Quarter: December 31, 2005

Posted on 01-05-2006

SUBJECT: Federal Family Education Loan Program Special Allowance Rates for the Quarter Ending December 31, 2005

The Treasury Department has published the average of the bond equivalent rates of the ninety-one day Treasury bills auctioned during the quarter ending December 31, 2005, as 3.93 percent. Further, 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 December 31, 2005, is 4.32 percent.

Attachment A contains the bond equivalent rates of the 91-day Treasury Bills auctioned during the quarter. Attachments B, C & D contain the quarterly special allowance rates computed pursuant to section 438 of the Higher Education Act of 1965, as amended (the Act).

Accounting Division
Office of the Chief Financial Officer

Attachments/Enclosures:

FFEL Program Special Allowance Rates for the Quarter Ending December 31, 2005 in Microsoft Word Format, 522KB, 14 pages

FFEL Program Special Allowance Rates for the Quarter Ending December 31, 2005 in PDF Format, 65KB, 14 pages