[Lender] Special Allowance Rates

[GSL Communications]

The Department of Education (ED) has released the special allowance
rates for the quarter ending September 30, 2008. The average of the bond
equivalent rates of the 91-day Treasury bills auctioned during the
quarter ending September 30, 2008 is 1.63 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
September 30, 2008 is 2.87 percent. 

Click here <http://www.ifap.ed.gov/ffelspecrates/100208SAPmemo.html>  to
view ED's announcement regarding the new rates.  If you have questions,
please contact OGSLP's Policy, Compliance, and Training department at
405.234.4432, 800.247.0420 (toll free) or pct at ogslp.org
<mailto:pct at ogslp.org> . We're here to help!   

 

________________________________

Angela O. Caddell 
Director for Communications, Financial Education, and Outreach  

OGSLP Communications
405.234.4452 
800.522.8506 (TDD/TRS) 
800.247.0420 (toll-free)
gslcommunications at ogslp.org    
www.ogslp.org <http://www.ogslp.org>    

 
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