Annual Notice of Interest Rates for Variable-Rate Federal Student Loans Made Under the William D. Ford Federal Direct Loan Program, 68880-68882 [2024-19310]
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68880
Federal Register / Vol. 89, No. 167 / Wednesday, August 28, 2024 / Notices
Fixed-Rate Direct Consolidation Loans
Section 455(b) of the HEA specifies
that all Direct Consolidation Loans for
which the application was received on
or after February 1, 1999, have a fixed
interest rate that is equal to the
weighted average of the interest rates on
the loans consolidated, rounded to the
nearest higher one-eighth of one
percent. For Direct Consolidation Loans
for which the application was received
on or after February 1, 1999, and before
July 1, 2013, the interest rate may not
exceed 8.25 percent. However, under
section 455(b) of the HEA, the 8.25
percent interest rate cap does not apply
to Direct Consolidation Loans made
based on applications received on or
after July 1, 2013. Chart 4 shows the
interest rates for fixed-rate Direct
Consolidation Loans.
CHART 4—DIRECT CONSOLIDATION LOANS MADE BASED ON APPLICATIONS RECEIVED ON OR AFTER 02/01/1999
Interest rate
(%)
On/after 07/01/2013 ...............................................
Weighted average of the interest rates on the loans consolidated, rounded
to the nearest higher one-eighth of one percent.
(same as above) .............................................................................................
On/after 02/01/1999 and before 07/01/2013 ..........
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.
Denise Carter,
Acting Chief Operating Officer, Federal
Student Aid.
khammond on DSKJM1Z7X2PROD with NOTICES
Maximum
interest rate
(%)
Application received
[FR Doc. 2024–19309 Filed 8–27–24; 8:45 am]
BILLING CODE 4000–01–P
VerDate Sep<11>2014
18:13 Aug 27, 2024
Jkt 262001
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:
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, 2024, through June 30, 2025.
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,
SUMMARY:
PO 00000
Frm 00032
Fmt 4703
Sfmt 4703
None
8.25
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, 2024, through June 30, 2025. 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—
E:\FR\FM\28AUN1.SGM
28AUN1
68881
Federal Register / Vol. 89, No. 167 / Wednesday, August 28, 2024 / Notices
(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 28,
2024, is 5.40 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, 2024, is 5.10 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, 2024,
through June 30, 2025.
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
91-day T-bill
rate 05/28/24
(%)
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.
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.
5.40
Subsidized, Unsubsidized,
Subsidized
Consolidation,
Unsubsidized
Consolidation.
First disbursed on/after 07/01/95
and before 07/01/98.
5.40
Subsidized, Unsubsidized,
Subsidized
Consolidation,
Unsubsidized
Consolidation.
First disbursed before 07/01/95 ...
5.40
3.10
8.25
8.25
Subsidized Consolidation, Unsubsidized
Consolidation,
PLUS Consolidation.
Application received on/after 10/
01/98 and before 02/01/99.
5.40
2.30
8.25
7.70
Jkt 262001
PO 00000
Frm 00033
2.30 (any other
status).
3.10
2.50 (in-school,
grace,
deferment).
Fmt 4703
7.10 (in-school,
grace,
deferment).
9.00
3.10 (any other
status).
Sfmt 4703
8.25
Interest rate 07/01/24 through
06/30/25 (%)
Subsidized Consolidation, Unsubsidized
Consolidation.
18:13 Aug 27, 2024
1.70 (in-school,
grace,
deferment).
Maximum rate
(%)
First disbursed on/after 07/01/98
and before 07/01/06.
VerDate Sep<11>2014
5.40
Add-on (%)
Subsidized, Unsubsidized.
PLUS Consolidation.
khammond on DSKJM1Z7X2PROD with NOTICES
Cohort
E:\FR\FM\28AUN1.SGM
8.25
28AUN1
7.70 (any other
status)
8.50
7.90 (in-school,
grace,
deferment).
8.25 (any other
status)
68882
Federal Register / Vol. 89, No. 167 / Wednesday, August 28, 2024 / 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
PLUS; PLUS Consolidation .....
Cohort
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.
Program Authority: 20 U.S.C. 1087 et
seq.
Denise Carter,
Acting Chief Operating Officer, Federal
Student Aid.
[FR Doc. 2024–19310 Filed 8–27–24; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF EDUCATION
khammond on DSKJM1Z7X2PROD with NOTICES
[Docket No.: ED–2024–SCC–0080]
Agency Information Collection
Activities; Submission to the Office of
Management and Budget for Review
and Approval; Comment Request;
Evaluation of the REL Southeast Early
Literacy Toolkit
Institute of Education Sciences
(IES), Department of Education (ED).
AGENCY:
VerDate Sep<11>2014
18:13 Aug 27, 2024
Weekly average of
1-year constant maturity treasury yield for
last calendar week
ending on or before
06/26/24
(%)
Jkt 262001
ACTION:
5.10
Notice.
In accordance with the
Paperwork Reduction Act (PRA) of
1995, the Department is proposing a
new information collection request
(ICR).
DATES: Interested persons are invited to
submit comments on or before
September 27, 2024.
ADDRESSES: Written comments and
recommendations for proposed
information collection requests should
be submitted within 30 days of
publication of this notice. Click on this
link www.reginfo.gov/public/do/
PRAMain to access the site. Find this
information collection request (ICR) by
selecting ‘‘Department of Education’’
under ‘‘Currently Under Review,’’ then
check the ‘‘Only Show ICR for Public
Comment’’ checkbox. Reginfo.gov
provides two links to view documents
related to this information collection
request. Information collection forms
and instructions may be found by
clicking on the ‘‘View Information
Collection (IC) List’’ link. Supporting
statements and other supporting
documentation may be found by
clicking on the ‘‘View Supporting
Statement and Other Documents’’ link.
FOR FURTHER INFORMATION CONTACT: For
specific questions related to collection
activities, please contact Janelle Sands,
202–245–6786.
SUPPLEMENTARY INFORMATION: The
Department is especially interested in
public comment addressing the
following issues: (1) is this collection
necessary to the proper functions of the
Department; (2) will this information be
processed and used in a timely manner;
(3) is the estimate of burden accurate;
(4) how might the Department enhance
the quality, utility, and clarity of the
information to be collected; and (5) how
might the Department minimize the
burden of this collection on the
respondents, including through the use
of information technology. Please note
that written comments received in
response to this notice will be
considered public records.
SUMMARY:
PO 00000
Frm 00034
Fmt 4703
Sfmt 4703
Add-on
(%)
Maximum rate
(%)
3.10
9.00
Interest rate
07/01/24 through
06/30/25
(%)
8.20
Title of Collection: Evaluation of the
REL Southeast Early Literacy Toolkit.
OMB Control Number: 1850–NEW.
Type of Review: A new ICR.
Respondents/Affected Public:
Individuals and Households.
Total Estimated Number of Annual
Responses: 1,330.
Total Estimated Number of Annual
Burden Hours: 322.
Abstract: The U.S. Department of
Education is supporting the
development and evaluation of a toolkit
that will support the implementation of
effectively differentiated reading
instruction for students in grades K–3.
This toolkit is based on evidence-based
recommendation in the Assisting
Students Struggling with Reading:
Response to Intervention (RtI) and
Multi-Tier Intervention in the Primary
Grades practice guide. The evaluation
will rigorously test the efficacy of the
toolkit in improving explicit instruction,
classroom management, and use of
student data as well as student learning
outcomes in grades K–3 English
language arts. The evaluation will use a
blocked randomized control trial design
in which districts are blocks and
schools are randomly assigned to
receive the toolkit or not. The
evaluation will be conducted in 20
Florida schools during the 2025/26
school year.
The evaluation will focus on
measuring the toolkit’s impact on three
teacher-level outcomes: explicit
instruction, classroom management, and
data use to inform instruction during
small group time. The evaluation also
will examine the impact of the toolkit
on students’ foundational reading skills.
In addition to collecting data to
measure teacher and student outcomes,
the evaluation team will collect data to
document the implementation of the
toolkit in treatment schools and the
service contrast between treatment and
control schools, and to describe the
characteristics of participating schools,
teachers, and students at baseline.
The evaluation will produce a
publicly available report that
summarizes evaluation findings. The
E:\FR\FM\28AUN1.SGM
28AUN1
]]>Agencies
[Federal Register Volume 89, Number 167 (Wednesday, August 28, 2024)]
[Notices]
[Pages 68880-68882]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-19310]
-----------------------------------------------------------------------
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, 2024, through June 30, 2025.
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, 2024, through June
30, 2025. 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--
[[Page 68881]]
(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
28, 2024, is 5.40 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, 2024,
is 5.10 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, 2024,
through June 30, 2025.
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 07/01/24 through
rate 05/28/24 (%) 06/30/25 (%)
(%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized, Unsubsidized..... First disbursed on/ 5.40 1.70 (in- 2.30 (any other 8.25 7.10 (in- 7.70 (any other
after 07/01/98 and school, grace, status). school, grace, status)
before 07/01/06. deferment). deferment).
Subsidized Consolidation, First disbursed on/
Unsubsidized Consolidation. 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/ 5.40 3.10 9.00 8.50
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 on/ 5.40 2.50 (in- 3.10 (any other 8.25 7.90 (in- 8.25 (any other
Subsidized Consolidation, after 07/01/95 and school, grace, status). school, grace, status)
Unsubsidized Consolidation. before 07/01/98. deferment). deferment).
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized, Unsubsidized, First disbursed 5.40 3.10 8.25 8.25
Subsidized Consolidation, before 07/01/95.
Unsubsidized Consolidation.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Subsidized Consolidation, Application received 5.40 2.30 8.25 7.70
Unsubsidized Consolidation, on/after 10/01/98
PLUS Consolidation. and before 02/01/99.
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 68882]]
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 07/
Loan type Cohort yield for last Add-on (%) Maximum rate 01/24 through 06/
calendar week ending (%) 30/25 (%)
on or before 06/26/
24 (%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
PLUS; PLUS Consolidation..................... First disbursed before 07/01/98. 5.10 3.10 9.00 8.20
--------------------------------------------------------------------------------------------------------------------------------------------------------
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.
Denise Carter,
Acting Chief Operating Officer, Federal Student Aid.
[FR Doc. 2024-19310 Filed 8-27-24; 8:45 am]
BILLING CODE 4000-01-P
