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Federal Register / Vol. 70, No.

216 / Wednesday, November 9, 2005 / Notices 67999

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: http://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 Program Authority: 20 U.S.C. 1087 et seq. June 30 of the following year.
which the consolidation loan was made In the case of some Direct
by the lender on or after July 1, 1994, Dated: November 3, 2005. Consolidation Loans, the interest rate is
and before November 13, 1997—the Theresa S. Shaw, determined by the date on which the
interest rate is the weighted average of Chief Operating Officer, Federal Student Aid. Direct Consolidation Loan application
the interest rates on the loans [FR Doc. 05–22365 Filed 11–8–05; 8:45 am] was received. Direct Consolidation
consolidated, rounded to the nearest BILLING CODE 4000–01–P Loans for which the application was
whole percent. received on or after February 1, 1999
3. FFEL Consolidation loans for have a fixed interest rate based on the
which the consolidation loan DEPARTMENT OF EDUCATION weighted average of the loans that are
application was received by the lender consolidated, rounded up to the nearest
on or after November 13, 1997, and William D. Ford Federal Direct Loan higher 1/8 of one percent.
before October 1, 1998—the interest rate Program Pursuant to section 455(b) of the HEA,
may not exceed 8.25 percent: The 20 U.S.C. § 1087e(b), the Direct Loan
AGENCY: Federal Student Aid,
interest rate for the period from July 1, interest rate formulas use the bond
Department of Education.
2005, through June 30, 2006, is 6.10 equivalent rates of the 91-day Treasury
ACTION: Notice of interest rates for the bills at the final auction held before
percent (3.00 percent plus 3.1 percent). William D. Ford Federal Direct Loan
4. FFEL Consolidation loans for June 1 of each year plus a statutory add-
Program for the period July 1, 2005 on percentage to determine the variable
which the consolidation loan through June 30, 2006.
application was received by the lender interest rate for all Direct Subsidized
on or after October 1, 1998, and before SUMMARY: The Chief Operating Officer Loans and Direct Unsubsidized Loans;
July 1, 2006—the interest rate may not for Federal Student Aid announces the Direct Consolidation Loans for which
exceed 8.25 percent: The interest rate is interest rates for loans made under the the application was received on or after
the weighted average of the interest William D. Ford Federal Direct Loan July 1, 1998 and before February 1,
rates on the loans consolidated, rounded (Direct Loan) Program for the period 1999; and Direct PLUS Loans disbursed
to the nearest higher 1⁄8 of one percent. July 1, 2005 through June 30, 2006. on or after July 1, 1998.
5. If a portion of a Consolidation loan The bond equivalent rate of the 91-
FOR FURTHER INFORMATION CONTACT: Don
is attributable to a loan made under day Treasury bills auctioned on May 31,
Watson, U.S. Department of Education, 2005, which is used to calculate the
subpart I of part A of title VII of the room 114I2, UCP, 400 Maryland
Public Health Service Act, the interest rates on these loans, is 2.998
Avenue, SW., Washington, DC 20202– percent, which is rounded to 3.00
maximum interest rate for that portion 5400. Telephone: (202) 377–4008.
of a Consolidation loan is determined percent.
If you use a telecommunications In addition, pursuant to section 455(b)
annually, for each 12-month period device for the deaf (TDD), you may call of the HEA, 20 U.S.C. 1087e(b), as
beginning on July 1 and ending on June the Federal Relay Service (FRS) at 1– amended by Public Law 106–554, the
30. The interest rate equals the average 800–877–8339. Consolidated Appropriations Act 2001,
of the bond equivalent rates of the 91- Individuals with disabilities may
the interest rate for Direct PLUS Loans
day Treasury bills auctioned for the obtain this document in an alternative
that were disbursed on or after July 1,
quarter ending prior to July 1, plus three format (e.g., Braille, large print,
1994 and on or before July 1, 1998, is
percent. For the quarter ending before audiotape, or computer diskette) on
calculated based on the weekly average
July 1, 2005, the average 91-day request to the contact person listed
of a 1-year constant maturity Treasury
Treasury bill rate was 2.943 percent under FOR FURTHER INFORMATION
yield, as published by the Board of
(rounded to 2.94 percent). The CONTACT.
Governors of the Federal Reserve
maximum interest rate for the period SUPPLEMENTARY INFORMATION: Section System, for the last calendar week
from July 1, 2005, through June 30, 455(b) of the Higher Education Act of ending on or before June 26 plus a
2006, is 5.94 percent (2.94 percent plus 1965, as amended (HEA), 20 U.S.C. statutory add-on percentage.
3.0 percent). 1087e(b), provides formulas for The last calendar week ending on or
Electronic Access to This Document: determining the interest rates charged to before June 26, 2005 began on June 19,
You may view this document, as well as borrowers for loans made under the 2005 and ended on June 25, 2005. On
all other documents of this Department Direct Loan Program including Federal June 27, 2005, the Board of Governors
published in the Federal Register, in Direct Stafford Loans (Direct Subsidized of the Federal Reserve System published
text or Adobe Portable Document Loans), Federal Direct Unsubsidized the 1-year constant maturity Treasury
Format (PDF) on the Internet at the Stafford Loans (Direct Unsubsidized yield average as 3.40 percent.
following site: http://www.ed.gov/news/ Loans), Federal Direct PLUS Loans Below is specific information on the
federegister. (Direct PLUS Loans), and Federal Direct calculation of the interest rates for the
To use PDF you must have Adobe Consolidation Loans (Direct Direct Loan Program. This information
Acrobat Reader, which is available free Consolidation Loans). is listed in order by the date a loan was
at this site. If you have questions about The Direct Loan Program includes first disbursed or by the date that the
using PDF, call the U.S. Government loans with variable interest rates and Consolidation Application was
Printing Office (GPO), toll free at 1–888– loans with fixed interest rates. Most received.
293–6498; or in the Washington, DC loans made under the Direct Loan In addition, a summary of the interest
area at (202) 512–1530. Program have variable interest rates that rates that are effective for the period
Note: The official version of this document change each year. The variable interest July 1, 2005 through June 30, 2006, is
is the document published in the Federal rate formula that applies to a particular included on charts at the end of this
Register. Free Internet access to the official loan depends on the date of the first notice. These charts are organized by

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68000 Federal Register / Vol. 70, No. 216 / Wednesday, November 9, 2005 / Notices

loan type. In each chart, the interest The interest rate for Direct PLUS interest rate formula is the bond
rates are arranged by the date a loan was Loans and Direct PLUS Consolidation equivalent rate of the 91-day Treasury
first disbursed or by the date that the Loans is the weekly average of a 1-year bills plus 1.7 percent. These interest
consolidation application was received. constant maturity Treasury yield, as rates may not exceed 8.25 percent
published by the Board of Governors of during any period. From July 1, 2005, to
For Direct Loan Program Loans First the Federal Reserve System, for the last
Disbursed on or After July 1, 1994, and June 30, 2006, the interest rate for Direct
calendar week ending on or before June Subsidized Loans and Direct
Before July 1, 1995— 26 plus 3.1 percent. These interest rates Unsubsidized Loans that were disbursed
The interest rate for Direct Subsidized may not exceed 9.0 percent during any after July 1, 1998, and before July 1,
Loans, Direct Unsubsidized Loans, and period. From July 1, 2005, to June 30, 2005, is 4.70 percent during in-school,
Direct Subsidized and Unsubsidized 2006, the interest rate for Direct PLUS
grace, and deferment periods and 5.30
Consolidation Loans is the bond Loans and Direct PLUS Consolidation
Loans that were first disbursed on or percent during all other periods.
equivalent rate of the 91-day Treasury
bills auctioned at the final auction held after July 1, 1995 and before July 1, The interest rate for Direct PLUS
before June 1 plus 3.1 percent. These 1998, is 6.50 percent during all periods. Loans is the bond equivalent rate of the
interest rates may not exceed 8.25 91-day Treasury bills auctioned at the
For Direct Loans First Disbursed On or
percent during any period. From July 1, After July 1, 1998, and Before October final auction held before June 1 plus 3.1
2005, to June 30, 2006, the interest rate 1, 1998— percent. These interest rates may not
for Direct Subsidized Loans, Direct exceed 9.0 percent during any period.
Unsubsidized Loans, and Direct The interest rate for Direct Subsidized From July 1, 2005, to June 30, 2006, the
Subsidized and Unsubsidized Loans, Direct Unsubsidized Loans, and interest rate for Direct PLUS Loans that
Consolidation Loans that were first Direct Subsidized and Unsubsidized
were disbursed after July 1, 1998, and
disbursed on or after July 1, 1994, and Consolidation Loans is the bond
before July 1, 2006, is 6.10 percent
before July 1, 1995, is 6.1 percent during equivalent rate of the 91-day Treasury
bills auctioned at the final auction held during all periods.
all periods.
before June 1 plus 2.3 percent. However, For Direct Consolidation Loans First
The interest rate for Direct PLUS during in-school, grace, and deferment
Loans and Direct PLUS Consolidation Disbursed On or After October 1, 1998
periods, the interest rate formula is the and for Which the Application Was
Loans is the weekly average of a 1-year bond equivalent rate of the 91-day
constant maturity Treasury yield, as Received Before October 1, 1998—
Treasury bills auctioned at the final
published by the Board of Governors of auction held before June 1 plus 1.7 The interest rate for Direct Subsidized
the Federal Reserve System, for the last percent. These interest rates may not and Unsubsidized Consolidation Loans
calendar week ending on or before June exceed 8.25 percent during any period. is the bond equivalent rate of the 91-day
26 plus 3.1 percent. These interest rates From July 1, 2005, to June 30, 2006, the Treasury bills auctioned at the final
may not exceed 9.0 percent during any interest rate for Direct Subsidized
period. From July 1, 2005, to June 30, auction held before June 1 plus 2.3
Loans, Direct Unsubsidized Loans, and percent. However, during in-school,
2006, the interest rate for Direct PLUS Direct Subsidized and Unsubsidized
Loans and Direct PLUS Consolidation grace, and deferment periods, the
Consolidation Loans that were first interest rate formula is the bond
Loans that were first disbursed on or disbursed on or after July 1, 1998 and
after July 1, 1994 and before July 1, equivalent rate of the 91-day Treasury
before October 1, 1998, is 4.70 percent
1995, is 6.50 percent for all periods. bills auctioned at the final auction held
during in-school, grace, and deferment
before June 1 plus 1.7 percent. These
For Direct Loan Program Loans First periods and 5.30 percent during all
interest rates may not exceed 8.25
Disbursed on or After July 1, 1995, and other periods.
The interest rate for Direct PLUS percent during any period. From July 1,
Before July 1, 1998— 2005, to June 30, 2006, the interest rate
Loans and Direct PLUS Consolidation
The interest rate for Direct Subsidized Loans is the bond equivalent rate of the for Direct Subsidized Loans, Direct
Loans, Direct Unsubsidized Loans, and 91-day Treasury bills auctioned at the Unsubsidized Loans, and Direct
Direct Subsidized and Unsubsidized final auction held before June 1 plus 3.1 Subsidized and Unsubsidized
Consolidation Loans is the bond percent. These interest rates may not Consolidation Loans that were first
equivalent rate of the 91-day Treasury exceed 9.0 percent during any period. disbursed on or after July 1, 1998 and
bills auctioned at the final auction held From July 1, 2005, to June 30, 2006, the before October 1, 1998, is 4.70 percent
before June 1 plus 3.1 percent. However, interest rate for Direct PLUS Loans and during in-school, grace, and deferment
during in-school, grace, and deferment Direct PLUS Consolidation Loans that periods and 5.30 percent during all
periods, the interest rate formula is the were disbursed on or after July 1, 1998, other periods.
bond equivalent rate of the 91-day and before October 1, 1998, is 6.10
Treasury bills auctioned at the final The interest rate for Direct PLUS
percent during all periods. Consolidation Loans is the bond
auction held before June 1 plus 2.5
percent. These interest rates may not For Direct Subsidized Loans, Direct equivalent rate of the 91-day Treasury
exceed 8.25 percent during any period. Unsubsidized Loans, Direct PLUS bills auctioned at the final auction held
From July 1, 2005, to June 30, 2006, the Loans First Disbursed On or After before June 1 plus 3.1 percent. These
interest rate for Direct Subsidized October 1, 1998, and Before July 1, interest rates may not exceed 9.0
Loans, Direct Unsubsidized Loans, and 2006— percent during any period. From July 1,
Direct Subsidized and Unsubsidized The interest rate for Direct Subsidized 2005, to June 30, 2006, the interest rate
Consolidation Loans that were first Loans and Direct Unsubsidized Loans is for Direct PLUS Loans and Direct PLUS
disbursed on or after July 1, 1995, and the bond equivalent rate of the 91-day Consolidation Loans that were
before July 1, 1998, is 5.50 percent Treasury bills auctioned at the final disbursed on or after July 1, 1998, and
during in-school, grace, and deferment auction held before June 1 plus 2.3 before October 1, 1998, is 6.10 percent
periods and 6.10 percent during all percent. However, during in-school, during all periods.
other periods. grace, and deferment periods, the

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Federal Register / Vol. 70, No. 216 / Wednesday, November 9, 2005 / Notices 68001

For Direct Consolidation Loans for For Direct Consolidation Loans for To use PDF you must have Adobe
Which the Application Was Received Which the Application Was Received Acrobat Reader, which is available free
on or After October 1, 1998, and Before On or After February 1, 1999, and at this site. If you have questions about
February 1, 1999— Before July 1, 2006— using PDF, call the U.S. Government
The interest rate for Direct Printing Office (GPO), toll free at 1–888–
The interest rate for Direct 293–6498; or in the Washington, DC,
Consolidation Loans for which the
Consolidation Loans for which the application was received on or after area at (202) 512–1530.
application was received on or after February 1, 1999, and before July 1,
October 1, 1998 and before February 1, Note: The official version of this document
2006, is the lesser of 8.25 percent, or the is the document published in the Federal
1999 is the bond equivalent rate of the weighted average of the loans
91-day Treasury bills auctioned at the Register. Free Internet access to the official
consolidated, rounded to the nearest edition of the Federal Register and the Code
final auction held before June 1 plus 2.3 higher 1/8 of one percent. Electronic of Federal Regulations is available on GPO
percent. These interest rates may not Access to This Document: You may Access at: http:www.gpoaccess.gov/nara/
exceed 8.25 percent during any period. view this document, as well as all other index.html
From July 1, 2005, to June 30, 2006, the documents of this Department
interest rate for Direct Consolidation published in the Federal Register, in Program Authority: 20 U.S.C. 1087 et seq.
Loans for which the application was text or Adobe Portable Document
Dated: November 3, 2005.
received on or after October 1, 1998 and Format (PDF) on the Internet at the
before February 1, 1999, is 5.30 percent following site: http:www.ed.gov/news/ Theresa S. Shaw,
during all periods. federegister. Chief Operating Officer, Federal Student Aid.

Interest rate
for Maximum
Treasury
Status Add-on 7/1/2004 interest
instrument through rate
6/30/2005

Federal Direct Subsidized Loans and Federal Direct Unsubsidized Loans

Loans with first disbursement date between 7/1/1994 and 6/ 91-day T-bill + 3.1 = 6.10 8.25
30/1995: Any status. 3.00
Loans with first disbursement date between 7/1/1995 and 6/
30/1998:
Repayment or forbearance ................................................. 91-day T-bill + 3.1 = 6.10 8.25
3.00
In-school, grace, or deferment ............................................ 91-day T-bill + 2.5 = 5.50 8.25
3.00
Loans with first disbursement date on or after 7/1/1998:
Repayment or forbearance ................................................. 91-day T-bill + 2.3 = 5.30 8.25
3.00
In-school, grace, or deferment ............................................ 91-day T-bill + 1.7 = 4.70 8.25
3.00

Federal Direct Subsidized Consolidation Loans and Federal Direct Unsubsidized Consolidation Loans

Loans with first disbursement date between 7/1/1994 and 6/ 91-day T-bill + 3.1 = 6.10 8.25
30/1995: Any status. 3.00
Loans with first disbursement date between 7/1/1995 and 6/
30/1998:
Repayment or forbearance ................................................. 91-day T-bill + 3.1 = 6.10 8.25
3.00
In-school, grace, or deferment ............................................ 91-day T-bill + 2.5 = 5.50 8.25
3.00
Loans with first disbursement date between 7/1/1998 and 9/
30/1998 and loans with first disbursement date on or after
10/1/1998 for which the application was received before 10/
1/1998:
Repayment or forbearance ................................................. 91-day T-bill + 2.3 = 5.30 8.25
3.00
In-school, grace, or deferment ............................................ 91-day T-bill + 1.7 = 4.70 8.25
3.00
Loans for which the application was received between 10/01/ 91-day T-bill + 2.3 = 5.30 8.25
1998 and 1/31/1999: Any status. 3.00
Loans for the application was received on or after 2/01/1999: The lesser of 8.25 percent or the weighted average of the loans 8.25
Any status. application consolidated, rounded to the next higher 1/8 of one
percent.

Federal Direct PLUS Loans

Loans with first disbursement date before 7/1/1998: Any status 1-year constant maturity + 3.1 = 6.50 9.00
Treasury yield
3.40

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68002 Federal Register / Vol. 70, No. 216 / Wednesday, November 9, 2005 / Notices

Interest rate
for Maximum
Treasury
Status Add-on 7/1/2004 interest
instrument through rate
6/30/2005

Loans with first disbursement date on or after 7/1/1998: Any 91-day T-bill + 3.1 = 6.10 9.00
status. 3.00

Federal Direct PLUS Consolidation Loans

Loans with first disbursement date before 7/1/1998: Any status 1-year constant maturity + 3.1 = 6.50 9.00
Treasury yield
3.40
Loans with first disbursement date between 7/1/1998 and 9/ 91-day T-bill + 3.1 = 6.10 9.00
30/1998 and loans with first disbursement date on or after 3.00
10/1/1998 for which the application was received before 10/
1/1998: Any status.
Loans for which the application was received between 10/01/ 91-day T-bill + 2.3 = 5.30 8.25
1998 and 1/31/1999: Any status. 3.00
Loans for which the application was received on or after 2/01/ The lesser of 8.25 percent or the weighted average of the loans 8.25
1999: Any status. application consolidated, rounded to the next higher was re-
ceived 1/8 of one percent.

[FR Doc. 05–22366 Filed 11–8–05; 8:45 am] Commission’s Web site at http:// comments will help inform the
BILLING CODE 4000–01–P www.ferc.gov. Commenters unable to discussion at the technical conference.
file comments electronically must send
I. Background
an original and 14 copies of their
DEPARTMENT OF ENERGY comments to: Federal Energy Regulatory 2. Section 1252(e)(3) of EPAct 2005
Commission, Office of the Secretary, requires the Commission to draft and
Federal Energy Regulatory 888 First Street NE., Washington, DC publish a report, by appropriate region,
Commission 20426. Please refer to the Comment that assesses demand response
Procedures section of the preamble for resources, including those available
[Docket No. AD06–2–000] from all consumer classes. Specifically,
additional information on how to file
Assessment of Demand Response comments. EPAct 2005 requires that the
Resources Commission identify and review:
FOR FURTHER INFORMATION CONTACT: (A) Saturation and penetration rates of
November 3, 2005. David Kathan (Technical advanced meters and
AGENCY: Federal Energy Regulatory Information), Office of Markets, Tariffs communications technologies,
Commission, DOE. and Rates, Federal Energy Regulatory devices and systems;
ACTION: Notice of Proposed Voluntary Commission, 888 First Street, NE., (B) Existing demand response
Survey and Technical Conference. Washington, DC 20426, (202) 502–6404, programs and time-based rate
David.Kathan@ferc.gov. programs;
SUMMARY: Pursuant to the Energy Policy (C) The annual resource contribution
Act of 2005 (EPAct 2005) section Aileen Roder (Legal Information),
of demand resources;
1252(e)(3),1 the Federal Energy Office of the General Counsel, Federal (D) The potential for demand
Regulatory Commission (Commission) is Energy Regulatory Commission, 888 response as a quantifiable, reliable
preparing a report, by appropriate First Street, NE., Washington, DC 20426, resource for regional planning
region, that assesses demand response (202) 502–6022, Aileen.Roder@ferc.gov. purposes;
resources, including those available SUPPLEMENTARY INFORMATION: 1. Take (E) Steps taken to ensure that, in
from all consumer classes. A voluntary notice that a survey on the saturation regional transmission planning and
survey and technical conference are and penetration of advanced meters is operations, demand resources are
proposed to obtain information that will being proposed and that a technical provided equitable treatment as a
assist in preparing and publishing this conference, with comments, on issues quantifiable, reliable resource
report. raised by the Energy Policy Act of 2005 relative to the resource obligations
DATES: (1) Comments on the proposed (EPAct 2005) section 1252(e)(3) 2 will be of any load-serving entity,
survey questions should be filed held. Comments on the survey are due transmission provider, or
December 5, 2005. by December 5, 2005. The date, location, transmitting party; and
(2) Requests to participate in the and agenda of the conference will be (F) Regulatory barriers to improved
technical conference are due December announced in a subsequent notice. customer participation in demand
5, 2005. Those wishing to participate in the response, peak reduction and
(3) Comments on the proposed technical conference should notify critical period pricing programs.
technical conference topics are due Commission staff by December 5, 2005. 3. A survey is proposed to obtain the
December 19, 2005. Finally, comments on the demand needed information on meter saturation
response issues addressed in the statute and penetration. With respect to the
ADDRESSES: Comments may be filed
are due by December 19, 2005. These other issues the Commission must
electronically via the eFiling link on the
address in the report, input from state
1 Energy Policy Act of 2005, Pub. L. 109–58, 2 Energy Policy Act of 2005, Pub. L. 109–58, regulators and members of the industry
§ 1252(e)(3), 119 Stat. 594, (2005) (EPAct section § 1252(e)(3), 119 Stat. 594, (2005) (EPAct section will enhance its ability to present a
1252(e)(3)). 1252(e)(3)). comprehensive and well informed

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