Description: Tags: 090706c

52778 Federal Register / Vol. 71, No.
173 / Thursday, September 7, 2006 / Notices
30, 2007, is 7.94 percent (4.84 percent following site: www.ed.gov/news/ Loans), Federal Direct PLUS Loans
plus 3.1 percent). federegister. (Direct PLUS Loans), and Federal Direct
6. FFEL PLUS loans first disbursed on To use PDF you must have Adobe Consolidation Loans (Direct
or after July 1, 2006—the interest rate is Acrobat Reader, which is available free Consolidation Loans).
fixed at 8.50 percent. at this site. If you have questions about The Direct Loan Program includes
using PDF, call the U.S. Government loans with variable interest rates and
Interest Rates for FFEL Consolidation Printing Office (GPO), toll free at 1–888– loans with fixed interest rates. Most
Loans 293–6498; or in the Washington, DC loans made under the Direct Loan
1. FFEL Consolidation loans for area at (202) 512–1530. Program have variable interest rates that
which the consolidation loan was made Note: The official version of this document change each year. The variable interest
by the lender before July 1, 1994—the is the document published in the Federal rate formula that applies to a particular
interest rate is the weighted average of Register. Free Internet access to the official loan depends on the date of the first
the interest rates on the loans edition of the Federal Register and the Code disbursement of the loan. The variable
consolidated, rounded to the nearest of Federal Regulations is available on GPO rates are determined annually and are
whole percent, but may not be less than Access at: www.gpoaccess.gov/nara/ effective for each 12-month period
nine percent. index.html. beginning July 1 of one year and ending
2. FFEL Consolidation loans for June 30 of the following year. Pursuant
Program Authority: 20 U.S.C. 1087 et seq.
which the consolidation loan was made to section 455(b) of the HEA, 20 U.S.C.
Dated: August 31, 2006. 1087e(b), the interest rate for Direct
by the lender on or after July 1, 1994,
and before November 13, 1997—the Theresa S. Shaw, Subsidized Loans and Direct
interest rate is the weighted average of Chief Operating Officer, Federal Student Aid. Unsubsidized Loans that are first
the interest rates on the loans [FR Doc. E6–14799 Filed 9–6–06; 8:45 am] disbursed on or after July 1, 2006, have
consolidated, rounded to the nearest BILLING CODE 4000–01–P a fixed interest rate of 6.80 percent. In
whole percent. addition, Direct PLUS Loans that are
3. FFEL Consolidation loans for first disbursed on or after July 1, 2006,
which the consolidation loan DEPARTMENT OF EDUCATION have a fixed interest rate of 7.90 percent.
In the case of some Direct
application was received by the lender
William D. Ford Federal Direct Loan Consolidation Loans, the interest rate is
on or after November 13, 1997, and
Program determined by the date on which the
before October 1, 1998—the interest rate
Direct Consolidation Loan application
may not exceed 8.25 percent: The AGENCY: Federal Student Aid, was received. Direct Consolidation
interest rate for the period from July 1, Department of Education. Loans for which the application was
2006, through June 30, 2007, is 7.94 ACTION: Notice of interest rates for the received on or after February 1, 1999
percent (4.84 percent plus 3.1 percent). William D. Ford Federal Direct Loan have a fixed interest rate based on the
4. FFEL Consolidation loans for Program for the period July 1, 2006 weighted average of the loans that are
which the consolidation loan through June 30, 2007. consolidated, rounded up to the nearest
application was received by the lender higher 1⁄8 of one percent.
on or after October 1, 1998, and before SUMMARY: The Chief Operating Officer
Pursuant to section 455(b) of the HEA,
July 1, 2006—the interest rate may not for Federal Student Aid announces the
20 U.S.C. 1087e(b), the Direct Loan
exceed 8.25 percent: The interest rate is interest rates for the period July 1, 2006
interest rate formulas use the bond
the weighted average of the interest through June 30, 2007 for loans made
equivalent rates of the 91-day Treasury
rates on the loans consolidated, rounded under the William D. Ford Federal
bills at the final auction held before
to the nearest higher 1/8 of one percent. Direct Loan (Direct Loan) Program.
June 1 of each year plus a statutory add-
5. If a portion of a Consolidation loan FOR FURTHER INFORMATION CONTACT: Don on percentage to determine the variable
is attributable to a loan made under Watson, U.S. Department of Education, interest rate for all Direct Subsidized
subpart I of part A of title VII of the room 114I2, UCP, 400 Maryland Loans and Direct Unsubsidized Loans;
Public Health Service Act, the Avenue, SW., Washington, DC 20202– Direct Consolidation Loans for which
maximum interest rate for that portion 5400. Telephone: (202) 377–4008. the application was received on or after
of a Consolidation loan is determined If you use a telecommunications July 1, 1998 and before February 1,
annually, for each 12-month period device for the deaf (TDD), you may call 1999; and Direct PLUS Loans disbursed
beginning on July 1 and ending on June the Federal Relay Service (FRS) at 1– on or after July 1, 1998.
30. The interest rate equals the average 800–877–8339. The bond equivalent rate of the 91-
of the bond equivalent rates of the 91- Individuals with disabilities may day Treasury bills auctioned on May 30,
day Treasury bills auctioned for the obtain this document in an alternative 2006, which is used to calculate the
quarter ending prior to July 1, plus three format (e.g., Braille, large print, interest rates on these loans, is 4.843
percent. For the quarter ending before audiotape, or computer diskette) on percent, which is rounded to 4.84
July 1, 2006, the average 91-day request to the contact person listed percent.
Treasury bill rate was 4.828 percent under FOR FURTHER INFORMATION In addition, pursuant to section 455(b)
(rounded to 4.83 percent). The CONTACT. of the HEA, 20 U.S.C. 1087e(b), as
maximum interest rate for the period SUPPLEMENTARY INFORMATION: Section amended by Public Law 106–554, the
from July 1, 2006, through June 30, 455(b) of the Higher Education Act of Consolidated Appropriations Act, 2001,
2007, is 7.83 percent (4.83 percent plus 1965, as amended (HEA), 20 U.S.C. the interest rate for Direct PLUS Loans
3.0 percent). 1087e(b), provides formulas for that were disbursed on or after July 1,
Electronic Access to This Document: determining the interest rates charged to 1994 and on or before July 1, 1998, is
rwilkins on PROD1PC63 with NOTICES
You may view this document, as well as borrowers for loans made under the calculated based on the weekly average
all other documents of this Department Direct Loan Program including, Federal of a 1-year constant maturity Treasury
published in the Federal Register, in Direct Stafford Loans (Direct Subsidized yield, as published by the Board of
text or Adobe Portable Document Loans), Federal Direct Unsubsidized Governors of the Federal Reserve
Format (PDF) on the Internet at the Stafford Loans (Direct Unsubsidized System, for the last calendar week
VerDate Aug<31>2005 18:11 Sep 06, 2006 Jkt 208001 PO 00000 Frm 00020 Fmt 4703 Sfmt 4703 E:\FR\FM\07SEN1.SGM 07SEN1
Federal Register / Vol. 71, No. 173 / Thursday, September 7, 2006 / Notices 52779
ending on or before June 26 plus a before June 1 plus 3.1 percent. However, Direct PLUS Consolidation Loans that
statutory add-on percentage. during in-school, grace, and deferment were disbursed on or after July 1, 1998,
The last calendar week ending on or periods, the interest rate formula is the and before October 1, 1998, is 7.94
before June 26, 2006 began on June 18, bond equivalent rate of the 91-day percent during all periods.
2006 and ended on June 24, 2006. On Treasury bills auctioned at the final For Direct Subsidized Loans, Direct
June 26, 2006, the Board of Governors auction held before June 1 plus 2.5 Unsubsidized Loans, Direct PLUS Loans
of the Federal Reserve System published percent. These interest rates may not first disbursed on or after October 1,
the 1-year constant maturity Treasury exceed 8.25 percent during any period. 1998, and before July 1, 2006: The
yield average as 5.24 percent. From July 1, 2006, to June 30, 2007, the interest rate for Direct Subsidized Loans
Below is specific information on the interest rate for Direct Subsidized and Direct Unsubsidized Loans is the
calculation of the interest rates for the Loans, Direct Unsubsidized Loans, and bond equivalent rate of the 91-day
Direct Loan Program. This information Direct Subsidized and Unsubsidized Treasury bills auctioned at the final
is listed in order by the date a loan was Consolidation Loans that were first auction held before June 1 plus 2.3
first disbursed or by the date that the disbursed on or after July 1, 1995, and percent. However, during in-school,
Consolidation Application was before July 1, 1998, is 7.34 percent grace, and deferment periods, the
received. during in-school, grace, and deferment interest rate formula is the bond
In addition, a summary of the interest periods and 7.94 percent during all equivalent rate of the 91-day Treasury
rates that are effective for the period other periods. bills plus 1.7 percent. These interest
July 1, 2006 through June 30, 2007, is The interest rate for Direct PLUS rates may not exceed 8.25 percent
included on charts at the end of this Loans and Direct PLUS Consolidation during any period. From July 1, 2006, to
notice. These charts are organized by Loans is the weekly average of a 1-year June 30, 2007, the interest rate for Direct
loan type. In each chart, the interest constant maturity Treasury yield, as Subsidized Loans and Direct
rates are arranged by the date a loan was published by the Board of Governors of Unsubsidized Loans that were disbursed
first disbursed or by the date that the the Federal Reserve System, for the last after July 1, 1998, and before July 1,
consolidation application was received. calendar week ending on or before June 2006, is 6.54 percent during in-school,
For Direct Loan Program Loans first 26 plus 3.1 percent. These interest rates grace, and deferment periods and 7.14
disbursed on or after July 1, 1994, and may not exceed 9.0 percent during any percent during all other periods.
before July 1, 1995: The interest rate for period. From July 1, 2006, to June 30, The interest rate for Direct PLUS
Direct Subsidized Loans, Direct 2007, the interest rate for Direct PLUS Loans is the bond equivalent rate of the
Unsubsidized Loans, and Direct Loans and Direct PLUS Consolidation 91-day Treasury bills auctioned at the
Subsidized and Unsubsidized Loans that were first disbursed on or final auction held before June 1 plus 3.1
Consolidation Loans is the bond after July 1, 1995 and before July 1, percent. These interest rates may not
equivalent rate of the 91-day Treasury 1998, is 8.34 percent during all periods. exceed 9.0 percent during any period.
bills auctioned at the final auction held For Direct Loans first disbursed on or From July 1, 2006, to June 30, 2007, the
before June 1 plus 3.1 percent. These after July 1, 1998, and before October 1, interest rate for Direct PLUS Loans that
interest rates may not exceed 8.25 1998: The interest rate for Direct were disbursed after July 1, 1998, and
percent during any period. From July 1, Subsidized Loans, Direct Unsubsidized before July 1, 2006, is 7.94 percent
2006, to June 30, 2007, the interest rate Loans, and Direct Subsidized and during all periods.
for Direct Subsidized Loans, Direct Unsubsidized Consolidation Loans is For Direct Subsidized Loans, Direct
Unsubsidized Loans, and Direct the bond equivalent rate of the 91-day Unsubsidized Loans, and Direct PLUS
Subsidized and Unsubsidized Treasury bills auctioned at the final Loans first disbursed on or after July 1,
Consolidation Loans that were first auction held before June 1 plus 2.3 2006: The interest rate for Direct
disbursed on or after July 1, 1994, and percent. However, during in-school, Subsidized Loans and Direct
before July 1, 1995, is 7.94 percent grace, and deferment periods, the Unsubsidized Loans that were first
during all periods. interest rate formula is the bond disbursed on or after July 1, 2006 is a
The interest rate for Direct PLUS equivalent rate of the 91-day Treasury fixed interest rate of 6.80 percent during
Loans and Direct PLUS Consolidation bills auctioned at the final auction held all periods.
Loans is the weekly average of a 1-year before June 1 plus 1.7 percent. These The interest rate for Direct PLUS
constant maturity Treasury yield, as interest rates may not exceed 8.25 Loans that were first disbursed on or
published by the Board of Governors of percent during any period. From July 1, after July 1, 2006 is a fixed interest rate
the Federal Reserve System, for the last 2006, to June 30, 2007, the interest rate of 7.90 percent during all periods.
calendar week ending on or before June for Direct Subsidized Loans, Direct For Direct Consolidation Loans first
26 plus 3.1 percent. These interest rates Unsubsidized Loans, and Direct disbursed on or after October 1, 1998
may not exceed 9.0 percent during any Subsidized and Unsubsidized and for which the application was
period. From July 1, 2006, to June 30, Consolidation Loans that were first received before October 1, 1998: The
2007, the interest rate for Direct PLUS disbursed on or after July 1, 1998 and interest rate for Direct Subsidized and
Loans and Direct PLUS Consolidation before October 1, 1998, is 6.54 percent Unsubsidized Consolidation Loans is
Loans that were first disbursed on or during in-school, grace, and deferment the bond equivalent rate of the 91-day
after July 1, 1994 and before July 1, periods and 7.14 percent during all Treasury bills auctioned at the final
1995, is 8.34 percent for all periods. other periods. auction held before June 1 plus 2.3
For Direct Loan Program Loans first The interest rate for Direct PLUS percent. However, during in-school,
disbursed on or after July 1, 1995, and Loans and Direct PLUS Consolidation grace, and deferment periods, the
before July 1, 1998: The interest rate for Loans is the bond equivalent rate of the interest rate formula is the bond
Direct Subsidized Loans, Direct 91-day Treasury bills auctioned at the equivalent rate of the 91-day Treasury
Unsubsidized Loans, and Direct final auction held before June 1 plus 3.1 bills auctioned at the final auction held
Subsidized and Unsubsidized percent. These interest rates may not before June 1 plus 1.7 percent. These
Consolidation Loans is the bond exceed 9.0 percent during any period. interest rates may not exceed 8.25
equivalent rate of the 91-day Treasury From July 1, 2006, to June 30, 2007, the percent during any period. From July 1,
bills auctioned at the final auction held interest rate for Direct PLUS Loans and 2006, to June 30, 2007, the interest rate
52780 Federal Register / Vol. 71, No. 173 / Thursday, September 7, 2006 / Notices
for Direct Subsidized and Unsubsidized October 1, 1998 and before February 1, text or Adobe Portable Document
Consolidation Loans that were first 1999 is the bond equivalent rate of the Format (PDF) on the Internet at the
disbursed on or after July 1, 1998 and 91-day Treasury bills auctioned at the following site: www.ed.gov/news/
before October 1, 1998, is 6.54 percent final auction held before June 1 plus 2.3 federegister.
during in-school, grace, and deferment percent. These interest rates may not To use PDF you must have Adobe
periods and 7.14 percent during all exceed 8.25 percent during any period. Acrobat Reader, which is available free
other periods. From July 1, 2006, to June 30, 2007, the
The interest rate for Direct PLUS at this site. If you have questions about
interest rate for Direct Consolidation
Consolidation Loans is the bond using PDF, call the U.S. Government
Loans for which the application was
equivalent rate of the 91-day Treasury Printing Office (GPO), toll free at 1–888–
received on or after October 1, 1998 and
bills auctioned at the final auction held before February 1, 1999, is 7.14 percent 293–6498; or in the Washington, DC,
before June 1 plus 3.1 percent. These during all periods. area at (202) 512–1530.
interest rates may not exceed 9.0 For Direct Consolidation Loans for Note: The official version of this document
percent during any period. From July 1, which the application was received on is the document published in the Federal
2006, to June 30, 2007, the interest rate or after February 1, 1999: The interest Register. Free Internet access to the official
for Direct PLUS Loans and Direct PLUS rate for Direct Consolidation Loans for edition of the Federal Register and the Code
Consolidation Loans that were which the application was received on of Federal Regulations is available on GPO
disbursed on or after July 1, 1998, and or after February 1, 1999, and before Access at: www.gpoaccess.gov/nara/
before October 1, 1998, is 7.94 percent July 1, 2006, is the lesser of 8.25 index.html.
during all periods. percent, or the weighted average of the
For Direct Consolidation Loans for loans consolidated, rounded to the Program Authority: 20 U.S.C. 1087 et seq.
which the application was received on nearest higher 1⁄8 of one percent. Dated: August 31, 2006.
or after October 1, 1998, and before Electronic Access to This Document:
February 1, 1999: The interest rate for You may view this document, as well as Theresa S. Shaw,
Direct Consolidation Loans for which all other documents of this Department Chief Operating Officer, Federal Student Aid.
the application was received on or after published in the Federal Register, in BILLING CODE 4000–01–P
EN07SE06.016</GPH>
EN07SE06.017</GPH>
52782 Federal Register / Vol. 71, No. 173 / Thursday, September 7, 2006 / Notices
EN07SE06.018</GPH>
[FR Doc. E6–14800 Filed 9–6–06; 8:45 am] DATES: Comments, protests or requests On September 5, 1996, in docket EA–
BILLING CODE 4000–01–C to intervene must be submitted on or 98–C, the Office of Fossil Energy (FE) of
before September 22, 2006. the Department of Energy (DOE)
ADDRESSES: Comments, protests, or authorized 42 members of the WSPP to
requests to intervene should be export electric energy to Canada. In
DEPARTMENT OF ENERGY several subsequent proceedings in the
addressed as follows: Office Electricity
Delivery and Energy Reliability (Mail EA–98 docket, the list members
[Docket No. EA–98–J] authorized to export was modified to
Code OE–20), U.S. Department of
Energy, 1000 Independence Avenue, add, delete, or reflect corporate name
Application To Export Electric Energy; changes. The most recent order in the
Western Systems Power Pool SW., Washington, DC 20585–0350 (FAX
202–586–5860). docket, EA–98–I, was issued on August
AGENCY: Office Electricity Delivery and 6, 2002, and authorized 26 WSPP
FOR FURTHER INFORMATION CONTACT: member companies individually to
Energy Reliability, DOE.
Ellen Russell (Program Office) 202–586– transmit electric energy to Canada. The
ACTION: Notice of Application. 9624 or Michael Skinker (Program international transmission facilities
SUMMARY: The Western Systems Power
Attorney) 202–586–2793. utilized for these exports are owned by
Pool (WSPP) has applied, on behalf of SUPPLEMENTARY INFORMATION: Exports of the Bonneville Power Administration,
EN07SE06.020</GPH>
certain of its members, to renew their electricity from the United States to a also a WSPP member. The facilities
authority to transmit electric energy foreign country are regulated and consist of two 500–kV transmission
from the United States to Canada require authorization under section lines and one 230–kV transmission line
pursuant to section 202(e) of the Federal 202(e) of the Federal Power Act (FPA) that interconnect with facilities of BC
EN07SE06.019</GPH>
Power Act. (16 U.S.C. 824a(e)). Hydro, and one 230–kV line that

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52778 Federal Register / Vol. 71, No.

173 / Thursday, September 7, 2006 / Notices

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