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<DIV dir=ltr align=left><SPAN lang=en-us><FONT size=4>The Department of
Education (ED) has released the special allowance rates for the quarter
ending<SPAN class=165342721-16012009> December 31</SPAN>, 2008. The average
of the bond equivalent rates of the 91-day Treasury bills auctioned during the
quarter ending<SPAN class=262480516-02102008><SPAN
class=165342721-16012009> <STRONG>December
31</STRONG></SPAN></SPAN><STRONG>, 2008</STRONG>
is<STRONG> </STRONG><SPAN><STRONG>0</STRONG><SPAN
class=165342721-16012009><STRONG>.35</STRONG></SPAN></SPAN><STRONG><SPAN
class=262480516-02102008> </SPAN></STRONG>percent. <SPAN
class=165342721-16012009><FONT face=Arial
size=3> </FONT></SPAN></FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN lang=en-us><SPAN
class=165342721-16012009></SPAN></SPAN><SPAN lang=en-us><SPAN
class=165342721-16012009><FONT face=Arial></FONT></SPAN></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN lang=en-us><SPAN class=165342721-16012009><FONT
size=4>ED's announcement describes a revised method for calculating the rate of
3-month commercial paper. The revised method addresses the collapse of the
commercial paper market and the Federal Reserve’s launch of the Commercial Paper
Funding Facility. Under this revised approach, the average of the bond
equivalent rates of the quotes of the 3-month commercial paper (financial) rates
in effect for each of the days in the quarter ending<SPAN
class=262480516-02102008> <SPAN class=165342721-16012009><STRONG>December
31</STRONG></SPAN></SPAN><STRONG>, 2008</STRONG> is <STRONG>2.58</STRONG>
percent.<o:p></o:p></FONT> </SPAN></DIV>
<DIV>
<P><SPAN class=618012213-07072008><FONT color=#0000ff size=4><A
href="http://www.ifap.ed.gov/ffelspecrates/011609SAPMemo.html ">Click
here</A></FONT><FONT size=4> to view </FONT></SPAN><FONT size=4>ED’s
announcement regarding the new rates. <SPAN
class=618012213-07072008> </SPAN>If you have questions, please contact
OGSLP's Policy, Compliance and Training department at 405.234.4432, 800.247.0420
(toll free) or </FONT><A href="mailto:pct@ogslp.org"><U><FONT
size=4>pct@ogslp.org</FONT></U></A><FONT size=4>.<SPAN
class=618012213-07072008> </SPAN>We're here to help! <SPAN
class=618012213-07072008><FONT
face="Arial Narrow"> </FONT></SPAN></FONT></SPAN><SPAN lang=en-us><SPAN
class=618012213-07072008><FONT face="Arial Narrow"><FONT size=4> <SPAN
class=165342721-16012009><FONT
face=Arial> </FONT></SPAN></FONT></FONT></SPAN></SPAN></P>
<P><SPAN lang=en-us><SPAN class=618012213-07072008><FONT face="Arial Narrow"
size=4><SPAN class=165342721-16012009> </SPAN></FONT></SPAN></SPAN><SPAN
lang=en-us></P>
<P></P><FONT face="Arial Narrow" size=4></FONT><FONT face=Arial
size=4></FONT><FONT face=Arial size=4></FONT>
<HR tabIndex=-1>
<P></P>
<P><SPAN lang=en-us><B><FONT face=Arial>Angela O. Caddell</FONT></B><FONT
face="Times New Roman"> </FONT></SPAN><BR><SPAN lang=en-us><FONT
face=Arial>Director for Communications, Financial Education, and
Outreach</FONT><FONT face="Times New Roman"> </FONT><FONT
face="Arial Narrow" size=4><SPAN
class=618012213-07072008> </SPAN></FONT></SPAN></P></DIV>
<DIV>
<DIV align=left><SPAN lang=en-us><FONT size=+0><SPAN
class=618012213-07072008><FONT face=Arial>
<DIV align=left>OGSLP Communications<BR>405.234.44<SPAN
class=262480516-02102008>52</SPAN><SPAN class=618012213-07072008><FONT
face="Arial Narrow" size=4> </FONT></SPAN></DIV>
<DIV align=left><SPAN class=618012213-07072008>800.522.8506
(TDD/TRS) </SPAN></DIV>
<DIV align=left>800.247.0420 (toll-free)<BR><FONT color=#000000><A
href="mailto:gslcommunications@ogslp.org">gslcommunications@ogslp.org</A></FONT></FONT><FONT
face="Arial Narrow"><FONT size=4><SPAN class=618012213-07072008>
</SPAN><SPAN
class=618012213-07072008> </SPAN></FONT></FONT></SPAN></FONT></SPAN></DIV>
<DIV align=left><SPAN lang=en-us><FONT title=blocked::http://www.ogslp.org/
face=Arial><A href="http://www.ogslp.org"><FONT color=#000080><SPAN
class=618012213-07072008><FONT face="Arial Narrow" size=4><FONT face=Arial
size=3>www.</FONT></FONT></SPAN>ogslp.org</FONT></A><FONT
face="Arial Narrow"><FONT color=#000080><SPAN
class=618012213-07072008> </SPAN><SPAN
class=618012213-07072008> </SPAN></FONT></FONT></FONT></SPAN><BR></DIV><SPAN
lang=en-us><FONT face=Arial></FONT></SPAN>
<DIV align=left><SPAN lang=en-us><FONT face=Arial
size=2></FONT></SPAN> </DIV>
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