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Interest Rates on Overdue and Delinquent Debts

4150-04 Notice of Interest Rate on Overdue Debts

Section 30.18 of the Department of Health and Human Services' claims collection regulations (45 CFR Part 30) provides that the Secretary shall charge an annual rate of interest, which is determined and fixed by the Secretary of the Treasury after considering private consumer rates of interest on the date that the Department of Health and Human Services becomes entitled to recovery. The rate cannot be lower than the Department of Treasury's current value of funds rate or the applicable rate determined from the "Schedule of Certified Interest Rates with Range of Maturities" unless the Secretary waives interest in whole or part, or a different rate is prescribed by statute, contract, or repayment agreement. The Secretary of the Treasury may revise this rate quarterly. The Department of Health and Human Services publishes this rate in the Federal Register.

The current rate of 9 3/4 %, as fixed by the Secretary of the Treasury, is certified for the quarter ended June 30, 2015. This rate is based on the Interest Rates for Specific Legislation, “National Health Services Corps Scholarship Program (42 USC 254o(b)(1)(A))” and “National Research Service Award Program (42 USC 288(c)(4)(B)).”  This interest rate will be applied to overdue debt until the Department of Health and Human Services publishes a revision.

Director, Office of Financial Policy and Reporting
David C. Horn
(202) 260-9658
Updated: July 31, 2015

Chronological Listing of Rates:

Treasury Certification

HHS Application

Rate

April - June 2015 July – September 2015 93/4 %
January - March 2015 April – June 2015 97/8 %
October - December 2014 January – March 2015 101/2 %
 

Treasury Certification

HHS Application

Rate

July – September 2014 October – December 2014 103/4 %
April – June 2014 July – September 2014 95/8 %
January - March 2014 April – June 2014 101/8 %
October - December 2013 January – March 2014 101/8 %
 

Treasury Certification

HHS Application

Rate

July – September 2013 October – December 2013 101/8 %
April – June 2013 July – September 2013 103/8 %
January – March 2013 April – June 2013 101/8 %
October - December 2012 January - March 2013 105/8 %
 

Treasury Certification

HHS Application

Rate

July – September 2012 October – December 2012 103/8 %
April – June 2012 July – September 2012 11%
January – March 2012 April – June 2012 107/8 %
October – December 2011 January – March 2012 101/2 %
 

Treasury Certification

HHS Application

Rate

July – September 2011 October – December 2011 107/8 %
April – June 2011 July – September 2011 111/2 %
January - March 2011 April – June 2011 11%
October - December 2010 January – March 2011  11%
 

Treasury Certification

HHS Application

Rate

October - December 2009 January – March 2010  111/4%
January - March 2010 April – June 2010 107/8%
April - June 2010 July – September 2010  11%
July - September 2010 October - December 2010 10 3/4%
 

Treasury Certification

HHS Application

Rate

October – December 2008 January – March 2009 113/8%
January – March 2009 April – June 2009 11%
April – June 2009 July – September 2009 111/4%
July – September 2009 October – December 2009 107/8%
 

Treasury Certification

HHS Application

Rate

September - December 2007 January – March 2008 121/8%
January - March 2008 April - June 2008 113/8%
April - June 2008 July - September 2008 111/8%
July - September 2008 October - December 2008 113/8%
 

Treasury Certification

HHS Application

Rate

October - December 2006 January - March 2007 121/2%
January - March 2007 April - June 2007 123/8%
April - June 2007 June - September 2007 125/8%
June - September 2007 September - December 2007 121/2%
 

Treasury Certification

HHS Application

Rate

October - December 2005 January - March 2006 117/8%
January - March 2006 April - June 2006 121/8%
April - June 2006 July - September 2006 125/8%
July - September 2006 October - December 2006 123/8%
 

Treasury Certification

HHS Application

Rate

October - December 2004 January - March 2005 117/8%
January - March 2005 April - June 2005 12%
April - June 2005 July - September 2005 12%
July - September 2005 October - December 2005 121/4%
 

Treasury Certification

HHS Application

Rate

October - December 2003 January - March 2004 12%
January - March 2004 April - June 2004 117/8%
April - June 2004 July - September 2004 113/4%
July-September 2004 October - December 2004 12%
 

Treasury Certification

HHS Application

Rate

October - December 2002 January - March 2003 103/4%
January - March 2003 April - June 2003 115/8%
April - June 2003 July - September 2003 121/8%
July - September 2003 October - December 2003 12%
 

Treasury Certification

HHS Application

Rate

October - December 2001 January - March 2002 125/8%
January - March 2002 April - June 2002 113/4%
April - June 2002 July - September 2002 125/8%
July - September 2002 October - December 2002 111/4%
 

Treasury Certification

HHS Application

Rate

October - December 2000 January - March 2001 141/8%
January - March 2001 April - June 2001 133/4%
April - June 2001 July - September 2001 131/4%
July - September 2001 October - December 2001 131/4%
 

Treasury Certification

HHS Application

Rate

October - December 1999 January - March 2000 131/2%
January - March 2000 April - June 2000 133/4%
April - June 2000 July - September 2000 137/8%
July - September 2000 October - December 2000 137/8%

 

Also see FY1989-1999 Interest on Overdue and Delinquent Debt

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Content created by Assist. Sec./Financial Resources - Office of Finance
Content last reviewed on August 28, 2015