Special Allowance Rate

    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, 2004 is 2.06 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, 2004 is 2.23 percent.

    A copy of the special allowance rates can be found on ED’s web site at http://www.ifap.ed.gov/ffelspecrates/SAPmemo12005.html.  If you would like a hard copy, please contact Becky Hudson at 801.321.7211.  If you have any further questions or need additional information on special allowance rates, please contact Michelle Riddle at 801.321.7145 or by e-mail at mriddle@utahsbr.edu.
 
     Any questions related to this Bulletin should be directed to the UHEAA Policy and Training Department at 801.321.7166.