.
Unsubsidized Stafford.........   on/after 07/01/
                                 94 and before
                                 07/01/95, for a
                                 period of
                                 enrollment that
                                 included or
                                 began on or
                                 after 07/01/94.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized Stafford...........  First disbursed             0.13                 3.10                           9.00                 3.23.
Unsubsidized Stafford.........   on/after 10/01/
                                 92 and before
                                 07/01/94; and
                                 First disbursed
                                 on/after 07/01/
                                 94, for a
                                 period of
                                 enrollment
                                 ending before
                                 07/01/94 (new
                                 borrowers).
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 48235]]


                                    Chart 2--Federal Plus Loans and SLS Loans
              [Interest rate 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..........................  First disbursed             0.17            3.10            9.00            3.27
                                 on/after 07/01/
                                 94 and before
                                 07/01/98.
PLUS..........................  First disbursed             0.17            3.10           10.00            3.27
                                 on/after 10/01/
                                 92 and before
                                 07/01/94.
SLS...........................  First disbursed             0.17            3.10           11.00            3.27
                                 on/after 10/01/
                                 92, for a
                                 period of
                                 enrollment
                                 beginning
                                 before 07/01/94.
PLUS..........................  First disbursed             0.17            3.25           12.00            3.42
SLS...........................   before 10/01/92.
----------------------------------------------------------------------------------------------------------------


                                 Chart 3--``Converted'' Variable-Rate Subsidized and Unsubsidized Federal Stafford Loans
                                                      [Interest rate based on 91-day treasury bill]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                           Interest rate
                                                                 Original fixed interest   91-day T-bill                   Maximum rate      07/01/20
              Loan type                         Cohort            rate (later converted    rate 05/26/20    Add-on (%)          (%)       through 06/30/
                                                                  to variable rate) (%)         (%)                                           21 (%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized Stafford..................  First disbursed on or     8.00, increasing to                0.13            3.10           10.00            3.23
Unsubsidized Stafford................   after 07/23/92 and        10.00.
                                        before 07/01/94 (prior
                                        borrowers).
Subsidized Stafford..................  First disbursed on or     9.00...................            0.13            3.10            9.00            3.23
Unsubsidized Stafford................   after 07/23/92 and
                                        before 07/01/94 (prior
                                        borrowers).
Subsidized Stafford..................  First disbursed on or     8.00...................            0.13            3.10            8.00            3.23
Unsubsidized Stafford................   after 07/23/92 and
                                        before 07/01/94 (prior
                                        borrowers).
Subsidized Stafford..................  First disbursed on or     7.00...................            0.13            3.10            7.00            3.23
Unsubsidized Stafford................   after 07/23/92 and
                                        before 07/01/94 (prior
                                        borrowers).
Subsidized Stafford..................  First disbursed on or     8.00, increasing to                0.13            3.25           10.00            3.38
Unsubsidized Stafford................   after 07/23/92 and        10.00.
                                        before 10/01/92 (new
                                        borrowers).
Subsidized Stafford..................  First disbursed on or     8.00, increasing to                0.13            3.25           10.00            3.38
Unsubsidized Stafford................   after 07/01/88 and        10.00.
                                        before 07/23/92.
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                                          Chart 4--Federal Consolidation Loans
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                               Average of the
                                                                                    bond
                                                                                 equivalent
                                                                91-day T-bill   rates of the                                               Interest rate
    Consolidation loan component               Cohort           rate 05/26/20  91-day T-bills    Add-on (%)         Maximum rate (%)         07/01/20
                                                                     (%)        auctioned for                                             through 06/30/
                                                                                 the quarter                                                  21 (%)
                                                                                ending 06/30/
                                                                                   20 (%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Portion of loan that repaid loans     Application received on/           0.13             N/A            3.10  8.25.....................            3.23
 other than HEAL loans.                after 11/13/97 and
                                       before 10/01/98.

[[Page 48236]]

 
Portion of the loan that repaid HEAL  Application received on/            N/A            0.15            3.00  None.....................            3.15
 loans.                                after 11/13/97.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    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. 1071 et seq.

Mark A. Brown,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 2020-17397 Filed 8-7-20; 8:45 am]
BILLING CODE 4000-01-P