FFELP Special Allowance Rates
In order to calculate special allowance, the Treasury Department publishes the following for each ending quarter:
the average of the bond equivalent rates of the ninety-one day Treasury bills
the average of the bond equivalent rates of the notes of the 3-month commercial paper (financial) rates in effect for each of the days in each quarter
| Quarter Ending |
T-Bill
|
Commercial Paper
|
|---|---|---|
| March 31, 2009 |
0.23
|
0.74
|
| December 31, 2008 |
0.35
|
2.58*
|
| September 30, 2008 |
1.63
|
2.87
|
| June 30, 2008 |
1.71
|
2.75
|
| March 31, 2008 |
2.10
|
3.24
|
| December 31, 2007 |
3.59
|
4.92
|
| September 30, 2007 |
4.51
|
5.39
|
| June 30, 2007 |
4.90
|
5.38
|
| March 31, 2007 |
5.12
|
5.37
|
| December 31, 2006 |
5.03
|
5.38
|
| September 30, 2006 |
5.05
|
5.45
|
| June 30, 2006 |
4.83
|
5.22
|
| March 31, 2006 |
4.49
|
4.75
|
| December 31, 2005 |
3.93
|
4.32
|
| September 30, 2005 |
3.46
|
3.74
|
| June 30, 2005 |
2.94
|
3.23
|
| March 31, 2005 |
2.60
|
2.78
|
| December 31, 2004 |
2.06
|
2.23
|
| September 30, 2004 |
1.53
|
1.69
|
| June 30, 2004 |
1.12
|
1.23
|
| March 31, 2004 |
.93
|
1.05
|
| December 31, 2003 |
.93
|
1.09
|
| September 30, 2003 |
.95
|
1.07
|
| June 30, 2003 |
1.06
|
1.17
|
| March 31, 2003 |
1.17
|
1.27
|
| December 31, 2002 |
1.36
|
1.50
|
| September 30, 2002 |
1.67
|
1.77
|
| June 30, 2002 |
1.75
|
1.84
|
| March 31, 2002 |
1.76
|
1.83
|
| December 30, 2001 |
1.97
|
2.07
|
| September 30, 2001 |
3.35
|
3.41
|
| June 30, 2001 |
3.77
|
4.14
|
| March 31, 2001 |
5.32
|
5.32
|
| December 31, 2000 |
6.23
|
6.67
|
| September 30, 2000 |
6.19
|
6.72
|
| June 30, 2000 |
5.94
|
6.66
|
| March 31, 2000 |
5.72
|
6.10
|
| December 31, 1999 |
5.22
|
n/a
|
| September 30, 1999 |
4.82
|
n/a
|
| June 30, 1999 |
4.60
|
n/a
|
| March 31, 1999 |
4.54
|
n/a
|
| December 31, 1998 |
4.40
|
n/a
|
| September 30, 1998 |
4.97
|
n/a
|
| June 30, 1998 |
5.13
|
n/a
|
| March 31, 1998 |
5.19
|
n/a
|
| December 31, 1997 |
5.24
|
n/a
|
| September 30, 1997 |
5.18
|
n/a
|
| June 30, 1997 |
5.21
|
n/a
|
| March 31, 1997 |
5.21
|
n/a
|
| December 31, 1996 |
5.11
|
n/a
|
| September 30, 1996 |
5.26
|
n/a
|
| June 30, 1996 |
5.17
|
n/a
|
| March 31, 1996 |
5.08
|
n/a
|
| December 31, 1995 |
5.43
|
n/a
|
| September 30, 1995 |
5.54
|
n/a
|
| June 30, 1995 |
5.79
|
n/a
|
| March 31, 1995 |
5.95
|
n/a
|
| December 31, 1994 |
5.46
|
n/a
|
| September 30, 1994 |
4.63
|
n/a
|
| June 30, 1994 |
4.15
|
n/a
|
| March 31, 1994 |
3.34
|
n/a
|
| December 31, 1993 |
3.14
|
n/a
|
| September 30, 1993 |
3.08
|
n/a
|
| June 30, 1993 |
3.05
|
n/a
|
| March 31, 1993 |
3.05
|
n/a
|
| December 31, 1992 |
3.17
|
n/a
|
| September 30, 1992 |
3.14
|
n/a
|
| June 30, 1992 |
3.78
|
n/a
|