The Consolidated Appropriations Act of 2012 amended the Higher Education Act to allow lenders or beneficial owners of FFEL Program loans to substitute the 1-month London Inter Bank Offered Rate (LIBOR) for the 3-month commercial paper rate for the purposes of Special Allowance Payment calculations on certain FFEL Program loans.
You have selected premium content. Please log in to access this content.
Forgot your password? Click here.
Don't have a myNASFAA account? Create yours now. You don't need to be a NASFAA member.
Open the doors to success for yourself and for your students! Join NASFAA and receive full member access to premium content.
Request free trial access to the website and Today's News.