[Lender] Special Allowance Rates

[GSL Communications]

The Department of Education (ED) has released the special allowance
rates for the quarter ending June 30, 2007. The average of the bond
equivalent rates of the 91-day Treasury bills auctioned during the
quarter ending June 30, 2007, is 4.90 percent. 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
June 30, 2007, is 5.38 percent. 
Below is a link to view ED's announcement regarding the new rates. If
you have any questions, please contact Policy, Compliance, and Training
at 405.234.4432 or 800.247.0420. Thank you.
http://www.ifap.ed.gov/ffelspecrates/SAPmemo070302007.html

Communications
OGSLP
405.234.4440 or 800.247.0420
gslcommunications at ogslp.org 

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