FFELP Loans Eligible for 9.5-Percent Minimum Special Allowance Rate

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FFELP Loans Eligible for 9.5-Percent Minimum Special Allowance Rate

The U.S. Department of Education recently released Dear Colleague Letter FP-07-01. The letter addresses the requirements regarding whether a loan made or acquired with funds derived from tax-exempt financing sources is eligible for the 9.5-percent minimum special allowance.