Special Allowance Rates

    The U.S. Department of Education (ED) releases special allowance rates on a quarterly basis.  These rates are computed pursuant to     section 438 of the Higher Education Act of 1965, as amended.  The average bond equivalent rate of the ninety-one day Treasury Bills auctioned during the quarter ending December 31, 2002 is 1.36 percent.  In addition, the average bond
equivalent rate of the quotes of the 3-month commercial paper (financial) rates in effect for each day in the quarter ending December 31, 2002 is 1.50 percent.

    The complete list of special allowance rates for the quarter ending December 31, 2002 is attached.  A copy of the special allowance rates can also be found on ED's web site at http://www.ifap.ed.gov/ffelspecrates/attachments/SAPmemo12003.pdf.  If you would like a hard copy, please contact Stacey Fabros at 801.321.7211.  Any questions related to this Bulletin should be directed to the UHEAA Policy and Training Department at 801.321.7166.  If you have any further questions or need additional information on special allowance rates, please contact Brad Ewell at 801.321.7295 or by e-mail at bwell@utahsbr.edu.
 

Attachment: Special Allowance Rates