82_FR_39271 82 FR 39113 - Annual Notice of Interest Rates for Federal Student Loans Made Under the William D. Ford Federal Direct Loan Program Prior to July 1, 2013

82 FR 39113 - Annual Notice of Interest Rates for Federal Student Loans Made Under the William D. Ford Federal Direct Loan Program Prior to July 1, 2013

DEPARTMENT OF EDUCATION

Federal Register Volume 82, Issue 158 (August 17, 2017)

Page Range39113-39116
FR Document2017-17425

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 prior to July 1, 2013. For loans that have a variable interest rate, the rates announced in this notice are in effect for the period July 1, 2017, through June 30, 2018. The Chief Operating Officer takes this action to give notice of Direct Loan interest rates to the public.

Federal Register, Volume 82 Issue 158 (Thursday, August 17, 2017)
[Federal Register Volume 82, Number 158 (Thursday, August 17, 2017)]
[Notices]
[Pages 39113-39116]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-17425]


-----------------------------------------------------------------------

DEPARTMENT OF EDUCATION


Annual Notice of Interest Rates for Federal Student Loans Made 
Under the William D. Ford Federal Direct Loan Program Prior to July 1, 
2013

AGENCY: Federal Student Aid, Department of Education (ED).

ACTION: Notice.

-----------------------------------------------------------------------

[[Page 39114]]


DATES: This notice is applicable August 17, 2017.
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 prior to July 1, 2013. For loans that 
have a variable interest rate, the rates announced in this notice are 
in effect for the period July 1, 2017, through June 30, 2018. The Chief 
Operating Officer takes this action to give notice of Direct Loan 
interest rates to the public.

FOR FURTHER INFORMATION CONTACT: Rene Tiongquico, U.S. Department of 
Education, 830 First Street NE., 11th floor, Washington, DC 20202. 
Telephone: (202) 377-4270 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: Catalog of Federal Domestic Assistance 
(CFDA) Number: 84.268.
    Section 455(b) of the Higher Education Act of 1965, as amended 
(HEA) (20 U.S.C. 1087e(b)), specifies the interest rates charged to 
borrowers for Federal Direct Subsidized Stafford/Ford Loans (Direct 
Subsidized Loans), Federal Direct Unsubsidized Stafford/Ford Loans 
(Direct Unsubsidized Loans), Federal Direct PLUS Loans (Direct PLUS 
Loans), and Federal Direct Consolidation Loans (Direct Consolidation 
Loans), collectively referred to as ``Direct Loans.'' The interest 
rates for Direct Loans may be variable or fixed.

Variable-Rate Direct Loans

    Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS 
Loans that were first disbursed before July 1, 2006, and Direct 
Consolidation Loans for which the application was received before 
February 1, 1999, have variable interest rates that are determined each 
year in accordance with formulas specified in section 455(b) of the 
HEA. The variable interest rate formula that applies to a particular 
loan depends on the date of the first disbursement of the loan or, for 
some Direct Consolidation Loans, the date the application for the loan 
was received. The variable rates are determined annually and are 
effective for each 12-month period beginning July 1 of one year and 
ending June 30 of the following year.
    Except for Direct PLUS Loans that were first disbursed before July 
1, 1998, the variable interest rates for most types of Direct Loans are 
based on formulas that use the bond equivalent rates of the 91-day 
Treasury bills auctioned at the final auction held before June 1 of 
each year, plus a statutory add-on percentage. In each case, the 
calculated rate is capped by a maximum interest rate. The bond 
equivalent rate of the 91-day Treasury bills auctioned on May 30, 2017, 
which is used to calculate the interest rates on these loans, is 0.976 
percent rounded up to 0.98 percent.
    The interest rate for Direct PLUS Loans that were first disbursed 
on or after July 1, 1994, and before July 1, 1998, is based on the 
weekly average of the one-year constant maturity Treasury yield, as 
published by the Board of Governors of the Federal Reserve System for 
the last day of the calendar week ending on or before June 26 of each 
year, plus a statutory add-on percentage. The calculated rate is capped 
by a maximum interest rate. The weekly average of the one-year constant 
maturity Treasury yield published on June 26, 2017, which is used to 
calculate the interest rate on these loans, is 1.22 percent.
    Charts 1 through 4 in this notice show the interest rates for 
variable-rate Direct Loans that are in effect for the period July 1, 
2017, through June 30, 2018.

        Chart 1--Variable-Rate Direct Subsidized and Direct Unsubsidized Loans Interest Rates in Effect for the Period 7/1/2017 Through 6/30/2018
--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Cohort                                             Index rate                Margin                        Total rate
---------------------------------------------------------                -------------------------------------------------------------------------------
                                                          Max. rate  (%)                    In-school,                      In-school,
    First disbursed on or after        First disbursed                    91-day  T-bill      grace,         All other        grace,         All other
                                           before                            rate (%)      deferment (%)   periods  (%)   deferment  (%)   periods  (%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
7/1/1994..........................  7/1/1995............            8.25            0.98            3.10            3.10            4.08            4.08
7/1/1995..........................  7/1/1998............            8.25            0.98            2.50            3.10            3.48            4.08
7/1/1998..........................  7/1/2006............            8.25            0.98            1.70            2.30            2.68            3.28
--------------------------------------------------------------------------------------------------------------------------------------------------------


                       Chart 2--Variable-Rate Direct PLUS Loans Interest Rates in Effect for the Period 7/1/2017 Through 6/30/2018
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                 Cohort                                                             Index rate
-------------------------------------------------------------------------                --------------------------------
                                                                                                              1-year                        Total rate
                                                                          Max. rate  (%)  91-day  T-bill     constant       Margin  (%)         (%)
        First disbursed on or after            First disbursed before                        rate  (%)       treasury
                                                                                                           maturity (%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
7/1/1994..................................  7/1/1998....................            9.00  ..............            1.22            3.10            4.32
7/1/1998..................................  7/1/2006....................            9.00            0.98  ..............            3.10            4.08
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 39115]]


 Chart 3--Variable-Rate Direct Subsidized and Direct Unsubsidized Consolidation Loans Interest Rates in Effect for the Period 7/1/2017 Through 6/30/2018
--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Cohort                                             Index rate                Margin                        Total rate
---------------------------------------------------------                -------------------------------------------------------------------------------
                                                          Max. rate  (%)                    In-School,                      In-School,
    First disbursed on or after        First disbursed                    91-Day  T-Bill      grace,         All other        grace,         All other
                                           before                            rate (%)      deferment (%)   periods  (%)   deferment  (%)   periods  (%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
7/1/1994..........................  7/1/1995............            8.25            0.98            3.10            3.10            4.08            4.08
7/1/1995..........................  7/1/1998............            8.25            0.98            2.50            3.10            3.48            4.08
7/1/1998..........................  10/1/1998...........            8.25            0.98            1.70            2.30            2.68            3.28
--------------------------------------------------------------------------------------------------------------------------------------------------------
    First disbursed on or after     Application received
                                            before
--------------------------------------------------------------------------------------------------------------------------------------------------------
10/1/1998.........................  10/1/1998...........            8.25            0.98            1.70            2.30            2.68            3.28
--------------------------------------------------------------------------------------------------------------------------------------------------------
 Application received on or after   Application received
                                            before
--------------------------------------------------------------------------------------------------------------------------------------------------------
10/1/1998.........................  2/1/1999............            8.25            0.98            2.30            2.30            3.28            3.28
--------------------------------------------------------------------------------------------------------------------------------------------------------


                Chart 4--Variable-Rate Direct PLUS Consolidation Loans Interest Rates in Effect for the Period 7/1/2017 Through 6/30/2018
--------------------------------------------------------------------------------------------------------------------------------------------------------
                            Cohort                                                 Index rate                  Margin                  Total rate
--------------------------------------------------------------             -----------------------------------------------------------------------------
                                                                                            1-year
                                                                Max. rate    91-day  T-    constant    In-school,   All other    In-School,   All other
     First disbursed on or after       First disbursed before      (%)       Bill rate     treasury      grace,      periods       grace,      periods
                                                                                (%)        maturity    deferment       (%)       deferment       (%)
                                                                                             (%)          (%)                       (%)
--------------------------------------------------------------------------------------------------------------------------------------------------------
7/1/1994............................  7/1/1998...............         9.00  ...........         1.22         3.10         3.10         4.32         4.32
7/1/1998............................  10/1/1998..............         9.00         0.98  ...........         3.10         3.10         4.08         4.08
--------------------------------------------------------------------------------------------------------------------------------------------------------
     First disbursed on or after        Application received
                                               before
--------------------------------------------------------------------------------------------------------------------------------------------------------
10/1/1998...........................  10/1/1998..............         9.00         0.98  ...........         3.10         3.10         4.08         4.08
--------------------------------------------------------------------------------------------------------------------------------------------------------
  Application received on or after      Application received
                                               before
--------------------------------------------------------------------------------------------------------------------------------------------------------
10/1/1998...........................  2/1/1999...............         8.25         0.98  ...........         2.30         2.30         3.28         3.28
--------------------------------------------------------------------------------------------------------------------------------------------------------

Fixed-Rate Direct Loans

    Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS 
Loans first disbursed on or after July 1, 2006, and before July 1, 
2013, and Direct Consolidation Loans for which the application was 
received on or after February 1, 1999, have fixed interest rates. The 
fixed interest rates for Direct Subsidized Loans, Direct Unsubsidized 
Loans, and Direct PLUS Loans first disbursed on or after July 1, 2006, 
and before July 1, 2013, and Direct Consolidation Loans for which the 
application was received on or after February 1, 1999 may be found in a 
Federal Register notice published on October 3, 2016 (81 FR 68003), 
under the heading ``Chart 5--Fixed-Rate Direct Subsidized, Direct 
Unsubsidized, Direct PLUS Loans, and Direct Consolidation Loans First 
Disbursed On or After 7/1/2006 and Before 7/1/2013.''
    Interest rates for Direct Subsidized Loans, Direct Unsubsidized 
Loans, and Direct PLUS Loans first disbursed on or after July 1, 2013, 
and before July 1, 2018, are published in earlier Federal Register 
notices, as follows:
     For loans first disbursed on or after July 1, 2013, and 
prior to July 1, 2014, see 78 FR 59011.
     For loans first disbursed on or after July 1, 2014, and 
prior to July 1, 2015, see 79 FR 37301.
     For loans first disbursed on or after July 1, 2015, and 
prior to July 1, 2016, see 80 FR 42488.
     For loans first disbursed on or after July 1, 2016, and 
prior to July 1, 2017, see 81 FR 38159.
     For loans first disbursed on or after July 1, 2017, and 
prior to July 1, 2018, see 82 FR 29062.
    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.


[[Page 39116]]


    Dated: August 14, 2017.
A. Wayne Johnson,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 2017-17425 Filed 8-16-17; 8:45 am]
BILLING CODE P4000-01-P



                                                                                     Federal Register / Vol. 82, No. 158 / Thursday, August 17, 2017 / Notices                                                       39113

                                                trigger for the rate to apply is a period                     ‘‘beginning on or after’’ the date in the
                                                of enrollment for which the loan was                          cohort field.
                                                intended either ‘‘ending before’’ or

                                                 CHART 2—VARIABLE-RATE FEDERAL SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS INTEREST RATES IN EFFECT FOR
                                                                                THE PERIOD 7/1/2017 THROUGH 6/30/2018

                                                                        Cohort                                                                                  Margin                               Total rate
                                                                                                                                                                                                        (%)
                                                                                                                            91-Day T-bill          In-school,
                                                                                                           Max. rate                                                     All other         In-school,
                                                  First disbursed on or              First disbursed                            rate                 grace,                                                       All other
                                                                                                                                                                         periods             grace,
                                                           after                          before                                                   deferment                                                      periods
                                                                                                                                                                            (%)            deferment
                                                                                                                                                      (%)                                                            (%)
                                                                                                                                                                                              (%)

                                                10/1/1992 .....................            7/1/1994                 9.00               0.98                 3.10                 3.10                4.08                4.08
                                                7/1/1994 .......................          7/1/1994†                 9.00               0.98                 3.10                 3.10                4.08                4.08
                                                7/1/1994 .......................           7/1/1995                 8.25               0.98                 3.10                 3.10                4.08                4.08
                                                7/1/1995 .......................           7/1/1998                 8.25               0.98                 2.50                 3.10                3.48                4.08
                                                7/1/1998 .......................           7/1/2006                 8.25               0.98                 1.70                 2.30                2.68                3.28



                                                  Note: The FFEL Program loans represented                    the second row in Chart 2 were only made                   having been first disbursed on or after July
                                                in the first row in Chart 2 were only made                    to ‘‘new borrowers’’ on or after July 1, 1994.             1, 1994, and before July 1, 1995—have been
                                                to ‘‘new borrowers’’ on or after October 1,                   The FFEL Program loans represented in the                  made for a period of enrollment that began
                                                1992. The FFEL Program loans represented in                   third row in Chart 2 must—in addition to                   on or included July 1, 1994.

                                                    CHART 3—VARIABLE-RATE FEDERAL PLUS, SLS, AND CONSOLIDATION LOANS INTEREST RATES IN EFFECT FOR THE
                                                                                   PERIOD 7/1/2017 THROUGH 6/30/2018
                                                                                                  Cohort                                                                         Index rate

                                                                                                                                Max. rate                            1-Year con-
                                                         Loan type                   First disbursed     First disbursed          (%)            91-Day T-bill      stant Treasury             Margin         Total rate
                                                                                       on or after            before                                 rate              maturity                 (%)              (%)
                                                                                                                                                                          (%)

                                                PLUS and SLS .............                         —         10/1/1992                12.00                 —                   1.22                 3.25             4.47
                                                SLS ..............................         10/1/1992         7/1/1994†                11.00                 —                   1.22                 3.10             4.32
                                                PLUS ............................          10/1/1992          7/1/1994                10.00                 —                   1.22                 3.10             4.32
                                                PLUS ............................           7/1/1994          7/1/1998                 9.00                 —                   1.22                 3.10             4.32
                                                PLUS ............................           7/1/1998          7/1/2006                 9.00               0.98                    —                  3.10             4.08
                                                Loan type .....................         Application       Application           Max. rate        91-Day T-bill      Average of the             Margin         Total rate
                                                                                      received on or       received                                  rate                Bond
                                                                                           after            before                                                     equivalent
                                                                                                                                                                      rates of the
                                                                                                                                                                     91-Day T-bill
                                                                                                                                                                    for the quarter
                                                                                                                                                                    prior to July 1
                                                Consolidation ...............            11/13/1997           10/1/1998                8.25                 0.98                  —                  3.10                4.08
                                                HHS Portion of Consoli-
                                                 dation ........................         11/13/1997                    —                    —                   —                0.92                3.00                3.92



                                                   The last row in Chart 3 refers to                          other documents of this Department                           Dated: August 14, 2017.
                                                portions of Federal Consolidation Loans                       published in the Federal Register, in                      A. Wayne Johnson,
                                                attributable to loans made by the U.S.                        text or Adobe Portable Document                            Chief Operating Officer, Federal Student Aid.
                                                Department of Health and Human                                Format (PDF). To use PDF you must                          [FR Doc. 2017–17424 Filed 8–16–17; 8:45 am]
                                                Services under subpart I of part A of                         have Adobe Acrobat Reader, which is                        BILLING CODE 4000–01–P
                                                title VII of the Public Health Service                        available free at the site. You may also
                                                Act.                                                          access documents of the Department
                                                  Note: No new loans have been made under                     published in the Federal Register by                       DEPARTMENT OF EDUCATION
                                                the FFEL Program since June 30, 2010.                         using the article search feature at:
                                                                                                              www.federalregister.gov. Specifically,                     Annual Notice of Interest Rates for
                                                   Electronic Access to This Document:                        through the advanced search feature at                     Federal Student Loans Made Under the
                                                The official version of this document is
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                              this site, you can limit your search to                    William D. Ford Federal Direct Loan
                                                the document published in the Federal
                                                                                                              documents published by the                                 Program Prior to July 1, 2013
                                                Register. Free internet access to the
                                                official edition of the Federal Register                      Department.
                                                                                                                                                                         AGENCY:Federal Student Aid,
                                                and the Code of Federal Regulations is                          Program Authority: 20 U.S.C. 1071 et
                                                                                                                                                                         Department of Education (ED).
                                                available via the Federal Digital System                      seq.
                                                at: www.gpo.gov/fdsys. At this site, you                                                                                 ACTION:     Notice.
                                                can view this document, as well as all


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                                                39114                             Federal Register / Vol. 82, No. 158 / Thursday, August 17, 2017 / Notices

                                                DATES:  This notice is applicable August                           (HEA) (20 U.S.C. 1087e(b)), specifies the                             Except for Direct PLUS Loans that
                                                17, 2017.                                                          interest rates charged to borrowers for                            were first disbursed before July 1, 1998,
                                                SUMMARY: The Chief Operating Officer                               Federal Direct Subsidized Stafford/Ford                            the variable interest rates for most types
                                                for Federal Student Aid announces the                              Loans (Direct Subsidized Loans),                                   of Direct Loans are based on formulas
                                                interest rates for loans made under the                            Federal Direct Unsubsidized Stafford/                              that use the bond equivalent rates of the
                                                William D. Ford Federal Direct Loan                                Ford Loans (Direct Unsubsidized                                    91-day Treasury bills auctioned at the
                                                (Direct Loan) Program prior to July 1,                             Loans), Federal Direct PLUS Loans                                  final auction held before June 1 of each
                                                2013. For loans that have a variable                               (Direct PLUS Loans), and Federal Direct                            year, plus a statutory add-on percentage.
                                                interest rate, the rates announced in this                         Consolidation Loans (Direct                                        In each case, the calculated rate is
                                                notice are in effect for the period July 1,                        Consolidation Loans), collectively                                 capped by a maximum interest rate. The
                                                2017, through June 30, 2018. The Chief                             referred to as ‘‘Direct Loans.’’ The                               bond equivalent rate of the 91-day
                                                Operating Officer takes this action to                             interest rates for Direct Loans may be                             Treasury bills auctioned on May 30,
                                                give notice of Direct Loan interest rates                          variable or fixed.                                                 2017, which is used to calculate the
                                                to the public.                                                                                                                        interest rates on these loans, is 0.976
                                                FOR FURTHER INFORMATION CONTACT:                                   Variable-Rate Direct Loans                                         percent rounded up to 0.98 percent.
                                                Rene Tiongquico, U.S. Department of                                                                                                      The interest rate for Direct PLUS
                                                Education, 830 First Street NE., 11th                                Direct Subsidized Loans, Direct                                  Loans that were first disbursed on or
                                                floor, Washington, DC 20202.                                       Unsubsidized Loans, and Direct PLUS                                after July 1, 1994, and before July 1,
                                                Telephone: (202) 377–4270 or by email:                             Loans that were first disbursed before                             1998, is based on the weekly average of
                                                Rene.Tiongquico@ed.gov.                                            July 1, 2006, and Direct Consolidation                             the one-year constant maturity Treasury
                                                   If you use a telecommunications                                 Loans for which the application was                                yield, as published by the Board of
                                                device for the deaf (TDD) or a text                                received before February 1, 1999, have                             Governors of the Federal Reserve
                                                telephone (TTY), call the Federal Relay                            variable interest rates that are                                   System for the last day of the calendar
                                                Service (FRS), toll free, at 1–800–877–                            determined each year in accordance                                 week ending on or before June 26 of
                                                8339.                                                              with formulas specified in section                                 each year, plus a statutory add-on
                                                   Individuals with disabilities can                               455(b) of the HEA. The variable interest                           percentage. The calculated rate is
                                                obtain this document in an accessible                              rate formula that applies to a particular                          capped by a maximum interest rate. The
                                                format (e.g., braille, large print,                                loan depends on the date of the first                              weekly average of the one-year constant
                                                audiotape, or compact disc) on request                             disbursement of the loan or, for some                              maturity Treasury yield published on
                                                to the contact person listed under FOR                             Direct Consolidation Loans, the date the                           June 26, 2017, which is used to
                                                FURTHER INFORMATION CONTACT.                                       application for the loan was received.                             calculate the interest rate on these loans,
                                                SUPPLEMENTARY INFORMATION: Catalog of                              The variable rates are determined                                  is 1.22 percent.
                                                Federal Domestic Assistance (CFDA)                                 annually and are effective for each 12-                               Charts 1 through 4 in this notice show
                                                Number: 84.268.                                                    month period beginning July 1 of one                               the interest rates for variable-rate Direct
                                                   Section 455(b) of the Higher                                    year and ending June 30 of the following                           Loans that are in effect for the period
                                                Education Act of 1965, as amended                                  year.                                                              July 1, 2017, through June 30, 2018.

                                                 CHART 1—VARIABLE-RATE DIRECT SUBSIDIZED AND DIRECT UNSUBSIDIZED LOANS INTEREST RATES IN EFFECT FOR THE
                                                                                  PERIOD 7/1/2017 THROUGH 6/30/2018
                                                                       Cohort                                                        Index rate                            Margin                                    Total rate

                                                                                                               Max. rate                                  In-school,                                         In-school,
                                                                                                                                      91-day                                           All other                                  All other
                                                 First disbursed on              First disbursed                 (%)                                        grace,                                             grace,
                                                                                                                                     T-bill rate                                       periods                                    periods
                                                       or after                       before                                                              deferment                                          deferment
                                                                                                                                        (%)                                               (%)                                        (%)
                                                                                                                                                             (%)                                                (%)

                                                7/1/1994 ................     7/1/1995 ................                   8.25                0.98                     3.10                       3.10               4.08                4.08
                                                7/1/1995 ................     7/1/1998 ................                   8.25                0.98                     2.50                       3.10               3.48                4.08
                                                7/1/1998 ................     7/1/2006 ................                   8.25                0.98                     1.70                       2.30               2.68                3.28


                                                 CHART 2—VARIABLE-RATE DIRECT PLUS LOANS INTEREST RATES IN EFFECT FOR THE PERIOD 7/1/2017 THROUGH 6/30/
                                                                                                2018
                                                                                   Cohort                                                                               Index rate

                                                                                                                                                                                        1-year
                                                                                                                                     Max. rate                                                                Margin          Total rate
                                                                                                                                                            91-day                     constant
                                                                                                                                       (%)                                                                     (%)               (%)
                                                  First disbursed on or after                 First disbursed before                                       T-bill rate                 treasury
                                                                                                                                                              (%)                      maturity
                                                                                                                                                                                          (%)

                                                7/1/1994 ..............................   7/1/1998 .............................              9.00     ........................                    1.22              3.10                4.32
sradovich on DSK3GMQ082PROD with NOTICES




                                                7/1/1998 ..............................   7/1/2006 .............................              9.00                      0.98      ........................           3.10                4.08




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                                                                                Federal Register / Vol. 82, No. 158 / Thursday, August 17, 2017 / Notices                                                                    39115

                                                  CHART 3—VARIABLE-RATE DIRECT SUBSIDIZED AND DIRECT UNSUBSIDIZED CONSOLIDATION LOANS INTEREST RATES IN
                                                                           EFFECT FOR THE PERIOD 7/1/2017 THROUGH 6/30/2018
                                                                     Cohort                                                    Index rate                              Margin                              Total rate

                                                                                                          Max. rate                                       In-School,                               In-School,
                                                                                                                                91-Day                                          All other                               All other
                                                 First disbursed on         First disbursed be-             (%)                                             grace,                                   grace,
                                                                                                                               T-Bill rate                                      periods                                 periods
                                                       or after                      fore                                                                 deferment                                deferment
                                                                                                                                  (%)                                              (%)                                     (%)
                                                                                                                                                             (%)                                      (%)

                                                7/1/1994 ................   7/1/1995 ................              8.25                       0.98                    3.10               3.10              4.08                4.08
                                                7/1/1995 ................   7/1/1998 ................              8.25                       0.98                    2.50               3.10              3.48                4.08
                                                7/1/1998 ................   10/1/1998 ..............               8.25                       0.98                    1.70               2.30              2.68                3.28

                                                 First disbursed on             Application
                                                       or after               received before

                                                10/1/1998 ..............    10/1/1998 ..............               8.25                       0.98                    1.70               2.30              2.68                3.28

                                                    Application                 Application
                                                received on or after          received before

                                                10/1/1998 ..............    2/1/1999 ................              8.25                       0.98                    2.30               2.30              3.28                3.28


                                                CHART 4—VARIABLE-RATE DIRECT PLUS CONSOLIDATION LOANS INTEREST RATES IN EFFECT FOR THE PERIOD 7/1/2017
                                                                                        THROUGH 6/30/2018
                                                                     Cohort                                                         Index rate                                  Margin                          Total rate

                                                                                                                                                   1-year
                                                                                                         Max. rate                                                    In-school,                       In-School,
                                                                                                                           91-day                 constant                            All other                          All other
                                                 First disbursed on         First disbursed be-            (%)                                                          grace,                           grace,
                                                                                                                          T-Bill rate             treasury                            periods                            periods
                                                       or after                      fore                                                                             deferment                        deferment
                                                                                                                             (%)                  maturity                               (%)                                (%)
                                                                                                                                                                         (%)                              (%)
                                                                                                                                                     (%)

                                                7/1/1994 ................   7/1/1998 ................          9.00    ....................                 1.22             3.10               3.10            4.32           4.32
                                                7/1/1998 ................   10/1/1998 ..............           9.00                 0.98       ....................          3.10               3.10            4.08           4.08

                                                 First disbursed on             Application
                                                       or after               received before

                                                10/1/1998 ..............    10/1/1998 ..............           9.00                 0.98       ....................          3.10               3.10            4.08           4.08

                                                    Application                 Application
                                                received on or after          received before

                                                10/1/1998 ..............    2/1/1999 ................          8.25                 0.98       ....................          2.30               2.30            3.28           3.28



                                                Fixed-Rate Direct Loans                                         Interest rates for Direct Subsidized                            Register. Free internet access to the
                                                                                                             Loans, Direct Unsubsidized Loans, and                              official edition of the Federal Register
                                                  Direct Subsidized Loans, Direct                            Direct PLUS Loans first disbursed on or                            and the Code of Federal Regulations is
                                                Unsubsidized Loans, and Direct PLUS                          after July 1, 2013, and before July 1,                             available via the Federal Digital System
                                                Loans first disbursed on or after July 1,                    2018, are published in earlier Federal                             at: www.gpo.gov/fdsys. At this site you
                                                2006, and before July 1, 2013, and Direct                    Register notices, as follows:                                      can view this document, as well as all
                                                Consolidation Loans for which the                               • For loans first disbursed on or after                         other documents of this Department
                                                application was received on or after                         July 1, 2013, and prior to July 1, 2014,                           published in the Federal Register, in
                                                February 1, 1999, have fixed interest                        see 78 FR 59011.                                                   text or Adobe Portable Document
                                                rates. The fixed interest rates for Direct                      • For loans first disbursed on or after
                                                Subsidized Loans, Direct Unsubsidized                                                                                           Format (PDF). To use PDF you must
                                                                                                             July 1, 2014, and prior to July 1, 2015,
                                                Loans, and Direct PLUS Loans first                                                                                              have Adobe Acrobat Reader, which is
                                                                                                             see 79 FR 37301.
                                                disbursed on or after July 1, 2006, and                         • For loans first disbursed on or after                         available free at the site.
                                                before July 1, 2013, and Direct                              July 1, 2015, and prior to July 1, 2016,                              You may also access documents of the
                                                Consolidation Loans for which the                            see 80 FR 42488.                                                   Department published in the Federal
                                                application was received on or after                            • For loans first disbursed on or after                         Register by using the article search
                                                February 1, 1999 may be found in a
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                             July 1, 2016, and prior to July 1, 2017,                           feature at: www.federalregister.gov.
                                                Federal Register notice published on                         see 81 FR 38159.                                                   Specifically, through the advanced
                                                October 3, 2016 (81 FR 68003), under                            • For loans first disbursed on or after                         search feature at this site, you can limit
                                                the heading ‘‘Chart 5—Fixed-Rate Direct                      July 1, 2017, and prior to July 1, 2018,                           your search to documents published by
                                                Subsidized, Direct Unsubsidized, Direct                      see 82 FR 29062.                                                   the Department.
                                                PLUS Loans, and Direct Consolidation                            Electronic Access to This Document:
                                                Loans First Disbursed On or After 7/1/                       The official version of this document is                              Program Authority: 20 U.S.C. 1087 et
                                                2006 and Before 7/1/2013.’’                                  the document published in the Federal                              seq.



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                                                39116                       Federal Register / Vol. 82, No. 158 / Thursday, August 17, 2017 / Notices

                                                  Dated: August 14, 2017.                      Comments Due: 5 p.m. ET 8/30/17.                                  Accession Number: 20170810–5071.
                                                A. Wayne Johnson,                              Docket Numbers: ER17–2273–000.                                    Comments Due: 5 p.m. ET 8/31/17.
                                                Chief Operating Officer, Federal Student Aid.  Applicants: Midcontinent                                          Docket Numbers: ER17–2280–000.
                                                [FR Doc. 2017–17425 Filed 8–16–17; 8:45 am] Independent System Operator, Inc.                                    Applicants: Southwestern Public
                                                BILLING CODE P4000–01–P                        Description: § 205(d) Rate Filing:                             Service Company.
                                                                                            2017–08–09_SA 3041 Gratiot Farms-                                    Description: § 205(d) Rate Filing:
                                                                                            METC GIA (G934) to be effective 8/9/                              SPS–GSEC–RBEC–CA–Wolves–668–
                                                DEPARTMENT OF ENERGY                        2017.                                                             0.0.0 to be effective 10/8/2017.
                                                                                               Filed Date: 8/9/17.                                               Filed Date: 8/10/17.
                                                Federal Energy Regulatory                      Accession Number: 20170809–5141.                                  Accession Number: 20170810–5089.
                                                Commission                                     Comments Due: 5 p.m. ET 8/30/17.                                  Comments Due: 5 p.m. ET 8/31/17.
                                                                                               Docket Numbers: ER17–2274–000.                                    Docket Numbers: ER17–2281–000.
                                                Combined Notice of Filings #1                  Applicants: Midcontinent                                          Applicants: Swamp Fox Solar, LLC.
                                                   Take notice that the Commission          Independent System Operator, Inc.                                    Description: Baseline eTariff Filing:
                                                received the following electric corporate      Description: § 205(d) Rate Filing:                             Baseline new to be effective 10/10/2017.
                                                filings:                                    2017–08–10_SA 3037 Pine River Wind-                                  Filed Date: 8/10/17.
                                                   Docket Numbers: EC17–156–000.            METC GIA (J589) to be effective 7/27/                                Accession Number: 20170810–5093.
                                                   Applicants: Hog Creek Wind Project,      2017.                                                                Comments Due: 5 p.m. ET 8/31/17.
                                                LLC.                                           Filed Date: 8/10/17.                                              Docket Numbers: ER17–2282–000.
                                                   Description: Application for                Accession Number: 20170810–5008.
                                                                                                                                                                 Applicants: Champion Solar, LLC.
                                                Authorization for Disposition of               Comments Due: 5 p.m. ET 8/31/17.
                                                                                                                                                                 Description: Baseline eTariff Filing:
                                                Jurisdictional Facilities and Request for      Docket Numbers: ER17–2275–000.                                 Baseline new to be effective 10/10/2017.
                                                Expedited Action of Hog Creek Wind             Applicants: Green Power Energy LLC.                               Filed Date: 8/10/17.
                                                Project, LLC.                                  Description: Petition for Limited                                 Accession Number: 20170810–5095.
                                                   Filed Date: 8/9/17.                      Waiver and Request for Expedited                                     Comments Due: 5 p.m. ET 8/31/17.
                                                   Accession Number: 20170809–5158.         Action of Green Power Energy LLC.
                                                                                               Filed Date: 8/10/17.                                              Take notice that the Commission
                                                   Comments Due: 5 p.m. ET 8/30/17.                                                                           received the following electric securities
                                                   Take notice that the Commission             Accession Number: 20170810–5026.
                                                                                               Comments Due: 5 p.m. ET 8/31/17.                               filings:
                                                received the following electric rate                                                                             Docket Numbers: ES17–52–000.
                                                filings:                                       Docket Numbers: ER17–2276–000.
                                                                                               Applicants: Midcontinent                                          Applicants: Upper Peninsula Power
                                                   Docket Numbers: ER15–794–006.                                                                              Company.
                                                   Applicants: Catalyst Paper Operations Independent System Operator, Inc.                                       Description: Application of Upper
                                                Inc.                                           Description: § 205(d) Rate Filing:
                                                                                            2017–08–10_Termination of Project J233                            Peninsula Power Company for
                                                   Description: Compliance filing:                                                                            Authorization under Section 204 of the
                                                Update MBR Tariff to be effective 1/27/     E&P Agreements (SA 2507 & SA 2696)
                                                                                            to be effective 8/11/2017.                                        Federal Power Act and Request for
                                                2017.                                                                                                         Expedited Treatment.
                                                   Filed Date: 8/10/17.                        Filed Date: 8/10/17.
                                                                                               Accession Number: 20170810–5027.                                  Filed Date: 8/10/17.
                                                   Accession Number: 20170810–5032.                                                                              Accession Number: 20170810–5072.
                                                   Comments Due: 5 p.m. ET 8/31/17.            Comments Due: 5 p.m. ET 8/31/17.
                                                                                                                                                                 Comments Due: 5 p.m. ET 8/31/17.
                                                   Docket Numbers: ER17–2200–001.              Docket Numbers: ER17–2277–000.
                                                                                               Applicants: Midcontinent                                          The filings are accessible in the
                                                   Applicants: PJM Interconnection,                                                                           Commission’s eLibrary system by
                                                L.L.C.                                      Independent System Operator, Inc.
                                                                                               Description: § 205(d) Rate Filing:                             clicking on the links or querying the
                                                   Description: Tariff Amendment: Errata                                                                      docket number.
                                                to OATT Att O and P revisions               2017–08–10_SA 1976 MEC–ITC
                                                                                            Midwest 3rd Revised TIA to be effective                              Any person desiring to intervene or
                                                submitted in ER17–2200 re: Solar                                                                              protest in any of the above proceedings
                                                Generation to be effective 9/29/2017.       8/21/2017.
                                                                                               Filed Date: 8/10/17.                                           must file in accordance with Rules 211
                                                   Filed Date: 8/10/17.                                                                                       and 214 of the Commission’s
                                                   Accession Number: 20170810–5056.            Accession Number: 20170810–5036.
                                                                                               Comments Due: 5 p.m. ET 8/31/17.                               Regulations (18 CFR 385.211 and
                                                   Comments Due: 5 p.m. ET 8/31/17.
                                                                                                                                                              385.214) on or before 5:00 p.m. Eastern
                                                   Docket Numbers: ER17–2271–000.              Docket Numbers: ER17–2278–000.
                                                                                                                                                              time on the specified comment date.
                                                   Applicants: New York Independent            Applicants: Midcontinent
                                                                                                                                                              Protests may be considered, but
                                                System Operator, Inc.                       Independent System Operator, Inc.,
                                                                                                                                                              intervention is necessary to become a
                                                   Description: § 205(d) Rate Filing:       Otter Tail Power Company.
                                                                                                                                                              party to the proceeding.
                                                NYISO 205 filing black start and system        Description: § 205(d) Rate Filing:
                                                                                                                                                                 eFiling is encouraged. More detailed
                                                restoration service tariff revisions to be  2017–08–10_SA 3035 OTP-Dakota
                                                                                                                                                              information relating to filing
                                                effective 10/8/2017.                        Range I & II E&P (J436 J437) to be
                                                                                                                                                              requirements, interventions, protests,
                                                   Filed Date: 8/9/17.                      effective 7/29/2017.
                                                                                                                                                              service, and qualifying facilities filings
                                                   Accession Number: 20170809–5114.            Filed Date: 8/10/17.
                                                                                                                                                              can be found at: http://www.ferc.gov/
                                                   Comments Due: 5 p.m. ET 8/30/17.            Accession Number: 20170810–5052.
                                                                                                                                                              docs-filing/efiling/filing-req.pdf. For
                                                                                               Comments Due: 5 p.m. ET 8/31/17.
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                                                   Docket Numbers: ER17–2272–000.                                                                             other information, call (866) 208–3676
                                                   Applicants: Wolverine Power Supply          Docket Numbers: ER17–2279–000.                                 (toll free). For TTY, call (202) 502–8659.
                                                Cooperative, Inc.                              Applicants: Duke Energy Progress,
                                                                                            LLC.                                                                Dated: August 10, 2017.
                                                   Description: § 205(d) Rate Filing:
                                                Second Amended and Restated IFA                Description: § 205(d) Rate Filing:                             Nathaniel J. Davis, Sr.,
                                                Agreement to be effective 12/31/9998.       Craven LGIA SA 271 Filing to be                                   Deputy Secretary.
                                                   Filed Date: 8/9/17.                      effective 10/10/2017.                                             [FR Doc. 2017–17349 Filed 8–16–17; 8:45 am]
                                                   Accession Number: 20170809–5134.            Filed Date: 8/10/17.                                           BILLING CODE P6717–01–P




                                           VerDate Sep<11>2014   19:44 Aug 16, 2017   Jkt 241001   PO 00000   Frm 00014   Fmt 4703   Sfmt 9990   E:\FR\FM\17AUN1.SGM   17AUN1



Document Created: 2017-08-17 01:42:55
Document Modified: 2017-08-17 01:42:55
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesThis notice is applicable August 17, 2017.
ContactRene Tiongquico, U.S. Department of Education, 830 First Street NE., 11th floor, Washington, DC 20202. Telephone: (202) 377-4270 or by email: [email protected]
FR Citation82 FR 39113 

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