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					Table A-1.—Federal Family Education Loan (FFEL) program executive summary: FY66–FY00

                                                                       FY66-85     FY86       FY87       FY88     FY89       FY90        FY91       FY92       FY93       FY94       FY95       FY96       FY97       FY98       FY99       FY00       Cumulative
                                                                                                                                                (In 000,000's unless otherwise noted)
Loan volume commitments (excludes consolidations)
                   Number of loans (in 000's)                            31,443     3,610      3,876      4,513    4,713         4,493    4,818      5,130      5,647      6,745      5,869      5,336      5,681      5,809      5,859      6,333       109,875
                   Dollar amount                                        $59,086    $8,570     $9,736 $11,816 $12,466 $12,291 $13,500 $14,749 $17,863 $23,068 $20,951 $19,728 $21,659 $22,497 $23,324 $25,656                                            $316,959
                   Actual average loan (in units)                             —     2,374      2,512      2,618    2,645         2,734    2,804      2,875      3,163      3,420      3,570      3,697      3,810      3,872      3,959      4,051

Defaults
                   FISLP/guaranty agency payments
                     to lenders                                          $4,271    $1,358     $1,350     $1,454   $2,037     $2,680      $3,223     $2,655     $2,497     $2,402     $2,293     $2,662     $2,990     $2,943     $2,027     $2,102       $38,945

Federal outlays
      To lenders
                   Interest benefits                                     $8,356    $1,572     $1,565     $1,519   $1,513     $1,512      $1,688     $2,056     $1,706     $2,082     $2,186     $2,688     $2,437     $2,397     $2,323     $2,240       $37,840
                   Special allowance                                       8,989      910       482        682     1,445         1,425     972         231       107        145         615       390        249        268        222       1,358         18,490
                   Death and disability claims                               122        32       34         39         46          57       62          94       101        118         150       168        187        193        235        213           1,851
                   Bankruptcy claims                                         145        38       34         10           6          9       13          94       279         26             4      45         97        106        135         85           1,126
                   FISLP default claims                                    1,115        80       31         20         19          17       17          12            9          7          6          8       —          —          —          —           1,340
      To guaranty agencies
                 Administrative cost allowance                             $304      $120       $92       $104      $133         $133     $105        $145      $177       $312       $221       $167       $150       $170       $102          —          $2,435
                 Loan Processing & Issuing Fee                                —         —         —          —         —            —        —          —          —          —          —          —          —          —          —        $93             93
                 Account Maintenance Fee                                      —         —         —          —         —            —        —          —          —          —          —          —          —          —       $188       $204            392
                   Loan advances                                             189        16        —          —         —            —        —          —          —          —          —          —          —          —          —          —            205
                   Reinsurance default claims                              2,943    1,269      1,186      1,379    1,847         2,484    3,245      3,031      2,674      2,408      2,367      2,788      3,231      3,096      2,494      2,189         38,631
                 Refund of excess reserves                                    —         —         —          —         —            —        —             8      14          —          —          —          —          —          —          —             22
       Collections cost *
             Collections cost                                              $101       $10       $17        $23       $15          $11      $12         $12        $8        $50       $119       $138        $79        $51        $88        $97           $831
Total FFEL program outlays                                               22,264     4,047      3,441      3,776    5,024         5,648    6,114      5,683      5,075      5,148      5,667      6,392      6,430      6,281      5,787      6,479      $103,256

Federal income/receipts
                 FISLP insurance premium                                     $42        —         —          —         —            —        —          —          —          —          —          —          —          —          —          —            $42
                 FISLP collections                                           396        73       93         76         70          51       43          33        43         44          47        55             0          0          0          0        1,024
                 Guaranty agency reimbursements                              462      205       265        286       353          382      368         449       534        466         808       904       1,045      1,367      1,378      1,400         10,672
                 Advances returned                                            26          9          7      82         16          14           7          2          1          0          0          0          0          0          0          0         164
                 Excess reserves                                              —         —         —         11       127           34           1          0          0          0          0          0          0          0          0          0         173
                 Reinsurance fees                                             —         —         —         46         51          42       30          49        33         45             3          0          0          0          0          0         299
                 Origination and other fees                                1,039      336       322        341       341          395      441         422       510       1,103      1,066       986        754        799        839        941          10,635
                 IRS offset - DCS assigned loans                              —         56       30         21         13          19       12          22        35        211         236       216        231        263        452        411           2,228
                 IRS offset - GA                                              —         36       75        112       146          216      327         466       415        383         327       319        273        364        570        482           4,511
                 Mandatory assign. coll.                                      —         —         —          —         —            5       11          29        79        265         569       799        467        428        612        665           3,929
                 Rehabilitation loans                                         —         —         —          —           1          2           6          6          3          0       27        16          —          —          —          —             61
    Total federal income/receipts                                          1,965      715       792        975     1,118         1,160    1,246      1,478      1,653      2,517      3,083      3,295      2,770      3,221      3,851      3,899       $33,738
Cash outlays over receipts                                               20,299     3,332      2,649      2,801    3,906         4,488    4,868      4,205      3,422      2,631      2,585      3,097      3,660      3,060      1,936      2,580       $69,518


—Not applicable.
*
    Costs from FY86 through FY00 include FFEL program and FISLP.

NOTES: Rehabilitation loans are included in the figures shown for guaranty agency reimbursements. Details may not add to total due to rounding.
            Calculations are based on numbers before rounding. 0 indicates a number less than 500,000. Corresponds to table 1.

SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data.

				
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