Special Allowance Rates

The U.S. Department of Education (ED) releases special allowance rates on a quarterly basis.  These rates are computed pursuant to section 438(b)(2) of the Higher Education Act of 1965, as amended. The average bond equivalent rates of the ninety-one day Treasury Bills auctioned during the quarter ending June 30, 2000 is 5.94 percent.  In addition, the average bond equivalent rates of the quotes of the 3-month commercial paper rates in effect for each day in the quarter ending June 30, 2000 is 6.66 percent.

The complete list of special allowance rates for the quarter ending June 30, 2000 can be found on ED's web site at  http://ifap.ed.gov/csb_html/ffelrate.htm.  If you are unable to access this web site and would like a hard copy, or if you have any questions related to this Bulletin, please contact the UHEAA Policy and Training Department at (801) 321-7166.  If you have any further questions or need additional information on special allowance rates or commercial paper rates, please contact Brad Ewell at (801) 321-7295 or by email at bewell@utahsbr.edu.