**Performance Report for the 2016-2017 Award Year**. Due:  September 30, 2017

**Interest Rates for 2016-2017**

| Background | Performance Reporting | Interest Rates |
|-----------------------------------------------------|

### Background

Under the Paul Douglas Teacher Scholarships Program, the Department of Education issued grants to the states to provide scholarships to outstanding secondary school graduates who demonstrated an interest in teaching careers at the pre-school, elementary, or secondary level. The repealed program regulations allowed the Department to require any reports deemed necessary to make certain that the functions of the Paul Douglas Program were carried out. Section 80.40(b)(1) of the Education Department General Administrative Regulations (EDGAR) states that "…grantees shall submit annual performance reports…." The information collection in this performance ensures that state education agencies are monitoring the fulfillment of the scholarship obligations by former Douglas scholars in accordance with legislation and regulations that governed the Paul Douglas Teacher Scholarship Program when the scholarships were granted.

### Reporting Requirements

The Paul Douglas Teacher Scholarship Program was authorized under Title V Part C, Subpart 1 of the Higher Education Act of 1965, as amended (20 U.S.C. 1104 through 1104K) and administered under 34 CFR Part 653. Both the program statute and regulations have long since been repealed.

However, the repealed program regulations allowed the Department to require any reports deemed necessary to make certain that the functions of the Paul Douglas Program were carried out. Section 80.40(b)(1) of the Education Department General Administrative Regulations (EDGAR) states that "…grantees shall submit annual performance reports…"

Therefore, each of the former participating state education agencies must provide information on the annual performance report to demonstrate compliance with the program's statutory and regulatory requirements applicable at the time the funds were disbursed.

Letter to program officials, performance report and instructions:
      - Letter to Paul Douglas Program Officials   PDF  (1.08M)
      - Paul Douglas Performance Report Form    Fillable Excel  (43K)
      - Paul Douglas Performance Report Instructions    MS Word  (295K)

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### Interest Rates

Pursuant to Section 653.62(d)(1), the interest charged for the Paul Douglas Teacher Scholarship Program is calculated annually for the twelve-month period extending from July 1 of each year through June 30 of the subsequent year and is set at a rate that is the **greater** of the following rates established pursuant to section 427A of the Higher Education Act (HEA) for the same 12-month period:
      - The rate charged to new borrowers under the Robert T. Stafford Federal Student Loan Program (Title IV, Part B of the HEA).
      - The rate charged to new borrowers under the Federal Supplemental Loans for Students and Federal PLUS Programs (sections 428A and 428B of the HEA respectively) as published annually in the Federal Register.
      - Interest Rates for the Paul Douglas Teacher Scholarship Program: 2016-2017

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