[Lender] ED Releases Additional Interest Rates

[Policy Compliance Training]

OGSLP's May 29, 2009 lender listserv post
<http://lists.onenet.net/pipermail/lender/2009-May/000278.html>
announced that the Department of Education (ED) released 2009-10 FFELP
interest rates for fixed rate loans and variable rate loans disbursed
between July 1, 1998 and June 30, 2006. ED has also released interest
rate information for a few categories of older PLUS and SLS loans with
interest rates based on the one-year constant maturity Treasury yield.
Interest rates for these older PLUS and SLS loans, which are effective
July 1, 2009 through June 30, 2010, will be:
*	3.58 percent for loans first disbursed on or after October 1,
1992, but before July 1, 1994. 
*	3.28 percent for loans first disbursed on or after July 1, 1998,
but before July 1, 2006 (PLUS only).
*	3.58 percent for loans first disbursed on or after July 1, 1994,
but before July 1, 1998 (PLUS only). 
Additionally, the 91-day T-bills auctioned for the quarter ending June
30, 2009 established the HEAL portion of the Federal Consolidation loan
interest rate at 3.18 percent.
For more information, refer to ED's June 30, 2009 memo
<http://www.fp.ed.gov/fp/attachments/interest/Rates09.doc>  or visit
OGSLP's Interest Rate Web page
<http://www.ogslp.org/SLS/interest_rates.shtml> . If you have questions
about the new rates, contact our Policy, Compliance, and Training
department at 405.234.4432 or pct at ogslp.org
<mailto:pct at ogslp.org?subject=Interest Rates> . We're here to help!

________________________________________________________________________
_________________
OGSLP Policy, Compliance, and Training
405.234.4432 
800.522.8506 (TDD/TRS) 
800.247.0420 (toll-free)
pct at ogslp.org 
www.ogslp.org 

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