Annual Notice of Interest Rates for Variable-Rate Federal Student Loans Made Under the William D. Ford Federal Direct Loan Program, 82858-82860 [2023-26053]
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khammond on DSKJM1Z7X2PROD with NOTICES
82858
Federal Register / Vol. 88, No. 226 / Monday, November 27, 2023 / Notices
64. Ms. Hong V Miller, Chief Human
Capital Officer, U.S. Army Futures
Command
65. Ms. Liz S Miranda, Deputy to the
Commanding General, CECOM,
U.S. Army Communications—
Electronics Command, U.S. Army
Materiel Command
66. Dr. Eric Moore, Deputy to the
Commanding General, U.S. Army
Combat Capabilities Development
Command, U.S. Army Futures
Command
67. Mr. William Nelson, Executive
Deputy to the Commanding
General, U.S. Army Futures
Command
68. Mr. Donald Nitti, Deputy to the
Commander, U.S. Army Aviation
and Missile Command, U.S. Army
Materiel Command
69. Mr. Levator Norsworthy, Jr., Deputy
General Counsel (Acquisition)/
Senior Deputy General Counsel,
Office of the General Counsel
70. Ms. Karen Pane, Director of Human
Resources, U.S. Army Corps of
Engineers
71. LTG Erik Peterson, Deputy Chief of
Staff, G–8, Office of the Deputy
Chief of Staff, G–8
72. LTG Walter E. Piatt, Director of the
Army Staff, Office of the Chief of
Staff of the Army
73. Mr. Jamie Pinkham, Principal
Deputy Assistant Secretary of the
Army (Civil Works), Office of the
Assistant Secretary of the Army
(Civil Works)
74. GEN Andrew P Poppas,
Commanding General, U.S. Army
Forces Command
75. LTG Laura Potter, Deputy Chief of
Staff, G–2, Office of the Deputy
Chief of Staff, G–2
76. Ms. Diane Randon, Assistant Deputy
Chief of Staff, G–2, Office of the
Deputy Chief of Staff, G–2
77. HON Carrie F Ricci, General
Counsel, Office of the General
Counsel
78. Mr. J. Randall Robinson, Executive
Deputy to the Commanding
General, U.S. Army Installations
Management Command
79. Ms. Dawn Rosarius, Principal
Assistant for Acquisition, U.S.
Army Medical Research and
Development Command, U.S. Army
Futures Command
80. Dr. Robert Sadowski, Senior
Research Scientist (Robotics), U.S.
Army Combat Capabilities
Development Command, U.S. Army
Futures Command
81. HON Agnes G Schaefer, Assistant
Secretary of the Army (Manpower
and Reserve Affairs), Office of the
Assistant Secretary of the Army
(Manpower and Reserve Affairs)
VerDate Sep<11>2014
17:43 Nov 24, 2023
Jkt 262001
82. HON Caral E Spangler, Assistant
Secretary of the Army (Financial
Management and Comptroller),
Office of the Assistant Secretary of
the Army (Financial Management
and Comptroller)
83. LTG Scott A Spellmon, Chief of
Engineers, U.S. Army Corps of
Engineers
84. LTG Douglas Stitt, Deputy Chief of
Staff, G–1, Office of the Deputy
Chief of Staff, G–1
85. Mr. Robin Swan, Director, Office of
Enterprise Management
86. Mr. Douglas Tamilio, Director, CCDC
Soldier Center, U.S. Army Combat
Capabilities Development
Command, U.S. Army Futures
Command
87. LTG Kevin Vereen, Deputy Chief of
Staff, G–9, Office of the Deputy
Chief of Staff, G–9
88. Ms. Terry Watson, Director,
Technology and Business
Architecture Integration, Office of
the Deputy Chief of Staff, G–1
89. Mr. Roy Wallace, Assistant Deputy
Chief of Staff, G–1, Office of the
Deputy Chief of Staff, G–1
90. Mr. Joseph Welch, Director, CCDC
C5ISR Center, U.S. Army Combat
Capabilities Development
Command, U.S. Army Futures
Command
91. Ms. Marion Whicker, Executive
Deputy to the Commanding
General, U.S. Army Materiel
Command
92. Ms. Kathryn Yurkanin, Principal
Deputy Chief of Legislative Liaison,
Office of the Chief, Legislative
Liaison
James W. Satterwhite, Jr.,
Army Federal Register Liaison Officer.
[FR Doc. 2023–26047 Filed 11–24–23; 8:45 am]
BILLING CODE 3711–02–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:
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), Assistance Listing
Number 84.268, with first disbursement
PO 00000
Frm 00038
Fmt 4703
Sfmt 4703
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, 2023, through June 30, 2024.
FOR FURTHER INFORMATION CONTACT:
Travis Sturlaugson, U.S. Department of
Education, 830 First Street NE,
Washington, DC 20202. Telephone:
202–377–4174 or by email:
travis.sturlaugson@ed.gov.
If you are deaf, hard of hearing, or
have a speech disability and wish to
access telecommunications relay
services, please dial 7–1–1.
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, 2023, through June 30, 2024. 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.
E:\FR\FM\27NON1.SGM
27NON1
82859
Federal Register / Vol. 88, No. 226 / Monday, November 27, 2023 / Notices
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 30,
2023, is 5.462 percent, rounded to 5.46
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
the Federal Reserve System, for the last
calendar week ending on or before June
26, 2023, is 5.26 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, 2023,
through June 30, 2024.
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.
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.
First disbursed on/
after 07/01/98
and before 07/
01/06.
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 Consolidation, Unsubsidized Consolidation.
PLUS ......................
khammond on DSKJM1Z7X2PROD with NOTICES
PLUS Consolidation
Subsidized, Unsubsidized, Subsidized Consolidation, Unsubsidized Consolidation.
VerDate Sep<11>2014
17:43 Nov 24, 2023
91-day T-bill
rate 05/30/23
(%)
Jkt 262001
5.46
Add-on (%)
1.70 (in-school,
grace,
deferment).
5.46
5.46
PO 00000
Maximum rate
(%)
2.30 (any other status).
3.10
8.25
7.16 (in-school,
grace,
deferment).
9.00
2.50 (in-school,
grace,
deferment).
3.10 (any other status).
Frm 00039
Sfmt 4703
Fmt 4703
Interest rate 07/01/23 through 06/30/24
(%)
8.25
E:\FR\FM\27NON1.SGM
7.76 (any other status).
8.56.
7.96 (in-school,
grace,
deferment).
27NON1
8.25 (any other status).
82860
Federal Register / Vol. 88, No. 226 / Monday, November 27, 2023 / Notices
CHART 1—DIRECT SUBSIDIZED LOANS, DIRECT UNSUBSIDIZED LOANS, DIRECT SUBSIDIZED CONSOLIDATION LOANS, DIRECT UNSUBSIDIZED CONSOLIDATION LOANS, DIRECT PLUS LOANS, AND DIRECT PLUS CONSOLIDATION LOANS—Continued
[Interest rates based on 91-day treasury bill]
Loan type
Subsidized, Unsubsidized, Subsidized Consolidation, Unsubsidized Consolidation.
Subsidized Consolidation, Unsubsidized Consolidation, PLUS
Consolidation.
First disbursed before 07/01/95.
5.46
3.10
8.25
8.25.
Application received on/after
10/01/98 and before 02/01/99.
5.46
2.30
8.25
7.76
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
khammond on DSKJM1Z7X2PROD with NOTICES
PLUS, PLUS Consolidation ........
First disbursed before 07/01/98
Accessible Format: On request to the
program contact person listed under FOR
FURTHER INFORMATION CONTACT,
individuals with disabilities can obtain
this document in an accessible format.
The Department will provide the
requestor with an accessible format that
may include Rich Text Format (RTF) or
text format (txt), a thumb drive, an MP3
file, braille, large print, audiotape, or
compact disc, or other accessible format.
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.
VerDate Sep<11>2014
17:43 Nov 24, 2023
Weekly average of
1-year constant
maturity treasury
yield for last
calendar week
ending on or
before 06/26/23
(%)
Jkt 262001
5.26
Program Authority: 20 U.S.C. 1087 et
seq.
Richard Cordray,
Chief Operating Officer Federal Student Aid.
[FR Doc. 2023–26053 Filed 11–24–23; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF EDUCATION
Applications for New Awards;
Education Research and Development
Center Program
ACTION:
Frm 00040
Fmt 4703
Maximum rate
(%)
Interest rate
07/01/23
through 06/30/
24
(%)
9.00
8.36
3.10
Instructions for Applicants to
Department of Education Discretionary
Grant Programs, published in the
Federal Register on December 7, 2022
(87 FR 75045) and available at
www.federalregister.gov/documents/
2022/12/07/2022-26554/commoninstructions-for-applicants-todepartment-of-education-discretionarygrant-programs. Please note that these
Common Instructions supersede the
version published on December 27,
2021.
The
contact person associated with a
particular research competition is listed
in the chart at the end of this notice, as
well as in the relevant RFA and
application package.
If you are deaf, hard of hearing, or
have a speech disability and wish to
access telecommunications relay
services, please dial 7–1–1.
SUPPLEMENTARY INFORMATION:
FOR FURTHER INFORMATION CONTACT:
Notice.
SUMMARY: The Department of Education
(Department) is issuing a notice inviting
applications for new awards for fiscal
year (FY) 2024 for the Education
Research and Development Center
Program, Assistance Listing Number
(ALN) 84.305C. This notice relates to
the approved information collection
under OMB control number 4040–0001.
DATES: The dates when applications are
available and the deadlines for
transmittal of applications invited under
this notice are indicated in the chart at
the end of this notice and in the Request
for Applications (RFA) that is posted at
the following website: https://
ies.ed.gov/funding.
ADDRESSES: For the addresses for
obtaining and submitting an
application, please refer to our Common
PO 00000
Add-on
(%)
Sfmt 4703
Full Text of Announcement
I. Funding Opportunity Description
Purpose of Program: In awarding the
grants, the Institute of Education
Sciences (IES) intends to provide
national leadership in expanding
knowledge and understanding of (1)
education outcomes for all learners from
early childhood education through
postsecondary and adult education, and
E:\FR\FM\27NON1.SGM
27NON1
]]>Agencies
[Federal Register Volume 88, Number 226 (Monday, November 27, 2023)]
[Notices]
[Pages 82858-82860]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-26053]
=======================================================================
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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), Assistance Listing Number 84.268, 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, 2023, through June 30, 2024.
FOR FURTHER INFORMATION CONTACT: Travis Sturlaugson, U.S. Department of
Education, 830 First Street NE, Washington, DC 20202. Telephone: 202-
377-4174 or by email: [email protected].
If you are deaf, hard of hearing, or have a speech disability and
wish to access telecommunications relay services, please dial 7-1-1.
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, 2023, through June
30, 2024. 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.
[[Page 82859]]
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
30, 2023, is 5.462 percent, rounded to 5.46 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 the Federal Reserve
System, for the last calendar week ending on or before June 26, 2023,
is 5.26 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, 2023,
through June 30, 2024.
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 T-bill Add-on (%) Maximum rate Interest rate 07/01/23 through 06/
rate 05/30/23 (%) 30/24 (%)
(%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized, Unsubsidized...... First disbursed 5.46 1.70 (in-school, 2.30 (any other 8.25 7.16 (in-school, 7.76 (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 5.46 3.10 9.00 8.56.
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 5.46 2.50 (in-school, 3.10 (any other 8.25 7.96 (in-school, 8.25 (any other
Subsidized Consolidation, on/after 07/01/ grace, status). grace, status).
Unsubsidized Consolidation. 95 and before deferment). deferment).
07/01/98.
[[Page 82860]]
Subsidized, Unsubsidized, First disbursed 5.46 3.10 8.25 8.25.
Subsidized Consolidation, before 07/01/95.
Unsubsidized Consolidation.
Subsidized Consolidation, Application 5.46 2.30 8.25 7.76
Unsubsidized Consolidation, received on/
PLUS Consolidation. after 10/01/98
and before 02/
01/99.
--------------------------------------------------------------------------------------------------------------------------------------------------------
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 treasury Interest rate
Loan type Cohort yield for last Add-on (%) Maximum rate 07/01/23
calendar week ending (%) through 06/30/
on or before 06/26/ 24 (%)
23 (%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
PLUS, PLUS Consolidation....................... First disbursed before 07/01/98.. 5.26 3.10 9.00 8.36
--------------------------------------------------------------------------------------------------------------------------------------------------------
Accessible Format: On request to the program contact person listed
under FOR FURTHER INFORMATION CONTACT, individuals with disabilities
can obtain this document in an accessible format. The Department will
provide the requestor with an accessible format that may include Rich
Text Format (RTF) or text format (txt), a thumb drive, an MP3 file,
braille, large print, audiotape, or compact disc, or other accessible
format.
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.
Richard Cordray,
Chief Operating Officer Federal Student Aid.
[FR Doc. 2023-26053 Filed 11-24-23; 8:45 am]
BILLING CODE 4000-01-P
