80 FR 42488 - Annual Notice of Interest Rates of Federal Student Loans Made Under the William D. Ford Federal Direct Loan Program on or After July 1, 2013
DEPARTMENT OF EDUCATION Federal Register Volume 80, Issue 137 (July 17, 2015)
Federal Register Volume 80, Issue 137 (July 17, 2015)
| Page Range | 42488-42489 | |
| FR Document | 2015-17653 |
[Federal Register Volume 80, Number 137 (Friday, July 17, 2015)] [Notices] [Pages 42488-42489] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-17653] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF EDUCATION Annual Notice of Interest Rates of Federal Student Loans Made Under the William D. Ford Federal Direct Loan Program on or After July 1, 2013 AGENCY: Federal Student Aid, Department of Education. ACTION: Notice. ----------------------------------------------------------------------- Catalog of Federal Domestic Assistance (CFDA) Number: 84.268. DATES: This notice is effective July 17, 2015. SUMMARY: The Chief Operating Officer for Federal Student Aid announces the interest rates for loans made under the William D. Ford Federal Direct Loan (Direct Loan) Program on or after July 1, 2015, but before July 1, 2016. FOR FURTHER INFORMATION CONTACT: Ian Foss, U.S. Department of Education, 830 First Street NE., Room 114I1, Washington, DC 20202. Telephone: (202) 377-3681 or by email: [email protected]. If you use a telecommunications device for the deaf (TDD) or a text telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1- 800-877-8339. Individuals with disabilities can obtain this document in an accessible format (e.g., braille, large print, audiotape, or compact disc) on request to the contact person listed under FOR FURTHER INFORMATION CONTACT. SUPPLEMENTARY INFORMATION: Section 455(b) of the Higher Education Act of 1965, as amended (HEA) (20 U.S.C. 1087e(b)), provides formulas for determining the interest rates charged to borrowers for loans made under the Direct Loan Program including: Federal Direct Subsidized Stafford Loans (Direct Subsidized Loans); Federal Direct Unsubsidized Stafford Loans (Direct Unsubsidized Loans); Federal Direct PLUS Loans (Direct PLUS Loans); and Federal Direct Consolidation Loans (Direct Consolidation Loans). Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans (collectively, Direct Loans) first disbursed on or after July 1, 2013, have a fixed interest rate that is calculated based on the high yield of the 10-year Treasury notes auctioned at the final auction held before June 1 of each year, plus a statutory add-on percentage (a ``margin''). Therefore, while the interest rate determination for new loans will be different from year to year, each of these loans will have a fixed interest rate for the life of the loan. In each case the calculated rate is capped by a maximum interest rate. The following chart contains specific information on the calculation of the interest rates for Direct Loans first disbursed on or after July 1, 2015, but before July 1, 2016. We publish a separate notice containing the interest rates for Direct Loans that were made in prior years. [[Page 42489]] Fixed-Rate Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans First Disbursed on or After 7/1/2015 but Before 7/1/2016 -------------------------------------------------------------------------------------------------------------------------------------------------------- Cohort Index rate ------------------------------------------------ Loan type Student grade level First First 10-Year Margin (%) Fixed rate (%) Max. rate (%) disbursed on/ disbursed Treasury note after before (%) -------------------------------------------------------------------------------------------------------------------------------------------------------- Subsidized........................ Undergraduates...... 7/1/2015 7/1/2016 2.237 2.05 4.29 8.25 Unsubsidized...................... Undergraduates...... 7/1/2015 7/1/2016 2.237 2.05 4.29 8.25 Unsubsidized...................... Graduate and 7/1/2015 7/1/2016 2.237 3.60 5.84 9.50 Professional Students. PLUS.............................. Parents of Dependent 7/1/2015 7/1/2016 2.237 4.60 6.84 10.50 Undergraduates. PLUS.............................. Graduate and 7/1/2015 7/1/2016 2.237 4.60 6.84 10.50 Professional Students. -------------------------------------------------------------------------------------------------------------------------------------------------------- If an application for a Direct Consolidation Loan is received by the Department on or after July 1, 2013, the interest rate on that loan is the weighted average of the consolidated loans, rounded up to the nearest higher \1/8\ of 1 percent. These Direct Consolidation Loans do not have an interest rate cap. Electronic Access to This Document: The official version of this document is the document published in the Federal Register. Free Internet access to the official edition of the Federal Register and the Code of Federal Regulations is available via the Federal Digital System at www.thefederalregister.org/fdsys. At this site you can view this document, as well as all other documents of this Department published in the Federal Register, in text or Adobe Portable Document Format (PDF). To use PDF you must have Adobe Acrobat Reader, which is available free at the site. You may also access documents of the Department published in the Federal Register by using the article search feature at www.federalregister.gov. Specifically, through the advanced search feature at this site, you can limit your search to documents published by the Department. Program Authority: 20 U.S.C. 1087, et seq. Dated: July 14, 2015. James W. Runcie, Chief Operating Officer, Federal Student Aid. [FR Doc. 2015-17653 Filed 7-16-15; 8:45 am] BILLING CODE 4000-01-P
![42488 Federal Register / Vol. 80, No. 137 / Friday, July 17, 2015 / Notices
natural resources and services of the procedures such as these will be used to William D. Ford Federal Direct Loan
site. As a result of this incident, injuries determine the extent of injury to natural (Direct Loan) Program on or after July 1,
to the site’s natural resources and their resources and their services, and Habitat 2015, but before July 1, 2016.
services were observed and Equivalency Analysis will be used to FOR FURTHER INFORMATION CONTACT: Ian
documented. Therefore, the Trustees determine the appropriate Foss, U.S. Department of Education, 830
have jurisdiction to pursue restoration compensation for those injuries. First Street NE., Room 114I1,
under the OPA. During the restoration planning
Washington, DC 20202. Telephone:
Determination to Conduct Restoration phase, the Trustees will evaluate
(202) 377–3681 or by email: ian.foss@
Planning. The NRDA regulations under potential projects, determine the scale of
ed.gov.
OPA, provide that the Trustees are to restoration actions needed to make the
prepare a Notice if they determine environment and the public whole, and If you use a telecommunications
certain conditions have been met, and if release a draft Damage Assessment and device for the deaf (TDD) or a text
they decide to quantify the injuries to Restoration Plan for public review and telephone (TTY), call the Federal Relay
natural resources and to develop a comment. Service (FRS), toll free, at 1–800–877–
restoration plan. Accordingly, the Administrative Record. The Trustees 8339.
Trustees have determined, pursuant to have opened an Administrative Record Individuals with disabilities can
15 CFR 990.42(a), that: (Record) in compliance with 15 CFR obtain this document in an accessible
1. As stated above, injuries have 990.45. The Record will include format (e.g., braille, large print,
resulted from the incident on May 18, documents considered by the Trustees audiotape, or compact disc) on request
2011. during the preassessment, assessment, to the contact person listed under FOR
2. Response actions did not address and restoration planning phases of the FURTHER INFORMATION CONTACT.
all injuries resulting from the incident NRDA performed in connection with SUPPLEMENTARY INFORMATION: Section
to the extent that restoration would not the crash. The Record will be 455(b) of the Higher Education Act of
be necessary. Although response actions augmented with additional information 1965, as amended (HEA) (20 U.S.C.
were initiated soon after the spill, the over the course of the NRDA process. 1087e(b)), provides formulas for
nature of the incident (fire, oil spill, and The Record is available in accordance determining the interest rates charged to
physical disturbance) and the sensitivity with the Freedom of Information Act, by borrowers for loans made under the
of the environment precluded the contacting: Navy Region Southwest, Direct Loan Program including: Federal
complete prevention of injuries to Attention: Ms. Deb McKay, Code N40, Direct Subsidized Stafford Loans (Direct
natural resources. Injured natural Pt Mugu Omega Air Tanker Crash Spill, Subsidized Loans); Federal Direct
resources may return to baseline, but 937 North Harbor Drive, Box 81, San Unsubsidized Stafford Loans (Direct
interim losses of services provided by Diego, CA 92132, Phone: 619–532–2284, Unsubsidized Loans); Federal Direct
these natural resources have occurred, or deborah.mckay@navy.mil. PLUS Loans (Direct PLUS Loans); and
and will continue until resources return
Dated: July 10, 2015. Federal Direct Consolidation Loans
to baseline health/condition.
3. Feasible primary and compensatory N.A. Hagerty-Ford, (Direct Consolidation Loans).
restoration actions exist to address Commander, Judge Advocate General’s Corps, Direct Subsidized Loans, Direct
injuries and lost human uses resulting U.S. Navy, Federal Register Liaison Officer. Unsubsidized Loans, and Direct PLUS
from the incident. In preparation for [FR Doc. 2015–17568 Filed 7–16–15; 8:45 am] Loans (collectively, Direct Loans) first
restoration planning, the Trustees have BILLING CODE 3810–FF–P disbursed on or after July 1, 2013, have
begun to compile a list of restoration a fixed interest rate that is calculated
projects that could potentially be based on the high yield of the 10-year
implemented to compensate for interim DEPARTMENT OF EDUCATION Treasury notes auctioned at the final
losses resulting from the incident. All auction held before June 1 of each year,
potential restoration sites would be Annual Notice of Interest Rates of plus a statutory add-on percentage (a
located within the bounds of NBVC Federal Student Loans Made Under the ‘‘margin’’). Therefore, while the interest
Point Mugu and would involve William D. Ford Federal Direct Loan rate determination for new loans will be
construction projects to enhance the Program on or After July 1, 2013 different from year to year, each of these
services of existing wetlands. loans will have a fixed interest rate for
AGENCY: Federal Student Aid, the life of the loan. In each case the
The Trustees have the tools and Department of Education.
procedures to evaluate the injuries and calculated rate is capped by a maximum
ACTION: Notice. interest rate.
define the appropriate type and scale of
restoration for the injured natural The following chart contains specific
resources. Among the available Catalog of Federal Domestic Assistance information on the calculation of the
(CFDA) Number: 84.268.
procedures are computer modeled interest rates for Direct Loans first
injury assessments; field and laboratory DATES: This notice is effective July 17, disbursed on or after July 1, 2015, but
study of geology and sediment, plants, 2015. before July 1, 2016. We publish a
wildlife, water quality, hydrologic SUMMARY: The Chief Operating Officer separate notice containing the interest
resources; as well as additional for Federal Student Aid announces the rates for Direct Loans that were made in
literature searches. Appropriate interest rates for loans made under the prior years.
srobinson on DSK5SPTVN1PROD with NOTICES
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![Federal Register / Vol. 80, No. 137 / Friday, July 17, 2015 / Notices 42489
FIXED-RATE DIRECT SUBSIDIZED LOANS, DIRECT UNSUBSIDIZED LOANS, AND DIRECT PLUS LOANS FIRST DISBURSED ON
OR AFTER 7/1/2015 BUT BEFORE 7/1/2016
Cohort Index rate
Student grade Margin Fixed rate Max. rate
Loan type 10-Year
level First disbursed First disbursed (%) (%) (%)
Treasury note
on/after before (%)
Subsidized ............. Undergraduates .... 7/1/2015 7/1/2016 2.237 2.05 4.29 8.25
Unsubsidized ......... Undergraduates .... 7/1/2015 7/1/2016 2.237 2.05 4.29 8.25
Unsubsidized ......... Graduate and Pro- 7/1/2015 7/1/2016 2.237 3.60 5.84 9.50
fessional Stu-
dents.
PLUS ..................... Parents of De- 7/1/2015 7/1/2016 2.237 4.60 6.84 10.50
pendent Under-
graduates.
PLUS ..................... Graduate and Pro- 7/1/2015 7/1/2016 2.237 4.60 6.84 10.50
fessional Stu-
dents.
If an application for a Direct ACTION: Notice of intent to grant an Program Manager, U.S. Department of
Consolidation Loan is received by the exclusive license. Energy, National Energy Technology
Department on or after July 1, 2013, the Laboratory, P.O. Box 10940, Pittsburgh,
interest rate on that loan is the weighted SUMMARY: This notice is issued in PA 15236; Telephone (412) 386–7417;
average of the consolidated loans, accordance with 35 U.S.C. 209(c)(1) and Email: jessica.sosenko@netl.doe.gov.
rounded up to the nearest higher 1⁄8 of 37 CFR 404.7(a)(1)(i). The National
SUPPLEMENTARY INFORMATION: Section
1 percent. These Direct Consolidation Energy Technology Laboratory (NETL)
209(c) of title 35 of the United States
Loans do not have an interest rate cap. hereby gives notice that the Department
of Energy (DOE) intends to grant an Code gives DOE the authority to grant
Electronic Access to This Document: exclusive license to practice the exclusive or partially exclusive licenses
The official version of this document is inventions described and claimed in in Department-owned inventions where
the document published in the Federal U.S. Patent Number 8,470,276, ‘‘Process a determination is made, among other
Register. Free Internet access to the for CO2 capture using a regenerable things, that the desired practical
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and the Code of Federal Regulations is U.S. Patent Number 8,617,499, been achieved, or is not likely to be
available via the Federal Digital System ‘‘Minimization of steam requirements achieved expeditiously, under a
at www.gpo.gov/fdsys. At this site you and enhancement of water-gas shift nonexclusive license. The statute and
can view this document, as well as all reaction with warm gas temperature CO2 implementing regulations (37 CFR 404)
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text or Adobe Portable Document its principal place of business in notice and opportunity for filing written
Format (PDF). To use PDF you must Northbrook, Illinois. The patents are comments and objections.
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You may also access documents of the exclusive license complies with the exclusive license to practice the
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Register by using the article search CFR 404.7. commercialization of the inventions.
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DATES: Written comments, objections, or
Specifically, through the advanced nonexclusive license applications must a final determination in accordance
search feature at this site, you can limit be received at the address listed below with 35 U.S.C. 209(c), unless within 15
your search to documents published by no later than August 3, 2015. Objections days of publication of this notice,
the Department. submitted in response to this notice will NETL’s Technology Transfer Manager
not be made available to the public for (contact information listed above),
Program Authority: 20 U.S.C. 1087, et seq. receives in writing any of the following,
inspection and, to the extent permitted
Dated: July 14, 2015.
by law, will not be released under the together with supporting documents:
James W. Runcie, Freedom of Information Act, 5 U.S.C. (i) A statement from any person
Chief Operating Officer, Federal Student Aid. 552. setting forth reasons why it would not
[FR Doc. 2015–17653 Filed 7–16–15; 8:45 am] be in the best interest of the United
ADDRESSES: Comments, applications for States to grant the proposed license; or
BILLING CODE 4000–01–P
nonexclusive licenses, or objections (ii) An application for a nonexclusive
relating to the prospective exclusive license to the invention, in which
license should be submitted to Jessica applicant states that it already has
srobinson on DSK5SPTVN1PROD with NOTICES
Sosenko, Technology Transfer Program brought the invention to practical
DEPARTMENT OF ENERGY
Manager, U.S. Department of Energy, application or is likely to bring the
Notice of Intent To Grant an Exclusive National Energy Technology Laboratory, invention to practical application
License P.O. Box 10940, Pittsburgh, PA 15236– expeditiously.
0940 or via facsimile to (412) 386–4183. The proposed license would be
AGENCY: National Energy Technology FOR FURTHER INFORMATION CONTACT: exclusive, subject to a license and other
Laboratory, Department of Energy. Jessica Sosenko, Technology Transfer rights retained by the United States, and
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Document Created: 2018-02-23 09:21:27
Document Modified: 2018-02-23 09:21:27
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice. | |
| Dates | This notice is effective July 17, 2015. | |
| Contact | Ian Foss, U.S. Department of Education, 830 First Street NE., Room 114I1, Washington, DC 20202. Telephone: (202) 377-3681 or by email: [email protected] | |
| FR Citation | 80 FR 42488 |
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