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<DIV>
<DIV>
<H2>Interest Rates for Stafford and PLUS Loans in the Direct Loan and Federal
Family Education Loan Programs Effective July 1, 2006</H2>
<P></P><FONT face=Arial>
<P><B>
<CENTER>Interest Rates for Loans First Disbursed on or After July 1,
2006</CENTER></B>
<P class=MsoHeader style="MARGIN: 0pt; tab-stops: 36.0pt"> </P>
<P></P>
<TABLE
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 5.4pt; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse; mso-table-layout-alt: fixed; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0pt 5.4pt 0pt 5.4pt"
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<TBODY>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 0.5pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 167.6pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid"
bgColor=transparent rowSpan=3>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Loan Type</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 0.5pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 173.8pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt"
bgColor=transparent rowSpan=3>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Status</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 0.5pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 144.6pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt"
bgColor=transparent colSpan=2>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Program</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 144.6pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
vAlign=top bgColor=transparent colSpan=2>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7/1/2006 to 6/30/2007</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Direct Loans</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>FFEL</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 167.6pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent rowSpan=2>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Subsidized Loans</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 173.8pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoHeader style="MARGIN: 0pt; tab-stops: 36.0pt">Repayment or
Forbearance</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.80</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.80</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 173.8pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt">In-school, Grace, or
Deferment</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.80</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.80</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 167.6pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent rowSpan=2>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Unsubsidized Loans</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 173.8pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt">Repayment or Forbearance</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.80</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.80</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 173.8pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoHeader style="MARGIN: 0pt; tab-stops: 36.0pt">In-school,
Grace, or Deferment</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.80</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.80</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 167.6pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-top-alt: solid windowtext .5pt"
vAlign=top bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>PLUS Loans</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 173.8pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>All</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7.90</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 72.3pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>8.50</P></TD></TR></TBODY></TABLE>
<P class=MsoHeader
style="MARGIN: 0pt; tab-stops: 0pt; mso-hyphenate: none"> </P>
<P class=MsoHeader
style="MARGIN: 0pt; tab-stops: 0pt; mso-hyphenate: none"> </P>
<P class=MsoHeader
style="MARGIN: 0pt; TEXT-ALIGN: center; tab-stops: 0pt; mso-hyphenate: none"
align=center><B>Interest Rates for Loans First Disbursed Between July 1, 1998
and June 30, 2006</B></P>
<P class=MsoHeader
style="MARGIN: 0pt; tab-stops: 0pt; mso-hyphenate: none"> </P>
<P class=MsoNormal style="MARGIN: 0pt; tab-stops: 0pt; mso-hyphenate: none">The
2006-2007 rates were calculated based upon statutory formulas and equal the bond
equivalent rate of the 91-day Treasury bills auctioned on May 30, 2006, plus
certain statutory percentage add-ons.<SPAN
style="mso-spacerun: yes"> </SPAN> The 91-day Treasury bills were auctioned
at 4.843 percent, rounded to 4.84 percent.</P>
<P class=MsoNormal
style="MARGIN: 0pt; tab-stops: 0pt; mso-hyphenate: none"> </P>
<P></P>
<TABLE
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 5.4pt; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse; mso-table-layout-alt: fixed; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0pt 5.4pt 0pt 5.4pt"
cellSpacing=0 cellPadding=0 border=1>
<TBODY>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 0.5pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 96pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid"
bgColor=transparent rowSpan=3>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Loan Type</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 0.5pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 108pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt"
bgColor=transparent rowSpan=3>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Status</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 0.5pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 264pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt"
bgColor=transparent colSpan=4>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Program</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 132pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
vAlign=top bgColor=transparent colSpan=2>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Direct Loans</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 132pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
vAlign=top bgColor=transparent colSpan=2>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>FFEL</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7/1/2005 to 6/30/2006</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7/1/2006 to 6/30/2007</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7/1/2005 to 6/30/2006</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7/1/2006 to 6/30/2007</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 96pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent rowSpan=2>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Subsidized Loans</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 108pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoHeader style="MARGIN: 0pt; tab-stops: 36.0pt">Repayment or
Forbearance</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>5.30</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7.14</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>5.30</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7.14</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 108pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt">In-school, Grace, or
Deferment</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>4.70</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.54</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>4.70</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.54</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 96pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent rowSpan=2>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>Unsubsidized Loans</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 108pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt">Repayment or Forbearance</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>5.30</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7.14</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>5.30</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7.14</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 108pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoHeader style="MARGIN: 0pt; tab-stops: 36.0pt">In-school,
Grace, or Deferment</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>4.70</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.54</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>4.70</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.54</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 96pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-top-alt: solid windowtext .5pt"
vAlign=top bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>PLUS Loans</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 108pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>All</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.10</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7.94</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>6.10</P></TD>
<TD
style="BORDER-RIGHT: windowtext 0.5pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: #d4d0c8; WIDTH: 66pt; PADDING-TOP: 0pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt"
bgColor=transparent>
<P class=MsoNormal style="MARGIN: 0pt; TEXT-ALIGN: center"
align=center>7.94</P></TD></TR></TBODY></TABLE>
<P>
<P class=MsoNormal style="MARGIN: 6pt 0pt 3pt">Notes:</P>
<UL style="MARGIN-TOP: 0pt" type=disc>
<LI>Interest rates on Stafford and PLUS loans disbursed before July 1, 1998,
are calculated using different statutory formulas and/or percentage add-ons.
<LI>Generally, interest rates on Consolidation Loans are fixed rates
calculated as the weighted average of the loans being consolidated rounded up
to the next higher 1/8 percent, not to exceed 8.25%. </LI></UL>
<P><B><FONT face=Helvetica,Arial size=2>
<P>Posted June 1, 2006 on www.NASFAA.org, the Web Site of the <BR>National
Association of Student Financial Aid Administrators (NASFAA). <BR>Please submit
Web Site questions or comments to Web@NASFAA.org<BR></B><!--- DO NOT TOUCH BELOW THIS LINE ---></P></FONT></FONT></DIV></DIV></FONT></BODY></HTML>