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Federal Student Loan Programs Data Book Office of Postsecondary Education Policy, Planning, and Innovation Fiscal Years 1997-2000 Federal Student Loan Programs Data Book Office of Postsecondary Education Policy, Planning, and Innovation Policy, Budget and Analysis Staff Policy and Budget Development Unit Donald Conner Fiscal Years 1997-2000 U.S. Department of Education Rod Paige Secretary Office of Postsecondary Education Sally L. Stroup Assistant Secretary for Postsecondary Education Policy & Budget Development Unit David Bergeron Chief April 2002 This report is in the public domain. Authorization to reproduce it in whole or in part is granted. While permission to reprint this publication is not necessary, the citation should be: U.S. Department of Education, Office of Postsecondary Education, Office of Policy, Planning & Innovation, Federal Student Loan Programs Data Book, Fiscal Years 1997-2000, Washington, D.C., 2002. To order copies of this report, write to: ED Pubs, Education Publications Center, U.S. Department of Education, P.O. Box 1398, Jessup, MD 20794-1398; or fax your request to: (301) 470-1244; or email your request to: edpubs@inet.ed.gov. or call in your request toll-free: 1-877-433-7827 (1-877-4-ED-PUBS). If 877 service is not yet available in your area, call 1-800-872-5327 (1-800-USA-LEARN). Those who use a telecommunication device for the deaf (TDD) or a teletypewriter (TTY) should call 1-800-437-0833. or order online at: www.ed.gov/pubs/edpubs.html. This report is also available on the Department’s Web site at: www.ed.gov/offices/OPE/Data. ii Federal Student Loan Programs Data Book I FY 1997-FY 2000 Foreword The FY 1997-FY 2000 Federal Student Loan Programs Data Book (the Data Book) presents information on two major federal loan programs: the Federal Family Education Loan (FFEL) program and the William D. Ford Federal Direct Loan Program (FDLP). This publication is one of a number of publications produced by the staff of the Office of Policy, Planning, and Innovation (PPI), Policy, Budget and Analysis staff. The Data Book is designed to provide information on borrower and lender activity. As its name suggests the Data Book provides a myriad of factual and statistical data on the various FFEL program and the FDLP loan components that includes: Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS) and the Consolidation loan programs. The FY 1997-FY 2000 Data Book is a continuation of data presented in earlier publications. The previous edition, published in summer of 1997, contained data through FY 1996. The current edition presents new information for FY 1997, FY 1998, FY 1999 and FY 2000. Like earlier editions, the FY 1997-FY 2000 Data Book continues to include cumulative loan volume commitment data and loan portfolio data for the FFEL program. Comparable data for the FDLP is presented, where available. The data presented in this Data Book follows the format of the previous edition. First, the tables and graphs were created to stand alone and not require a lot of narrative interpretation. Second, since several tables in this edition contain cumulative data starting at the beginning of a particular loan program, the cumulative data appears in an appendix. For example, the Stafford Subsidized Loan program began more than 30 years ago. Therefore, cumulative data for this program since its inception is provided in Appendix I. All FY 1990FY 2000 data and related discussion appear in the body of the Data Book. The information contained in this publication is also available at the PPI Web site. This site contains other useful information such as the FFEL Program Quarterly Loan Volume Update, the Direct Loan Quarterly Loan Volume Update and other pertinent information. Data Books for other Title IV programs are also available on the Web site. The Web site address is: http://www.ed.gov/offices/OPE/Data Questions and comments regarding the contents of this publication should be directed to: Donald Conner Management/Program Analyst U.S. Department of Education Office of Postsecondary Education 1990 K Street, N.W. Washington, DC 20006 email: donald.conner@ed.gov (202) 502-7818 Federal Student Loan Programs Data Book I FY 1997-FY 2000 iii Acknowledgments The author and the Policy & Budget Development Unit express our sincere appreciation and thanks to the knowledgeable colleagues whose valuable contributions helped make the production of this edition of the FY 1997-FY 2000 Federal Student Loan Programs Data Book a success. I would especially like to thank Greg Senseney, from the Financial Partners Channel in Federal Student Aid (FSA). Greg collected and provided data and contributed expert advice on several tables included in this publication. I would also like to thank David Morgan also of FSA. The Office of Postsecondary Education would also like to thank the Human Services staff of Westat for producing the Data Book. Although Beth Sinclair and Patricia Troppe co-managed the preparation of the Data Book and proofed the data tables, text, and graphs, numerous other Westat staff also contributed to this effort. Federal Student Loan Programs Data Book I FY 1997-FY 2000 v Table of Contents Foreword . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii Acknowledgments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v List of Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ix List of Appendix Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xiv List of Figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xvii Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Part I – FFEL Program and FDLP Summary Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Part II – FFEL Program and FDLP Loan Volume Commitments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Part III – FDLP and FFEL Program Dollars Outstanding and Guaranty Agency Characteristics . . . . . . . . 167 Part IV – FFEL Program and FDLP Defaults and Collections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185 Part V – Appendices Appendix I: Tables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-1 Appendix II. Legislative History . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . II-1 Appendix III. Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . III-1 Federal Student Loan Programs Data Book I FY 1997-FY 2000 vii List of Tables Part I – FFEL Program and FDLP Summary Information Table 1 Table 2 Federal Family Education Loan (FFEL) program executive summary: FY 1966-FY 2000 . . . . . 11 Federal Direct Loan Program (FDLP) cash flow as of September 30th: FY 1994-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Federal Direct Loan program (FDLP) portfolio status as of September 30th: FY 1994-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Federal Family Education Loan (FFEL) program and Federal Direct Loan Program (FDLP) comparison of committed loan volume: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Table 3 Table 4 Part II – FFEL Program and FDLP Loan Volume Commitments Table 5 Federal Family Education Loan (FFEL) program annual and cumulative commitments, by loan program type: FY 1966-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Federal Direct Loan Program (FDLP) annual and cumulative commitments, by loan program type: FY 1994-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized loans, by type of institution: FY 1990-FY 2000. . . . . . . . 34 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Unsubsidized loans, by type of institution: FY 1993-FY 2000 . . . . . 37 Federal Family Education Loan (FFEL) program number of borrowers and dollar amounts of Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1990-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), and Supplemental Loan for Students (SLS) loans, by type of institution: FY 1990-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . 46 Federal Direct Loan Program (FDLP) number of loans and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . 52 Table 6 Table 7 Table 8 Table 9 Table 10 Table 11 Table 12 Federal Student Loan Programs Data Book I FY 1997-FY 2000 ix List of Tables (continued) Table 13 Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by academic level: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Student (PLUS) loans, by academic level: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 Federal Family Education Loan (FFEL) program top 100 originators: FY 1997-FY 2000 . . . . . 64 Federal Family Education Loan (FFEL) program top 100 current holders of loans as of September 30, 2000, September 30, 1999, September 30, 1998 and September 30, 1997. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . 72 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized loans, by guaranty agency: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . 75 Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . 81 Federal Family Education Loan (FFEL) program loan volume commitments for Consolidation loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . 85 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000. . . . . . . . 91 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 . . . . . 97 Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103 Table 14 Table 15 Table 16 Table 17 Table 18 Table 19 Table 20 Table 21 Table 22 Table 23 Table 24 Table 25 x Federal Student Loan Programs Data Book I FY 1997-FY 2000 List of Tables (continued) Table 26 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000. . . . . . . . . . . . 109 Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118 Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000. . . . . . . 119 Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 . . . . 125 Federal Direct Loan Program (FDLP) loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131 Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 137 Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized loans, by state: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145 Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Unsubsidized loans, by state: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . 147 Federal Direct Loan Program (FDLP) loan volume commitments for Parent Loans for Undergraduate Students (PLUS) loans, by state: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . 149 Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by state: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151 Federal Direct Loan Program (FDLP) annual and cumulative Consolidation volume: FY 1995-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154 Combinations of Federal Family Education Loan (FFEL) program participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156 Combinations of Federal Family Education Loan (FFEL) program participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 157 Table 27 Table 28 Table 29 Table 30 Table 31 Table 32 Table 33 Table 34 Table 35 Table 36 Table 37 Table 38 Federal Student Loan Programs Data Book I FY 1997-FY 2000 xi List of Tables (continued) Table 39 Combinations of Federal Family Education Loan (FFEL) program participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158 Combinations of Federal Family Education Loan (FFEL) program participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159 Federal Direct Loan Program (FDLP) combinations of participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . 163 Table 40 Table 41 Part III – FDLP and FFEL Program Dollars Outstanding and Guaranty Agency Characteristics Table 42 Table 43 Weekly average 91-day Treasury Bill (bond equivalent) rates, by quarter: FY 1986-FY 2000. . 170 Federal Direct Loan Program (FDLP) estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1997-FY 2000 . . . . . . . . . 172 Federal Family Education Loan (FFEL) program estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1990-FY 2000 . . . . . . . . . 175 Sallie Mae loan purchases and warehousing advances: Calendar years 1973-00 . . . . . . . . . . . . 176 Federal Family Education Loan (FFEL) program designated guarantor, organizational type, and agency name, by state: Status as of September 30, 2000 . . . . . . . . . . 179 Federal Family Education Loan (FFEL) program cumulative cash reserves and reserve ratio, by guaranty agency: As of September 30, 1997 and September 30, 1998. . . . . . . 181 Federal Family Education Loan (FFEL) program federal, operating, and restricted funds, by guaranty agency: As of September 30, 1999 and September 30, 2000. . . . . . . . . . . . . . . . . . 183 Table 44 Table 45 Table 46 Table 47a Table 47b Part IV – FFEL Program and FDLP Defaults and Collections Table 48 Federal Family Education Loan (FFEL) program guaranty agency reinsurance agreement default status: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188 Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1986-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192 Table 49 xii Federal Student Loan Programs Data Book I FY 1997-FY 2000 List of Tables (continued) Table 50 Federal Direct Loan Program (FDLP) annual and cumulative default dollars and collections: FY 1995-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198 Federal Family Education Loan (FFEL) program and Federal Direct Loan Program (FDLP) institutional default reduction initiative comparison of cohort default rates: FY 1994-FY 1999. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 Federal Family Education Loan (FFEL) program cohort default rate for guaranty agencies: FY 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 203 Federal Family Education Loan (FFEL) program cohort default rate for guaranty agencies: FY 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 204 Federal Family Education Loan (FFEL) program cohort default rate for guaranty agencies: FY 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205 Federal Family Education Loan (FFEL) program default dollars paid to lenders for Stafford Subsidized loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . 208 Federal Family Education Loan (FFEL) program default dollars paid to lenders for Stafford Unsubsidized loans, by guaranty agency: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . 209 Federal Family Education Loan (FFEL) program default dollars paid to lenders for Parent Loans for Undergraduate Student (PLUS) loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210 Federal Family Education Loan (FFEL) program default dollars paid to lenders for Supplemental Loan for Students (SLS) loans, by guaranty agency: FY 1997-FY 2000 . . . . 211 Federal Family Education Loan (FFEL) program default dollars paid to lenders for Consolidation loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . 212 Federal Family Education Loan (FFEL) program default dollars paid to lenders for Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), Supplemental Loan for Students (SLS), and Consolidation loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 213 Federal Family Education Loan (FFEL) program collections on defaulted loans for Stafford Subsidized loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . 216 Federal Family Education Loan (FFEL) program collections on defaulted loans for Stafford Unsubsidized loans, by guaranty agency: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . 217 Table 51 Table 52a Table 52b Table 52c Table 53 Table 54 Table 55 Table 56 Table 57 Table 58 Table 59 Table 60 Federal Student Loan Programs Data Book I FY 1997-FY 2000 xiii List of Tables (continued) Table 61 Federal Family Education Loan (FFEL) program collections on defaulted loans for Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218 Federal Family Education Loan (FFEL) program collections on defaulted loans for Supplemental Loan for Students (SLS) loans, by guaranty agency: FY 1997-FY 2000 . . . . 219 Federal Family Education Loan (FFEL) program collections on defaulted loans for Consolidation loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . 220 Federal Family Education Loan (FFEL) program collections on defaulted loans for Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), Supplemental Loan for Students (SLS), and Consolidation loans, by guaranty agency: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 221 Table 62 Table 63 Table 64 Part V – Appendix Tables Table A-1 Table A-5 Federal Family Education Loan (FFEL) program executive summary: FY 1966-FY 2000. . . . . I-3 Federal Family Education Loan (FFEL) program annual and cumulative commitments, by loan program type: FY 1966-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-4 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized loans, by type of institution: FY 1968-FY 2000 . . . . . . . . . . . . . . . . . . . I-7 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1981-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-8 Table A-7 Table A-9 Table A-10 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), and Supplemental Loan for Students (SLS) loans, by type of institution: FY 1986-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-9 Table A-10 Supplemental Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Supplemental Loan for Students (SLS) loans, by type of institution: FY 1982-FY 1994 . . . I-10 Table A-11 Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1994-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-11 xiv Federal Student Loan Programs Data Book I FY 1997-FY 2000 List of Tables (continued) Table A-12 Federal Direct Loan Program (FDLP) number of loans and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1994-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . I-13 Table A-13 Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS) loans, by academic level: FY 1994-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . I-14 Table A-15 Federal Family Education Loans (FFEL) program annual number of active lenders: FY 1966-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-16 Table A-42 Weekly average 91-day Treasury Bill (bond equivalent) rates, by quarter: FY 1977-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-17 Table A-44 Federal Family Education Loan (FFEL) program estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1979-FY 2000 . . . . . . . . . I-18 Table A-45 Sallie Mae loan purchases and warehousing advances: Calendar years 1973-00 . . . . . . . . . . . I-20 Table A-49 Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1966-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-21 Federal Student Loan Programs Data Book I FY 1997-FY 2000 xv List of Figures Figure 1 Federal student loan program (FFEL program and FDLP combined) commitments: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Part I – FFEL Program and FDLP Summary Information Figure 2 Figure 3 Figure 4 Federal Family Education Loan (FFEL) program commitments: FY 1990-FY 2000 . . . . . . . . . 12 Federal Direct Loan Program (FDLP) commitments: FY 1994-FY 2000. . . . . . . . . . . . . . . . . . . 17 Federal Direct Loan Program (FDLP) loan volume as a percent of total student loan volume for both the Federal Family Education Loan (FFEL) program and FDLP: FY 1997-FY 2000 . . 22 Part II – FFEL Program and FDLP Loan Volume Commitments Figure 5 Federal Family Education Loan (FFEL) program annual commitments, by loan program type: FY 1990-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Federal Direct Loan Program (FDLP) annual commitments, by loan program type: FY 1994-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Percentage distribution of Federal Family Education Loan (FFEL) program dollars, by type of institution: FY 1990-FY 2000 (Stafford Subsidized) . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Percentage distribution of Federal Family Education Loan (FFEL) program dollars, by type of institution: FY 1990-FY 2000 (Stafford Unsubsidized) . . . . . . . . . . . . . . . . . . . . . . . . 38 Percentage distribution of Federal Family Education Loan (FFEL) program dollars, by type of institution: FY 1990-FY 2000 (PLUS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Percentage distribution of Federal Family Education Loan (FFEL) program dollars, by type of institution: FY 1990-FY 2000 (FFEL program total) . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Percentage distribution of Federal Direct Loan Program (FDLP) dollars, by type of institution: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Percentage distribution of Federal Direct Loan Program (FDLP) borrowers, by type of institution: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Percentage distribution of Federal Direct Loan Program (FDLP) loans, by type of institution: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 Percentage distribution of Federal Direct Loan Program (FDLP) dollars, by academic level: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 Figure 6 Figure 7 Figure 8 Figure 9 Figure 10 Figure 11 Figure 12 Figure 13 Figure 14 Federal Student Loan Programs Data Book I FY 1997-FY 2000 xvii List of Figures (continued) Figure 15 Percentage distribution of Federal Family Education Loan (FFEL) dollars, by academic level: FY 1997-FY 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 Federal Family Education Loan (FFEL) program loan volume commitments, by loan program type: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83 Federal Family Education Loan (FFEL) program loan volume commitments, for Consolidation loans: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 Federal Family Education Loan (FFEL) program total loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS), borrowers, by state: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114 Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS), borrowers, by state: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142 Federal Direct Loan Program (FDLP) loan volume commitments, by loan program type: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153 Percentage distribution of the Federal Family Education Loan (FFEL) program dollar combinations among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate (PLUS) borrowers: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160 Percentage distribution of Federal Direct Loan Program (FDLP) dollar combinations among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 164 Figure 16 Figure 17 Figure 18 Figure 19 Figure 20 Figure 21 Figure 22 Part III – FDLP and FFEL Program Dollars Outstanding and Guaranty Agency Characteristics Figure 23 Figure 24 Figure 25 Weekly average 91-day Treasury Bill (bond equivalent) rates, by quarter: FY 1990-FY 2000. . 170 Federal Direct Loan Program (FDLP) estimated dollars outstanding: FY 1997-FY 2000. . . . . 172 Federal Family Education Loan (FFEL) program estimated dollars outstanding: FY 1990-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174 Sallie Mae student loan purchases and Federal Family Education Loan (FFEL) program dollars: Calendar years 1990-2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 177 Figure 26 xviii Federal Student Loan Programs Data Book I FY 1997-FY 2000 List of Figures (continued) Part IV – FFEL Program and FDLP Defaults and Collections Figure 27 Federal Family Education Loan (FFEL) program guaranty agency reinsurance agreement default status: FY 1997-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 190 Federal Family Education Loan (FFEL) program annual defaults and collections: FY 1990-FY 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 194 Federal Direct Loan Program (FDLP) annual default and collections: FY 1996-FY 2000 . . . . 198 Federal Family Education Loan (FFEL) program and Federal Direct Loan Program (FDLP) institutional default rates, by type of institution: FY 1994-FY 1999. . . . . . . . . . . . . . . . . . . . . . 201 Figure 28 Figure 29 Figure 30 Federal Student Loan Programs Data Book I FY 1997-FY 2000 xix Introduction Introduction The federal student financial assistance programs are administered by the Federal Student Aid (FSA) office within the U.S. Department of Education. These programs provide funds to help students meet postsecondary education costs. Often referred to as “Title IV programs” because the authorizing legislation is written in Title IV of the Higher Education Act, FSA programs include loans, grants, and work-study programs. FSA programs include Federal Pell Grants, Federal Perkins Loans, Supplemental Educational Opportunity Grants (SEOG), the Federal Work-Study Program, the Federal Family Education Loan (FFEL) program, and the William D. Ford Federal Direct Student Loan Program (FDLP). The Data Book focuses on two of the FSA programs, the FFEL program and the FDLP. These two programs are of particular interest because they are structured as entitlement programs. Under the FFEL program, the entitlements accrue to lenders and guaranty agencies, while under the FDLP, entitlements accrue to individual borrowers. This special status as an entitlement program explains some of the spectacular growth of the FFEL program and the FDLP. While the FFEL program began in FY 1966 and the FDLP began in FY 1994, both programs have grown rapidly. The quantitative data that have been assembled in the Data Book reflect this growth and are of interest to state officials, Congress, federal officials, postsecondary educational institutions, guaranty agencies, lenders, parents, students, researchers, and policymakers. The FFEL program was known formerly as the Guaranteed Student Loan (GSL) program. The GSL program, originally authorized in the Higher Education Act of 1965, empowered state and private nonprofit agencies to guarantee student loans and to establish loan insurance for lenders who did not have access to state or private nonprofit agencies. The GSL program, renamed the FFEL program in the Higher Education Amendments of 1992, has experienced enormous growth. Cumulative loan volume increased from $102 billion and 48 million loans at the end of FY 1989 to $317 billion and 110 million loans guaranteed at the end of FY 2000. The Federal Direct Loan Demonstration Program was first authorized by the Higher Education Amendments of 1992 as a pilot program. This program, which eventually became the FDLP, was designed to improve the delivery of loans to postsecondary education students in need of financial assistance. The FDLP, authorized by the Student Loan Reform Act of 1993 as part of the Omnibus Reconciliation Act of 1993, has grown rapidly in the short time it has been operational. For example, during FY 1995, FDLP’s first full fiscal year of activity, the program committed $5.1 billion through 1.3 million loans. By FY 2000, FDLP loan volume increased more than 130 percent to $11.8 billion, while the number of loans more than doubled to 3.1 million. In order to understand the data presented in this publication, it is important to know that the FFEL program and the FDLP comprise the same loan program types: the Federal Stafford Loans (Subsidized and Unsubsidized) and Parent Loans for Undergraduate Students (PLUS) loans. The Stafford Subsidized Loan is awarded on the basis of the borrower’s financial need, while the Stafford Unsubsidized Loan is not based on need. The PLUS loan is designed for parents who take out loans on behalf of dependent students. In addition, both the FFEL program and FDLP offer Consolidation loans. It is important to note that the Supplemental Loan to Students (SLS) program, established in 1981 under the FFEL program, was replaced by the FFEL Stafford Unsubsidized loan program in FY 1994. Thus, the SLS program, while previously a component of the FFEL program, has never been a component of the FDLP. Federal Student Loan Programs Data Book I FY 1997-FY 2000 1 Although the FFEL program and the FDLP share similar program components, each disburses funds differently. FFEL program loans are made through private lenders while FDLP loans are disbursed directly from the U.S. government to postsecondary institutions. Eligible postsecondary institutions may choose to provide borrowers access to federally supported loans through the FFEL program or the FDLP, but not both. Recent legislative activity has had an effect on borrower repayment activity for FFEL program and FDLP loans. For example, the Higher Education Amendments of 1998 lengthened the amount of time before a loan falls into default, extended repayment options for borrowers with large debt amounts, and instituted new loan forgiveness provisions for borrowers who become teachers. Interested readers are encouraged to reference the legislative history section in appendix II of this book for additional information. Data Organization The data assembled for this edition of the Data Book are from various sources. The primary source is the U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System (NSLDS), a live database of loan records. Other data have been assembled from data collected through the ED Form 1189, ED Form 1130, ED Form 799, Direct Loan/Loan Origination System, U.S. Department of Treasury, Sallie Mae Annual Report, and Financial Partners Channel records. It is important to note that data for the FDLP are limited to seven fiscal years (FY 1994-FY 2000). All other loan programs are clearly marked to indicate the time period in which the program was operational. Where data is not available, a notation appears in the footnote. Loan volume commitments (dollars and loans) represent commitments by guaranty agencies for the FFEL program. For the FDLP, loan volume commitments (dollars and loans) are listed by state. The publication presents FFEL program and FDLP data by program component (loan program type) and as a FFEL program total or FDLP total. Electronic copies of the data presented in these tables will be available through the Web site at http:// www.ed.gov/offices/OPE/PPI. The Office of Policy, Planning and Innovation publishes data on other Title IV programs. Information on the Pell Grant Program can be found in the Title IV/Federal Pell Grant Program End of the Year Report and information on the campus-based programs (Perkins Loans, Federal Work-Study, and the SEOG program) can be found in the Federal Campus Based Programs Data Books. Both documents are available through the website at http://www.ed.gov/offices/OPE/Data/index.html Summary Between FY 1997 and FY 2000, loan volume commitments for the FFEL program and FDLP grew 15 percent from $32.5 billion to $37.5 billion. As illustrated in figure 1, much of this increase occurred between FY 1999 and FY 2000, when combined loan volume commitments jumped by more than $3 billion. From FY 1997 to FY 2000, FFEL program commitments grew from $21.7 billion to $25.7 billion, while FDLP volume grew from $10.9 billion to $11.8 billion. 2 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 1. Federal student loan program (FFEL program and FDLP combined) commitments: FY 1997-FY 2000 Introduction Number of loans 10,000 9,000 8,000 7,000 Loans (in 000’s) 6,000 5,000 4,000 3,000 2,000 1,000 0 5,681 5,809 5,859 6,333 FDLP FFEL Program 2,998 3,078 2,957 3,066 FY97 FY98 Fiscal year FY99 FY00 SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System and Direct/Loan Origination System. Dollar amount $40,000 $11,833 $11,125 $10,703 35,000 $10,918 30,000 Dollars (in 000,000’s) 25,000 $22,497 $23,324 $25,656 $21,659 FDLP FFEL Program 20,000 15,000 10,000 5,000 0 FY97 FY98 Fiscal year FY99 FY00 SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System and Direct/Loan Origination System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 3 Data Book Organization The Loan Programs Data Book is organized to help readers who want summary information and/or detailed program information. The core of the volume consists of 64 tables, text summarizing highlights of the data in each table, and graphs or charts, as required to assist readers. This edition also contains a legislative history of the FFEL program and FDLP and a glossary of nearly 100 terms. The 64 tables and companion text are organized into four sections: I I I Part I – FFEL Program and FDLP Summary Information (Tables 1-4) Part II – FFEL Program and FDLP Loan Volume Commitments (Tables 5-41) Part III – FDLP and FFEL Program Dollars Outstanding and Guaranty Agency Characteristics (Tables 42-47b) Part IV – FFEL Program and FDLP Defaults and Collections (Tables 48-64) Part V – Appendices I I The information contained in each table is arranged in the following sequence: I I I Text summarizing data highlights Table of data Graphs (as required) When data are available for FFEL programs in existence prior to FY 1990, the entire data set is presented in a corresponding table that appears in Appendix I. Since some FFEL programs began more than 35 years ago, this cumulative data serves as a historical accounting of FFEL program activity. 4 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Part I FFEL Program and FDLP Summary Information Summary Information Federal Student Loan Programs Data Book I FY 1997-FY 2000 5 Table 1. Federal Family Education Loan (FFEL) program executive summary: FY 1966-FY 2000 This table provides summary information about FFEL program loan volume, defaults, expenditures, and receipts for FY 1966-FY 2000. (See also figure 2 which follows table 1.) Loan volume commitments I Since its inception, 109.9 million loans worth nearly $317.0 billion have been committed through the FFEL program. Approximately 56.2 percent of the loans and 67.9 percent of the dollar volume were committed in FY 1990-FY 2000. Annual FFEL loan volume increased each year from $12.3 billion in FY 1990 to $23.1 billion in FY 1994, but decreased in FY 1995 and FY 1996, to $21.0 and $19.7 billion, respectively. By FY 2000, annual loan volume had grown to $25.7 billion. The number of loans also decreased in FY 1995 and FY 1996 to 5.9 and 5.3 million, respectively, representing a 13.0 and 9.1 percent decrease from prior years. However, by FY 2000, the number of loans increased to 6.3 million. FFEL program annual loan volume commitments reached its highest level in FY 2000 when $25.7 billion were committed through 6.3 million loans. The annual number of FFEL loans reached its highest level in FY 1994 when 6.7 million loans worth $23.1 billion were committed. Between FY 1990-FY 2000, the average loan increased 48.2 percent in current dollars from $2,734 to $4,051. The typical annual increase in average loan amount was between 2.2 and 4.4 percent. But in FY 1993 and FY 1994, the average loan amount increased 10.0 and 8.1 percent, respectively, over prior years. Summary Information I I I I Defaults I Cumulative guaranty agency (GA) payments made on defaulted loans to lenders were $38.9 billion in FY 2000, 73.1 percent of which were made between FY 1990 and FY 2000. Annual GA default payments to lenders fluctuated between a low of $2.0 billion in FY 1999 to a high of $3.2 billion in FY 1991. I Federal outlays Federal outlays include payments made to lenders and guaranty agencies and the cost of collections. Major FFEL program outlays include interest benefits paid to lenders and reinsurance default claims paid to guaranty agencies. These two outlay components accounted for 68.4 percent of all FFEL program outlays in FY 2000. I In FY 1990-FY 2000, the total federal outlays for the FFEL program fluctuated from a low of $5.1 billion in FY 1993 to a high of $6.5 billion in FY 2000. The greatest annual increase occurred in FY 1996 (12.8 percent), while the greatest decrease occurred in FY 1993 (10.7 percent). Federal Student Loan Programs Data Book I FY 1997-FY 2000 7 Table 1. (continued) Federal outlays to lenders Federal outlays to lenders include interest benefits, special allowances, death and disability claims, bankruptcy claims, and Federal Insured Student Loan Program (FISLP) default claims. I Interest benefits paid to lenders was $1.5 billion in FY 1990, grew in every year except FY 1993, and peaked at nearly $2.7 billion in FY 1996. By FY 2000, interest benefits paid to lenders had fallen to $2.2 billion. In FY 2000, interest benefits paid to lenders accounted for 34.6 percent of total federal outlays. (See table A.) After peaking at a level of $615 million in FY 1995, special allowances fluctuated between a high of $390 million in FY 1996 to a low of $222 million in FY 1999. In FY 2000 special allowances spiked at $1.4 billion, an increase of 511.7 percent from FY 1999. In FY 2000, special allowances accounted for 21.0 percent of total federal outlays. (See table A.) Death and disability claims increased each year between FY 1990 and FY 1999 from $57 million to $235 million. In FY 2000, however, death and disability claims decreased 9.4 percent to $213 million. In FY 2000, death and disability claims accounted for 3.3 percent of total federal outlays. (See table A.) Bankruptcy claims fluctuated significantly from FY 1990-FY 2000. Bankruptcy claims grew from $9 million in FY 1990 to a peak of $279 million in FY 1993. Claims then dropped considerably to $26 million in FY 1994. Beginning in FY 1995 bankruptcy claims grew steadily from $4 million to $135 million in FY 1999, and then dropped again to $85 million in FY 2000. In FY 2000, bankruptcy claims accounted for 1.3 percent of total federal outlays. (See table A.) FISLP default claims paid to lenders decreased from $17 million in FY 1990 to $8 million in FY 1996. FISLP default claims were not applicable in FY 1997-FY 2000. I I I I Table A. Federal outlay component as a percent of total federal outlays: FY 1990-FY 2000 (subset of table 1) FY90 Federal outlays To lenders Interest benefits Special allowance Death and disability claims Bankruptcy claims FISLP default claims To guaranty agencies Administrative cost allowance Loan processing & issuing fee Account maintenance fee Loan advances Reinsurance default claims Refund of excess reserves Collections cost* Total federal program outlays — Not applicable. * Costs from FY90 through FY00 include FFEL program and FISLP. NOTES: Details may not add to total due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. FY91 FY92 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 26.8% 25.2 1.0 0.2 0.3 2.4 — — — 44.0 — 0.2 100.0 27.6% 15.9 1.0 0.2 0.3 1.7 — — — 53.1 — 0.2 100.0 36.2% 4.1 1.7 1.7 0.2 2.6 — — — 53.3 0.1 0.2 100.0 33.6% 2.1 2.0 5.5 0.2 3.5 — — — 52.7 0.3 0.2 100.0 40.4% 2.8 2.3 0.5 0.1 6.1 — — — 46.8 — 1.0 100.0 38.6% 10.9 2.6 0.1 0.1 3.9 — — — 41.8 — 2.1 100.0 42.1% 6.1 2.6 0.7 0.1 2.6 — — — 43.6 — 2.2 100.0 37.9% 3.9 2.9 1.5 — 2.3 — — — 50.2 — 1.2 100.0 38.2% 4.3 3.1 1.7 — 2.7 — — — 49.3 — 0.8 100.0 40.1% 3.8 4.1 2.3 — 1.8 — 3.2 — 43.1 — 1.5 100.0 34.6% 21.0 3.3 1.3 — — 1.4 3.1 — 33.8 — 1.5 100.0 8 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 1. (continued) Federal outlays to guaranty agencies Federal outlays to guaranty agencies include administrative cost allowances, loan processing and issuing fees, account maintenance fees, loan advances, reinsurance default claims, and refunds of excess reserves. I In FY 1990-FY 1999, annual administrative cost allowances fluctuated from a low of $105 million in FY 1991 to a high of $312 million in FY 1994. In FY 2000, administrative cost allowances were not applicable. In FY 2000, $93 million in loan processing and issuing fees were paid to guaranty agencies. In FY 1999 and FY 2000, $188 million and $204 million were paid in account maintenance fees, respectively. Reinsurance default claims fluctuated from a low of approximately $2.2 billion in FY 2000 to a high of $3.2 billion in FY 1991. In FY 2000, reinsurance default claims accounted for 33.8 percent of total federal outlays. (See table A.) Refunds in excess of reserves were only reported in FY 1992 and FY 1993, when they increased from $8 to $14 million. I Summary Information I I Collections cost I Collections costs were $11 million in FY 1990 and peaked at $138 million in FY 1996. In FY 1997-FY 2000, collections cost fluctuated from a low of $51 million in FY 1998 to a high of $97 million in FY 2000. In FY 2000, collections cost accounted for 1.5 percent of total federal outlays. (See table A.) Federal income/receipts Federal income includes FISLP insurance premiums, FISLP collections, guaranty agency reimbursements, advances returned, excess reserves, reinsurance fees, origination and other fees, IRS offsets-DCS assigned loans, IRS offsets-GA, mandatory assignment collections, and rehabilitation loans. I In FY 1990-FY 1996, total federal income/receipts for the FFEL program increased annually from $1.2 billion in FY 1990 to $3.3 billion in FY 1996. After lower levels of total federal income/receipts in FY 1997 ($2.8 billion) and FY 1998 ($3.2 billion), this figure rose to $3.9 billion in FY 1999. In FY 2000, total federal income/receipts remained at $3.9 billion. The two major sources of FFEL program federal income are guaranty agency reimbursements and origination and other fees. In FY 1999, guaranty agency reimbursements were $1.4 billion, and origination and other fees were $839 million. Receipts from these two sources accounted for 57.6 percent of total federal income in FY 1999. (See table B.) In FY 1990-FY 1996, annual FISLP collections fluctuated between a low of $33 million in FY 1992 to a high of $55 million in FY 1996. FISLP collections were not reported in FY 1997-FY 2000. Annual income from guaranty agency reimbursements increased steadily from $466 million in FY 1994 to $1.4 billion in FY 1999. In FY 1999, guaranty agency reimbursements accounted for 35.8 percent of total federal income. (See table B.) Returned advances, excess reserves, and reinsurance fees all contributed only slightly to total federal income in FY 1990-FY 2000. (See table B.) Beginning in FY 1994, receipts from returned advances were zero, and 9 I I I I Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 1. (continued) I beginning in FY 1992, receipts from excess reserves were zero. Beginning in FY 1996, receipts from reinsurance fees were zero. Between FY 1990-FY 2000, annual receipts from origination and other fees fluctuated from a low of $395 million in FY 1990 to a high of $1.1 billion in FY 1994. In FY 2000, receipts from origination and other fees was $941 million and accounted for 37.7 percent of annual federal income. (See table B.) Annual federal income from IRS offset-DCS fluctuated from $12 million to $35 million in FY 1990FY 1993 and then was much higher, fluctuating from $211 million to $452 million in FY 1994-FY 1999. In FY 2000, federal income from IRS offset-DCS declined slightly to $411 million. However, IRS offset-DCS accounted for an increasing proportion of annual federal income from FY 1996 (6.6 percent) to FY 2000 (16.4 percent). (See table B.) In FY 1990-FY 2000, annual federal income from IRS offset-GA fluctuated from a low of $216 million in FY 1990 to a high of $570 million in FY 1999. In FY 2000, federal income from IRS offset-GA was $482 million and accounted for 19.3 percent of federal income. (See table B.) Mandatory assignment collections increased dramatically from $5 million in FY 1990 to $799 in FY 1996. Mandatory assignment collections then decreased in FY 1997 ($467 million) and FY 1998 ($428 million), but increased in FY 1999 ($612 million) and FY 2000 ($665 million). Mandatory assignment collections accounted for 26.6 percent of federal income in FY 2000 (see table B.) I I I Table B. Federal income sources as a percent of total federal income/receipts: FY 1990-FY 2000 (subset of table 1) FY90 Federal income/receipts FISLP insurance premium FISLP collections Guaranty agency reimbursements Advances returned Excess reserves Reinsurance fees Origination and other fees IRS offset – DCS assigned loans IRS offset – GA Mandatory assign. coll. Rehabilitation loans Total federal income/receipts — Not applicable. * Costs from FY90 through FY00 include FFEL program and FISLP as well as computer costs and commissions on contract collections. NOTES: DCS assigned loans are handled by OSFAP/Students Channel, collections. Details may not add to total due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. FY91 — 3.5% 29.5 0.6 0.1 2.4 35.4 1.0 26.2 0.9 0.5 100.0 FY92 — 2.2% 30.4 0.1 0.0 3.3 28.6 1.5 31.5 2.0 0.4 100.0 FY93 — 2.6% 32.3 0.1 0.0 2.0 30.9 2.1 25.1 4.8 0.2 100.0 FY94 — 1.8% 18.5 0.0 0.0 1.8 43.8 8.4 15.2 10.5 0.0 100.0 FY95 — 1.5% 26.2 0.0 0.0 0.1 34.6 7.7 10.6 18.5 0.9 100.0 FY96 — 1.7% 27.4 0.0 0.0 0.0 29.9 6.6 9.7 24.2 0.5 100.0 FY97 — 0.0% 37.7 0.0 0.0 0.0 27.2 8.3 9.9 16.9 — 100.0 FY98 — 0.0% 42.4 0.0 0.0 0.0 24.8 8.2 11.3 13.3 — 100.0 FY99 — 0.0% 35.8 0.0 0.0 0.0 21.8 11.7 14.8 15.9 — 100.0 FY00 — 0.0% — 0.0 0.0 0.0 37.7 16.4 19.3 26.6 — 100.0 — 4.4% 32.9 1.2 2.9 3.6 34.1 1.6 18.6 0.4 0.2 100.0 Cash outlays over receipts I The total cash outlays over receipts (total federal outlays minus total federal income) were approximately $4.5 billion in FY 1990 and $2.6 billion in FY 2000. The highest level of outlays over receipts was $4.9 billion in FY 1991, and the lowest level was $1.9 billion in FY 1999. 10 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Summary Information Federal Student Loan Programs Data Book I Table 1. Federal Family Education Loan (FFEL) program executive summary: FY 1966-FY 2000 ($ in 000,000’s unless otherwise noted) FY66-89 Loan volume commitments (excludes consolidations) Number of loans (in 000’s) Dollar amount Actual average loan (in units) Defaults FISLP/guaranty agency payments to lenders Federal outlays To lenders Interest benefits Special allowance Death and disability claims Bankruptcy claims FISLP default claims To guaranty agencies Administrative cost allowance Loan processing & issuing fee Account maintenance fee Loan advances Reinsurance default claims Refund of excess reserves Collections cost* Total FFEL program outlays Federal income/receipts FISLP insurance premium FISLP collections Guaranty agency reimbursements Advances returned Excess reserves Reinsurance fees Origination and other fees IRS offset – DCS assigned loans IRS offset – GA Mandatory assign. coll. Rehabilitation loans Total federal income/receipts Cash outlays over receipts — 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. DCS assigned loans are handled by OSFAP/Students Channel, Collections. Details may not add to total due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500,000. Data for earlier years appear in Table A-1 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. FY90 4,493 $12,291 2,734 $2,680 FY91 4,818 $13,500 2,804 $3,223 FY92 5,130 $14,749 2,875 $2,655 FY93 5,647 $17,863 3,163 $2,497 FY94 6,745 $23,068 3,420 $2,402 FY95 5,869 $20,951 3,570 $2,293 FY96 5,336 $19,728 3,697 $2,662 FY97 5,681 $21,659 3,810 $2,990 FY98 5,809 $22,497 3,872 $2,943 FY99 5,859 $23,324 3,959 $2,027 FY00 6,333 $25,656 4,051 $2,102 Cumulative 109,875 $316,959 — $38,945 48,156 $101,674 — $10,470 $14,525 12,508 273 233 1,265 $753 — — 205 8,624 — $166 38,552 $42 708 1,571 141 138 97 2,379 120 369 — 1 5,566 32,986 $1,512 1,425 57 9 17 $133 — — — 2,484 — $11 5,648 — 51 382 14 34 42 395 19 216 5 2 1,160 4,488 $1,688 972 62 13 17 $105 — — — 3,245 — $12 6,114 — 43 368 7 1 30 441 12 327 11 6 1,246 4,868 $2,056 231 94 94 12 $145 — — — 3,031 8 $12 5,683 — 33 449 2 0 49 422 22 466 29 6 1,478 4,205 $1,706 107 101 279 9 $177 — — — 2,674 14 $8 5,075 — 43 534 1 0 33 510 35 415 79 3 1,653 3,422 $2,082 145 118 26 7 $312 — — — 2,408 — $50 5,148 — 44 466 0 0 45 1,103 211 383 265 0 2,517 2,631 $2,186 615 150 4 6 $221 — — — 2,367 — $119 5,667 — 47 808 0 0 3 1,066 236 327 569 27 3,083 2,585 $2,688 390 168 45 8 $167 — — — 2,788 — $138 6,392 — 55 904 0 0 0 986 216 319 799 16 3,295 3,097 $2,437 249 187 97 — $150 — — — 3,231 — $79 6,430 — 0 1,045 0 0 0 754 231 273 467 — 2,770 3,660 $2,397 268 193 106 — $170 — — — 3,096 — $51 6,281 — 0 1,367 0 0 0 799 263 364 428 — 3,221 3,060 $2,323 222 235 135 — $102 — $188 — 2,494 — $88 5,787 — 0 1,378 0 0 0 839 452 570 612 — 3,851 1,936 $2,240 1,358 213 85 — — $93 $204 — 2,189 — $97 6,479 — 0 1,400 0 0 0 941 411 482 665 — 3,899 2,580 $37,840 18,490 1,851 1,126 1,340 $2,435 93 392 205 38,631 22 $831 $103,256 $42 1,024 10,672 165 173 299 10,635 2,228 4,511 3,929 61 $33,739 $69,517 FY 1997-FY 2000 11 Figure 2. Family Education Loan (FFEL) program commitments: FY 1990-FY 2000 Number of loans 8,000 7,000 6,745 6,333 5,869 5,336 5,809 5,859 6,000 5,130 Loans (in 000’s) 5,000 4,493 4,000 4,818 5,647 5,681 3,000 2,000 1,000 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. FY96 FY97 FY98 FY99 FY00 Dollar amount $30,000 $25,656 25,000 $23,068 $20,951 Dollars (in 000,000’s) 20,000 $17,863 15,000 $12,291 10,000 $14,749 $13,500 $19,728 $21,659 $22,497 $23,324 5,000 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. FY96 FY97 FY98 FY99 FY00 12 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 2. Federal Family Education Loan (FFEL) program commitments: FY 1990-FY 2000 (continued) Average loan $5,000 4,000 $3,420 $3,163 3,000 Dollars $2,734 $2,804 $2,875 $3,570 $3,697 $3,810 $3,872 $3,959 $4,051 Summary Information 2,000 1,000 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. FY96 FY97 FY98 FY99 FY00 Total federal outlays to lenders and to guaranty agencies $7,000 $6,392 $6,114 6,000 $5,648 $5,683 $5,075 $5,148 $5,667 $6,430 $6,281 $5,787 $6,479 5,000 Dollars (in 000,000’s) 4,000 3,000 2,000 1,000 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. FY96 FY97 FY98 FY99 FY00 Federal Student Loan Programs Data Book I FY 1997-FY 2000 13 Figure 2. Federal Family Education Loan (FFEL) program commitments: FY 1990-FY 2000 (continued) Total federal income/receipts $4,000 $3,851 $3,899 3,500 $3,083 3,000 $3,295 $3,221 $2,770 Dollars (in 000,000’s) 2,500 $2,517 2,000 $1,653 1,500 $1,160 1,000 $1,246 $1,478 500 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. FY96 FY97 FY98 FY99 FY00 Cash outlays over receipts $5,000 $4,488 $4,205 4,000 $3,660 $3,422 Dollars (in 000,000’s) $3,097 3,000 $2,631 $2,585 $2,580 $3,060 $4,868 2,000 $1,936 1,000 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. FY96 FY97 FY98 FY99 FY00 14 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 2. Federal Direct Loan Program (FDLP) cash flow as of September 30th: FY 1994-FY 2000 This table shows the cash flows of the FDLP. It was designed to be equivalent to the information provided in the Executive Summary (table 1) that provides loan volume, along with cash outlays and cash receipts for the FFEL program. The Direct Loan Program is different from FFEL in that the government makes the loans. There are far fewer entities involved and the cash flows are much simpler. The basic cash outflows (costs) come from interest paid to the Treasury and payments made to schools to cover their administrative expenses. The basic inflows come from the collections of interest and principal from borrowers repaying their loans and from the collection of fees. (See also figure 3 which follows table 2.) I Summary Information Between FY 1994 and FY 2000, the FDLP committed nearly $60 billion dollars through 16.2 million loans. The annual dollar amount and number of loans increased through FY 1998, fell slightly in FY 1999, and grew again in FY 2000. Overall, the number of loans grew from 210,000 in FY 1994 to 3.1 million in FY 2000, while the dollar amount rose from $915 million to $11.8 billion in FY 2000. Through FY 2000, the total interest paid to the Treasury in the FDLP was $13.3 billion, and the total payment of origination fees was $131.7 million. Interest paid to the Treasury increased annually and increased overall from $29.4 million in FY 1994 to $4.5 billion in FY 2000. Origination fees grew from $13.9 million in FY 1995 to $54.3 million in FY 2000. Through FY 2000, the Department had collected $12.4 billion and $182.8 million in regular and defaulted principal, respectively. Nearly $10 billion of the cumulative regular principal, or 79.1 percent, was collected between FY 1999 and FY 2000. Through FY 2000, the Department had collected $3.6 billion and $70.1 million in regular and defaulted interest, respectively. Like the regular principal, the majority of the cumulative regular interest (70.7 percent) was collected between FY 1999 and FY 2000. Through FY 2000, the Department had collected $1.9 billion in school origination fees. The amount of origination fees collected annually grew from $317.8 million in FY 1996 to $392.4 million in FY 1999. In FY 2000, the Department collected $348.2 million in origination fees. I I I I NOTE: The FDLP became operational in July 1994, consequently, the FY 1994 FDLP data include only one fiscal quarter of activity. During the first year of operation, FDLP loans were restricted to a small number of institutions. The FDLP makes loans directly available to borrowers, while the FFEL program makes loans available to borrowers through private lenders and guaranty agencies. Both programs offer the same loan programs: Stafford Subsidized, Stafford Unsubsidized, PLUS, and Consolidation loans. Federal Student Loan Programs Data Book I FY 1997-FY 2000 15 16 Federal Student Loan Programs Data Book I Table 2. Federal Direct Loan Program (FDLP) cash flow as of September 30th: FY 1994-FY 2000 ($ in 000’s) FY94 Loan volume commitments Number of loans (in 000’s) Dollar amount Costs+ Interest paid to Treasury Payment of origination fees to institutions Inflows Collections Principal Regular Defaulted Interest Regular Defaulted Origination fees Other fees Regular Defaulted — Not applicable. * The cost data for FY95 and FY96 have been revised from previously published figures. + Cost and collection data are from the financial statements and include Consolidations. NOTES: The FDLP became operational in July 1994, consequently, the FY94 FDLP data include only one fiscal quarter of activity. During the first year of operation, FDLP loans were restricted to a small number of institutions. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. *FY95 1,290 $5,101,843 383,169 13,928 *FY96 2,616 $9,371,572 749,943 13,345 FY97 2,998 $10,917,748 1,732,873 6,966 FY98 3,078 $11,125,252 2,320,155 14,042 FY99 2,957 $10,703,352 3,616,378 29,195 FY00 3,066 $11,833,438 4,465,364 54,262 Cumulative 16,216 $59,968,230 $13,297,332 $131,738 210 $915,024 29,450 — $34 — — — $15,266 — — $29,397 — $14,498 — $81,105 — — $211,480 70 $114,768 22 $317,758 — $14 $643,325 515 $305,956 357 $371,860 — $65 $1,718,290 9,470 $605,530 4,970 $389,288 — $1,016 $5,512,905 50,461 $1,058,939 18,882 $392,401 — $6,670 $4,329,019 122,267 $1,453,886 45,787 $348,224 — $16,100 $12,444,450 $182,782 $3,553,577 $70,018 $1,915,902 — $23,865 FY 1997-FY 2000 Figure 3. Federal Direct Loan Program (FDLP) commitments: FY 1994-FY 2000 Number of loans 4,000 3,500 2,998 2,616 Loans (in 000’s) 2,500 3,078 2,957 3,066 3,000 Summary Information 2,000 1,500 1,290 1,000 500 210 0 FY94 FY95 FY96 FY97 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. FY98 FY99 FY00 Dollar amount $14,000 12,000 $10,918 10,000 Dollars (in 000,000’s) $9,372 $11,125 $10,703 $11,833 8,000 6,000 $5,102 4,000 2,000 $915 0 FY94 FY95 FY96 FY97 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. FY98 FY99 FY00 Federal Student Loan Programs Data Book I FY 1997-FY 2000 17 Table 3. Federal Direct Loan Program (FDLP) portfolio status as of September 30th: FY 1994-FY 2000 This table shows the portfolio of the FDLP as it stood at the end of each fiscal year. It provides a summary of the changes to the portfolio including disbursements, write-offs for death, disability and bankruptcy, collection of principal, and capitalized interest. This table also provides the percentage outstanding by loan status. Finally, the proportion of loans transferred to the Debt Collection System is shown. I FDLP started in FY 1994 on a limited basis. In FY 1995, booked disbursements for the program totaled $2.7 billion, but by FY 1999, booked disbursements had grown to $18.3 billion. In FY 2000 booked disbursements fell to $16.5 billion. By FY 2000, the FDLP program had written off approximately $62 million for Death Disability and Bankruptcy (DD&B), and collected principal of $4.3 billion. As of September 2000, approximately $1.4 billion in loans (or 8.4 percent) had defaulted and were transferred to the Department’s Debt Collection System. I I NOTE: FDLP loan data in FY 1994 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. 18 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Summary Information Federal Student Loan Programs Data Book I Table 3. Federal Direct Loan Program (FDLP) portfolio status as of September 30th: FY 1994-FY 2000 ($ in 000,000’s) FY94 Booked disbursements1 Less: Loans written off (DD&B) Collection of principal Plus: Capitalized interest Outstanding balance2 Percent outstanding by loan status In school In grace In repayment Percent defaults transferred to debt collection3 — Not applicable. 1 2 3 FY95 $2,721 $0 29 $1 2,693 70% 12 18 0.00% FY96 $11,735 $4 241 $30 11,520 61% 16 23 0.02% FY97 $10,451 $13 643 $140 9,935 52% 14 34 0.82% FY98 $12,314 $24 1,718 $359 10,931 43% 13 44 2.40% FY99 $18,267 $39 5,513 $579 13,294 32% 11 56 4.20% FY00 $16,504 $62 4,329 $723 12,836 28% 10 63 8.37% $151 — — — 151 91% 0 9 0.00% FY 1997-FY 2000 Does not include funds drawn down, but not disbursed at the end of the fiscal year. The outstanding loan balance includes defaulted loans that have been transferred to the Department’s Debt Collection System. This represents the cumulative dollar amount of loans that have defaulted and have been transferred to our Debt Collection System as a proportion of the cumulative loans made to date (dollars disbursed). As of September 2000, $1.38 billion in loans had defaulted and had been transferred. NOTES: Includes Direct Consolidation loans. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. $0 indicates a number less than $500,000. 0% indicates a number less than 0.5%. 0.00% indicates a number less than 0.005%. FDLP loan data in FY94 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. 19 Table 4. Federal Family Education Loan (FFEL) program and Federal Direct Loan Program (FDLP) comparison of committed loan volume: FY 1997-FY 2000 This table contrasts FFEL program and FDLP activity in FY 1997-FY 2000. It compares the number and dollar amount of loans committed through Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) programs. FDLP loan volume is also reported as a percent of the total FFEL program and FDLP loan volume committed. (See also figure 4 which follows table 4.) I From FY 1997 to FY 2000, the number of FFEL loans increased from 5.7 million to 6.3 million, an increase of 11.5 percent. The total FFEL dollar volume committed grew from $21.7 billion to $25.7 billion, an increase of 18.5 percent. The FDLP program grew also, but at a slower rate. The number of FDLP loans increased from 3.0 million to 3.1 million, an increase of 2.3 percent, and the total FDLP dollar volume committed grew from $10.9 billion to $11.8 billion, an increase of 8.4 percent. For FY 1997-FY 2000, among the three types of loans, the Stafford Subsidized loan program committed the most dollars annually. In FY 2000, the Stafford Subsidized loan program committed $18.6 billion in both the FFEL program and the FDLP, while the Stafford Unsubsidized loan program committed $14.9 billion, and the PLUS program committed $4.0 billion. FDLP loan commitments as a proportion of total dollars committed fell slightly, from 33.8 percent in FY 1997 to 31.6 percent in FY 2000. Overall, the total dollar amount committed through the FFEL program and the FDLP increased 15.1 percent between FY 1997 and FY 2000 from $32.6 billion to $37.5 billion. However, the total number of loans increased by 8.3 percent during this time from 8.6 million to 9.4 million. I I I 20 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Summary Information Federal Student Loan Programs Data Book I Table 4. Federal Family Education Loan (FFEL) program and Federal Direct Loan Program (FDLP) comparison of committed loan volume: FY 1997-FY 2000 FFEL program Loans (in 000’s) Type of program Stafford Subsidized Stafford Unsubsidized PLUS Total FY97 3,401 1,968 312 5,681 FY98 3,408 2,068 334 5,809 FY99 3,339 2,175 345 5,859 Dollars (in 000,000’s) FY97 Stafford Subsidized Stafford Unsubsidized PLUS Total $11,985 7,689 1,985 $21,659 FY98 $12,027 8,275 2,194 $22,497 FY99 $11,862 9,079 2,383 $23,324 FY00 $12,564 10,482 2,610 $25,656 FY97 $6,233 3,617 1,068 $10,918 FY98 $6,141 3,787 1,198 $11,125 FY00 3,520 2,456 356 6,333 FY97 1,792 1,025 181 2,998 FDLP Loans (in 000’s) FY98 1,803 1,081 195 3,078 FY99 1,691 1,079 187 2,957 Dollars (in 000,000’s) FY99 $5,686 3,855 1,162 $10,703 FY00 $6,033 4,408 1,393 $11,833 FY97 $18,218 11,306 3,053 $32,577 FY00 1,709 1,148 208 3,066 Total loans (FFEL program and FDLP) (in 000’s) FY97 5,194 2,993 493 8,679 FY98 5,210 3,149 528 8,887 FY99 5,030 3,254 532 8,816 FY00 5,229 3,604 564 9,398 FY97 34.7% 34.5 37.3 34.8% FDLP as percent of total loans FY98 34.8% 34.5 37.2 34.8% FY99 33.8% 33.3 37.4 33.8% FDLP as percent of total dollars FY00 $18,597 14,890 4,003 $37,490 FY97 34.4% 32.2 35.6 33.8% FY98 34.0% 31.6 35.7 33.3% FY99 32.6% 29.9 35.2 31.8% FY00 32.4% 29.6 34.8 31.6% FY00 32.7% 31.9 36.9 32.6% Total dollars (FFEL program and FDLP) (in 000,000’s) FY98 $18,168 12,062 3,392 $33,623 FY99 $17,548 12,934 3,545 $34,027 FY 1997-FY 2000 NOTES: Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System and Direct Loan/Loan Origination System. 21 Figure 4. Federal Direct Loan Program (FDLP) loan volume as a percent of total student loan volume for both the Federal Family Education Loan (FFEL) program and FDLP: FY 1997-FY 2000 Number of loans 40% 37% 37% 37% 37% 35% Percent of total FFEL program and FDLP loans 35% 35% 34% 35% 35% 33% 33% 32% 35% 35% 34% 33% 30% 25% FY97 FY98 20% FY99 15% FY00 10% 5% 0% Stafford Subsidized Stafford Unsubsidized PLUS FDLP total Loan program type SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System and Direct Loan/Loan Origination System. Dollar amount 40% 36% 36% 35% Percent of total FFEL program and FDLP dollars 34% 34% 33% 32% 32% 32% 30% 30% 35% 35% 34% 33% 32% 32% 30% 25% FY97 FY98 20% FY99 15% FY00 10% 5% 0% Stafford Subsidized Stafford Unsubsidized PLUS FDLP total Loan program type SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System and Direct Loan/Loan Origination System. 22 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Part II FFEL Program and FDLP Loan Volume Commitments Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 23 Table 5. Federal Family Education Loan (FFEL) program annual and cumulative commitments, by loan program type: FY 1966-FY 2000 This table shows cumulative information for the FFEL programs discussed in tables 17-20. The annual loan volume, the percent change from prior year, the percent share of FFEL program total, the average loan amount, and the cumulative loan volume are presented in the table for the four loan programs (Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), and Supplemental Loan for Students (SLS)) that make up the FFEL program. (See also figure 5 which follows table 5.) I Since its inception in FY 1966, the FFEL program has provided nearly $317.0 billion in student loan commitments, 67.9 percent of which were committed from FY 1990 through FY 2000 ($215.3 billion). The FFEL program average loan amount increased from $2,734 to $4,052 (48.2 percent) between FY 1990 and FY 2000. The average loan in the largest program, Stafford Subsidized, increased from $2,693 in FY 1990 to $3,569 in FY 2000 (32.5 percent). The program with the greatest average loan amount in FY 2000 was the PLUS program with an average loan amount of $7,331. Loan Volume Commitments I I Loan dollar volume for the FFEL program rose annually from FY 1990 to FY 2000 for all but two years. In FY 1995, volume fell 9.2 percent, and dropped another 5.8 percent in FY 1996. Stafford Subsidized I Since FY 1990, the Stafford Subsidized loan program has committed $131.1 billion in loans. This dollar amount represents 60.4 percent of the total Stafford Subsidized commitments ($217.1 billion) since FY66. The average Stafford Subsidized loan amount increased from $2,693 in FY 1990 to $3,569 in FY 2000 (32.5 percent). The Stafford Subsidized program consistently committed more program dollar volume than the other FFEL programs between FY 1990 and FY 2000. However, while the Stafford Subsidized program committed 79.0 percent of the FFEL program dollar volume in FY 1990, its share fell over time. The share of total FFEL dollar volume committed by the Stafford Subsidized program fell below 50 percent for the first time in FY 2000, with a commitment of 49.0 percent of all FFEL program dollar volume. Although Stafford Subsidized loans represented a decreasing share of FFEL program loan volume commitments, the annual loan volume for this loan type increased each year except for FY 1995, FY 1996, and FY 1999. In FY 1995 and FY 1996 the Stafford Subsidized program experienced a decrease in dollar volume of 15.5 and 7.6 percent, respectively, and in FY 1999, volume fell by 1.4 percent. I I Stafford Unsubsidized I Since its inception in FY 1993, the Stafford Unsubsidized loan program has committed $54.7 billion in loans. Annual loan commitments increased each year except for FY 1996, when volume decreased by 4.0 percent. In FY 2000 the annual dollar volume for Stafford Unsubsidized loans increased 15.5 percent to approximately $10.5 billion. The Stafford Unsubsidized loan program has captured an increasing share of total FFEL loan commitments since its inception. By FY 2000, the Stafford Unsubsidized loan program committed 40.9 percent of the total FFEL program loan volume. I Federal Student Loan Programs Data Book I FY 1997-FY 2000 25 Table 5. (continued) I From FY 1993 to FY 2000 the Stafford Unsubsidized average loan amount grew from $2,411 to $4,268—a 77.0 percent increase. In FY 2000 the average Stafford Unsubsidized loan was larger than Stafford Subsidized loan ($4,268 vs. $3,569). Parent Loans for Undergraduate Students (PLUS) I Since FY 1990, the PLUS loan program has committed $21.3 billion in loans. This dollar amount represents 88.1 percent of the total PLUS commitments ($21.3 billion) since the program’s inception in FY 1981. Between FY 1990 and FY 2000, the PLUS loan program captured an increasing portion of the total FFEL program commitments. In FY 1990, the PLUS program held 7.1 percent of total FFEL commitments. In FY 2000 this figure had risen to 10.2 percent. The average PLUS loan amount increased from $3,210 in FY 1990 to $7,331 in FY 2000 (128.4 percent). I I Supplemental Loan to Students (SLS) I The Supplemental Loan to Students (SLS) program was discontinued at the end of FY 1994. 26 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 5. Federal Family Education Loan (FFEL) program annual and cumulative commitments, by loan program type: FY 1966-FY 2000 Annual loan volume Fiscal year Stafford Subsidized 1966-89 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 Stafford Unsubsidized1 1993 1994 1995 1996 1997 1998 1999 2000 PLUS 1981-89 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 882 273 329 393 344 350 300 279 312 334 345 356 $2,541 877 1,072 1,293 1,312 1,726 1,663 1,658 1,985 2,194 2,383 2,610 — — 20.5 19.4 -12.6 1.7 -14.2 -7.0 11.7 7.1 3.3 3.4 — — 22.2 20.6 1.5 31.5 -3.6 -0.3 19.7 10.5 8.6 9.6 — 6.1 6.8 7.7 6.1 5.2 5.1 5.2 5.5 5.7 5.9 5.6 — 7.1 7.9 8.8 7.3 7.5 7.9 8.4 9.2 9.8 10.2 10.2 — 3,210 3,256 3,289 3,817 4,952 5,544 5,944 6,368 6,571 6,837 7,331 882 1,155 1,484 1,878 2,222 2,571 2,871 3,150 3,462 3,796 4,140 4,497 $2,541 3,419 4,491 5,784 7,096 8,822 10,485 12,143 14,128 16,322 18,705 21,315 423 1,319 1,853 1,769 1,968 2,068 2,175 2,456 $1,019 4,739 6,843 6,568 7,689 8,275 9,079 10,482 — 212.0 40.5 -4.5 11.2 5.1 5.2 12.9 — 365.0 44.4 -4.0 17.1 7.6 9.7 15.5 7.5 19.6 31.6 33.2 34.6 35.6 37.1 38.8 5.7 20.5 32.7 33.3 35.5 36.8 38.9 40.9 2,411 3,593 3,694 3,712 3,906 4,003 4,176 4,268 423 1,742 3,594 5,364 7,331 9,399 11,575 14,031 $1,019 5,758 12,601 19,169 26,858 35,134 44,213 54,695 39,689 3,605 3,842 3,997 4,072 4,523 3,716 3,288 3,401 3,408 3,339 3,520 $85,956 9,708 10,551 11,249 12,471 14,735 12,444 11,501 11,985 12,027 11,862 12,564 — — 6.5 4.0 1.9 11.1 -17.8 -11.5 3.5 0.2 -2.0 5.4 — — 8.7 6.6 10.9 18.1 -15.5 -7.6 4.2 0.4 -1.4 5.9 — 80.3 79.7 77.9 72.1 67.1 63.3 61.6 59.9 58.7 57.0 55.6 — 79.0 78.2 76.3 69.8 63.9 59.4 58.3 55.3 53.5 50.9 49.0 — 2,693 2,747 2,815 3,062 3,258 3,349 3,498 3,523 3,531 3,546 3,569 39,689 43,294 47,136 51,133 55,205 59,728 63,444 66,732 70,133 73,541 76,880 80,400 $85,956 95,664 106,215 117,464 129,935 144,670 157,114 168,616 180,600 192,628 204,490 217,053 Loans (in 000’s) Dollars (in 000,000’s) Percent change from prior year Loans Dollars Percent share of FFEL program Loans Dollars Average loan Dollars Cumulative loan volume Loans Dollars (in 000’s) (in 000,000’s) Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 27 Table 5. Federal Family Education Loan (FFEL) program annual and cumulative commitments, by loan program type: FY 1966-FY 2000 (continued) Annual loan volume Fiscal year SLS2 1981-89 1990 1991 1992 1993 1994 FFEL program total3 1966-89 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 48,156 4,493 4,818 5,130 5,647 6,745 5,869 5,336 5,681 5,809 5,859 6,333 $101,674 12,291 13,500 14,749 17,863 23,068 20,950 19,728 21,659 22,497 23,324 25,656 — — 7.2 6.5 10.1 19.4 -13.0 -9.1 6.5 2.3 0.9 8.1 — — 9.8 9.2 21.1 29.1 -9.2 -5.8 9.8 3.9 3.7 10.0 — 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 — 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 — 2,734 2,804 2,875 3,163 3,420 3,570 3,697 3,810 3,873 3,959 4,052 48,156 52,649 57,467 62,597 68,244 74,988 80,857 86,193 91,874 97,683 103,542 109,875 $101,674 113,965 127,465 142,214 160,077 183,145 204,095 223,823 245,482 267,979 291,303 316,959 2,120 614 648 740 808 553 $5,825 1,706 1,877 2,207 3,060 1,869 — — 5.5 14.2 9.2 -31.5 — — 10.0 17.6 38.7 -38.9 — 13.7 13.4 14.4 14.3 8.2 — 13.9 13.9 15.0 17.1 8.1 — 2,778 2,898 2,983 3,789 3,377 2,120 2,734 3,382 4,122 4,929 5,483 $5,825 7,530 9,407 11,614 14,674 16,543 Loans (in 000’s) Dollars (in 000,000’s) Percent change from prior year Loans Dollars Percent share of FFEL program Loans Dollars Average loan Dollars Cumulative loan volume Loans Dollars (in 000’s) (in 000,000’s) — Not applicable. 1 The 2 The Stafford Unsubsidized loans began in FY93. Supplemental Loan for Students (SLS) program ended in FY94. program total for FY66-FY84 includes Federal Insured Student Loan Program (FISLP). 3 FFEL NOTES: Commitments reported in this table exclude Consolidation loans and PLUS and SLS refinanced loans authorized under the Higher Education amendments of 1986. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. Data for earlier years appear in table A-5 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 28 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 5. Federal Family Education Loan (FFEL) program annual commitments, by loan program type: FY 1990-FY 2000 Number of loans 8,000 7,000 553 6,000 808 350 1,319 300 1,853 334 2,068 345 2,175 356 2,456 Stafford Subsidized Stafford Unsubsidized 3,716 3,288 3,401 3,408 3,339 3,520 PLUS SLS 2,000 Loans (in 000’s) 5,000 648 614 4,000 273 3,605 3,000 329 3,842 740 393 3,997 344 423 4,072 4,523 279 1,769 312 1,968 Loan Volume Commitments 1,000 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year NOTE: The Supplemental Loan for Students (SLS) program ended in FY 94, and Stafford Unsubsidized loans began in FY93. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY96 FY97 FY98 FY99 FY00 Dollar amount $30,000 25,000 $1,869 $2,194 $1,663 $6,843 $1,658 $6,568 $1,985 $7,689 $8,275 $2,383 $9079 $2,610 $10,482 Dollars (in 000,000’s) 20,000 $3,060 $1,726 $4,739 Stafford Subsidized Stafford Unsubsidized 15,000 $1,877 $1,706 $2,207 $1,072 $10,551 $1,293 $11,249 $1,312 $1,019 $12,471 $14,735 $12,444 $11,501 $11,985 $12,027 $11,862 $12,564 PLUS SLS 10,000 $877 $9,708 5,000 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year FY96 FY97 FY98 FY99 FY00 NOTE: The Supplemental Loan for Students (SLS) program ended in FY 94, and Stafford Unsubsidized loans began in FY93. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 29 Table 6. Federal Direct Loan Program (FDLP) annual and cumulative commitments, by loan program type: FY 1994-FY 2000 This table shows summary information for tables 32-35. The annual loan volume, the percent change from prior year, the percent share of FDLP total, the average student loan, and the cumulative loan volume are presented for the FDLP program by the three loan types: Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans. (See also figure 6 which follows table 6.) I I Since its inception in FY 1994, the FDLP has made 16.2 million loans worth $60.0 billion. FDLP annual loan volume increased dramatically from $915 million in FY 1994 to $11.8 billion in FY 2000. The total loan volume committed annually grew from $5.1 billion in FY 1995 to $11.1 billion in FY 1998. This figure fell slightly in FY 1999 to $10.7 billion, but then rose again to $11.8 billion in FY 2000. While the Stafford Subsidized loan program continued to commit the majority of FDLP dollar volume from FY 1994 to FY 2000, the share declined over time. In FY 1994, the Stafford Subsidized loan program committed 64.0 percent of FDLP funds. This figure fell annually, and by FY 2000, the Stafford Subsidized loan program had committed 51.0 percent of FDLP funds. The share of the Stafford Unsubsidized loan program increased annually and grew from 26.2 percent in FY 1994 to 37.3 percent in FY 2000. Overall, the FDLP average loan amount from FY 1996 through FY 2000 fluctuated between $3,582 and $3,860. The average loan amounts for each of the FDLP loan programs remained relatively stable during the period. I I NOTES: FDLP commitments in FY 1994 include only one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. The FDLP makes loans directly available to students, while the FFEL program makes loans available to students through private lenders and guaranty agencies. Both programs offer the same types of loans: Stafford Subsidized, Stafford Unsubsidized, PLUS, and Consolidation loans. 30 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 6. Federal Direct Loan Program (FDLP) annual and cumulative commitments, by loan program type: FY 1994-FY 2000 Annual loan volume Fiscal year Stafford Subsidized 1994 1995 1996 1997 1998 1999 2000 Stafford Unsubsidized 1994 1995 1996 1997 1998 1999 2000 PLUS 1994 1995 1996 1997 1998 1999 2000 FDLP total 1994 1995 1996 1997 1998 1999 2000 210 1,290 2,616 2,998 3,078 2,957 3,066 $915 5,102 9,372 10,918 11,125 10,703 11,833 — 514.2 102.8 14.6 2.7 -3.9 3.7 — 457.6 83.7 16.5 1.9 -3.8 10.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 $4,357 3,955 3,582 3,642 3,615 3,619 3,860 210 1,500 4,116 7,115 10,192 13,150 16,216 $915 6,017 15,388 26,306 37,431 48,135 59,968 15 86 165 181 195 187 208 $90 492 944 1,068 1,198 1,162 1,393 — 458.3 92.2 9.9 7.4 -3.8 11.4 — 449.0 91.7 13.2 12.1 -3.0 19.8 7.3 6.6 6.3 6.0 6.3 6.3 6.8 9.8 9.7 10.1 9.8 10.8 10.9 11.8 $5,840 5,742 5,727 5,899 6,156 6,210 6,683 15 101 266 447 641 829 1,037 $90 582 1,526 2,594 3,792 4,954 6,346 58 391 841 1,025 1,081 1,079 1,148 $240 1,479 2,875 3,617 3,787 3,855 4,408 — 574.7 115.0 21.9 5.4 -0.1 6.4 — 516.4 94.3 25.8 4.7 1.8 14.3 27.6 30.3 32.1 34.2 35.1 36.5 37.5 26.2 29.0 30.7 33.1 34.0 36.0 37.3 $4,142 3,785 3,420 3,529 3,505 3,573 3,839 58 449 1,289 2,314 3,395 4,474 5,622 $240 1,719 4,594 8,211 11,999 15,854 20,262 137 813 1,611 1,792 1,803 1,691 1,709 $585 3,130 5,553 6,233 6,141 5,686 6,033 — 494.9 98.1 11.2 0.6 -6.2 1.0 — 434.7 77.4 12.2 -1.5 -7.4 6.1 65.1 63.1 61.6 59.8 58.6 57.2 55.7 64.0 61.4 59.3 57.1 55.2 53.1 51.0 $4,281 3,848 3,447 3,478 3,406 3,362 3,530 137 950 2,561 4,353 6,156 7,847 9,556 $585 3,715 9,268 15,501 21,641 27,327 33,360 Loans (in 000’s) Dollars (in 000,000’s) Percent change from prior year Loans Dollars Percent share of FFEL program Loans Dollars Average loan Dollars Cumulative loan volume Loans Dollars (in 000’s) (in 000,000’s) Loan Volume Commitments — Not applicable. NOTES: In the FDLP, commitment occurs when the Department receives and accepts an approved origination record and a signed promissory note from the borrower. The commitment date is the loan’s anticipated date or, when it becomes known, the actual date of first disbursement. Consequently, as loan records are updated with actual data, commitment amounts change and some of these totals may differ slightly from information presented in the Quarterly Loan Volume Update. This procedure was developed so that the Department would have a uniform measure to compare activity between both the FDLP and FFEL programs. This table excludes Consolidation loans. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. FDLP loan data in FY94 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 31 Figure 6. Federal Direct Loan Program (FDLP) annual commitments, by loan program type: FY 1994-FY 2000 Number of loans 3,500 3,000 181 1,025 165 841 195 1,081 187 1,079 208 1,148 2,500 Loans (in 000’s) 2,000 1,792 1,500 86 1,000 391 813 500 15 58 1,611 1,803 1,691 1,709 Stafford Subsidized Stafford Unsubsidized PLUS 0 137 FY94 FY95 FY96 FY97 Fiscal year FY98 FY99 FY00 NOTE: FDLP loan data in FY94 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. Dollar amount $12,000 $1,393 $1,068 10,000 $3,617 $944 $2,875 Stafford Subsidized $6,233 $492 $1,479 $5,553 $6,141 $5,686 Stafford Unsubsidized PLUS $1,198 $1,162 $3,787 $3,855 $4,408 Dollars (in 000,000’s) 8,000 6,000 $6,033 4,000 $3,130 2,000 $90 $240 0 $585 FY94 FY95 FY96 FY97 Fiscal year NOTE: FDLP loan data in FY94 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. FY98 FY99 FY00 32 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 7. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized loans, by type of institution: FY 1990-FY 2000 This table shows the number and percent of total FFEL program Stafford Subsidized loan program commitments (numbers of borrowers and dollar amounts), by type of institution (public 2- and 4-year, private 2- and 4-year, proprietary, and foreign). (See also figure 7 which follows table 7.) I Since FY 1997, the proportion of Stafford Subsidized borrowers from public 4-year institutions is similar to the proportion from private 4-year institutions—approximately 36 percent annually. In contrast, borrowers from private 4-year institutions consistently borrowed a greater proportion of Stafford Subsidized dollars during this time than borrowers from public 4-year institutions-approximately 43 percent vs. approximately 37 percent, respectively. From FY 1994-FY 2000, the percent of Stafford Subsidized dollars committed to borrowers at public 4-year institutions decreased from 45.5 to 36.5 percent. The percent of Stafford Subsidized dollars committed to borrowers from private 4-year institutions grew from 37.4 percent in FY 1994 to a high of 43.9 percent in FY 1998. But in FY 1999 and FY 2000 this proportion dropped to 43.1 and 42.9 percent, respectively. From FY 1993 to FY 1998, the percent of Stafford Subsidized dollars committed to borrowers at both public and private 4-year institutions held steady at about 82 percent annually. This figure fell to 79.4 percent in FY 2000. From FY 1990 to FY 1997, the percent of Stafford Subsidized dollars committed to borrowers at proprietary institutions fell from 21.6 percent to 9.5 percent. This figure began increasing again in FY 1998 (9.9 percent) and, in FY 2000, the percent committed to borrowers at proprietary institutions stood at 12.6 percent. From FY 1990 to FY 2000, the percent of Stafford Subsidized dollars committed to borrowers at public and private 2-year institutions held fairly steady, with approximately 6 to 7 percent going to borrowers from public 2-year institutions and one to two percent going to borrowers from private 2-year institutions. From FY 1990 to FY 2000, the proportion of Stafford Subsidized borrowers at proprietary institutions was consistently lower than the proportion of Stafford Subsidized dollars they received. For instance, in FY 1990, 27.0 percent of Stafford Subsidized borrowers were from proprietary schools, while only 21.6 percent of the Stafford Subsidized dollars were committed to them. In FY 2000, 16.2 percent of the borrowers were from proprietary schools, but only 12.6 percent of dollars were committed to them. Borrowers attending foreign institutions represent a very small percentage of loan volume. For example, between FY 1997 and FY 2000, borrowers at foreign institutions accounted for less than 0.5 percent of Stafford Subsidized borrowers and approximately 1 percent of these dollars. I Loan Volume Commitments I I I I I Federal Student Loan Programs Data Book I FY 1997-FY 2000 33 34 Federal Student Loan Programs Data Book I Table 7. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized loans, by type of institution: FY 1990-FY 2000 Number of borrowers (in 000’s) and percent of total Fiscal year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 N % N % N % N % N % N % N % N % N % N % N % Public 4-year 1,007 35.3 1,145 38.4 1,269 40.9 1,414 44.5 1,576 44.1 1,253 40.7 1,018 38.1 1,035 37.6 1,030 37.1 1,006 36.8 1,035 36.1 Private 4-year 782 27.4 858 28.8 928 29.9 947 29.8 1,100 30.8 996 32.3 915 34.2 990 35.9 1,008 36.3 977 35.7 1,015 35.4 Public 2-year 237 8.3 268 9.0 298 9.6 308 9.7 366 10.3 352 11.4 317 11.9 324 11.8 323 11.6 301 11.0 305 10.6 Private 2-year 57 2.0 60 2.0 62 2.0 64 2.0 69 1.9 63 2.0 59 2.2 37 1.3 34 1.2 32 1.2 35 1.2 Proprietary 770 27.0 650 21.8 546 17.6 445 14.0 461 12.9 419 13.6 363 13.6 358 13.0 370 13.3 408 14.9 463 16.2 Foreign — — — — — — — — — — — — — — 11 0.4 11 0.4 12 0.4 12 0.4 Total 2,852 100.0 2,981 100.0 3,103 100.0 3,178 100.0 3,573 100.0 3,083 100.0 2,672 100.0 2,756 100.0 2,776 100.0 2,736 100.0 2,864 100.0 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 Fiscal year 1990 $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % Public 4-year 3,534 36.4 4,178 39.6 4,714 41.9 5,762 46.2 6,767 45.5 5,240 41.4 4,490 39.4 4,559 38.0 4,520 37.6 4,376 37.1 4,589 36.5 Private 4-year 3,349 34.5 3,767 35.7 4,084 36.3 4,490 36.0 5,566 37.4 5,094 40.2 4,798 42.1 5,229 43.6 5,274 43.9 5,089 43.1 5,399 42.9 Number of dollars (in 000,000’s) and percent of total Public 2-year 563 5.8 665 6.3 720 6.4 786 6.3 946 6.4 900 7.1 818 7.2 841 7.0 834 6.9 772 6.5 792 6.3 Private 2-year 165 1.7 169 1.6 191 1.7 200 1.6 222 1.5 205 1.6 198 1.7 112 0.9 101 0.8 98 0.8 103 0.8 Proprietary 2,097 21.6 1,773 16.8 1,541 13.7 1,235 9.9 1,371 9.2 1,232 9.7 1,088 9.6 1,140 9.5 1,190 9.9 1,363 11.5 1,581 12.6 Foreign — — — — — — — — — — — — — — 101 0.8 103 0.9 108 0.9 109 0.9 Total 9,708 100.0 10,551 100.0 11,250 100.0 12,471 100.0 14,872 100.0 12,670 100.0 11,392 100.0 11,985 100.0 12,027 100.0 11,862 100.0 12,564 100.0 NOTES: Starting with FY97, borrowers attending foreign institutions are shown separately. Prior to that year, these borrowers were included in other reported figures. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. The loan volume reported in this table includes some loans that later may be canceled. Data for earlier years appear in table A-7 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY 1997-FY 2000 Figure 7. Percentage distribution of Federal Family Education Loan (FFEL) program dollars by type of institution: FY 1990-FY 2000 Stafford Subsidized FY00 FY99 FY98 FY97 FY96 Fiscal year FY95 FY94 FY93 FY92 FY91 FY90 0 20% 41.9 39.6 36.4 40% 60% 34.5 36.5 37.1 37.6 38.0 39.4 41.4 45.5 46.2 42.9 43.1 43.9 43.6 42.1 40.2 37.4 36.0 36.3 35.7 5.8 80% 6.3 6.4 6.3 6.5 6.9 7.0 7.2 7.1 6.4 6.3 12.6 11.5 9.9 9.5 9.6 9.7 Public 2-year 9.2 9.9 Proprietary Public 4-year Private 4-year Loan Volume Commitments 13.7 16.8 21.6 100% Percent of total Stafford Subsidized dollars NOTE: Data for private 2-year and foreign institutions can be found in table 7. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 35 Table 8. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Unsubsidized loans, by type of institution: FY 1993-FY 2000 This table shows the number and percent of total FFEL program Stafford Unsubsidized loan commitments (numbers of borrowers and dollar amounts), by type of institution (public 2- and 4-year, private 2- and 4-year, proprietary, and foreign). (See also figure 8 which follows table 8.) I From FY 1993 to FY 1996 the proportion of Stafford Unsubsidized dollars committed to borrowers from public 4-year institutions fell dramatically from 59.6 percent to 33.5 percent. From FY 1997 through FY 2000 this figure held steady at about 32 percent. The proportion of Stafford Unsubsidized dollars committed to borrowers from private 4-year institutions increased from 27.8 percent in FY 1993 to a high of 48.1 percent in FY 1998. In FY 1999 and FY 2000, this proportion was 47.1 percent and 45.9 percent, respectively. From FY 1995 to FY 2000, approximately 79 percent of Stafford Unsubsidized dollars were committed to borrowers at public and private 4-year institutions. Between 12 and 15 percent of Stafford Unsubsidized dollars were committed annually to borrowers at proprietary institutions over that time. In a pattern similar to previous years, in FY 2000, borrowers from private 4-year institutions made up 33.8 percent of all Stafford Unsubsidized borrowers but received 45.9 percent of the committed Stafford Unsubsidized dollar commitments. I I 36 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 8. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Unsubsidized loans, by type of institution: FY 1993-FY 2000 Number of borrowers (in 000’s) and percent of total Fiscal year 1993* 1994 1995 1996 1997 1998 1999 2000 N % N % N % N % N % N % N % N % Public 4-year 227 59.5 569 49.4 591 38.8 528 36.6 575 36.2 602 36.0 640 36.1 715 36.0 Private 4-year 92 24.2 362 31.4 487 32.0 487 33.8 558 35.2 589 35.3 610 34.5 673 33.8 Public 2-year 36 9.5 99 8.6 146 9.6 146 10.1 164 10.3 175 10.5 172 9.7 189 9.5 Private 2-year 5 1.4 19 1.7 33 2.2 34 2.4 24 1.5 22 1.3 22 1.2 24 1.2 Proprietary 21 5.4 103 9.0 264 17.4 246 17.1 256 16.2 273 16.3 315 17.8 375 18.9 10 0.6 10 0.6 11 0.6 11 0.6 — — — Foreign — Total 382 100.0 1,152 100.0 1,521 100.0 1,441 100.0 1,587 100.0 1,672 100.0 1,770 100.0 1,987 100.0 2000 1999 1998 1997 1996 1995 1994 Fiscal year 1993* $ % $ % $ % $ % $ % $ % $ % $ % Public 4-year 607 59.6 2,014 43.9 2,228 34.6 2,170 33.5 2,458 32.0 2,626 31.7 2,893 31.9 3,391 32.3 Private 4-year 283 27.8 1,964 42.8 2,847 44.2 2,969 45.8 3,686 47.9 3,978 48.1 4,275 47.1 4,814 45.9 Number of dollars (in 000,000’s) and percent of total Public 2-year 68 6.7 229 5.0 374 5.8 383 5.9 439 5.7 470 5.7 466 5.1 524 5.0 Private 2-year 12 1.2 68 1.5 123 1.9 131 2.0 78 1.0 71 0.9 74 0.8 84 0.8 Proprietary 48 4.7 313 6.8 865 13.4 827 12.8 926 12.0 1,019 12.3 1,249 13.8 1,562 14.9 — 100.0 103 1.3 108 1.3 112 1.2 119 1.1 7,690 100.0 8,275 100.0 9,079 100.0 10,482 100.0 — — Foreign — Total 1,019 100.0 4,588 100.0 6,436 100.0 6,479 FY 1997-FY 2000 * The Stafford Unsubsidized loan program began in FY93. NOTES: Starting with FY97, borrowers attending foreign institutions are shown separately. Prior to that year, these borrowers were included in other reported figures. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. The loan volume reported in this table includes some loans that later may be canceled. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 37 Figure 8. Percentage distribution of Federal Family Education Loan (FFEL) program dollars by type of institution: FY 1990-FY 2000 Stafford Unsubsidized FY00 32.3 45.9 5.0 14.9 FY99 31.9 47.1 5.1 13.8 FY98 31.7 48.1 5.7 12.3 Public 4-year Fiscal year FY97 32.0 47.9 5.7 12.0 Private 4-year Public 2-year Proprietary FY96 33.5 45.8 5.9 12.8 FY95 34.6 44.2 5.8 13.4 FY94 43.9 42.8 5.0 6.8 FY93 0 20 40 59.6 60 80 27.8 6.7 4.7 100 Percent of total Stafford Unsubsidized dollars NOTES: The Stafford Unsubsidized loan program began in FY93. Data for private 2-year and foreign institutions can be found in table 8. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 38 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 9. Federal Family Education Loan (FFEL) program number of borrowers and dollar amounts of Parent Loans for Undergraduate Students (PLUS), by type of institution: FY 1990-FY 2000 This table shows the number and percent of total FFEL program PLUS loan commitments (numbers of borrowers and dollar amounts), by type of institution (public 2- and 4-year, private 2- and 4-year, proprietary, and foreign). (See also figure 9 which follows table 9.) I From FY 1990 to FY 2000 the proportion of PLUS dollars committed to borrowers from public 4-year institutions fell dramatically from 41.3 percent to 26.2 percent. In contrast, from FY 1990 to FY 1997, the proportion of PLUS dollars committed to borrowers from private 4-year institutions increased from 31.4 percent to 57.7 percent. In FY 1998, FY 1999, and FY 2000 this proportion was 55.2, 53.3, and 51.8 percent, respectively. From FY 1992 through FY 2000, the proportion of PLUS dollars committed to borrowers from public or private 4-year institutions fluctuated between 78 and 82 percent. Over the same time period, the proportion of PLUS dollars committed to borrowers from proprietary institutions dropped from 16.4 percent in FY 1992 to 15.4 percent in FY 1998. In FY 1999 and FY 2000 the proportion going to borrowers from proprietary institutions began to rise again, to 17.2 percent in FY 1999 and 19.5 percent in FY 2000. In FY 2000, borrowers from private 4-year institutions made up 42.4 percent of all PLUS borrowers, but received 51.8 percent of the PLUS dollar commitments. I Loan Volume Commitments I Federal Student Loan Programs Data Book I FY 1997-FY 2000 39 40 Federal Student Loan Programs Data Book I Table 9. Federal Family Education Loan (FFEL) program number of borrowers and dollar amounts of Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1990-FY 2000 Number of borrowers (in 000’s) and percent of total Fiscal year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 N % N % N % N % N % N % N % N % N % N % N % Public 4-year 99 40.7 124 42.6 143 43.5 118 41.3 114 37.6 86 32.2 74 29.9 83 30.2 92 31.4 97 32.0 99 31.4 Private 4-year 71 29.5 91 31.4 107 32.8 100 35.2 121 40.1 118 44.1 113 45.4 130 47.2 134 45.5 133 43.7 134 42.4 Public 2-year 10 4.2 13 4.4 15 4.7 11 3.8 8 2.6 7 2.7 7 2.7 6 2.3 7 2.5 7 2.3 7 2.1 Private 2-year 5 2.1 6 2.1 6 1.9 6 2.1 7 2.3 7 2.5 7 2.8 4 1.6 4 1.5 4 1.5 5 1.5 Proprietary 57 23.5 57 19.5 56 17.1 50 17.6 53 17.4 50 18.6 48 19.3 51 18.6 56 19.1 62 20.4 71 22.5 0 0.1 0 0.1 0 0.1 0 0.1 — — — — — — Foreign — Total 242 100.0 291 100.0 328 100.0 285 100.0 302 100.0 267 100.0 249 100.0 276 100.0 294 100.0 303 100.0 316 100.0 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 Fiscal year 1990 $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % Public 4-year 362 41.3 459 42.8 566 43.8 505 38.5 552 32.3 451 27.2 416 25.2 496 25.0 583 26.6 638 26.8 687 26.2 Private 4-year 275 31.4 356 33.2 442 34.2 525 40.0 839 49.1 899 54.4 919 55.6 1,145 57.7 1,210 55.2 1,265 53.3 1,356 51.8 Number of dollars (in 000,000’s) and percent of total Public 2-year 30 3.4 39 3.6 48 3.7 38 2.9 28 1.6 28 1.7 28 1.7 26 1.3 31 1.4 31 1.3 30 1.1 Private 2-year 18 2.1 21 2.0 25 1.9 28 2.1 38 2.3 38 2.3 41 2.5 23 1.2 26 1.2 29 1.2 30 1.1 Proprietary 191 21.8 197 18.4 212 16.4 216 16.5 250 14.7 238 14.4 250 15.1 291 14.7 338 15.4 409 17.2 510 19.5 3 0.2 3 0.1 4 0.2 4 0.2 — — — — — — Foreign — Total 877 100.0 1,072 100.0 1,293 100.0 1,312 100.0 1,707 100.0 1,655 100.0 1,654 100.0 1,985 100.0 2,194 100.0 2,383 100.0 2,610 100.0 NOTES: Starting with FY97, borrowers attending foreign institutions are shown separately. Prior to that year, these borrowers were included in other reported figures. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. The loan volume reported in this table includes some loans that later may be canceled. Data for earlier years appear in table A-9 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY 1997-FY 2000 Figure 9. Percentage distribution of Federal Family Education Loan (FFEL) program dollars, by type of institution: FY 1990-FY 2000 Parent Loans for Undergraduate Students (PLUS) FY00 FY99 FY98 FY97 FY96 Fiscal year FY95 FY94 FY93 FY92 FY91 FY90 0 20% 26.2 26.8 26.6 25.0 25.2 27.2 32.3 38.5 43.8 42.8 41.3 40% 60% 51.8 53.3 55.2 57.7 55.6 54.4 49.1 40.0 34.2 33.2 31.4 80% 19.5 17.2 15.4 14.7 15.1 14.4 Proprietary 14.7 16.5 Public 4-year Private 4-year Loan Volume Commitments 16.4 18.4 21.8 100% Percent of total PLUS dollars NOTE: Data for public 2-year, private 2-year, and foreign institutions can be found in table 9. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 41 Table 10. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), and Supplemental Loan For Students (SLS) loans, by type of institution: FY 1990-FY 2000 This table shows the total number and percent of FFEL program Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), and Supplemental Loan for Students (SLS) loan commitments (numbers of borrowers and dollar amounts), by type of institution (public 2- and 4-year, private 2- and 4-year, proprietary and foreign). (See also figure 10 which follows table 10.) I The total number of FFEL borrowers decreased annually from FY 1993 to FY 1996. The number of borrowers began increasing in FY 1997 and stood at 5.2 million in FY 2000. FFEL program borrowers at public 4-year institutions represented the largest group of borrowers in FY 2000 (35.8 percent) but they did not commit the largest proportion of dollars (33.7 percent). Borrowers from private 4-year institutions made up 35.2 percent of borrowers, but 45.0 percent of dollar commitments. The proportion of FFEL borrowers from proprietary institutions and the proportion of FFEL program dollars committed to borrowers from proprietary institutions remained relatively stable from FY 1993 (15.2 and 11.5 percent, respectively) to FY 1999 (16.3 and 13.0 percent, respectively). But in FY 2000 the proportion of FFEL borrowers from proprietary institutions grew to 17.6 percent and the proportion of FFEL program dollars committed to borrowers from proprietary institutions increased to 14.2 percent. The proportion of FFEL program dollars committed to borrowers at public and private 4-year institutions was relatively stable from FY 1994 to FY 1999 at about 81 percent. In FY 2000 the proportion dropped to 78.7 percent. The proportion of FFEL borrowers from public and private 2-year institutions was consistently less than the proportion of FFEL program dollars going to borrowers at these institutions. For example, in FY 2000 the proportion of FFEL program borrowers at public 2-year and private 2-year institutions was 9.7 and 1.2 percent, respectively, while the proportion of total FFEL program dollars committed was 5.2 and 0.8 percent, respectively. Between FY 1997 and FY 2000, the number of FFEL borrowers from foreign institutions increased slightly from 21,000 to 23,000. In addition, the FFEL program dollars committed to borrowers from these institutions increased from $207 million to $232 million during this time. However, the proportion of FFEL borrowers and dollars from foreign institutions remained extremely small overall with just 0.5 percent of FFEL borrowers and 1.0 percent of program dollars. I I I I I 42 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 10. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), and Supplemental Loan for Students (SLS) loans, by type of institution: FY 1990-FY 2000 Number of borrowers (in 000’s) and percent of total Fiscal year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 N % N % N % N % N % N % N % N % N % N % N % 1 Totals Number of dollars (in 000,000’s) and percent of total Foreign — — — — — — — 21 0.5 22 0.5 23 0.5 23 0.5 Total 3,599 100.0 3,797 100.0 4,003 100.0 4,480 100.0 3,948 1 100.0 3,466 1 100.0 3,028 1 100.0 4,618 100.0 4,743 100.0 4,808 100.0 5,168 100.0 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 Fiscal year 1990 $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % Public 4-year 4,232 34.4 5,093 37.7 5,907 40.0 7,731 43.3 9,762 42.5 7,918 38.3 7,076 36.3 7,513 34.7 7,729 34.4 7,907 34.0 8,667 33.7 Private 4-year 4,206 34.2 4,866 36.0 5,407 36.7 6,739 37.7 9,161 39.8 8,840 42.5 8,686 44.5 10,058 46.5 10,462 46.5 10,629 45.7 11,569 45.0 Public 2-year 658 5.4 788 5.8 891 6.0 1,030 5.8 1,282 5.6 1,301 6.3 1,228 6.3 1,306 6.0 1,336 5.9 1,269 5.5 1,346 5.2 Private 2-year 218 1.8 233 1.7 264 1.8 301 1.7 373 1.6 366 1.8 369 1.9 213 1.0 198 0.9 200 0.9 217 0.8 Proprietary 2,977 24.2 2,520 18.7 2,281 15.5 2,062 11.5 2,435 10.6 2,336 11.2 2,165 11.1 2,356 10.9 2,547 11.3 3,020 13.0 3,654 14.2 207 1.0 214 1.0 224 1.0 232 0.9 — — — — — — Foreign — Total 12,291 100.0 13,500 100.0 14,750 100.0 17,862 100.0 23,053 100.0 20,951 100.0 19,728 100.0 21,659 100.0 22,497 100.0 23,324 100.0 25,656 100.0 Public 4-year 1,202 33.4 1,395 36.7 1,575 39.4 1,952 43.6 2,384 43.3 1,930 39.6 1,620 37.2 1,693 36.7 1,725 36.4 1,742 36.2 1,849 35.8 Private 4-year 991 27.5 1,122 29.5 1,233 30.8 1,364 30.4 1,738 31.5 1,601 32.9 1,514 34.7 1,678 36.3 1,731 36.5 1,719 35.8 1,822 35.2 Public 2-year 270 7.5 310 8.2 352 8.8 395 8.8 503 9.1 505 10.4 471 10.8 495 10.7 506 10.7 480 10.0 501 9.7 Private 2-year 73 2.0 78 2.0 81 2.0 90 2.0 109 2.0 103 2.1 100 2.3 65 1.4 60 1.3 59 1.2 64 1.2 Proprietary 1,063 29.5 893 23.5 761 19.0 679 15.2 778 14.1 732 15.0 657 15.1 666 14.4 699 14.7 785 16.3 909 17.6 FY 1997-FY 2000 may not equal the sum of the individual column items since borrowers can, and do, change institutions over the course of the fiscal year. NOTES: Starting with FY97, borrowers attending foreign institutions are shown separately. Prior to that year, these borrowers were included in other reported figures. The Stafford Unsubsidized program began in FY93 and the SLS program ended in FY94. As a result, figures for FY90 to FY94 include SLS loans, and figures for FY93 to FY00 include Stafford Unsubsidized loans. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. The loan volume reported in this table includes some loans that later may be canceled. Data for earlier years appear in table A-10 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 43 Figure 10. Percentage distribution of Federal Family Education Loan (FFEL) program dollars, by type of institution: FY 1990-FY 2000 FFEL program total FY00 FY99 FY98 FY97 FY96 FY95 FY94 FY93 FY92 FY91 FY90 0 20% 33.7 34.0 34.4 34.7 36.3 38.3 42.5 43.3 40.0 37.7 34.4 40% 60% 34.2 36.7 36.0 5.4 80% 5.8 45.0 45.7 46.5 46.5 44.5 42.5 39.8 37.7 6.0 5.2 5.5 5.9 6.0 6.3 6.3 5.6 5.8 14.2 13.0 11.3 10.9 11.1 11.2 Public 2-year 10.6 11.5 15.5 18.7 24.2 100% Proprietary Public 4-year Private 4-year Fiscal year Percent of total FFEL dollars NOTE: Data for private 2-year and foreign institutions can be found in table 10. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 44 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 11. Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduates (PLUS), by type of institution: FY 1997-FY 2000 This table shows the total number and percent of FDLP borrowers and dollar commitments made to postsecondary education students between FY 1997 and FY 2000. Total FDLP commitments for all loan programs are shown in addition to the commitments for each loan program: Stafford Subsidized, Stafford Unsubsidized, and PLUS, by type of institution (public 2- and 4-year, private 2- and 4-year, and proprietary). (See also figures 11 and 12 which follow table 11.) I During FY 1997 and FY 2000, the majority of FDLP borrowers (approximately 65 percent) were from public 4-year institutions. Another 20 percent of borrowers were from private 4-year institutions, while 10 percent were from proprietary institutions. Nearly all of the remaining borrowers (5 percent) were from public 2-year institutions. The distribution of FDLP borrowers by institution type varies considerably from that of the FFEL program during this time. For example, in constant to FDLP borrowers, the percentages of FFEL borrowers from public and private 4-year institutions are similar at approximately 35 percent in FY 2000 (see table 10). In addition, the percentages of FFEL borrowers at proprietary (18 percent) and public 2-year (10 percent) institutions were higher than the percentages of FDLP borrowers at these institutions. Over the four years, approximately two-thirds of FDLP loan commitments went to borrowers from public 4-year institutions and nearly a quarter went to borrowers at private 4-year institutions. In contrast, onethird of FFEL dollars went to borrowers in public 4-year institutions and 45 percent went to borrowers at private 4-year institutions (see table 10). The distribution of dollars committed through the individual FDLP Stafford Subsidized, Stafford Unsubsidized, and PLUS programs by institution type remained relatively stable between FY 1997 and FY 2000. More than 60 percent of FDLP dollars committed in the individual programs went to borrowers from public 4-year institutions. Approximately 25 percent of FDLP dollars committed in the Stafford Subsidized and Stafford Unsubsidized programs went to borrowers at private 4-year institutions and 30 percent of FDLP PLUS dollars went to these borrowers. Between 6 and 8 percent of FDLP dollars in the individual programs went to borrowers at proprietary institutions. I Loan Volume Commitments I I Federal Student Loan Programs Data Book I FY 1997-FY 2000 45 46 Federal Student Loan Programs Data Book I Table 11. Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1997-FY 2000 Number of borrowers (in 000’s) and percent of total Loan type and fiscal year Stafford Subsidized FY97 FY98 FY99 FY00 Stafford Unsubsidized FY97 FY98 FY99 FY00 PLUS loans FY97 FY98 FY99 FY00 FDLP total FY97 FY98 FY99 FY00 N % N % N % N % N % N % N % N % N % N % N % N % N % N % N % N % Public 4-year 921 65.5 912 64.6 848 63.2 868 62.7 541 67.2 557 66.2 566 66.1 621 66.3 107 68.4 114 68.1 107 65.5 123 66.0 1,568 66.3 1,583 65.4 1,521 64.4 1,611 64.3 Private 4-year 283 20.1 285 20.2 282 21.0 303 21.9 136 17.0 146 17.3 148 17.3 171 18.3 36 22.9 38 22.6 38 23.6 43 23.2 455 19.2 469 19.4 469 19.9 517 20.6 Public 2-year 86 6.1 86 6.1 80 6.0 82 5.9 42 5.3 43 5.1 42 4.9 45 4.8 1 0.7 1 0.8 1 0.7 1 0.8 129 5.5 130 5.4 123 5.2 129 5.1 Private 2-year 3 0.2 4 0.3 4 0.3 3 0.2 2 0.3 3 0.4 3 0.4 3 0.3 0 0.2 0 0.3 0 0.3 0 0.2 6 0.2 8 0.3 8 0.3 6 0.2 Proprietary 113 8.1 124 8.8 127 9.5 128 9.2 83 10.3 93 11.0 97 11.3 97 10.3 12 7.8 14 8.2 16 9.9 18 9.8 209 8.8 230 9.5 240 10.2 243 9.7 Total1 1,405 100.0 1,411 100.0 1,342 100.0 1,384 100.0 805 100.0 842 100.0 856 100.0 936 100.0 157 100.0 167 100.0 163 100.0 186 100.0 2,367 100.0 2,420 100.0 2,361 100.0 2,506 100.0 $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % Public 4-year 4,235 68.0 4,127 67.2 3,742 65.8 3,888 64.5 2,390 66.1 2,476 65.4 2,512 65.1 2,850 64.7 686 64.3 765 63.9 713 61.3 854 61.3 7,311 67.0 7,368 66.2 6,966 65.1 7,593 64.2 Number of dollars ($ 000,000’s) and percent of total Private 4-year 1,432 23.0 1,415 23.0 1,347 23.7 1,541 25.5 821 22.7 868 22.9 887 23.0 1,090 24.7 311 29.1 346 28.9 351 30.2 423 30.3 2,564 23.5 2,629 23.6 2,585 24.1 3,054 25.8 Public 2-year 221 3.6 220 3.6 204 3.6 210 3.5 117 3.2 118 3.1 116 3.0 125 2.8 4 0.4 5 0.4 5 0.4 6 0.4 342 3.1 343 3.1 325 3.0 341 2.9 Private 2-year 9 0.1 12 0.2 11 0.2 9 0.1 7 0.2 9 0.2 9 0.2 8 0.2 2 0.1 2 0.2 2 0.2 2 0.1 18 0.2 24 0.2 22 0.2 19 0.2 Proprietary 336 5.4 367 6.0 383 6.7 385 6.4 281 7.8 316 8.3 332 8.6 334 7.6 65 6.1 78 6.5 92 7.9 108 7.8 683 6.3 761 6.8 807 7.5 827 7.0 Total 6,233 100.0 6,141 100.0 5,686 100.0 6,033 100.0 3,617 100.0 3,787 100.0 3,855 100.0 4,408 100.0 1,068 100.0 1,198 100.0 1,162 100.0 1,393 100.0 10,918 100.0 11,125 100.0 10,703 100.0 11,833 100.0 FY 1997-FY 2000 1 Total borrowers column may not equal totals provided in other tables. This column represents the sum of each distinct institution type reported for the borrower during the fiscal year. Since borrowers can change institution type over the fiscal year and they may change this at different rates than other characteristics, the total borrower counts in tables that describe other characteristics will naturally be different. NOTES: Volume measure is Direct Loan commitments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 (in thousands) indicates a number less than 500. 0 (in millions) indicates a number less than 500,000. 0.0 indicates a number less than 0.05. Data for earlier years appear in table A-11 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Figure 11. Percentage distribution of Federal Direct Loan Program (FDLP) dollars, by type of institution: FY 1997-FY 2000 Stafford Subsidized (Dollars) FY00 64.5 25.5 3.5 6.4 FY99 Fiscal year 65.8 23.7 3.6 6.7 Public 4-year Private 4-year Public 2-year FY98 67.2 23.0 3.6 6.0 Proprietary Loan Volume Commitments FY97 68.0 23.0 3.6 5.4 0 20% 40% 60% 80% 100% Percent of total Stafford Subsidized dollars NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 11. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Stafford Unsubsidized (Dollars) FY00 64.7 24.7 2.8 7.6 FY99 Fiscal year 65.1 23.0 3.0 8.6 Public 4-year Private 4-year Public 2-year FY98 65.4 22.9 3.1 8.3 Proprietary FY97 66.1 22.7 3.2 7.8 0 20% 40% 60% 80% 100% Percent of total Stafford Unsubsidized dollars NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 11. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 47 Figure 11. Percentage distribution of Federal Direct Loan Program (FDLP) dollars, by type of institution: FY 1997-FY 2000 (continued) PLUS (Dollars) FY00 61.3 30.3 7.8 FY99 Fiscal year 61.3 30.2 7.9 Public 4-year Private 4-year Proprietary FY98 63.9 28.9 6.5 FY97 64.3 29.1 6.1 0 20% 40% 60% 80% 100% Percent of total PLUS dollars NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 11. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FDLP Total (Dollars) FY00 64.2 25.8 2.9 7.0 FY99 Fiscal year 65.1 24.1 3.0 7.5 Public 4-year Private 4-year Public 2-year FY98 66.2 23.6 3.1 6.8 Proprietary FY97 67.0 23.5 3.1 6.3 0 20% 40% 60% 80% 100% Percent of total FDLP dollars NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 11. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 48 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 12. Percentage distribution of Federal Direct Loan Program (FDLP) borrowers, by type of institution: FY 1997-FY 2000 Stafford Subsidized (Borrowers) FY00 62.7 21.9 5.9 9.2 FY99 Fiscal year 63.2 21.0 6.0 9.5 Public 4-year Private 4-year Public 2-year FY98 64.6 20.2 6.1 8.8 Proprietary Loan Volume Commitments FY97 65.5 20.1 6.1 8.1 0 20% 40% 60% 80% 100% Percent of total Stafford Subsidized borrowers NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 11. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Stafford Unsubsidized (Borrowers) FY00 66.3 18.3 4.8 10.3 FY99 Fiscal year 66.1 17.3 4.9 11.3 Public 4-year Private 4-year Public 2-year FY98 66.2 17.3 5.1 11.0 Proprietary FY97 67.2 17.0 5.3 10.3 0 20% 40% 60% 80% 100% Percent of total Stafford Unsubsidized borrowers NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 11. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 49 Figure 12. Percentage distribution of Federal Direct Loan Program (FDLP) borrowers, by type of institution: FY 1997-FY 2000 (continued) PLUS (Borrowers) FY00 66.0 23.2 9.8 FY99 Fiscal year 65.5 23.6 9.9 Public 4-year Private 4-year Proprietary FY98 68.1 22.6 8.2 FY97 68.4 22.9 7.8 0 20% 40% 60% 80% 100% Percent of total PLUS borrowers NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 11. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FDLP Total (Borrowers) FY00 64.3 20.6 5.1 9.7 FY99 Fiscal year 64.4 19.9 5.2 10.2 Public 4-year Private 4-year Public 2-year FY98 65.4 19.4 5.4 9.5 Proprietary FY97 66.3 19.2 5.5 8.8 0 20% 40% 60% 80% 100% Percent of total FDLP borrowers NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 11. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 50 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 12. Federal Direct Loan Program (FDLP) number of loans and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1997FY 2000 This table shows the total number and percent of FDLP loans and dollar commitments made to postsecondary education students between FY 1997 and FY 2000. Total FDLP commitments for all loan programs are shown in addition to the commitments for each loan type: Stafford Subsidized, Stafford Unsubsidized, and PLUS, by type of institution (public 2- and 4-year, private 2- and 4-year, and proprietary). (See also figure 13 which follows table 12.) I In FY 1997-FY 2000, the largest percentage of FDLP loans (approximately 65 percent) was committed to borrowers who attended public 4-year institutions, and the smallest percentage was committed to borrowers who attended private 2-year institutions (less than 1 percent). The distribution of FDLP loans by type of institution was similar to the distribution of FDLP borrowers by type of institution presented in table 11. Loan Volume Commitments I Approximately two-thirds of loans in the individual FDLP Stafford Subsidized, Stafford Unsubsidized, and PLUS programs went to borrowers at public 4-year institutions. This figure did not change considerably between FY 1997 and FY 2000. There was some variation in the percentage of loans to borrowers at private 4-year institutions by FDLP loan program. Nearly one-quarter of all FDLP PLUS loans went to borrowers at these institutions between FY 1997 and FY 2000. However, 20 percent of FDLP Stafford Subsidized loans and 18 percent of Stafford Unsubsidized loans were committed to borrowers at private 4-year institutions. Approximately 9 percent of FDLP Stafford Subsidized, Stafford Unsubsidized, and PLUS loans when to borrowers at proprietary institutions. There was little change in this figure between FY 1997 and FY 2000. In general, the distribution of FDLP dollars by type of institution mirrors the distribution of FDLP loans by type of institution. The majority of the FDLP dollars committed in the individual programs went to borrowers from public 4-year institutions. Approximately 25 percent of FDLP dollars committed in the Stafford Subsidized and Stafford Unsubsidized programs went to borrowers at private 4-year institutions and 30 percent of FDLP PLUS dollars went to these borrowers. Between 6 and 8 percent of FDLP dollars in the individual programs went to borrowers at proprietary institutions. I I I Federal Student Loan Programs Data Book I FY 1997-FY 2000 51 52 Federal Student Loan Programs Data Book I Table 12. Federal Direct Loan Program (FDLP) number of loans and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent for Undergraduate Students (PLUS) loans, by type of institution: FY 1997-FY 2000 Number of loans (in 000’s) and percent of total Loan type and fiscal year Stafford Subsidized 1997 1998 1999 2000 Stafford Unsubsidized 1997 1998 1999 2000 PLUS loans 1997 1998 1999 2000 FDLP total 1997 1998 1999 2000 N % N % N % N % 2,017 67.3 2,051 66.6 1,930 65.3 1,999 65.2 561 18.7 580 18.8 574 19.4 629 20.5 154 5.1 156 5.1 147 5.0 151 4.9 12 0.4 13 0.4 15 0.5 13 0.4 254 8.5 278 9.0 291 9.8 274 8.9 2,998 100.0 3,078 100.0 2,957 100.0 3,066 100.0 $ % $ % $ % $ % 7,275 66.6 7,312 65.7 6,899 64.5 7,621 64.4 2,541 23.3 2,635 23.7 2,609 24.4 3,036 25.7 345 3.2 345 3.1 321 3.0 342 2.9 36 0.3 36 0.3 41 0.4 38 0.3 720 6.6 798 7.2 833 7.8 798 6.7 10,918 100.0 11,125 100.0 10,703 100.0 11,833 100.0 N % N % N % N % 122 67.4 131 67.1 120 64.4 136 65.2 43 23.6 45 23.2 45 24.2 50 24.1 1 0.7 1 0.8 1 0.7 2 0.8 0 0.3 1 0.3 1 0.3 0 0.2 15 8.1 17 8.6 19 10.3 20 9.7 181 100.0 195 100.0 187 100.0 208 100.0 $ % $ % $ % $ % 680 63.6 753 62.9 703 60.5 854 61.4 312 29.2 352 29.4 356 30.7 427 30.6 4 0.4 5 0.4 5 0.4 6 0.4 2 0.2 3 0.2 2 0.2 2 0.1 70 6.6 84 7.1 95 8.2 104 7.5 1,068 100.0 1,198 100.0 1,162 100.0 1,393 100.0 N % N % N % N % 699 68.2 728 67.4 722 66.9 773 67.3 171 16.7 184 17.0 186 17.2 211 18.4 50 4.9 51 4.7 50 4.6 53 4.6 3 0.3 4 0.3 4 0.3 3 0.2 102 10.0 114 10.5 118 10.9 109 9.5 1,025 100.0 1,081 100.0 1,079 100.0 1,148 100.0 $ % $ % $ % $ % 2,380 65.8 2,458 64.9 2,489 64.6 2,868 65.1 818 22.6 873 23.1 904 23.4 1,084 24.6 117 3.2 118 3.1 114 3.0 127 2.9 7 0.2 9 0.2 9 0.2 8 0.2 295 8.2 329 8.7 339 8.8 321 7.3 3,617 100.0 3,787 100.0 3,855 100.0 4,408 100.0 N % N % N % N % 1,196 66.7 1,192 66.1 1,088 64.3 1,090 63.8 348 19.4 351 19.5 342 20.2 368 21.5 102 5.7 103 5.7 96 5.7 96 5.6 9 0.5 9 0.5 11 0.6 10 0.6 137 7.6 148 8.2 154 9.1 145 8.5 1,792 100.0 1,803 100.0 1,691 100.0 1,709 100.0 $ % $ % $ % $ % 4,216 67.6 4,101 66.8 3,707 65.2 3,898 64.6 1,411 22.6 1,410 23.0 1,349 23.7 1,525 25.3 224 3.6 222 3.6 202 3.6 209 3.5 26 0.4 24 0.4 30 0.5 28 0.5 355 5.7 384 6.3 398 7.0 373 6.2 6,233 100.0 6,141 100.0 5,686 100.0 6,033 100.0 Public 4-year Private 4-year Public 2-year Private 2-year Proprietary Total1 Public 4-year Number of dollars ($ 000,000’s) and percent of total Private 4-year Public 2-year Private 2-year Proprietary Total FY 1997-FY 2000 NOTES: Volume measure is Direct Loan commitments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 (in thousands) indicates a number less than 500. 0.0 indicates a number less than 0.05. Data for earlier years appear in table A-12 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. Figure 13. Percentage distribution of Federal Direct Loan Program (FDLP) loans, by type of institution: FY 1997-FY 2000 Stafford Subsidized FY00 63.8 21.5 5.6 8.5 FY99 Fiscal year 64.3 20.2 5.7 9.1 Public 4-year Private 4-year Public 2-year FY98 66.1 19.5 5.7 8.2 Proprietary Loan Volume Commitments FY97 66.7 19.4 5.7 7.6 0 20% 40% 60% 80% 100% Percent of total Stafford Subsidized loans NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 12. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. Stafford Unsubsidized FY00 67.3 18.4 4.6 9.5 FY99 Fiscal year 66.9 17.2 4.6 10.9 Public 4-year Private 4-year Public 2-year FY98 67.4 17.0 4.7 10.5 Proprietary FY97 68.2 16.7 4.9 10.0 0 20% 40% 60% 80% 100% Percent of total Stafford Unsubsidized loans NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 12. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 53 Figure 13. Percentage distribution of Federal Direct Loan Program (FDLP) loans, by type of institution: FY 1997-FY 2000 (continued) Parent Loans for Undergraduate Students (PLUS) FY00 65.2 24.1 9.7 FY99 Fiscal year 64.4 24.2 10.3 Public 4-year Private 4-year Proprietary FY98 67.1 23.2 8.6 FY97 67.4 23.6 8.1 0 20% 40% 60% 80% 100% Percent of total PLUS loans NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 12. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. FDLP total FY00 65.2 20.5 4.9 8.9 FY99 Fiscal year 65.3 19.4 5.0 9.8 Public 4-year Private 4-year Public 2-year FY98 66.6 18.8 5.1 9.0 Proprietary FY97 67.3 18.7 5.1 8.5 0 20% 40% 60% 80% 100% Percent of total FDLP loans NOTE: Due to low loan volume, data for private 2-year institutions are not shown in this figure. Data for these entities can be found in table 12. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. 54 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 13. Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by academic level: FY 1997FY 2000 This table shows the number and percentage of FDLP borrowers and dollar commitments made to postsecondary education students between FY 1997 and FY 2000, by academic level (freshman, sophomore, junior, senior, and graduate students). Total FDLP commitments for all loan programs are shown in addition to the commitments for each loan program: Stafford Subsidized, Stafford Unsubsidized, and PLUS. (See also figure 14 which follows table 13.) I The percent distribution of FDLP dollars by academic levels remained relatively stable from FY 1997 through FY 2000. Graduate students received the highest percentage of FDLP dollars over the period (approximately 26 percent), followed by freshmen and seniors (approximately 20 percent each), juniors (approximately 19 percent), and sophomores (approximately 14 percent). Loan Volume Commitments I Within the Stafford Subsidized program, the percent distribution of dollar volume followed roughly the same pattern as the overall FDLP, with one small exception. In the Stafford Subsidized program, freshmen received a lower percentage (approximately 17 percent) and seniors received a higher percentage (approximately 22 percent) than in the overall FDLP distribution. Within the Stafford Unsubsidized program, graduate students received the highest percentage of FDLP dollars (approximately 33 percent). Each of the remaining academic levels had a slightly lower percentage of Stafford Unsubsidized dollars than found in the overall FDLP distribution. Within the PLUS program the parents of dependent freshmen received the highest percentage of FDLP dollars (approximately 45 percent), followed by the parents of dependent sophomores (approximately 24 percent), the parents of dependent juniors (approximately 17 percent), and the parents of dependent seniors (approximately 13 percent). Graduate students are not eligible for PLUS loans. I I Federal Student Loan Programs Data Book I FY 1997-FY 2000 55 56 Federal Student Loan Programs Data Book I Table 13. Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by academic level: FY 1997-FY 2000 Loan type and fiscal year Stafford Subsidized 1997 1998 1999 2000 Stafford Unsubsidized 1997 1998 1999 2000 PLUS loans 1997 1998 1999 2000 FDLP total 1997 1998 1999 2000 N % N % N % N % 659 27.8 689 28.5 691 29.3 670 26.7 440 18.6 443 18.3 421 17.8 447 17.8 439 18.5 441 18.2 426 18.1 447 17.8 469 19.8 488 20.2 485 20.5 503 20.1 357 15.1 357 14.8 338 14.3 437 17.5 2,367 100.0 2,420 100.0 2,361 100.0 2,506 100.0 $ % $ % $ % $ % 2,169 19.9 2,294 20.6 2,255 21.1 2,310 19.5 1,614 14.8 1,616 14.5 1,515 14.2 1,675 14.2 2,089 19.1 2,073 18.6 1,961 18.3 2,141 18.1 2,198 20.1 2,255 20.3 2,204 20.6 2,367 20.0 2,842 26.0 2,874 25.8 2,764 25.8 3,327 28.1 10,918 100.0 11,125 100.0 10,703 100.0 11,833 100.0 N % N % N % N % 71 45.2 73 43.8 73 44.9 82 44.2 38 24.1 39 23.4 37 22.8 43 23.0 27 17.3 30 17.8 29 17.6 32 17.4 19 12.1 23 13.8 24 14.7 27 14.3 — — — — — — — — 157 100.1 167 100.0 163 100.0 186 100.1 $ % $ % $ % $ % 498 46.6 536 44.8 530 45.6 635 45.6 265 24.8 285 23.8 269 23.2 323 23.2 179 16.8 206 17.2 198 17.0 234 16.8 122 11.4 155 13.0 162 14.0 187 13.4 — — — — — — — — 1,068 100.0 1,198 100.0 1,162 100.0 1,393 100.0 N % N % N % N % 201 24.9 216 25.7 224 26.2 231 24.7 136 16.8 141 16.7 139 16.3 158 16.9 147 18.3 151 18.0 154 17.9 172 18.3 168 20.9 179 21.3 187 21.8 204 21.8 154 19.1 155 18.4 152 17.8 171 18.3 805 100.0 842 100.0 856 100.0 936 100.0 $ % $ % $ % $ % 635 17.5 685 18.1 688 17.8 723 16.4 451 12.5 466 12.3 455 11.8 530 12.0 614 17.0 628 16.6 635 16.5 745 16.9 710 19.6 750 19.8 790 20.5 898 20.4 1,207 33.4 1,259 33.2 1,288 33.4 1,512 34.3 3,617 100.0 3,787 100.0 3,855 100.0 4,408 100.0 N % N % N % N % 388 27.6 400 28.3 394 29.4 357 25.8 267 19.0 263 18.6 244 18.2 246 17.8 265 18.8 260 18.4 244 18.2 243 17.5 282 20.1 286 20.3 274 20.4 273 19.7 204 14.5 202 14.3 185 13.8 266 19.2 1,405 100.0 1,411 100.0 1,342 100.0 1,384 100.0 $ % $ % $ % $ % 1,067 17.1 1,095 17.8 1,052 18.5 974 16.1 909 14.6 874 14.2 795 14.0 828 13.7 1,293 20.7 1,238 20.2 1,127 19.8 1,160 19.2 1,357 21.8 1,342 21.9 1,248 22.0 1,277 21.2 1,607 25.8 1,592 25.9 1,464 25.7 1,794 29.7 6,233 100.0 6,141 100.0 5,686 100.0 6,033 100.0 Freshman Number of borrowers (in 000’s) and percent of total Sophomore Junior Senior Graduate Total1 Freshman Number of dollars ($ 000,000’s) and percent of total Sophomore Junior Senior Graduate Total FY 1997-FY 2000 — Graduate students are not eligible to receive PLUS loans. 1 Total borrowers column may not equal totals provided in other tables. This column represents the sum of each distinct academic level reported for the borrower during the fiscal year. Since borrowers can change academic level over the fiscal year and they may change this at different rates than other characteristics, the total borrower counts in tables that describe other characteristics will naturally be different. NOTES: Volume measure is Direct Loan commitments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding.Data for earlier years appear in table A-13 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Figure 14. Percentage distribution of Federal Direct Loan Program (FDLP) dollars, by academic level: FY 1997-FY 2000 Stafford Subsidized FY00 16.1 13.7 19.2 21.2 29.7 FY99 Fiscal year 18.5 14.0 19.8 22.0 25.7 Freshman Sophomore Junior FY98 17.8 14.2 20.2 21.9 25.9 Senior Graduate Loan Volume Commitments FY97 17.1 14.6 20.7 21.8 25.8 0 20% 40% 60% 80% 100% Percent of total Stafford Subsidized dollars SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. Stafford Unsubsidized FY00 16.4 12.0 16.9 20.4 34.3 FY99 Fiscal year 17.8 11.8 16.5 20.5 33.4 Freshman Sophomore Junior FY98 18.1 12.3 16.6 19.8 33.2 Senior Graduate FY97 17.5 12.5 17.0 19.6 33.4 0 20% 40% 60% 80% 100% Percent of total Stafford Unsubsidized dollars SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 57 Figure 14. Percentage distribution of Federal Direct Loan Program (FDLP) dollars, by academic level: FY 1997-FY 2000 (continued) Parent Loans for Undergraduate Students (PLUS) FY00 45.6 23.2 16.8 13.4 FY99 Fiscal year 45.6 23.2 17.0 14.0 Freshman Sophomore Junior FY98 44.8 23.8 17.2 13.0 Senior FY97 46.6 24.8 16.8 11.4 0 20% 40% 60% 80% 100% Percent of total PLUS dollars NOTE: Graduate students are not eligible to receive PLUS loans. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. FDLP total FY00 19.5 14.2 18.1 20.0 28.1 FY99 Fiscal year 21.1 14.2 18.3 20.6 25.8 Freshman Sophomore Junior FY98 20.6 14.5 18.6 20.3 25.8 Senior Graduate FY97 19.9 14.8 19.1 20.1 26.0 0 20% 40% 60% 80% 100% Percent of total FDLP dollars SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. 58 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 14. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by academic level: FY 1997-FY 2000 This table shows the number and percentage of FFEL borrowers and dollar commitments made to postsecondary education students between FY 1997 and FY 2000, by academic level (freshman, sophomore, junior, senior, and graduate students). Total FFEL commitments for all loan programs are shown in addition to the commitments for each loan program: Stafford Subsidized, Stafford Unsubsidized, and PLUS. (See also figure 15 which follows table 14.) I In FY 1997-FY 2000, the proportion of total FFEL dollars committed to each academic level remained relatively stable. Graduate students received the largest proportion, about 32 percent annually, followed by freshmen, who received about 23 percent of the total FFEL dollars committed annually. The remaining committed dollars were spread fairly evenly across sophomores, juniors, and seniors, at about 15 percent annually. Loan Volume Commitments I Contrary to the Stafford Subsidized program, which generally mirrored the overall FFEL distribution, the Stafford Unsubsidized program committed an even greater proportion of total FFEL dollars to graduate students. About 43 percent of the total Stafford Unsubsidized dollars were committed to graduate students annually from FY 1997 to FY 2000. The proportion of Stafford Unsubsidized dollars going to freshmen, sophomores, juniors, and seniors was lower by two to four percentage points for each of the academic levels. The parents of dependent freshmen received almost half of the PLUS program dollars, while the parents of dependent sophomores received another quarter. The parents of dependent juniors and seniors received about 15 and 12 percent of total PLUS program dollars, respectively. This pattern held each year from FY 1997 to FY 2000. I Federal Student Loan Programs Data Book I FY 1997-FY 2000 59 60 Federal Student Loan Programs Data Book I Table 14. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by academic level:FY 1997-FY 2000 Loan type and fiscal year Stafford Subsidized 1997 1998 1999 2000 Stafford Unsubsidized 1997 1998 1999 2000 PLUS loans 1997 1998 1999 2000 FFEL total 1997 1998 1999 2000 N % N % N % N % N % N % N % N % N % N % N % N % N % N % N % N % Freshman 910 33.0 918 33.1 913 33.4 963 33.6 472 29.8 501 30.0 539 30.5 622 31.3 134 48.6 143 48.6 148 48.8 155 49.0 1,517 32.8 1,563 32.9 1,600 33.3 1,740 33.7 Number of borrowers (in 000’s) and percent of total Sophomore 558 20.2 562 20.2 547 20.0 572 20.0 285 18.0 302 18.0 318 18.0 358 18.0 68 24.8 73 24.9 76 25.2 78 24.8 911 19.7 936 19.7 941 19.6 1,009 19.5 Junior 417 15.1 418 15.1 411 15.0 432 15.1 225 14.2 238 14.2 253 14.3 288 14.5 41 14.8 43 14.7 44 14.6 47 14.9 683 14.8 700 14.8 708 14.7 767 14.8 Senior 445 16.2 446 16.1 433 15.8 449 15.7 254 16.0 269 16.1 281 15.9 311 15.6 32 11.8 34 11.7 35 11.4 36 11.4 732 15.8 750 15.8 748 15.6 796 15.4 Graduate 425 15.4 431 15.5 431 15.8 448 15.6 350 22.1 362 21.7 380 21.4 408 20.5 — — — — Total1 2,756 100.0 2,776 100.0 2,736 100.0 2,864 100.0 1,587 100.0 1,672 100.0 1,770 100.0 1,987 100.0 276 100.0 294 100.0 303 100.0 316 100.0 4,618 100.0 4,743 100.0 4,808 100.0 5,168 100.0 $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % Freshman 2,470 20.6 2,485 20.7 2,462 20.8 2,632 20.9 1,493 19.4 1,602 19.4 1,745 19.2 2,081 19.9 952 48.0 1,059 48.3 1,162 48.9 1,298 49.7 4,915 22.7 5,145 22.9 5,369 23.0 6,011 23.4 Number of dollars ($ 000,000’s) and percent of total Sophomore 1,840 15.4 1,841 15.3 1,788 15.1 1,897 15.1 915 11.9 974 11.8 1,047 11.5 1,219 11.6 487 24.5 541 24.7 590 24.8 630 24.1 3,243 15.0 3,356 14.9 3,425 14.7 3,746 14.6 Junior 2,038 17.0 2,031 16.9 1,975 16.6 2,114 16.8 931 12.1 996 12.0 1,082 11.9 1,280 12.2 304 15.3 331 15.1 351 14.8 387 14.8 3,274 15.1 3,359 14.9 3,408 14.6 3,781 14.7 Senior 2,093 17.5 2,087 17.4 2,004 16.9 2,116 16.8 1,051 13.7 1,129 13.6 1,215 13.4 1,400 13.4 239 12.0 259 11.8 272 11.5 295 11.3 3,383 15.6 3,475 15.4 3,491 15.0 3,811 14.9 Graduate 3,538 29.5 3,578 29.8 3,575 30.1 3,804 30.3 3,300 42.9 3,571 43.2 3,980 43.8 4,502 42.9 — — — — Total 11,985 100.0 12,027 100.0 11,862 100.0 12,564 100.0 7,689 100.0 8,275 100.0 9,079 100.0 10,482 100.0 1,985 100.0 2,194 100.0 2,383 100.0 2,610 100.0 21,659 100.0 22,497 100.0 23,324 100.0 25,656 100.0 776 16.8 793 16.7 811 16.9 856 16.6 6,837 31.6 7,149 31.8 7,555 32.4 8,306 32.4 FY 1997-FY 2000 — Graduate students are not eligible to receive PLUS loans. 1 Total borrowers column may not equal totals provided in other tables. This column represents the sum of each distinct academic level reported for the borrower during the fiscal year. Since borrowers can change academic level over the fiscal year and they may change this at different rates than other characteristics, the total borrower counts in tables that describe other characteristics will naturally be different. Totals also include data from a small number of borrowers who were missing on academic level. NOTES: Volume measure is FFEL commitments. Details may not add to totals due to rounding.Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Figure 15. Percentage distribution of Federal Family Education Loan (FFEL) dollars, by academic level: FY 1997-FY 2000 Stafford Subsidized FY00 20.9 15.1 16.8 16.8 30.3 FY99 Fiscal year 20.8 15.1 16.6 16.9 30.1 Freshman Sophomore Junior FY98 20.7 15.3 16.9 17.4 29.8 Senior Graduate Loan Volume Commitments FY97 20.6 15.4 17.0 17.5 29.5 0 20% 40% 60% 80% 100% Percent of total Stafford Subsidized dollars SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Stafford Unsubsidized FY00 19.9 11.6 12.2 13.4 42.9 FY99 Fiscal year 19.2 11.5 11.9 13.4 43.8 Freshman Sophomore Junior FY98 19.4 11.8 12.0 13.6 43.2 Senior Graduate FY97 19.4 11.9 12.1 13.7 42.9 0 20% 40% 60% 80% 100% Percent of total Stafford Unsubsidized dollars SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 61 Figure 15. Percentage distribution of Federal Family Education Loan (FFEL) dollars, by academic level: FY 1997-FY 2000 (continued) Parent Loans for Undergraduate Students (PLUS) FY00 49.7 24.1 14.8 11.3 FY99 Fiscal year 48.9 24.8 14.8 11.5 Freshman Sophomore Junior FY98 48.3 24.7 15.1 11.8 Senior FY97 48.0 24.5 15.3 12.0 0 20% 40% 60% 80% 100% Percent of total PLUS dollars NOTE: Graduate students are not eligible to receive PLUS loans. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FFEL total FY00 23.4 14.6 14.7 14.9 32.4 FY99 Fiscal year 23.0 14.7 14.6 15.0 32.4 Freshman Sophomore Junior FY98 22.9 14.9 14.9 15.4 31.8 Senior Graduate FY97 22.7 15.0 15.1 15.6 31.6 0 20% 40% 60% 80% 100% Percent of total FFEL dollars SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 62 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 15. Federal Family Education Loan (FFEL) program top 100 originators: FY 1997-FY 2000 This table summarizes key information on the top 100 lenders of the FFEL program for FY 1997-FY 2000. Lenders are ranked according to the dollar amount guaranteed in each fiscal year. The lender name, city, and state are also reported as is the percent of the total FFEL program loan amount that is captured by the top 10, 25, 50, 75, and 100 guarantors nationally. I In FY 2000, Citicorp was the largest originator of loans with $2.1 billion originated. Bank One was the largest originator of FFEL program loans in FY 1998 and FY 1999, with $1.8 billion and $1.9 billion originated, respectively. Chase Manhattan Bank was the largest originator of FFEL program loans in FY 1997 ($1.7 billion). The top 100 lenders comprised 2.4, 2.4, 2.7, and 2.8 percent of all lenders from FY 1997 to FY 2000, respectively. These same lenders comprised 87.1, 88.5, 89.7, and 90.1 percent of the national FFEL loan volume from FY 1997-FY 2000, respectively. Loan Volume Commitments I I In each of the three years from FY 1998-FY 2000, the top 10 lenders originated about one-half of all dollars committed to the FFEL program (51.8, 51.7, and 51.5 percent, respectively). From FY 1997-FY 2000, the top 50 lenders originated approximately 80 percent of all FFEL dollar commitments (78.0, 79.3, 82.1, and 82.3 percent, respectively). I Federal Student Loan Programs Data Book I FY 1997-FY 2000 63 Table 15. Federal Family Education Loan (FFEL) program top 100 originators: FY 1997-FY 2000 Amount guaranteed2 (in millions) Lender name1/State (City) Citicorp/NY (Pittsford) Chase Manhattan Bank/NY (Garden City) Bank One/OH (Columbus) Norwest Bank/SD (Sioux Falls) Bank of America/CA (Brea) First Union National Bank/CA (Sacramento) National City Bank/OH (Cleveland) Sallie Mae Education Loan Corp./VA (Reston) American Express Assurance Co./CA (San Diego) Fleet Boston Financial Corp/ RI (Providence) Pittsburgh National Corp./PA (Pittsburgh) Union Bank & Trust Company/NE (Lincoln) Education Finance Group/MA (S. Yarmouth) Penna Higher Ed Assistance Agency/PA (Harrisburg) SunTrust Bank/VA (Richmond) U S Bank/MN (St. Paul) Key Corp./OH (Cleveland) NorthStar Guarantee Inc./MN (St. Paul) FirstStar Bank/WI (Milwaukee) College Foundation Inc./NC (Raleigh) Teachers Insur. & Annuity Assn. Of Am./NY (New York) S C Student Loan Corp./SC (Columbia) Academic Management Services/MA (Swansea) Nova Southeastern University/FL (Fort Lauderdale) Educational Funding of the South/TN (Knoxville) Commerce Bank/MO (St. Louis) Marine Midland Bank/NY (Buffalo) New Hampshire Higher Ed Loan Corp./NH (Concord) Rhode Island Student Loan Authority/RI (Warwick) Amsouth Bancorp Ed Fin Group/MS (Jackson) Illinois Student Assistance Comm/IDAAP/IL (Deerfield) Mellon Bank/PA (Pittsburgh) Twin City Federal Savings Bank/MN (Minneapolis) Vermont Ed Loan Finance Program/VT (Winooski) Citizens Bank/RI (Riverside) Regions Bank/AL (Mobile) Marquette Bank/MN (Lakeville) Washington Mutual Savings Bank/WA (Seattle) Connecticut Student Loan Found./CT (Rocky Hill) Kentucky Higher Ed Student Loan Corp./KY (Louisville) Educational Funding Services Inc/TX (Waco) Ohio College of Podiatric Medicine/OH (Cleveland) Corus Bank/IL Chicago BankCorpSouth/MS (Tupelo) Arizona Educational Loan Marketing/AZ (Mesa) Maine Educational Loan Marketing/ME (Augusta) Union Planters Bank/TN (Knoxville) University of Pennsylvania/PA (Philadelphia) Bank of North Dakota/ND (Bismarck) FY00 $2,057.1 2,025.1 1,999.8 1,521.9 1,512.9 1,231.2 886.6 860.0 565.7 541.1 534.6 501.7 482.9 476.1 448.6 431.9 381.5 280.4 280.3 263.6 256.2 252.7 227.7 202.5 196.1 193.3 184.6 145.9 142.3 138.6 133.8 132.2 127.2 122.4 122.4 115.0 111.4 103.4 98.4 91.0 84.0 80.7 78.5 77.5 74.3 74.3 72.6 71.0 66.3 FY99 $1,820.5 1,728.5 1,902.0 1,501.3 1,501.3 1,269.8 824.2 479.6 321.0 562.4 459.4 452.4 568.1 400.4 380.8 397.8 338.4 165.0 232.5 193.2 219.9 228.6 168.2 163.2 173.5 171.1 168.3 142.1 134.7 143.2 101.2 149.2 117.4 99.4 63.5 96.0 75.3 120.1 79.4 73.8 103.4 82.6 78.2 73.9 51.1 79.8 70.9 60.9 67.1 FY98 $1,748.0 1,653.5 1,768.4 1,571.1 1,560.9 1,324.4 763.3 — 219.6 — 558.0 396.9 256.0 359.3 251.7 406.1 410.6 — 120.2 174.3 229.3 230.4 162.1 121.3 166.8 159.0 278.1 135.5 112.6 — 69.0 188.3 113.7 116.4 55.1 97.6 67.1 146.8 79.7 58.4 — 65.2 78.2 59.7 46.2 83.9 69.8 60.6 68.8 FY97 $1,603.6 1,727.4 1,186.5 932.0 693.1 533.7 411.6 — 49.3 — 460.9 338.3 — 346.1 82.2 402.1 801.5 — 62.9 188.1 209.2 230.1 166.5 141.8 134.4 129.1 273.7 129.7 111.2 — — 228.3 104.2 109.1 34.9 60.2 51.2 157.2 83.0 53.4 — 45.1 84.9 52.6 56.2 77.3 60.4 50.8 66.1 FY00 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 FY99 2 3 1 5 4 6 7 10 17 9 11 12 8 13 15 14 16 26 18 21 20 19 25 27 22 23 24 30 31 29 35 28 33 36 49 37 42 32 40 44 34 38 41 43 57 39 45 51 46 Rank1 FY98 2 3 1 4 5 6 7 * 21 * 8 11 16 12 17 10 9 * 31 24 20 19 26 30 25 27 15 29 35 * 45 23 34 32 56 36 48 28 40 55 * 51 41 54 62 38 44 53 46 FY97 2 1 3 4 8 10 13 * 63 * 11 17 * 15 41 14 5 * 52 25 24 22 27 29 30 32 20 31 33 * * 23 36 35 77 54 60 28 40 58 * 70 38 59 56 45 53 61 49 64 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 15. Federal Family Education Loan (FFEL) program top 100 originators: FY 1997-FY 2000 (continued) Amount guaranteed2 (in millions) Lender name1/State (City) First Tennessee Bank/TN (Maryville) Frost National Bank/TX (San Antonio) Stillwater National Bank/OK (Stillwater) Bank of Oklahoma/OK (Tulsa) Hibernia National Bank/LA (Baton Rouge) Georgia Student Finance Authority/GA (Tucker) Independence Federal Savings Bank/DC (Washington) University of Southern California FCU/CA (Los Angeles) First Security Bank/UT (Salt Lake City) EFS Finance Co./IN (Indianapolis) University of Chicago/IL (Chicago) Manufacturers & Tradeers Bank/NY (Buffalo) Zions First National Bank/UT (Salt Lake City) Marshall & Ilsley Bank/WI (Milwaukee) New Mexico Ed. Assistance Foundation/NM (Albuquerque) Comerica Bank/MI (Auburn Hills) TrustMark National Bank/MS (Jackson) Plains National Bank/TX (Lubbock) University Federal Credit Union/TX (Austin) Simmons First National Bank/AR (Pine Bluff) Old Kent Financial Corp./MI (Grand Rapids) Midwestern University/IL (Downers Grove) BancFirst/OK (Shawnee) Kirksville College of Osteopathic Med./MO (Kirksville) Boone County National Bank/MO (Columbia) SouthTrust Bank/AL (Birmingham) First Federal Savings Bank/WI (LaCrosse) Colorado Stud. Obligation Bond Auth/CO (Denver) BAC International Credit Corp./FL (Miami) Navy Federal Credit Union/VA (Merrifield) Louisiana Public Facilities Authority/LA (Baton Rouge) First State Bank of Texas/TX (Denton) Whitney National Bank/LA (New Orleans) Security Service Federal Credit Union/TX (San Antonio) Purdue Employees FCU/IN (West Lafayette) All Student Loan Corp/CA (Los Angeles) Northwestern University/IL (Evanston) First National Bank/TX (Abilene) Western Univ Of Health Sciences/CA (Pomona) Aggieland CU/TX (College Station) Michigan Higher Education Stud. Loan/MI (Lansing) Guaranty Bank & Trust Co./KS (Kansas City) Keystone Financial/PA (Williamsport) Wyoming Student Loan Corp/WY (Cheyenne) Summit Bancorp/NJ (Dayton) Arkansas Student Loan Authority/AR (Little Rock) University Of Missouri/MO (Columbia) Fifth Third Bank/OH (Cincinnati) University of Wisconsin Credit Union/WI (Madison) FY00 $65.2 65.2 62.0 60.1 59.7 59.5 57.7 56.3 53.3 53.2 51.7 49.9 49.6 49.0 48.3 47.2 46.1 46.0 45.1 42.3 42.0 41.6 38.3 38.3 38.2 36.5 36.5 35.4 34.9 34.5 33.3 32.9 32.7 31.9 31.8 30.7 30.6 29.9 29.8 29.6 29.5 29.3 28.6 28.4 28.2 28.2 27.3 26.8 25.8 FY99 $57.4 65.0 49.4 64.1 48.2 55.3 51.2 50.1 58.4 34.1 49.8 38.2 55.5 47.1 41.8 41.9 45.4 36.8 42.9 36.3 38.0 30.7 34.7 41.9 33.0 35.1 34.3 34.0 62.3 30.1 33.3 30.6 25.2 30.4 25.3 — 23.7 31.0 — 24.8 29.1 25.7 29.7 20.8 30.3 22.0 — — 22.5 FY98 $51.0 68.1 47.7 70.7 38.7 64.0 46.5 43.7 65.4 34.5 45.3 42.4 65.8 53.3 36.6 37.9 41.2 26.8 44.7 32.6 36.4 — 32.5 37.6 24.0 21.7 38.4 25.1 245.2 40.0 32.3 28.9 — 27.6 — — 43.9 31.5 — 29.6 — 24.8 31.8 — 24.5 21.8 — 114.7 21.3 FY97 $50.0 64.0 47.6 69.2 28.9 64.6 40.9 26.8 60.2 22.9 34.3 42.0 53.5 70.3 31.5 42.9 37.0 — 49.3 28.6 29.7 — 30.4 41.9 21.7 — 41.0 — 417.2 42.0 34.4 28.2 — 22.9 — — 39.1 29.8 — 33.4 — — 22.8 — 23.9 — — 84.8 — FY00 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 FY99 53 47 60 48 61 55 56 58 52 75 59 68 54 62 67 66 63 70 64 71 69 80 73 65 78 72 74 76 50 84 77 81 89 82 88 * 93 79 * 90 86 87 85 99 83 96 * * 95 Rank1 FY98 58 47 60 43 71 52 61 66 50 77 63 67 49 57 75 73 69 90 64 79 76 * 80 74 94 96 72 91 18 70 81 87 * 89 * * 65 83 * 85 * 92 82 * 93 95 * 33 98 FY97 62 51 65 48 89 50 72 92 55 96 81 67 57 47 84 66 75 * 64 90 87 * 85 69 100 * 71 * 12 68 80 91 * 95 * * 73 86 * 82 * * 97 * 94 * * 39 * Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 65 Table 15. Federal Family Education Loan (FFEL) program top 100 originators: FY97-FY 2000 (continued) Amount guaranteed2 (in millions) Lender name1/State (City) Associated Bank/WI (Stevens Point) Citizens State Bank/TX (Sealy) One Valley Bank/WV (Charleston) Guaranty Federal Bank/TX (Dallas) Michigan National Corp./MI (Farmington Hills) Oklahoma Student Loan Authority/OK (Oklahoma City) Fleet Bank/NY (Utica) Nellie Mae/MA (Braintree) Bank of Boston Corp./RI (Providence) Mercantile Bank/MO (St. Joseph) Deposit Guaranty National Bank/MS (Jackson) First American National Bank/TN (Nashville) Student Loan Funding Corp./OH (Cincinnati) Educaid, Trans World Insurance Co/CA (Sacramento) Nations Bank/MO (North Kansas City) Wells Fargo Bank/CA (Pleasant Hill) First Chicago NBD Corp/MI (Grand Blanc) Crestar Bank/VA (Richmond) SeaFirst Bank/WA (Seattle) Star Bank/OH (Cincinnati) Illinois Designated Acct Purch Prog/IL (Deerfield) Wachovia Bank/NC (Winston—Salem) Bank of Hawaii/HI (Honolulu) First American Bank/TX (Bryan) Household Bank/IL (Wood Dale) Meridian Bank/PA (Reading) San Antonio Federal Credit Union/TX (San Antonio) First Financial Bank/WI (Stevens Point) Bank of New York/NY (Harrison) Percent of amount guaranteed Top 10 as percent of Nation Top 25 as percent of Nation Top 50 as percent of Nation Top 75 as percent of Nation Top 100 as percent of Nation — Not applicable. * Lender was not ranked in top 100 in this fiscal year. 1 2 Rank1 FY97 — — — — $29.5 34.9 340.2 230.7 176.1 79.5 74.7 84.9 109.5 627.1 759.5 699.9 294.9 79.3 93.1 38.0 — 35.4 33.4 — 277.5 34.5 26.6 22.7 21.8 FY97 44.5 66.1 78.0 83.7 87.1 FY00 99 100 * * * * * * * * * * * * * * * * * * * * * * * * * * * FY99 91 97 98 100 92 94 15 17 19 35 40 52 96 * * * * * * * * * * * * * * * * FY98 88 * 100 * 86 78 13 14 22 37 39 42 59 6 7 9 17 32 40 62 67 68 84 97 99 * * * * FY97 * * * * 88 78 16 21 26 42 36 44 34 9 6 7 18 43 37 74 * 76 83 * 19 79 93 98 99 FY00 $25.4 25.3 — — — — — — — — — — — — — — — — — — — — — — — — — — — FY00 51.5 71.8 82.3 87.2 90.1 FY99 $24.6 22.0 21.0 20.8 24.0 23.3 329.2 311.4 233.2 110.7 80.3 62.9 23.9 — — — — — — — — — — — — — — — — FY99 51.7 71.4 82.1 86.9 89.7 FY98 $28.2 — 20.3 — 29.2 33.7 330.1 294.1 202.9 96.1 83.5 72.3 48.6 748.7 747.5 693.4 313.6 139.6 98.0 54.0 47.6 41.2 30.0 21.5 20.6 — — — — FY98 51.8 69.1 79.3 85.3 88.5 Arranged from highest to lowest based on the dollar amount the lender guaranteed in FY00. Amount guaranteed includes Stafford Subsidized, Stafford Unsubsidized, and PLUS loans. NOTES: The total number of lenders in FY97-FY00 were 4,252; 4,129; 3,761 and 3,592; respectively. Data for earlier years appear in table A-15 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System and Office of Student Financial Assistance Programs, Financial Partners Channel. 66 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 16. Federal Family Education Loan (FFEL) program top 100 current holders of loans as of September 30, 2000, September 30, 1999, September 30, 1998, and September 30, 1997 This table lists the top 100 holders (lender name, state, and city) of FFEL program loans for FY 1997-FY 2000 ranked by the dollar amount outstanding. I Of the thousands of lenders who participated in the FFEL program in FY 1997-FY 2000 (4,252; 4,129; 3,761; and 3,592; respectively), the top 10 lenders held an increasing proportion of the outstanding loan dollars (57.5, 57.5, 62.3, and 68.1, respectively). (See table A-15, “Federal Family Education Loan (FFEL) program annual number of active lenders: FY66-FY 2000.”) The top holder, Sallie Mae, held about onethird in FY 1997, FY 1998, and FY 1999. In FY 2000, Sallie Mae held 43.2 percent of all outstanding loan dollars. (See table 44 for FFEL program amount outstanding.) The top 100 holders held an increasing proportion of all outstanding loan dollars from FY 1997 to FY 2000. The top 100 holders held 94.6 percent in FY 1997, 94.7 percent in FY 1998, 95.3 percent in FY 1999 and 96.2 percent in FY 2000. Between FY 1998 and FY 2000, the outstanding dollar amount for Sallie Mae, the top holder, grew at a faster rate than did the rate for the outstanding FFEL program dollar amount. While the overall FFEL outstanding dollar amount increased from the previous year by 8.3 percent in FY 1999 and 10.6 percent in FY 2000, the Sallie Mae outstanding dollar amount increased by 17.6 percent in FY 1999 and 35.4 percent in FY 2000. I Loan Volume Commitments I Federal Student Loan Programs Data Book I FY 1997-FY 2000 67 Table 16. Federal Family Education Loan (FFEL) program top 100 current holders of loans as of September 30, 2000, September 30, 1999, September 30, 1998 and September 30, 1997 FY00 Amount outstanding1 (in millions) $61,058.5 13,372.6 5,099.0 5,064.4 2,929.3 2,888.8 2,775.7 2,511.6 2,196.9 1,855.9 1,785.6 1,739.6 1,599.5 1,480.4 1,378.6 1,374.5 1,318.7 1,185.9 1,120.9 1,095.5 1,078.5 990.9 969.5 941.5 938.5 830.1 769.1 766.1 693.7 675.5 654.5 608.0 595.9 591.6 568.8 566.9 533.7 524.8 516.0 513.8 512.9 510.8 454.1 447.4 441.1 429.1 422.5 420.8 420.2 410.8 FY00 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 FY99 Amount outstanding1 (in millions) $45,090.5 9,465.8 4,629.6 4,157.0 2,926.8 2,133.8 2,642.9 1,522.1 1,759.8 1,689.0 1,851.5 1,631.5 1,581.5 1,274.4 743.5 1,251.4 930.2 1,321.7 1,033.1 1,530.6 978.4 992.8 654.7 987.5 682.6 741.0 676.8 649.3 588.7 645.8 574.1 553.8 486.8 589.5 484.1 395.6 425.2 474.0 451.3 2,310.3 440.1 341.5 431.5 406.0 431.8 355.0 — 381.8 — 194.1 FY99 Rank 1 2 4 5 7 11 8 18 13 14 12 15 16 20 27 21 26 19 22 17 25 23 31 24 29 28 30 32 36 34 37 38 39 35 40 49 47 41 42 10 43 52 46 48 45 51 * 50 * 66 FY98 Amount outstanding1 (in millions) $38,351.1 8,175.5 2,002.1 2,655.4 2,962.8 1,306.5 1,210.8 1,150.0 1,452.6 1,499.2 1,833.7 304.2 1,516.5 1,056.0 416.1 1,123.1 914.2 1,153.7 805.5 2,778.5 901.3 939.5 1,020.9 525.7 530.3 646.4 574.1 604.3 584.9 5,356.4 739.2 539.7 377.8 581.3 374.6 337.0 350.9 426.8 391.7 2,179.0 368.6 — 407.8 378.9 420.0 260.4 — 336.3 — — FY98 Rank 1 2 12 7 4 18 19 22 17 16 14 55 15 24 44 23 28 21 30 6 29 27 26 41 40 33 37 34 35 3 32 39 48 36 49 52 51 42 46 11 50 * 45 47 43 62 * 53 * * FY97 Amount outstanding1 (in millions) $36,399.2 7,336.3 654.3 2,055.7 3,035.1 593.2 1,286.2 861.7 1,238.7 1,251.4 1,964.8 249.9 1,430.1 905.5 503.0 974.4 483.2 1,615.6 684.9 2,490.4 846.2 896.5 1,119.6 — 443.9 582.5 496.6 — 468.9 4,233.8 — 526.9 265.8 581.3 327.9 — 337.3 394.0 304.3 1,889.4 314.9 — 373.4 351.9 — 213.4 — 286.5 — — FY97 Rank 1 2 29 6 4 31 16 26 18 17 7 66 15 24 38 22 40 12 28 5 27 25 20 * 42 32 39 * 41 3 * 37 59 33 51 * 49 45 53 9 52 * 46 47 * 69 * 55 * * Lender name/State (City) Sallie Mae/VA (Reston) Citicorp/NY (Pittsford) First Union National Bank/CA (Sacramento) Norwest Bank Student Loan Center/SD (Sioux Falls) Key Corp./OH (Cleveland) Union Bank & Trust Company/NE (Lincoln) Bank of America Corp./CA (Brea) EFS Finance Co./IN (Indianapolis) Penna Higher Ed Assistance Agency/PA (Harrisburg) California Higher Ed Loan Authority/CA (San Francisco) Pittsburgh National Corp./PA (Pittsburgh) SunTrust Bank/VA (Richmond) Mellon Bank/PA (Pittsburgh) Missouri Higher Ed Loan Authority/MO (St. Louis) Brazos Higher Ed Authority/TX (Waco) South Carolina Student Loan Corp./SC (Columbia) Brazos Student Finance Corp./TX (Waco) National Higher Ed Loan Program/NE (Lincoln) Ill. Designated Acct. Purchasing Prog./IL (Deerfield) Bank One/OH (Columbus) College Foundation Inc./NC (Raleigh) Arizona Educational Loan Marketing/AZ (Mesa) Fleet Bank/NY (Utica) Education Finance Group/MA (S. Yarmouth) Educational Funding of the South/TN (Knoxville) Utah State Board of Regents/UT (Salt Lake City) Vermont Ed Loan Finance Program/VT (Winooski) Education Loans Inc./SD (Aberdeen) Michigan Higher Ed Stud. Loan Auth./MI (Lansing) Chase Manhattan Bank/NY (Garden City) U S Bank/MN (St. Paul) Iowa Student Loan Liquidity Corp./IA (Des Moines) New Hampshire Higher Ed Loan Corp./NH (Concord) Colorado Stud. Obligation Bond Auth./CO (Denver) Kentucky Higher Ed Stud. Loan Corp./KY (Louisville) Greater Texas Higher Ed Authority/TX (Bryan) Mississippi Higher Ed Assist. Corp./MS (Jackson) North Texas Higher Ed Auth./TX (Fort Worth) Panhandle Plains Higher Ed Auth./TX (Canyon) National City Bank/OH (Cleveland) Rhode Island Student Loan Authority/RI (Warwick) All Student Loan Corp./CA (Los Angeles) Bank of North Dakota/ND (Bismarck) New Mexico Ed Assistance Foundation/NM (Albuquerque) Corus Bank/IL (Chicago) Regions Bank/AL (Mobile) Trinity Higher Ed Authority/TX (Waco) Maine Educational Loan Marketing/ME (Augusta) Access Group/DE (Wilmington) Northstar Guarantee/MN (St. Paul) 68 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 16. Federal Family Education Loan (FFEL) program top 100 current holders of loans as of September 30, 2000, September 30, 1999, September 30, 1998 and September 30, 1997 (continued) FY00 Amount outstanding1 (in millions) 396.1 382.8 344.3 338.8 337.1 325.7 311.3 309.0 271.5 258.5 223.5 207.0 205.5 200.9 199.9 196.7 187.4 187.4 185.7 181.5 176.3 171.7 153.6 153.3 149.9 139.6 134.0 128.8 127.2 122.4 121.0 116.4 112.2 109.9 106.9 101.2 99.1 98.9 96.1 95.9 87.7 $83.9 83.5 80.0 79.7 78.6 78.6 73.8 71.2 65.9 65.8 FY00 Rank 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 FY99 Amount outstanding1 (in millions) 438.4 647.1 318.5 331.1 245.7 294.9 290.1 276.0 267.2 247.8 192.4 154.6 190.1 195.4 — 186.8 109.1 — 209.7 120.2 181.7 156.7 149.2 141.2 — 118.3 91.7 129.9 99.0 120.7 82.5 257.9 105.9 95.3 $89.7 96.7 — 94.8 87.0 — — — — — — 84.6 81.7 — — — 2.0 FY99 Rank 44 33 54 53 62 55 56 57 58 61 67 72 68 65 * 69 83 * 63 79 70 71 73 74 * 80 91 75 85 78 97 60 84 89 92 87 * 90 93 * * * * * * 96 98 * * * * FY98 Amount outstanding1 (in millions) 542.9 119.4 292.2 — 198.1 270.1 284.7 281.7 261.6 255.4 182.8 141.4 145.2 204.7 — 175.1 100.8 — 231.8 77.8 172.4 139.6 149.5 124.7 — 127.1 — 124.5 — 121.7 — 257.8 95.0 105.2 — — — 84.6 — — — — — — — — 81.9 — — — — FY98 Rank 38 84 56 * 69 60 57 58 61 64 70 75 74 68 * 71 89 * 66 100 72 76 73 81 * 80 * 82 * 83 * 63 93 87 * * * 96 * * * * * * * * 98 * * * * FY97 Amount outstanding1 (in millions) 550.5 155.7 251.3 — 162.7 252.6 274.1 241.2 245.1 185.0 159.5 123.1 129.5 181.1 — 150.9 — — 251.0 — 134.8 118.8 149.1 133.3 — 102.5 — 117.4 85.5 — — 270.8 90.7 77.8 — — — — — — — — 83.3 — — 131.8 — — 85.0 — — FY97 Rank 36 75 64 * 73 63 57 68 67 71 74 85 84 72 * 77 * * 65 * 81 87 79 82 * 90 * 88 95 * * 58 94 100 * * * * * * * * 99 * * 83 * * 96 * * Lender name/State (City) Marine Midland Bank/NY (Buffalo) Firstar Bank/WI (Milwaukee) Connecticut Student Loan Found./CT (Rocky Hill) Associated Bank/WI (Stevens Point) Oklahoma Student Loan Authority/OK (Oklahoma City) First Tennessee Bank/TN (Maryville) Montana Higher Ed Stud. Assist. Corp./MT (Helena) Commerce Bank/MO (St. Louis) Navy Federal Credit Union/VA (Merrifield) Teachers Insur. & Annuity Assn. Of Am./NY (New York) Arkansas Student Loan Authority/AR (Little Rock) Wyoming Student Loan Corp./WY (Cheyenne) South Texas Higher Ed Auth./TX (Austin) Sovereign Bank/PA (Reading) Knowledge Works Foundation/OH (Cleveland) First Federal Savings Bank/WI (LaCrosse) Education Services Foundation/MS (Jackson) Education Services Foundation/MS (Jackson) Texas Higher Ed Coordinating Board/TX (Austin) American Express Assurance Co./CA (San Diego) Manufacturers & Traders Bank/NY (Buffalo) Louisiana Public Facilities Authority/LA (Baton Rouge) San Antonio Federal Credit Union/TX (San Antonio) Twin City Federal Savings Bank (TCF)/MN (Minneapolis) Amsouth Bancorp/MS (Jackson) Stud. Loan Acquisition Auth. Of Arizona/AZ (Scottsdale) Hibernia National Bank/LA (Baton Rouge) AnchorBank/WI (Madison) Student Loan Finance Association/WA (Seattle) Union Planters Bank/TN (Knoxville) Citizens Bank/RI (Riverside) Marshall & Ilsley Bank/WI (Milwaukee) University of Pennsylvania/PA (Philadelphia) Frost National Bank/TX (San Antonio) Marquette Bank/MN (Lakeville) Charter One Bank/NY (Albany) Florida Educational Loan Marketing/FL (Tallahassee) University of Wisconsin Credit Union/WI (Madison) Abilene Higher Ed Authority/TX (Austin) Education Funding Association/ID (Fruitland) Fulton Financial Corp./PA (East Petersburg) Notre Dame Credit Union/IN (Notre Dame) Summit Bancorp/NJ (Dayton) Mission Federal Credit Union/CA (San Diego) Academic Management Services/MA (Swansea) Comerica Bank/MI (Auburn Hills) Zions First National Bank/UT (Salt Lake City) Northwest Savings Bank/PA (Warren) Central Texas Higher Ed Authority/TX (San Marcos) First Virginia Bank/VA (Falls Church) Simmons First National Bank/AR (Pine Bluff) Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 69 Table 16. Federal Family Education Loan (FFEL) program top 100 current holders of loans as of September 30, 2000, September 30, 1999, September 30, 1998 and September 30, 1997 (continued) FY00 Amount outstanding1 (in millions) — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — $141,242.7 As of 9/30/00 Top 10 as a percent of Nation Top 25 as a percent of Nation Top 50 as a percent of Nation Top 75 as a percent of Nation Top 100 as a percent of Nation — Not applicable. * Holder was not ranked in top 100 that year. 1 Lender name/State (City) Secondary Market Services/IN (Indianapolis) Nellie Mae/MA (Braintree) Student Loan Funding Corp./OH (Cincinnati) Bank of Boston Corp./RI (Providence) Guaranty Federal Bank/TX (Dallas) Mercantile Bank/MO (St. Joseph) Washington Mutual Savings Bank/WA (Seattle) Old Kent Financial Corp./MI (Grand Rapids) Deposit Guaranty National Bank/MS (Jackson) Fifth Third Bank/OH (Cincinnati) BankCorpSouth Bank/MS (Tupelo) First American National Bank/TN (Nashville) Harvard University/MA (Cambridge) Georgia Student Finance Authority/GA (Tucker) SouthTrust Bank/AL (Birmingham) Nations Bank/MO (North Kansas City) Student Ed Loan Marketing Corp/CA (Los Angeles) First Financial Bank/WI (Stevens Point) Educaid, TransWorld Insurance Co/CA (Sacramento) Wells Fargo Bank/CA (Pleasant Hill) Indiana Secondary Market/IN (Indianapolis) Crestar Bank/VA (Richmond) First Chicago NBD Corp/MI (Grand Blanc) Albany Savings Bank/NY (Albany) Barnett Bank/FL (Jacksonville) Signet Bank/MD (Baltimore) First Union National Bank/NJ (North Brunswick) Household Bank/IL (Wood Dale) First Bank System/MN (Minneapolis) Student Loan Finance Corp/SD (Aberdeen) Nations Bank/MO (St. Louis) Corestates/DE (Wilmington) BAC International Credit Corp/FL (Miami) First National Bank of Commerce/LA (New Orleans) Central Bank/LA (Monroe) First of America Bank/MI (Kalamazoo) Seattle First National Bank/WA (Seattle) Bank of Mississippi/MS (Tupelo) SLF of Idaho Marketing Assn., Inc./ID (Fruitland) Total FY00 Rank * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * FY99 Amount outstanding1 (in millions) 5,236.8 3,576.9 2,629.1 261.4 201.1 128.1 126.3 117.2 110.5 96.8 96.1 86.7 85.4 80.0 78.5 — — — — — — — — — — — — — — — — — — — — — — — — $126,383.3 As of 9/30/99 62.3 78.6 89.1 93.4 95.3 FY99 Rank 3 6 9 59 64 76 77 81 82 86 88 94 95 99 100 * * * * * * * * * * * * * * * * * * * * * * * * FY98 Amount outstanding1 (in millions) 2,894.4 2,198.5 2,230.2 247.2 — 118.9 113.4 130.0 133.3 — 95.5 — $128.3 83.2 — 2,361.4 311.7 275.2 1,963.4 1,175.4 229.9 1,026.6 803.5 97.9 — — — — — — — — — — — — — — — $114,788.9 As of 9/30/98 57.5 75.3 87.4 92.5 94.7 FY98 Rank 5 10 9 65 * 85 86 78 77 * 92 * 79 97 * 8 54 59 13 20 67 25 31 90 * * * * * * * * * * * * * * * FY97 Amount outstanding1 (in millions) 1,880.2 1,886.0 1,889.9 263.4 — 119.1 — 198.2 141.7 — — — $153.6 — — — 99.0 274.7 1,477.9 1,074.4 256.1 396.5 933.0 96.8 1,592.1 1,132.2 654.3 612.9 575.8 573.4 427.7 337.1 292.5 254.1 150.3 105.1 90.8 83.5 83.4 $104,268.4 As of 9/30/97 57.5 74.6 86.5 92.0 94.6 FY97 Rank 11 10 8 60 * 86 * 70 80 * * * 76 * * * 91 56 14 21 61 44 23 92 13 19 29 30 34 35 43 50 54 62 78 89 93 97 98 68.1 81.0 90.5 94.6 96.2 Amount outstanding includes Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), Supplemental Loan for Students (SLS), and Consolidation loans. NOTES: Details may not add to totals due to rounding. Securitized loans are reported under the original holder. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 799 and compiled data. 70 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 17. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized loans, by guaranty agency: FY 1997-FY 2000 This table shows an accounting of Stafford Subsidized loan volume commitments for each guaranty agency for FY 1997-FY 2000. The number of loans, dollar amount, percent change from prior year, percent share of total Stafford Subsidized loans guaranteed, and rankings of all guaranty agencies are tabulated for each agency. (Summary information for this table is discussed in table 5.) I The dollar volume of Stafford Subsidized loan commitments held steady at approximately $12.0 billion in FY 1997, FY 1998, and FY 1999. From FY 1999 to FY 2000 Stafford Subsidized loan commitments grew 5.9 percent to $12.6 billion. USAF (United Student Aid Funds), the guaranty agency with the largest Stafford Subsidized loan commitments, guaranteed approximately 25 percent of the loan dollars for each of the four years from FY 1997-FY 2000. Each year, USAF guaranteed more than $3 billion in Stafford Subsidized loans. Loan Volume Commitments I I Pennsylvania had the second largest Stafford Subsidized loan commitments in FY 1997. However, California rose to second place thereafter, guaranteeing approximately $1.1 billion annually during FY 1998-FY 2000. The guaranty agencies ranked as the top five each year (USAF, California, Pennsylvania, Wisconsin, New York (FY 1997 and FY 2000 only), and Texas (FY 1998 and FY 1999 only)) accounted for over one-half of the total amount of Stafford Subsidized volume in FY 1997-FY 2000. During these four years, the share that the top five agencies guaranteed of the total Stafford Subsidized loan dollars was 57.9, 56.3, 56.2, and 56.3 percent, respectively. From FY 1997-FY 2000, three guaranty agencies (Nebraska, Oregon, and South Dakota) increased their Stafford Subsidized loan dollar commitments more than 40 percent. Five guaranty agencies (Louisiana, Maine, Montana, New Hampshire, and Washington) decreased their Stafford Subsidized loan dollar commitments more than 10 percent. I I Federal Student Loan Programs Data Book I FY 1997-FY 2000 71 72 Federal Student Loan Programs Data Book I Table 17. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized loans, by guaranty agency: FY 1997-FY 2000 FY97 Guaranty agency1 Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total Loans 29,338 230,910 51,663 29,717 31,832 110,772 41,238 87,457 32,351 51,220 44,291 24,729 83,219 54,114 46,706 20,449 48,263 26,428 37,067 19,155 239,909 30,342 18,013 61,887 12,791 290,713 23,856 40,099 32,922 59,217 244,510 840,353 36,978 14,433 60,701 293,791 3,401,434 Dollars ($ 000’s) $97,303 905,659 160,137 108,862 89,909 344,167 125,035 322,169 113,989 168,238 145,196 81,672 373,543 153,230 149,106 64,594 189,248 90,466 118,462 57,306 865,438 99,016 51,337 187,196 39,030 1,024,516 73,110 135,821 100,791 189,294 827,023 3,166,761 128,798 52,577 208,494 977,043 $11,984,533 FY98 Loans 30,798 253,740 51,274 28,440 33,055 114,897 43,745 89,001 32,972 52,424 37,617 24,924 77,777 55,584 55,940 19,213 66,061 24,880 39,587 18,504 229,459 31,905 19,989 62,253 15,899 282,133 22,283 40,858 42,560 61,223 248,393 810,433 44,845 14,492 57,099 273,368 3,407,625 Dollars ($ 000’s) $99,749 1,045,553 160,657 108,572 92,148 351,952 130,254 333,008 115,838 171,625 122,301 83,009 352,928 157,847 185,147 60,877 290,789 88,330 120,579 56,154 837,460 102,567 57,253 191,126 49,908 959,592 68,927 136,088 126,941 197,664 843,484 3,044,368 160,283 52,711 194,318 877,383 $12,027,391 FY99 Loans 29,345 262,975 50,710 28,356 33,376 119,727 38,301 87,540 32,682 57,461 35,301 22,728 76,288 56,950 56,943 18,550 71,345 22,794 42,441 18,778 220,337 31,474 20,143 57,980 18,574 262,294 23,315 37,411 43,643 65,394 247,689 793,321 38,712 14,066 48,912 252,986 3,338,842 Dollars ($ 000’s) $95,420 1,061,455 159,274 110,198 93,572 357,017 118,187 324,154 113,169 190,611 114,999 76,905 356,541 155,026 190,318 59,544 300,274 82,960 125,609 56,696 814,995 101,058 57,735 179,384 59,258 896,043 75,161 126,194 132,829 214,313 846,834 3,028,715 133,928 52,120 164,316 837,260 $11,862,070 FY00 Loans 34,723 297,574 50,417 30,057 34,243 134,449 39,657 84,794 37,307 66,246 38,115 21,274 80,350 57,912 59,986 16,060 80,462 21,745 49,813 18,006 251,505 37,599 19,490 55,886 19,122 282,734 22,452 37,375 47,960 70,400 255,485 806,174 38,751 17,143 39,496 265,468 3,520,230 Dollars ($ 000’s) $116,268 1,155,828 165,078 115,832 98,631 391,285 124,315 314,261 131,350 220,443 126,838 71,238 368,572 159,240 203,914 50,838 342,743 79,301 149,257 55,745 951,938 127,742 57,558 171,478 60,687 980,043 70,533 132,298 148,509 235,186 878,258 3,090,905 131,385 64,165 129,641 892,279 $12,563,582 Percent change Percent change FY99-FY00 FY97-FY00 Loans Loans Dollars Loans Dollars 18.3 13.2 -0.6 6.0 2.6 12.3 3.5 -3.1 14.2 15.3 8.0 -6.4 5.3 1.7 5.3 -13.4 12.8 -4.6 17.4 -4.1 14.1 19.5 -3.2 -3.6 3.0 7.8 -3.7 -0.1 9.9 7.7 3.1 1.6 0.1 21.9 -19.3 4.9 5.4 21.8 8.9 3.6 5.1 5.4 9.6 5.2 -3.1 16.1 15.7 10.3 -7.4 3.4 2.7 7.1 -14.6 14.1 -4.4 18.8 -1.7 16.8 26.4 -0.3 -4.4 2.4 9.4 -6.2 4.8 11.8 9.7 3.7 2.1 -1.9 23.1 -21.1 6.6 5.9 18.4 28.9 -2.4 1.1 7.6 21.4 -3.8 -3.0 15.3 29.3 -13.9 -14.0 -3.4 7.0 28.4 -21.5 66.7 -17.7 34.4 -6.0 4.8 23.9 8.2 -9.7 49.5 -2.7 -5.9 -6.8 45.7 18.9 4.5 -4.1 4.8 18.8 -34.9 -9.6 3.5 19.5 27.6 3.1 6.4 9.7 13.7 -0.6 -2.5 15.2 31.0 -12.6 -12.8 -1.3 3.9 36.8 -21.3 81.1 -12.3 26.0 -2.7 10.0 29.0 12.1 -8.4 55.5 -4.3 -3.5 -2.6 47.3 24.2 6.2 -2.4 2.0 22.0 -37.8 -8.7 4.8 FY97 0.9 6.8 1.5 0.9 0.9 3.3 1.2 2.6 1.0 1.5 1.3 0.7 2.4 1.6 1.4 0.6 1.4 0.8 1.1 0.6 7.1 0.9 0.5 1.8 0.4 8.5 0.7 1.2 1.0 1.7 7.2 24.7 1.1 0.4 1.8 8.6 100.0 FY98 0.9 7.4 1.5 0.8 1.0 3.4 1.3 2.6 1.0 1.5 1.1 0.7 2.3 1.6 1.6 0.6 1.9 0.7 1.2 0.5 6.7 0.9 0.6 1.8 0.5 8.3 0.7 1.2 1.2 1.8 7.3 23.8 1.3 0.4 1.7 8.0 100.0 FY99 0.9 7.9 1.5 0.8 1.0 3.6 1.1 2.6 1.0 1.7 1.1 0.7 2.3 1.7 1.7 0.6 2.1 0.7 1.3 0.6 6.6 0.9 0.6 1.7 0.6 7.9 0.7 1.1 1.3 2.0 7.4 23.8 1.2 0.4 1.5 7.6 100.0 FY00 1.0 8.5 1.4 0.9 1.0 3.8 1.1 2.4 1.1 1.9 1.1 0.6 2.3 1.6 1.7 0.5 2.3 0.6 1.4 0.5 7.1 1.1 0.6 1.6 0.5 8.0 0.6 1.1 1.4 2.0 7.3 22.9 1.1 0.5 1.1 7.5 100.0 FY97 0.8 7.6 1.3 0.9 0.8 2.9 1.0 2.7 1.0 1.4 1.2 0.7 3.1 1.3 1.2 0.5 1.6 0.8 1.0 0.5 7.2 0.8 0.4 1.6 0.3 8.5 0.6 1.1 0.8 1.6 6.9 26.4 1.1 0.4 1.7 8.2 100.0 Percent share of total Dollars FY98 0.8 8.7 1.3 0.9 0.8 2.9 1.1 2.8 1.0 1.4 1.0 0.7 2.9 1.3 1.5 0.5 2.4 0.7 1.0 0.5 7.0 0.9 0.5 1.6 0.4 8.0 0.6 1.1 1.1 1.6 7.0 25.3 1.3 0.4 1.6 7.3 100.0 FY99 0.8 8.9 1.3 0.9 0.8 3.0 1.0 2.7 1.0 1.6 1.0 0.6 3.0 1.3 1.6 0.5 2.5 0.7 1.1 0.5 6.9 0.9 0.5 1.5 0.5 7.6 0.6 1.1 1.1 1.8 7.1 25.5 1.1 0.4 1.4 7.1 100.0 FY00 0.9 9.2 1.3 0.9 0.8 3.1 1.0 2.5 1.0 1.8 1.0 0.6 2.9 1.3 1.6 0.4 2.7 0.6 1.2 0.4 7.6 1.0 0.5 1.4 0.5 7.8 0.6 1.1 1.2 1.9 7.0 24.6 1.0 0.5 1.0 7.1 100.0 FY 1997-FY 2000 Table 17. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized loans, by guaranty agency: FY 1997-FY 2000 (continued) Ranking in FY97-FY00 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 1 Rank FY00 USAF California Pennsylvania New York Wisconsin Texas Florida Massachusetts Nebraska Illinois Tennessee Kentucky Missouri Oklahoma Colorado Michigan New Jersey South Dakota South Carolina Utah Iowa Washington North Carolina Louisiana Georgia Arkansas Connecticut ECMC New Hampshire Maine Rhode Island Vermont Oregon North Dakota New Mexico Montana Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin FY972 27 4 15 24 29 8 21 9 23 14 18 30 7 16 17 32 12 28 22 33 5 26 35 13 36 2 31 19 25 11 6 1 20 34 10 3 FY982 27 2 16 25 28 8 20 9 24 15 22 30 7 18 14 32 10 29 23 34 6 26 33 13 36 3 31 19 21 11 5 1 17 35 12 4 FY992 27 2 16 25 28 7 22 9 24 12 23 30 8 17 13 32 10 29 21 35 6 26 34 14 33 3 31 20 19 11 4 1 18 36 15 5 FY002 26 2 15 27 28 7 25 10 21 12 24 30 8 16 13 36 FY97 USAF Pennsylvania Wisconsin California New York Texas Massachusetts Florida Illinois Washington Tennessee Nebraska Oklahoma Kentucky Colorado Michigan Missouri Louisiana South Carolina Utah Georgia New Jersey Iowa Connecticut South Dakota North Carolina Arkansas New Hampshire ECMC Maine Rhode Island Montana New Mexico Vermont North Dakota Oregon FY98 USAF California Pennsylvania Wisconsin Texas New York Massachusetts Florida Illinois Nebraska Tennessee Washington Oklahoma Missouri Kentucky Colorado Utah Michigan South Carolina Georgia South Dakota Louisiana New Jersey Iowa Connecticut North Carolina Arkansas ECMC New Hampshire Maine Rhode Island Montana North Dakota New Mexico Vermont Oregon FY99 USAF California Pennsylvania Texas Wisconsin New York Florida Massachusetts Illinois Nebraska Tennessee Kentucky Missouri Oklahoma Washington Colorado Michigan Utah South Dakota South Carolina New Jersey Georgia Louisiana Iowa Connecticut North Carolina Arkansas ECMC New Hampshire Maine Rhode Island Montana Oregon North Dakota New Mexico Vermont Loan Volume Commitments 9 29 17 35 4 23 34 14 33 3 31 19 18 11 6 1 20 32 22 5 From FY97 to FY00, USAF was the designated guarantor for AK, AZ, HI, IN, KS, MD, MS, NV, PI, and WY; MA was the designated guarantor for DC; WA for ID; WI for MN, OH, PR, and VI; KY for AL; PA for DE and WV; and ECMC for VA. The lowest rank for all four years was 36. 2 NOTES: “Commitments” excludes Consolidation loans, PLUS, and SLS refinanced loans authorized under the Higher Education Amendments of 1986. The loan volume reported in this table includes some loans that later may be canceled. Rankings are based on dollar amounts. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0.0 indicates a number less than 0.05. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 73 Table 18. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized loans, by guaranty agency: FY 1997-FY 2000 This table shows an accounting of Stafford Unsubsidized loan volume commitments for each guaranty agency for FY 1997-FY 2000. The number of loans, dollar amount, percent change from prior year, percent share of total Stafford Unsubsidized guaranteed, and rankings of all guaranty agencies are tabulated for each agency. The Stafford Unsubsidized loan program was initiated in FY 1994 and replaced the Supplemental Loan for Students (SLS) program. (Summary information for this table is discussed in table 5.) I In its fourth year of operation (FY 1997), the Stafford Unsubsidized program guaranteed 2.0 million loans with a dollar volume of $7.7 billion. By FY 2000, the number of Stafford Unsubsidized loans had increased by 24.8 percent to 2.5 million, and the dollar volume increased by 36.3 percent to $10.5 billion. Although USAF guaranteed the largest number of Stafford Unsubsidized loans between FY 1997 and FY 2000, its share of the total loan volume decreased during this time. USAF guaranteed 30.7 percent of Stafford Unsubsidized loan volume in FY 1997 compared to 27.9 percent in FY 2000. Wisconsin guaranteed the second largest portion of Stafford Unsubsidized loan volume in FY 1997 with nearly $650 million. From FY 1998 to FY 2000, California assumed this rank by guaranteeing $777 million in FY 1998, $853 million in FY 1999, and $1.0 billion in FY 2000. From FY 1997 to FY 2000, the five guaranty agencies with the highest volume (USAF, California, Pennsylvania, Wisconsin, and New York) guaranteed approximately 60 percent of Stafford Unsubsidized dollars. I I I 74 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 18. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized loans, by guaranty agency: FY 1997-FY 2000 FY97 Guaranty agency1 Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total Loans 16,809 129,980 31,384 15,024 20,722 59,565 24,263 44,207 17,515 29,910 19,541 10,647 46,733 32,706 22,926 11,327 31,586 13,560 19,759 8,315 129,829 18,134 8,149 35,175 8,109 171,500 13,469 23,048 15,913 33,478 140,155 541,255 13,530 7,724 37,175 164,818 1,967,940 Dollars ($ 000’s) $58,683 576,070 100,603 56,917 56,494 180,554 77,130 180,137 81,272 95,065 62,116 32,478 248,349 94,834 73,876 34,334 178,169 48,673 65,529 23,908 519,025 59,908 22,174 107,688 26,530 648,469 43,973 77,339 48,459 106,436 484,600 2,359,673 45,552 34,409 130,592 649,237 $7,689,258 FY98 Loans 17,721 157,150 32,834 15,085 21,992 66,183 26,723 48,372 18,962 31,940 19,357 11,393 46,183 34,164 29,611 10,678 50,351 12,160 22,920 8,710 132,201 20,103 9,764 37,744 10,028 170,018 12,785 23,954 21,912 36,003 147,474 540,396 16,986 8,205 36,937 160,746 2,067,745 Dollars ($ 000’s) $59,916 777,145 109,931 60,023 60,860 197,493 83,461 208,915 89,243 103,243 61,102 37,443 250,326 103,688 103,076 32,008 309,399 46,083 75,745 26,287 548,626 67,642 26,974 120,173 34,590 618,260 43,137 80,357 66,839 117,714 520,002 2,410,056 58,958 37,807 128,359 600,609 $8,275,488 FY99 Loans 17,437 175,558 34,564 15,378 25,065 73,923 25,042 50,206 19,429 37,196 20,824 11,274 47,112 36,166 33,548 10,838 56,373 12,327 28,014 8,719 135,524 21,826 10,754 37,097 13,005 175,453 13,612 24,946 25,092 41,123 158,876 558,813 16,648 8,120 32,162 163,224 2,175,268 Dollars ($ 000’s) $60,789 852,884 119,072 65,321 72,570 222,503 82,946 217,583 92,403 126,740 67,971 39,236 271,885 110,239 120,460 33,288 338,665 49,559 91,388 27,349 603,190 76,679 31,081 124,011 46,571 660,130 47,574 88,558 79,628 139,460 597,354 2,655,149 57,562 38,544 114,528 656,351 $9,079,219 FY00 Loans 21,654 211,858 37,221 17,103 27,730 86,888 28,512 53,412 23,621 47,317 23,995 11,764 51,605 40,186 38,072 9,779 68,563 12,977 34,024 9,063 162,847 29,016 11,513 36,772 13,896 203,684 13,969 27,204 30,771 46,253 177,258 602,225 17,683 10,393 27,153 190,092 2,456,073 Dollars ($ 000’s) $80,572 1,001,977 135,227 72,723 85,196 262,247 97,954 239,011 115,200 161,694 80,990 42,095 292,440 125,711 138,800 29,960 426,819 52,079 114,885 30,694 740,758 110,252 33,798 125,535 49,441 811,793 49,053 101,766 104,918 167,404 686,279 2,921,063 60,973 47,987 99,627 785,327 $10,482,251 Percent change Percent change FY99-FY00 FY97-FY00 Loans Loans Dollars Loans Dollars 24.2 20.7 7.7 11.2 10.6 17.5 13.9 6.4 21.6 27.2 15.2 4.3 9.5 11.1 13.5 -9.8 21.6 5.3 21.5 3.9 20.2 32.9 7.1 -0.9 6.9 16.1 2.6 9.1 22.6 12.5 11.6 7.8 6.2 28.0 -15.6 16.5 12.9 32.5 17.5 13.6 11.3 17.4 17.9 18.1 9.8 24.7 27.6 19.2 7.3 7.6 14.0 15.2 -10.0 26.0 5.1 25.7 12.2 22.8 43.8 8.7 1.2 6.2 23.0 3.1 14.9 31.8 20.0 14.9 10.0 5.9 24.5 -13.0 19.7 15.5 28.8 63.0 18.6 13.8 33.8 45.9 17.5 20.8 34.9 58.2 22.8 10.5 10.4 22.9 66.1 -13.7 117.1 -4.3 72.2 9.0 25.4 60.0 41.3 4.5 71.4 18.8 3.7 18.0 93.4 38.2 26.5 11.3 30.7 34.6 -27.0 15.3 24.8 37.3 73.9 34.4 27.8 50.8 45.2 27.0 32.7 41.7 70.1 30.4 29.6 17.8 32.6 87.9 -12.7 139.6 7.0 75.3 28.4 42.7 84.0 52.4 16.6 86.4 25.2 11.6 31.6 116.5 57.3 41.6 23.8 33.9 39.5 -23.7 21.0 36.3 FY97 0.9 6.6 1.6 0.8 1.1 3.0 1.2 2.2 0.9 1.5 1.0 0.5 2.4 1.7 1.2 0.6 1.6 0.7 1.0 0.4 6.6 0.9 0.4 1.8 0.4 8.7 0.7 1.2 0.8 1.7 7.1 27.5 0.7 0.4 1.9 8.4 100.0 FY98 0.9 7.6 1.6 0.7 1.1 3.2 1.3 2.3 0.9 1.5 0.9 0.6 2.2 1.7 1.4 0.5 2.4 0.6 1.1 0.4 6.4 1.0 0.5 1.8 0.5 8.2 0.6 1.2 1.1 1.7 7.1 26.1 0.8 0.4 1.8 7.8 100.0 FY99 0.8 8.1 1.6 0.7 1.2 3.4 1.2 2.3 0.9 1.7 1.0 0.5 2.2 1.7 1.5 0.5 2.6 0.6 1.3 0.4 6.2 1.0 0.5 1.7 0.6 8.1 0.6 1.1 1.2 1.9 7.3 25.7 0.8 0.4 1.5 7.5 100.0 FY00 0.9 8.6 1.5 0.7 1.1 3.5 1.2 2.2 1.0 1.9 1.0 0.5 2.1 1.6 1.6 0.4 2.8 0.5 1.4 0.4 6.6 1.2 0.5 1.5 0.6 8.3 0.6 1.1 1.3 1.9 7.2 24.5 0.7 0.4 1.1 7.7 100.0 FY97 0.8 7.5 1.3 0.7 0.7 2.3 1.0 2.3 1.1 1.2 0.8 0.4 3.2 1.2 1.0 0.4 2.3 0.6 0.9 0.3 6.8 0.8 0.3 1.4 0.3 8.4 0.6 1.0 0.6 1.4 6.3 30.7 0.6 0.4 1.7 8.4 100.0 Percent share of total Dollars FY98 0.7 9.4 1.3 0.7 0.7 2.4 1.0 2.5 1.1 1.2 0.7 0.5 3.0 1.3 1.2 0.4 3.7 0.6 0.9 0.3 6.6 0.8 0.3 1.5 0.4 7.5 0.5 1.0 0.8 1.4 6.3 29.1 0.7 0.5 1.6 7.3 100.0 FY99 0.7 9.4 1.3 0.7 0.8 2.5 0.9 2.4 1.0 1.4 0.7 0.4 3.0 1.2 1.3 0.4 3.7 0.5 1.0 0.3 6.6 0.8 0.3 1.4 0.5 7.3 0.5 1.0 0.9 1.5 6.6 29.2 0.6 0.4 1.3 7.2 100.0 FY00 0.8 9.6 1.3 0.7 0.8 2.5 0.9 2.3 1.1 1.5 0.8 0.4 2.8 1.2 1.3 0.3 4.1 0.5 1.1 0.3 7.1 1.1 0.3 1.2 0.5 7.7 0.5 1.0 1.0 1.6 6.5 27.9 0.6 0.5 1.0 7.5 100.0 FY 1997-FY 2000 75 Table 18. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized loans, by guaranty agency: FY 1997-FY 2000 (continued) Ranking in FY97-FY00 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 1 Rank FY00 USAF California Pennsylvania Wisconsin New York Texas Nebraska Massachusetts Florida Illinois Tennessee Kentucky Missouri Colorado Michigan Oklahoma Iowa New Jersey North Carolina South Dakota South Carolina Washington Georgia ECMC Louisiana Arkansas Connecticut Utah New Hampshire Oregon Rhode Island Vermont Maine North Dakota New Mexico Montana Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin FY972 24 4 14 25 26 8 19 9 17 15 22 33 7 16 20 32 10 27 21 35 5 23 36 12 34 3 30 18 28 13 6 1 29 31 11 2 FY982 27 2 14 26 25 10 19 9 18 16 24 32 8 15 17 34 7 29 21 36 5 22 35 12 33 3 30 20 23 13 6 1 28 31 11 4 FY992 27 2 15 26 24 9 21 10 18 12 25 32 8 17 14 34 7 29 19 36 5 23 35 13 31 3 30 20 22 11 6 1 28 33 16 4 FY002 26 2 14 27 24 9 23 10 17 12 25 33 8 15 13 36 7 29 18 35 5 19 34 16 30 3 31 21 20 11 6 1 28 32 22 4 FY97 USAF Wisconsin Pennsylvania California New York Texas Massachusetts Florida Illinois Nebraska Washington Oklahoma Tennessee Colorado Kentucky Michigan Iowa South Carolina Georgia Missouri New Jersey Louisiana North Carolina Arkansas Connecticut ECMC New Hampshire South Dakota Utah Rhode Island Vermont Montana Maine Oregon New Mexico North Dakota FY98 USAF California Pennsylvania Wisconsin New York Texas Nebraska Massachusetts Illinois Florida Washington Oklahoma Tennessee Colorado Michigan Kentucky Missouri Iowa Georgia South Carolina New Jersey North Carolina South Dakota Louisiana ECMC Connecticut Arkansas Utah New Hampshire Rhode Island Vermont Maine Oregon Montana North Dakota New Mexico FY99 USAF California Pennsylvania Wisconsin New York Texas Nebraska Massachusetts Florida Illinois Tennessee Kentucky Oklahoma Missouri Colorado Washington Michigan Iowa New Jersey South Carolina Georgia South Dakota North Carolina ECMC Louisiana Connecticut Arkansas Utah New Hampshire Rhode Island Oregon Maine Vermont Montana North Dakota New Mexico From FY97 to FY00, USAF was the designated guarantor for AK, AZ, HI, IN, KS, MD, MS, NV, PI, and WY; MA was the designated guarantor for DC; WA for ID; WI for MN, OH, PR, and VI; KY for AL; PA for DE and WV; and ECMC for VA. The lowest rank for all four years was 36. 2 NOTES: “Commitments” excludes Consolidation loans, PLUS, and SLS refinanced loans authorized under the Higher Education Amendments of 1986. The loan volume reported in this table includes some loans that later may be canceled. Rankings are based on dollar amounts. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0.0 indicates a number less than 0.05. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 76 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 19. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997-FY 2000 This table shows an accounting of PLUS loan volume commitments for each guaranty agency for FY 1997FY 2000. The number of loans, dollar amount, percent change from prior year, percent share of total PLUS loans guaranteed, and rankings of all guaranty agencies are tabulated for each agency. The PLUS loan program was initiated in FY 1981. (Summary information for this table is discussed in table 5). I PLUS loan volume commitments grew nearly 10 percent each year between FY 1997 and FY 2000. Overall, PLUS loan volume increased by 31.5 percent from $1.9 billion in FY 1997 to $2.6 billion in FY 2000. USAF, the guaranty agency with the largest volume of loan commitments, guaranteed a decreasing proportion of the total PLUS loan commitments from FY 1997 to FY 2000. USAF committed 35.2 percent of total PLUS loan commitments in FY 1997 and 31.7 percent in FY 2000. Loan Volume Commitments I I Pennsylvania had the second largest PLUS loan commitments between FY 1998 and FY 2000 guaranteeing approximately 10 percent of this volume each year. The five guaranty agencies with the highest volume (USAF, Pennsylvania, New York, California, and Wisconsin) consistently guaranteed approximately two-thirds of the total PLUS loan volume each year between FY 1997 and FY 2000. From FY 1997 - FY 2000, the share these five agencies guaranteed of the total PLUS loan dollar volume was 67.1, 66.7, 65.2, and 66.3 percent, respectively. Between FY 1997 and FY 2000, PLUS loan volume commitments decreased for 10 guaranty agencies and increased for 26 agencies. The four agencies where PLUS loan commitments increased over 100 percent during this time were California (118.6 percent), North Carolina (116.6 percent), and Kentucky (100.8 percent). I I Federal Student Loan Programs Data Book I FY 1997-FY 2000 77 78 Federal Student Loan Programs Data Book I Table 19. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997-FY 2000 FY97 Guaranty agency1 Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total Loans 1,276 14,891 3,232 3,751 4,649 5,890 1,939 6,446 2,329 2,160 1,763 2,793 7,810 2,678 2,442 1,038 4,744 2,844 4,854 274 24,151 2,187 932 3,025 1,053 27,927 4,579 3,055 2,152 3,080 16,176 107,615 924 3,630 5,892 27,451 311,632 Dollars ($ 000’s) $6,516 96,653 17,987 29,777 24,193 38,599 14,275 38,015 10,597 11,376 7,927 18,812 60,588 13,445 12,645 5,226 29,638 19,831 33,075 1,292 178,088 11,711 3,375 14,646 5,946 169,749 33,800 15,272 9,788 19,001 80,505 698,403 4,716 24,887 38,930 185,793 $1,985,079 FY98 Loans 1,474 19,436 3,958 4,386 4,646 6,580 2,146 6,849 2,292 2,857 1,800 2,916 6,783 3,044 3,598 1,034 4,725 2,881 4,714 275 24,663 2,681 966 3,919 1,247 32,416 4,737 2,866 2,511 3,605 18,183 114,704 1,177 3,825 4,773 25,040 333,707 Dollars ($ 000’s) $7,887 136,964 23,236 38,867 25,331 42,159 17,054 43,937 11,019 15,894 8,278 20,855 58,420 15,312 19,286 5,406 28,181 20,215 31,961 1,149 194,339 14,516 3,767 20,204 7,378 214,667 36,931 14,027 11,491 22,493 97,013 752,631 6,189 27,086 34,789 164,897 $2,193,828 FY99 Loans 1,801 22,324 4,346 4,756 5,084 6,760 2,151 7,734 2,356 3,546 1,617 2,588 7,282 3,424 4,008 839 5,365 3,241 4,614 243 25,758 2,705 829 3,687 1,637 33,897 5,243 2,633 2,513 4,370 20,871 115,086 1,125 3,653 4,068 22,486 344,640 Dollars ($ 000’s) $10,318 161,778 27,043 45,593 29,655 45,364 17,104 52,614 12,554 19,661 8,615 19,422 69,700 16,779 22,625 4,728 34,631 25,101 31,937 1,123 214,370 15,452 3,357 20,361 10,335 238,396 43,706 13,311 12,253 29,275 119,661 786,012 5,840 27,792 32,624 153,555 $2,382,644 FY00 Loans 1,949 28,182 4,930 5,077 5,381 7,669 2,575 7,841 2,261 4,136 1,676 2,411 7,822 3,293 1,887 794 3,001 3,222 6,241 245 28,901 4,085 775 3,515 1,571 36,574 5,449 3,072 3,398 2,094 23,719 112,794 778 1,482 3,922 23,627 356,349 Dollars ($ 000’s) $12,064 211,325 31,911 50,335 35,844 55,102 22,194 55,532 12,270 22,847 8,615 17,676 84,467 17,417 9,231 4,555 16,694 27,077 46,433 1,110 256,128 25,367 3,459 20,336 9,903 269,891 49,387 17,076 17,179 11,083 144,735 827,532 3,974 10,295 33,291 167,874 $2,610,211 Percent change Percent change FY99-FY00 FY97-FY00 Loans Loans Dollars Loans Dollars 8.2 26.2 13.4 6.7 5.8 13.4 19.7 1.4 -4.0 16.6 3.6 -6.8 7.4 -3.8 -52.9 -5.4 -44.1 -0.6 35.3 0.8 12.2 51.0 -6.5 -4.7 -4.0 7.9 3.9 16.7 35.2 -52.1 13.6 -2.0 -30.8 -59.4 -3.6 5.1 3.4 16.9 30.6 18.0 10.4 20.9 21.5 29.8 5.5 -2.3 16.2 -0.0 -9.0 21.2 3.8 -59.2 -3.7 -51.8 7.9 45.4 -1.1 19.5 64.2 3.0 -0.1 -4.2 13.2 13.0 28.3 40.2 -62.1 21.0 5.3 -31.9 -63.0 2.0 9.3 9.6 52.7 89.3 52.5 35.4 15.7 30.2 32.8 21.6 -2.9 91.5 -4.9 -13.7 0.2 23.0 -22.7 -23.5 -36.7 13.3 28.6 -10.6 19.7 86.8 -16.8 16.2 49.2 31.0 19.0 0.6 57.9 -32.0 46.6 4.8 -15.8 -59.2 -33.4 -13.9 14.3 85.1 118.6 77.4 69.0 48.2 42.8 55.5 46.1 15.8 100.8 8.7 -6.0 39.4 29.5 -27.0 -12.8 -43.7 36.5 40.4 -14.0 43.8 116.6 2.5 38.8 66.5 59.0 46.1 11.8 75.5 -41.7 79.8 18.5 -15.7 -58.6 -14.5 -9.6 31.5 FY97 0.4 4.8 1.0 1.2 1.5 1.9 0.6 2.1 0.7 0.7 0.6 0.9 2.5 0.9 0.8 0.3 1.5 0.9 1.6 0.1 7.7 0.7 0.3 1.0 0.3 9.0 1.5 1.0 0.7 1.0 5.2 34.5 0.3 1.2 1.9 8.8 100.0 FY98 0.4 5.8 1.2 1.3 1.4 2.0 0.6 2.1 0.7 0.9 0.5 0.9 2.0 0.9 1.1 0.3 1.4 0.9 1.4 0.1 7.4 0.8 0.3 1.2 0.4 9.7 1.4 0.9 0.8 1.1 5.4 34.4 0.4 1.1 1.4 7.5 100.0 FY99 0.5 6.5 1.3 1.4 1.5 2.0 0.6 2.2 0.7 1.0 0.5 0.8 2.1 1.0 1.2 0.2 1.6 0.9 1.3 0.1 7.5 0.8 0.2 1.1 0.5 9.8 1.5 0.8 0.7 1.3 6.1 33.4 0.3 1.1 1.2 6.5 100.0 FY00 0.5 7.9 1.4 1.4 1.5 2.2 0.7 2.2 0.6 1.2 0.5 0.7 2.2 0.9 0.5 0.2 0.8 0.9 1.8 0.1 8.1 1.1 0.2 1.0 0.4 10.3 1.5 0.9 1.0 0.6 6.7 31.7 0.2 0.4 1.1 6.6 100.0 FY97 0.3 4.9 0.9 1.5 1.2 1.9 0.7 1.9 0.5 0.6 0.4 0.9 3.1 0.7 0.6 0.3 1.5 1.0 1.7 0.1 9.0 0.6 0.2 0.7 0.3 8.6 1.7 0.8 0.5 1.0 4.1 35.2 0.2 1.3 2.0 9.4 100.0 Percent share of total Dollars FY98 0.4 6.2 1.1 1.8 1.2 1.9 0.8 2.0 0.5 0.7 0.4 1.0 2.7 0.7 0.9 0.2 1.3 0.9 1.5 0.1 8.9 0.7 0.2 0.9 0.3 9.8 1.7 0.6 0.5 1.0 4.4 34.3 0.3 1.2 1.6 7.5 100.0 FY99 0.4 6.8 1.1 1.9 1.2 1.9 0.7 2.2 0.5 0.8 0.4 0.8 2.9 0.7 0.9 0.2 1.5 1.1 1.3 0.0 9.0 0.6 0.1 0.9 0.4 10.0 1.8 0.6 0.5 1.2 5.0 33.0 0.2 1.2 1.4 6.4 100.0 FY00 0.5 8.1 1.2 1.9 1.4 2.1 0.9 2.1 0.5 0.9 0.3 0.7 3.2 0.7 0.4 0.2 0.6 1.0 1.8 0.0 9.8 1.0 0.1 0.8 0.4 10.3 1.9 0.7 0.7 0.4 5.5 31.7 0.2 0.4 1.3 6.4 100.0 FY 1997-FY 2000 Table 19. Federal Family Education Loan (FFEL) program loan volume commitments for PLUS loans, by guaranty agency: FY 1997-FY 2000 (continued) Ranking in FY97-FY00 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 1 Rank FY00 USAF Pennsylvania New York California Wisconsin Texas Massachusetts Illinois Florida Connecticut Rhode Island New Jersey ECMC Washington Colorado New Hampshire North Carolina Kentucky Georgia Oklahoma Maine Michigan South Dakota South Carolina Nebraska Iowa Arkansas Tennessee Vermont Oregon Missouri Louisiana Montana Utah North Dakota New Mexico Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin FY972 31 5 20 13 16 9 23 10 28 27 30 19 7 24 25 33 14 17 12 36 3 26 35 22 32 4 11 21 29 18 6 1 34 15 8 2 FY982 31 5 17 10 16 9 23 8 29 24 30 19 7 25 22 34 14 20 13 36 3 26 35 21 32 2 11 27 28 18 6 1 33 15 12 4 FY992 31 4 18 9 15 10 24 8 28 22 32 23 7 25 20 34 12 19 14 36 3 26 35 21 30 2 11 27 29 16 6 1 33 17 13 5 FY002 27 4 15 10 13 9 19 8 26 18 32 21 7 22 31 33 FY97 USAF Wisconsin New York Pennsylvania California Texas Massachusetts Washington Florida Illinois Rhode Island New Jersey Connecticut Nebraska Vermont ECMC New Hampshire Tennessee Maine Colorado South Carolina Oklahoma Georgia Michigan Missouri North Carolina Kentucky Iowa South Dakota Louisiana Arkansas Oregon Montana Utah North Dakota New Mexico FY98 USAF Pennsylvania New York Wisconsin California Texas Massachusetts Illinois Florida Connecticut Rhode Island Washington New Jersey Nebraska Vermont ECMC Colorado Tennessee Maine New Hampshire Oklahoma Missouri Georgia Kentucky Michigan North Carolina South Carolina South Dakota Iowa Louisiana Arkansas Oregon Utah Montana North Dakota New Mexico FY99 USAF Pennsylvania New York California Wisconsin Texas Massachusetts Illinois Connecticut Florida Rhode Island Nebraska Washington New Jersey ECMC Tennessee Vermont Colorado New Hampshire Missouri Oklahoma Kentucky Maine Georgia Michigan North Carolina South Carolina Iowa South Dakota Oregon Arkansas Louisiana Utah Montana North Dakota New Mexico Loan Volume Commitments 25 16 12 36 3 17 35 20 30 2 11 24 23 28 6 1 34 29 14 5 From FY97 to FY00, USAF was the designated guarantor for AK, AZ, HI, IN, KS, MD, MS, NV, PI, and WY; MA was the designated guarantor for DC; WA for ID; WI for MN, OH, PR, and VI; KY for AL; PA for DE and WV; and ECMC for VA. The lowest rank for all four years was 36. 2 NOTES: “Commitments” excludes Consolidation loans, PLUS, and SLS refinanced loans authorized under the Higher Education Amendments of 1986. The loan volume reported in this table includes some loans that later may be canceled. Rankings are based on dollar amounts. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0.0 indicates a number less than 0.05. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 79 Table 20. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997FY 2000 This table shows a summary of the total volume for the overall FFEL program for each guaranty agency for FY 1997-FY 2000. The number of loans, dollar amount, percent change from prior year, percent share of total FFEL program volume, and rankings of all guaranty agencies are tabulated for each agency. (Summary information for this table is discussed in table 5). (See also figure 16 which follows table 20.) I Guaranty agencies that participated in the FFEL program reported an 18.5 percent increase in total dollar volume commitments between FY 1997 and FY 2000 (from $21.7 to $25.7 billion). Most of this increase occurred between FY 1999 and FY 2000 when FFEL program dollar volume commitments increased by 10.0 percent. USAF, the guaranty agency with the largest dollar volume commitments by far, guaranteed between 26.7 and 28.7 percent of FFEL program dollars between FY 1997 and FY 2000. California guaranteed the second largest portion of FFEL loan commitments between FY 1998 and FY 1999 with 9 percent of this volume each year. Pennsylvania guaranteed the third largest portion during this time with 8 percent of the volume each year. The five guaranty agencies with the highest volume (USAF, California, Pennsylvania, New York, and Wisconsin) guaranteed 60.1, 58.6, 58.4, and 58.7 percent of total FFEL program loan dollars in FY 1997FY 2000, respectively. Four guaranty agencies reported decreases in FFEL program loan volume commitments from FY 1997 to FY 2000. Washington, Montana, Maine, and New Hampshire reported decreases in FFEL program volume of 30.5, 18.1, 1.5, and 0.3, respectively. Two guaranty agencies reported increases in FFEL program loan volume commitments from FY 1997 to FY 2000 of over 70 percent. Nebraska and South Dakota reported increases in FFEL program volume of 98.0 and 70.2 percent, respectively. I I I I I 80 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 20. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997-FY 2000 FY97 Guaranty agency1 Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total Loans 47,423 375,781 86,279 48,492 57,203 176,227 67,440 138,110 52,195 83,290 65,595 38,169 137,762 89,498 72,074 32,814 84,593 42,832 61,680 27,744 393,889 50,663 27,094 100,087 21,953 490,140 41,904 66,202 50,987 95,775 400,841 1,489,223 51,432 25,787 103,768 486,060 5,681,006 Dollars ($ 000’s) $162,503 1,578,382 278,727 195,556 170,596 563,321 216,439 540,320 205,857 274,680 215,239 132,962 682,481 261,509 235,628 104,154 397,055 158,970 217,065 82,506 1,562,550 170,635 76,885 309,530 71,506 1,842,734 150,883 228,432 159,038 314,732 1,392,128 6,224,838 179,065 111,873 378,016 1,812,073 $21,658,870 FY98 Loans 49,993 430,326 88,066 47,911 59,693 187,660 72,614 144,222 54,226 87,221 58,774 39,233 130,743 92,792 89,149 30,925 121,137 39,921 67,221 27,489 386,323 54,689 30,719 103,916 27,174 484,567 39,805 67,678 66,983 100,831 414,050 1,465,533 63,008 26,522 98,809 459,154 5,809,077 Dollars ($ 000’s) $167,551 1,959,663 293,824 207,461 178,338 591,604 230,769 585,859 216,100 290,762 191,681 141,307 661,673 276,847 307,509 98,290 628,369 154,629 228,284 83,591 1,580,425 184,725 87,995 331,503 91,876 1,792,519 148,995 230,472 205,271 337,871 1,460,498 6,207,055 225,429 117,605 357,467 1,642,889 $22,496,707 FY99 Loans 48,583 460,857 89,620 48,490 63,525 200,410 65,494 145,480 54,467 98,203 57,742 36,590 130,682 96,540 94,499 30,227 133,083 38,362 75,069 27,740 381,619 56,005 31,726 98,764 33,216 471,644 42,170 64,990 71,248 110,887 427,436 1,467,220 56,485 25,839 85,142 438,696 5,858,750 Dollars ($ 000’s) $166,527 2,076,116 305,388 221,112 195,798 624,884 218,237 594,351 218,126 337,012 191,585 135,563 698,126 282,044 333,403 97,560 673,569 157,621 248,934 85,167 1,632,555 193,188 92,173 323,756 116,164 1,794,569 166,441 228,063 224,710 383,048 1,563,849 6,469,876 197,330 118,456 311,468 1,647,166 $23,323,934 FY00 Loans 58,326 537,614 92,568 52,237 67,354 229,006 70,744 146,047 63,189 117,699 63,786 35,449 139,777 101,391 99,945 26,633 152,026 37,944 90,078 27,314 443,253 70,700 31,778 96,173 34,589 522,992 41,870 67,651 82,129 118,747 456,462 1,521,193 57,212 29,018 70,571 479,187 6,332,652 Dollars ($ 000’s) $208,905 2,369,131 332,217 238,890 219,671 708,634 244,463 608,804 258,820 404,984 216,443 131,010 745,479 302,369 351,945 85,353 786,256 158,457 310,575 87,549 1,948,824 263,361 94,814 317,349 120,031 2,061,727 168,973 251,141 270,606 413,673 1,709,272 6,839,500 196,333 122,448 262,558 1,845,479 $25,656,044 Percent change Percent change FY99-FY00 FY97-FY00 Loans Loans Dollars Loans Dollars 20.1 16.7 3.3 7.7 6.0 14.3 8.0 0.4 16.0 19.9 10.5 -3.1 7.0 5.0 5.8 -11.9 14.2 -1.1 20.0 -1.5 16.2 26.2 0.2 -2.6 4.1 10.9 -0.7 4.1 15.3 7.1 6.8 3.7 1.3 12.3 -17.1 9.2 8.1 25.4 14.1 8.8 8.0 12.2 13.4 12.0 2.4 18.7 20.2 13.0 -3.4 6.8 7.2 5.6 -12.5 16.7 0.5 24.8 2.8 19.4 36.3 2.9 -2.0 3.3 14.9 1.5 10.1 20.4 8.0 9.3 5.7 -0.5 3.4 -15.7 12.0 10.0 23.0 43.1 7.3 7.7 17.7 29.9 4.9 5.7 21.1 41.3 -2.8 -7.1 1.5 13.3 38.7 -18.8 79.7 -11.4 46.0 -1.5 12.5 39.5 17.3 -3.9 57.6 6.7 -0.1 2.2 61.1 24.0 13.9 2.1 11.2 12.5 -32.0 -1.4 11.5 28.6 50.1 19.2 22.2 28.8 25.8 12.9 12.7 25.7 47.4 0.6 -1.5 9.2 15.6 49.4 -18.1 98.0 -0.3 43.1 6.1 24.7 54.3 23.3 2.5 67.9 11.9 12.0 9.9 70.2 31.4 22.8 9.9 9.6 9.5 -30.5 1.8 18.5 FY97 0.8 6.6 1.5 0.9 1.0 3.1 1.2 2.4 0.9 1.5 1.2 0.7 2.4 1.6 1.3 0.6 1.5 0.8 1.1 0.5 6.9 0.9 0.5 1.8 0.4 8.6 0.7 1.2 0.9 1.7 7.1 26.2 0.9 0.5 1.8 8.6 100.0 FY98 0.9 7.4 1.5 0.8 1.0 3.2 1.3 2.5 0.9 1.5 1.0 0.7 2.3 1.6 1.5 0.5 2.1 0.7 1.2 0.5 6.7 0.9 0.5 1.8 0.5 8.3 0.7 1.2 1.2 1.7 7.1 25.2 1.1 0.5 1.7 7.9 100.0 FY99 0.8 7.9 1.5 0.8 1.1 3.4 1.1 2.5 0.9 1.7 1.0 0.6 2.2 1.6 1.6 0.5 2.3 0.7 1.3 0.5 6.5 1.0 0.5 1.7 0.6 8.1 0.7 1.1 1.2 1.9 7.3 25.0 1.0 0.4 1.5 7.5 100.0 FY00 0.9 8.5 1.5 0.8 1.1 3.6 1.1 2.3 1.0 1.9 1.0 0.6 2.2 1.6 1.6 0.4 2.4 0.6 1.4 0.4 7.0 1.1 0.5 1.5 0.5 8.3 0.7 1.1 1.3 1.9 7.2 24.0 0.9 0.5 1.1 7.6 100.0 FY97 0.8 7.3 1.3 0.9 0.8 2.6 1.0 2.5 1.0 1.3 1.0 0.6 3.2 1.2 1.1 0.5 1.8 0.7 1.0 0.4 7.2 0.8 0.4 1.4 0.3 8.5 0.7 1.1 0.7 1.5 6.4 28.7 0.8 0.5 1.7 8.4 100.0 Percent share of total Dollars FY98 0.7 8.7 1.3 0.9 0.8 2.6 1.0 2.6 1.0 1.3 0.9 0.6 2.9 1.2 1.4 0.4 2.8 0.7 1.0 0.4 7.0 0.8 0.4 1.5 0.4 8.0 0.7 1.0 0.9 1.5 6.5 27.6 1.0 0.5 1.6 7.3 100.0 FY99 0.7 8.9 1.3 0.9 0.8 2.7 0.9 2.5 0.9 1.4 0.8 0.6 3.0 1.2 1.4 0.4 2.9 0.7 1.1 0.4 7.0 0.8 0.4 1.4 0.5 7.7 0.7 1.0 1.0 1.6 6.7 27.7 0.8 0.5 1.3 7.1 100.0 FY00 0.8 9.2 1.3 0.9 0.9 2.8 1.0 2.4 1.0 1.6 0.8 0.5 2.9 1.2 1.4 0.3 3.1 0.6 1.2 0.3 7.6 1.0 0.4 1.2 0.5 8.0 0.7 1.0 1.1 1.6 6.7 26.7 0.8 0.5 1.0 7.2 100.0 FY 1997-FY 2000 81 Table 20. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and PLUS loans, by guaranty agency: FY 1997-FY 2000 (continued) Ranking in FY97-FY00 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 1 Rank FY00 USAF California Pennsylvania New York Wisconsin Texas Nebraska Massachusetts Florida Illinois Tennessee Kentucky Missouri Colorado Oklahoma New Jersey Michigan South Dakota North Carolina Washington Iowa South Carolina Georgia Connecticut ECMC Louisiana Arkansas Utah Rhode Island New Hampshire Maine Vermont Oregon North Dakota New Mexico Montana Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin FY972 27 4 14 23 26 8 20 9 22 15 21 31 7 16 17 33 10 29 19 34 5 25 35 13 36 2 30 18 28 12 6 1 24 32 11 3 FY982 28 2 15 23 27 9 18 10 22 16 25 31 7 17 14 33 8 29 20 36 5 26 35 13 34 3 30 19 24 12 6 1 21 32 11 4 FY992 28 2 16 21 25 9 22 10 23 12 27 31 7 17 13 34 8 30 18 36 5 26 35 14 33 3 29 19 20 11 6 1 24 32 15 4 FY002 27 2 14 24 25 9 23 10 21 12 26 31 8 17 13 36 7 30 16 35 4 19 34 15 33 3 29 22 18 11 6 1 28 32 20 5 FY97 USAF Pennsylvania Wisconsin California New York Texas Massachusetts Florida Illinois Nebraska Washington Tennessee Oklahoma Colorado Kentucky Michigan Missouri South Carolina New Jersey Georgia Louisiana Iowa Connecticut Utah North Carolina ECMC Arkansas South Dakota New Hampshire Rhode Island Maine Vermont Montana New Mexico North Dakota Oregon FY98 USAF California Pennsylvania Wisconsin New York Texas Massachusetts Nebraska Florida Illinois Washington Tennessee Oklahoma Missouri Colorado Kentucky Michigan Georgia South Carolina New Jersey Utah Iowa Connecticut South Dakota Louisiana North Carolina ECMC Arkansas New Hampshire Rhode Island Maine Vermont Montana Oregon North Dakota New Mexico FY99 USAF California Pennsylvania Wisconsin New York Texas Massachusetts Nebraska Florida Illinois Tennessee Kentucky Missouri Oklahoma Washington Colorado Michigan New Jersey South Carolina South Dakota Connecticut Georgia Iowa Utah ECMC North Carolina Louisiana Arkansas Rhode Island New Hampshire Maine Vermont Oregon Montana North Dakota New Mexico From FY97 to FY00, USAF was the designated guarantor for AK, AZ, HI, IN, KS, MD, MS, NV, PI, and WY; MA was the designated guarantor for DC; WA for ID; WI for MN, OH, PR, and VI; KY for AL; PA for DE and WV; and ECMC for VA. The lowest rank for all four years was 36. 2 NOTES: “Commitments” excludes Consolidation loans, PLUS, and SLS refinanced loans authorized under the Higher Education Amendments of 1986. The loan volume reported in this table includes some loans that later may be canceled. Rankings are based on dollar amounts. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0.0 indicates a number less than 0.05. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 82 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 16. Federal Family Education Loan (FFEL) program loan volume commitments, by loan program type: FY 1997-FY 2000 Number of loans 7,000 6,333 6,000 5,681 5,809 5,859 5000, FY97 Loans (in 000’s) 4,000 3,401 3,408 3,339 3,520 FY98 FY99 FY00 2,456 2,068 2,175 3,000 2,000 1,968 Loan Volume Commitments 1,000 312 334 345 356 0 Stafford Subsidized Stafford Unsubsidized Loan program type PLUS FFEL total SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Dollar amount $30,000 $25,656 25,000 $23,324 $22,497 $21,659 Dollars (in 000,000’s) 20,000 FY97 FY98 15,000 $11,985 $12,027 $11,862 $12,564 $10,482 FY99 FY00 $9,079 $7,689 $8,275 10,000 5,000 $2,383 $2,610 $1,985 $2,194 0 Stafford Subsidized Stafford Unsubsidized Loan program type SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. PLUS FFEL total Federal Student Loan Programs Data Book I FY 1997-FY 2000 83 Table 21. Federal Family Education Loan (FFEL) program loan volume commitments for Consolidation loans, by guaranty agency: FY 1997-FY 2000 This table shows Consolidation loan volume commitment totals for each guaranty agency for FY 1997-FY 2000. The number of loans, dollar amount, percent change from prior year, percent share of total Consolidation loans guaranteed, and rankings of all guaranty agencies are tabulated for each agency. (See also figure 17 which follows table 21.) I Between FY 1997 and FY 2000, consolidation loan dollar commitments increased 50.1 percent from $4.0 billion to $6.0 billion. After a 16.2 percent decrease in dollar volume from FY 1997 to FY 1998, Consolidation loan commitments increased considerably by 49.3 percent from FY 1998 to FY 1999. Consolidation loan volume increased another 20 percent between FY 1999 and FY 2000 to a high of $6.0 billion. USAF, the guaranty agency with the largest number of Consolidation loan commitments, guaranteed 25.1 percent of Consolidation loan dollars in FY 1997. In FY 1998-FY 2000, USAF guaranteed 29.2, 28.5, and 35.3 percent of the total for Consolidation loans, respectively. From FY 1997 to FY 2000, several guaranty agencies experienced dramatic growth in their Consolidation loan dollar commitments. Ten guaranty agencies experienced an increase in this volume of more than 100 percent. These were Arkansas (144.0 percent), Educational Credit Management Corporation (ECMC) (1,254.1 percent), Louisiana (155.9 percent), Maine (109.9 percent), Montana (151.6 percent), New Hampshire (103.7 percent), New York (121.7 percent), South Carolina (224.6 percent), USAF (111.2 percent), and Vermont (496.4 percent). I I NOTES: Consolidation loans are not reported as commitments in the same manner as are other FFEL program loan types. They are not included in table 20 that summarizes the loan volume commitments for the FFEL program. Consolidation occurs when a borrower with multiple loans requests that all of his or her loans be consolidated into one loan. This is advantageous to the borrower because he or she can now make one payment to a single lender. 84 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 21. Federal Family Education Loan (FFEL) program loan volume commitments for Consolidation loans, by guaranty agency: FY 1997-FY 2000 FY97 Guaranty agency1 Arkansas California Colorado ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total 1,968 658 5,763 1,053 10,018 378 9,408 486 2,007 853 21,101 985 513 748 2,154 27,748 57,399 1,362 480 2,788 15,710 203,898 Loans 858 13,740 3,864 730 1,289 122 6,582 2,706 2,828 483 500 6,616 Dollars ($ 000’s) $15,558 260,882 67,573 5,912 25,081 2,011 130,546 55,608 50,765 9,301 8,342 158,333 49,706 37,166 14,167 96,534 21,803 83,039 7,454 225,313 10,464 36,249 17,973 485,787 18,821 12,320 14,592 43,899 538,990 1,002,584 27,476 12,421 52,040 398,893 $3,997,603 FY98 Loans 835 11,405 2,806 571 2,541 216 3,039 1,301 2,862 908 548 3,398 1,264 554 1,930 6,525 681 1,300 426 20,655 13 762 1,525 211 34,765 814 1,273 547 3,370 14,128 62,488 2,074 2,365 1,946 9,118 199,164 Dollars ($ 000’s) $14,092 200,975 56,019 3,256 42,649 2,827 59,535 34,255 42,656 13,852 10,179 112,011 29,799 4,268 27,978 93,703 15,613 27,898 10,700 270,946 191 10,685 27,890 5,453 611,254 15,723 20,476 11,476 50,817 237,926 977,068 31,869 56,502 29,919 189,183 $3,349,643 FY99 Loans 1,430 13,561 4,152 4,175 3,065 272 3,296 1,803 4,499 1,610 780 1,634 2,276 490 1,968 7,190 1,065 1,753 360 23,291 2,038 1,107 2,425 812 49,642 825 2,824 676 4,235 30,205 79,555 3,735 4,782 2,753 15,580 279,864 Dollars ($ 000’s) $27,074 292,444 87,675 43,201 47,343 3,981 85,865 54,620 60,447 22,920 18,730 60,746 60,794 3,312 29,296 98,528 27,252 52,794 9,927 404,237 29,444 16,519 52,605 21,502 810,470 18,190 44,873 15,614 64,600 487,563 1,423,892 55,293 114,870 65,605 291,780 $5,004,005 FY00 Loans 1,828 18,212 2,883 8,305 2,555 152 3,291 2,912 4,415 962 707 2,337 2,778 483 2,141 5,629 1,579 2,223 422 19,234 1,830 1,327 3,555 709 55,309 574 2,294 903 4,806 20,557 111,274 2,577 2,581 2,494 14,704 308,542 Dollars ($ 000’s) $37,968 480,773 64,840 80,050 46,265 2,081 91,503 79,533 61,104 23,798 17,511 76,521 63,811 2,819 35,642 75,110 44,416 67,871 12,177 499,467 27,888 18,433 64,869 17,904 938,333 15,504 39,988 24,117 77,039 314,350 2,117,091 41,324 74,077 69,427 296,428 $6,000,032 Percent change Percent change FY99-FY00 FY97-FY00 Loans Loans Dollars Loans Dollars 27.8 34.3 -30.6 98.9 -16.6 -44.1 -0.2 61.5 -1.9 -40.2 -9.4 43.0 22.1 -1.4 8.8 -21.7 48.3 26.8 17.2 -17.4 -10.2 19.9 46.6 -12.7 11.4 -30.4 -18.8 33.6 13.5 -31.9 39.9 -31.0 -46.0 -9.4 -5.6 10.2 40.2 64.4 -26.0 -2.3 -47.7 6.6 45.6 1.1 3.8 -6.5 26.0 5.0 -14.9 21.7 -23.8 63.0 28.6 22.7 23.6 -5.3 11.6 23.3 -16.7 15.8 -14.8 -10.9 54.5 19.3 -35.5 48.7 -25.3 -35.5 5.8 1.6 19.9 113.1 32.5 -25.4 98.2 25 -50.0 7.6 56.1 99.2 41.4 -64.7 -75.5 225.4 -2.3 50.0 -77.8 11.6 104.4 173.0 77.1 -16.9 162.1 -41.7 347.2 20.7 123.1 -25.9 93.9 89.2 437.7 -10.5 -6.4 51.3 144.0 84.3 -4.0 84.5 3 -29.9 43.0 20.4 155.9 109.9 -51.7 28.4 -92.4 151.6 -22.2 103.7 -18.3 63.4 121.7 76.2 79.0 -0.4 93.2 -17.6 224.6 65.3 75.5 -41.7 111.2 50.4 496.4 33.4 -25.7 50.1 FY97 0.4 6.7 1.9 0.4 0.6 0 3.2 1.3 1.4 0.2 0.2 3.2 0.0 1.0 0.3 2.8 0.5 4.9 0.2 4.6 0.2 1.0 0.4 10.3 0.5 0.3 0.4 1.1 13.6 28.2 0.7 0.2 1.4 7.7 100.0 FY98 0.4 5.7 1.4 0.3 1.3 0.1 1.5 0.7 1.4 0.5 0.3 1.7 0.6 0.3 1.0 3.3 0.3 0.7 0.2 10.4 0.0 0.4 0.8 0.1 17.5 0.4 0.6 0.3 1.7 7.1 31.4 1.0 1.2 1.0 4.6 100.0 FY99 0.5 4.8 1.5 1.5 1.1 0.1 1.2 0.6 1.6 0.6 0.3 0.6 0.8 0.2 0.7 2.6 0.4 0.6 0.1 8.3 0.7 0.4 0.9 0.3 17.7 0.3 1.0 0.2 1.5 10.8 28.4 1.3 1.7 1.0 5.6 100.0 FY00 0.6 5.9 0.9 2.7 0.8 0.0 1.1 0.9 1.4 0.3 0.2 0.8 0.9 0.2 0.7 1.8 0.5 0.7 0.1 6.2 0.6 0.4 1.2 0.2 17.9 0.2 0.7 0.3 1.6 6.7 36.1 0.8 0.8 0.8 4.8 100.0 FY97 0.4 6.5 1.7 0.1 0.6 0 3.3 1.4 1.3 0.2 0.2 4.0 1.2 0.9 0.4 2.4 0.5 2.1 0.2 5.6 0.3 0.9 0.4 12.2 0.5 0.3 0.4 1.1 13.5 25.1 0.7 0.3 1.3 10.0 100.0 Percent share of total Dollars FY98 0.4 6.0 1.7 0.1 1.3 0.1 1.8 1.0 1.3 0.4 0.3 3.3 0.9 0.1 0.8 2.8 0.5 0.8 0.3 8.1 0.0 0.3 0.8 0.2 18.2 0.5 0.6 0.3 1.5 7.1 29.2 1.0 1.7 0.9 5.6 100.0 FY99 0.5 5.8 1.8 0.9 0.9 0.1 1.7 1.1 1.2 0.5 0.4 1.2 1.2 0.1 0.6 2.0 0.5 1.1 0.2 8.1 0.6 0.3 1.1 0.4 16.2 0.4 0.9 0.3 1.3 9.7 28.5 1.1 2.3 1.3 5.8 100.0 FY00 0.6 8.0 1.1 1.3 0.8 0.0 1.5 1.3 1.0 0.4 0.3 1.3 1.1 0.0 0.6 1.3 0.7 1.1 0.2 8.3 0.5 0.3 1.1 0.3 15.6 0.3 0.7 0.4 1.3 5.2 35.3 0.7 1.2 1.2 4.9 100.0 85.3 1,037.7 1,254.1 FY 1997-FY 2000 85 Table 21. Federal Family Education Loan (FFEL) program loan volume commitments for Consolidation loans, by guaranty agency: FY 1997-FY 2000 (continued) Ranking in FY97-FY00 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 1 Rank FY00 USAF Pennsylvania New York California Texas Wisconsin Illinois ECMC Iowa Tennessee Massachusetts Nebraska Vermont Washington New Jersey Oklahoma Colorado Michigan Kentucky Florida New Hampshire Utah South Carolina Arkansas Montana North Carolina South Dakota Louisiana North Dakota Oregon Maine Rhode Island New Mexico Missouri Georgia Guaranty agency Arkansas California Colorado ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin FY972 24 5 11 33 20 34 8 12 14 30 31 7 15 17 26 9 21 10 32 6 — 29 18 23 3 22 28 25 16 2 1 19 27 13 4 FY982 25 5 11 33 14 34 9 15 13 26 30 7 18 32 19 8 24 20 28 3 35 29 21 31 2 23 22 27 12 4 1 16 10 17 6 FY992 26 5 9 22 20 34 10 17 15 27 29 14 13 35 24 8 25 18 33 4 23 31 19 28 2 30 21 32 12 3 1 16 7 11 6 FY002 24 4 17 8 20 35 7 9 19 28 31 11 18 34 25 12 21 15 33 3 26 29 16 30 2 32 23 27 10 5 1 22 13 14 6 FY97 USAF Texas Pennsylvania Wisconsin California New York Massachusetts Illinois Nebraska New Jersey Colorado Iowa Washington Kentucky Michigan Tennessee Missouri Oklahoma Utah Florida New Hampshire Rhode Island Oregon Arkansas South Dakota Montana Vermont South Carolina North Dakota Louisiana Maine New Mexico ECMC Georgia FY98 USAF Pennsylvania New York Texas California Wisconsin Massachusetts Nebraska Illinois Vermont Colorado Tennessee Kentucky Florida Iowa Utah Washington Michigan Montana New Jersey Oklahoma South Carolina Rhode Island New Hampshire Arkansas Louisiana South Dakota New Mexico North Dakota Maine Oregon Missouri ECMC Georgia North Carolina FY99 USAF Pennsylvania Texas New York California Wisconsin Vermont Nebraska Colorado Illinois Washington Tennessee Michigan Massachusetts Kentucky Utah Iowa New Jersey Oklahoma Florida South Carolina ECMC North Carolina Montana New Hampshire Arkansas Louisiana Oregon Maine Rhode Island North Dakota South Dakota New Mexico Georgia Missouri From FY97 to FY00, USAF was the designated guarantor for AK, AZ, HI, IN, KS, MD, MS, NV, PI, and WY; MA was the designated guarantor for DC; WA for ID; WI for MN, OH, PR, and VI; KY for AL; PA for DE and WV; and ECMC for VA. The lowest rank for FY97 was 33 while the lowest ranks for FY98, FY99, and FY00 was 35. 2 NOTES: “Commitments” excludes Consolidation loans, PLUS, and SLS refinanced loans authorized under the Higher Education Amendments of 1986. The loan volume reported in this table includes some loans that later may be canceled. Rankings are based on dollar amounts. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0.0 indicates a number less than 0.05. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 86 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 17. Federal Family Education Loan (FFEL) program loan volume commitments, for Consolidation loans: FY 1997-FY 2000 Number of loans 350 309 300 280 250 Loans (in 000’s) 204 200 199 150 100 Loan Volume Commitments 50 0 FY97 FY98 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY99 FY00 Dollar amount $7,000 $6,000 6,000 $5,004 5000 Dollars (in 000,000’s) $3,998 $3,350 3,000 4,000 2,000 1,000 0 FY97 FY98 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY99 FY00 Federal Student Loan Programs Data Book I FY 1997-FY 2000 87 Tables 22-26. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 These tables show loan volume summaries for Stafford Subsidized, Stafford Unsubsidized, and PLUS loan commitments for borrowers for the 50 states,the District of Columbia,and five U.S.territories.Given the length of this set of tables, table 22 is placed at the beginning of the series to present the combined totals of the three FFEL loan types bystate.Tables23,24,and25providedataforStaffordSubsidized,StaffordUnsubsidized,andPLUSloansrespectively for public and private 4-year, public and private 2-year, and proprietary institutions. Finally, table 26 presents the combined totals for the three FFEL loan types by type of institution. (See also figure 18, which follows table 26). Total loan dollars by loan type are reported and discussed in tables 17-20, while totals by type of institution are reported and discussed in tables 7-10. In discussing these tables we will report on the top-ranking states receiving FFEL program loans through the three loan types by type of institution. It should be noted that tables 23-26 like tables 17-20, show annual commitments, but tables 23-26 show these commitments by state rather than by guaranty agency. Caution should be used when comparing commitments by state with commitments by guaranty agency. Some guaranty agencies guarantee loans for lenders in one or more states, while loans reported by state represent loans that are made to borrowers who attended schools in that specific state. I In FY 1997-FY 2000, public 4-year and private 4-year institutions had a similar number of borrowers participating in the FFEL program, ending with approximately 1.8 million in FY 2000. However, borrowers from private 4-year institutions had more FFEL loan dollars committed to them over the period than borrowers from 4-year public institutions. For example, between $10.1 billion and $11.6 billion were committed annually to borrowers at private 4-year institutions and between $7.5 billion and $8.7 billion were committed to borrowers at public 4-year institutions (see table 26). For FY 1997-FY 2000, the largest proportions of FFEL commitments were made to borrowers at public and private 4-year institutions, followed by borrowers at proprietary institutions, public 2-year institutions and private 2-year institutions. For example, in FY 2000, FFEL commitments made to borrowers at public and private 4-year institutions were $8.7 billion and $11.6 billion, respectively, while commitments made to borrowers at proprietary institutions were $3.7 billion. FFEL commitments made to borrowers at public and private 2-year institutions were $1.3 billion and $0.2 billion, respectively (see table 26). For FY 1997-FY 2000, in all but the PLUS program, the largest volume of FFEL program dollars was committed to borrowers at schools in California followed by borrowers at schools in New York, Pennsylvania, Texas, and Florida. In the PLUS program the highest dollar volume was committed to borrowers at schools in New York in FY 1997, FY 1999, and FY 2000, and Pennsylvania in FY 1998 (see table C). I I Table C. FFEL program dollar commitments ranked by state, by FFEL program: FY1997-FY 2000 (subset of tables 22-26) FFEL program total FY97 California New York Pennsylvania Texas Florida Massachusetts Ohio — indicates a rank below 5. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Stafford Subsidized FY00 1 2 3 4 5 — — FY97 1 2 3 4 5 — — FY98 1 2 3 4 5 — — FY99 1 2 3 4 5 — — FY00 1 2 3 4 5 — — 1 2 3 4 5 — — Stafford Unsubsidized FY97 FY98 1 2 3 4 5 — — FY99 1 2 3 4 5 — — FY00 1 2 3 4 5 — — FY97 3 1 2 4 — 5 — 3 2 1 4 — — 5 PLUS FY98 FY99 3 1 2 4 5 — — FY00 3 1 2 4 5 — — FY98 1 2 3 4 5 — — FY99 1 2 3 4 5 — — 1 2 3 4 5 — — 88 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Tables 22-26. (continued) I From FY 1997 to FY 2000, the largest portion of FFEL funds for public 4-year institutions went to borrowers in Texas. The largest volume of dollar commitments to private 4-year institutions went to borrowers in New York (see table D). The state with the largest volume of FFEL loan commitments going to borrowers at public 2-year institutions was Texas in FY 1997 and Florida in FY 1998, FY 1999, and FY 2000. For private 2-year institutions, California was the state with the highest dollar volume commitments. The state with the largest volume of FFEL loan commitments going to borrowers at proprietary institutions was California in FY 1997 and Arizona in FY 1998, FY 1999, and FY 2000 (see table D). The preceding bullets describe the proportion of total FFEL program commitments made to borrowers at each postsecondary institution type. However, some of these states differ when examining commitments by loan program type. For example: I I I During FY 1997-FY 2000, borrowers in Texas received the largest share of Stafford Subsidized and Unsubsidized loan volume committed to public 4-year institutions. However, borrowers in Pennsylvania received the largest share of PLUS dollars committed to public 4-year institutions during this time (see table D). Borrowers in New York received the largest share of Stafford Subsidized and PLUS loan volume committed to private 4-year institutions in all years. California borrowers had the largest portion of Stafford Unsubsidized commitments three years in a row, FY 1997-FY 1999. By FY 2000, borrowers in New York also received the largest share of Stafford Unsubsidized commitments (see table D). Loan Volume Commitments I I In FY 1997 and FY 1998 borrowers in Texas received the largest share of PLUS dollar volume commitment going to public 2-year institutions. But in FY 1999, Indiana took over the top spot as the state with the highest proportion of PLUS dollar commitments going to borrowers from public 2-year institutions (see table D). This figure for Indiana grew quickly from only $1.4 million in FY 1997 to $2.5 million in FY 1998, $3.4 million in FY 1999, and $3.5 million in FY 2000 (see table 25). Although borrowers in California received the largest share of Stafford Subsidized and Unsubsidized loan commitments made to private 2-year institutions in all years, borrowers in New York received the largest share of PLUS loan volume for these institutions in FY 1997 and FY 1998. However, by FY 1999, borrowers in California also received the largest share of PLUS commitments for private 2-year institutions (see table D). Although borrowers in California received the largest portion of PLUS commitments for proprietary schools in all four years, borrowers in Arizona received the largest share of Stafford Subsidized and Unsubsidized loan volume for these institutions each year (see table D). I I Table D. States that had borrowers who received the largest commitments of FFEL program funds, by loan program and type of institution: FY 1997-FY 2000 (subset of tables 22-26) FFELprogram total Type of institution Public 4-year Private 4-year Public 2-year Private 2-year Proprietary FY97 TX NY TX CA CA FY98 TX NY FL CA AZ FY99 TX NY FL CA AZ FY00 TX NY FL CA AZ FY97 TX NY TX CA AZ Stafford Subsidized FY98 TX NY FL CA AZ FY99 TX NY FL CA AZ FY00 TX NY FL CA AZ TX CA FL CA AZ Stafford Unsubsidized FY97 FY98 TX CA FL CA AZ FY99 TX CA FL CA AZ FY00 TX NY FL CA AZ FY97 PA NY TX NY CA PA NY TX NY CA PLUS FY98 FY99 PA NY IN CA CA FY00 PA NY IN CA CA SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 89 Table 22. Federal Family Education Loan (FFEL) program total loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and PLUS borrowers, by state: FY 1997-FY 2000 Total FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Foreign Countries Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 34,815 3,730 125,526 40,097 420,405 74,625 59,175 7,543 46,981 232,188 20,632 79,235 26 15,078 6,909 143,136 126,554 43,461 54,296 51,214 129,189 30,160 61,249 114,707 80,929 110,353 57,759 105,636 24,347 45,379 10,632 41,285 55,919 23,483 379,010 101,450 28,849 190,787 81,581 32,895 402,029 7,710 33,672 71,809 31,058 97,732 347,838 40,040 17,775 74,065 75,255 14,035 99,598 13,418 4,617,262 Dollars ($ 000’s) $157,376 15,869 593,533 169,254 2,255,824 299,464 307,135 38,595 336,810 1,171,814 206,942 420,075 149 64,854 21,510 764,065 501,118 213,790 216,034 213,774 578,242 126,995 292,848 642,499 336,004 417,470 227,935 546,497 96,798 200,874 44,285 183,830 228,216 89,803 2,031,100 454,524 101,734 833,077 333,064 150,135 1,778,819 33,276 147,916 307,624 114,316 438,485 1,572,388 163,138 93,537 305,010 332,103 49,299 383,599 49,397 $21,658,870 Borrowers 36,948 5,121 127,248 42,179 428,690 76,600 58,679 8,258 46,531 240,624 21,776 88,960 18 15,524 6,429 150,348 128,905 43,961 52,741 52,154 122,440 31,560 63,036 112,873 86,299 112,941 59,874 113,909 23,418 45,173 10,860 39,305 61,467 23,357 378,090 109,613 30,796 192,657 83,158 35,216 423,422 6,413 33,384 74,517 32,601 99,074 356,855 47,101 18,251 78,031 79,345 13,178 99,112 13,401 4,742,421 FY98 Dollars ($ 000’s) $168,445 23,307 604,985 177,183 2,339,632 314,835 309,670 43,242 334,709 1,201,400 213,952 435,923 72 65,870 20,899 832,288 517,014 217,430 214,930 219,148 535,217 138,335 310,786 642,507 351,893 429,229 242,484 587,751 91,222 201,213 44,282 179,068 244,257 92,706 2,055,699 489,259 109,791 860,282 346,614 160,819 1,942,509 32,686 149,443 318,237 122,272 453,239 1,628,378 208,438 98,597 324,322 358,287 46,444 383,810 50,900 $22,496,707 Borrowers 41,521 5,537 143,673 41,417 438,738 77,803 56,523 8,433 45,294 253,276 22,944 90,320 4 17,227 6,836 154,195 134,919 44,260 53,197 55,788 122,297 30,830 60,487 111,776 86,207 104,393 61,167 114,783 23,371 45,970 11,521 38,050 72,333 24,122 381,938 106,097 31,209 182,466 83,091 38,386 421,415 12,848 34,875 73,026 34,304 102,474 365,932 42,802 18,338 78,655 78,049 12,472 96,664 13,568 4,807,822 FY99 Dollars ($ 000’s) $186,932 24,112 730,337 177,736 2,418,889 328,344 306,743 42,558 329,090 1,287,073 224,116 470,387 16 78,096 22,461 862,363 556,059 216,030 217,607 239,671 547,033 137,450 298,043 648,622 351,514 400,552 259,550 596,807 93,434 206,650 46,178 182,061 296,296 96,108 2,117,660 482,827 112,144 814,186 356,827 178,047 1,980,263 61,227 168,652 317,796 128,867 485,560 1,695,770 178,263 99,226 334,853 366,309 46,022 393,402 51,735 $23,323,934 Borrowers 50,695 5,172 177,544 47,759 460,626 82,857 59,470 9,393 37,959 278,749 23,422 97,691 4 18,074 7,247 159,054 142,780 50,554 55,883 61,899 126,390 31,145 63,582 125,828 89,227 115,149 63,895 126,669 21,026 45,321 13,578 39,881 84,675 24,197 424,969 120,061 31,781 194,206 85,990 39,807 458,609 11,678 34,965 73,204 35,215 104,199 389,029 43,181 21,953 90,513 77,436 13,986 105,697 13,881 5,167,758 FY00 Dollars ($ 000’s) $229,365 22,522 915,647 219,809 2,569,023 367,448 321,003 53,374 297,803 1,480,115 232,045 517,202 12 85,081 24,965 918,316 600,756 254,776 232,802 275,688 583,178 141,730 326,019 748,838 385,578 462,705 267,474 675,590 82,278 205,598 55,676 193,221 358,715 99,179 2,463,821 569,431 117,292 900,483 377,552 185,621 2,256,015 57,655 169,402 336,915 134,171 490,311 1,832,584 176,392 109,663 393,780 366,948 50,134 439,204 53,917 $25,656,044 NOTES: Totals do not include Consolidation loan data. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 90 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 23. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 Public 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 10,648 1,999 11,680 18,024 79,738 23,335 11,081 1,688 196 44,577 15,039 20 3,567 471 15,986 35,926 — 16,233 17,383 61,515 10,670 20,122 7,620 10,998 16,665 22,750 14,289 10,131 11,061 2,661 10,975 2,848 10,044 47,759 29,716 13,280 40,875 25,351 1,911 93,150 62 2,631 27,428 12,558 23,920 117,591 15,786 313 12,448 13,337 2,646 30,473 4,115 1,035,292 Dollars ($ 000’s) $47,241 8,795 60,555 78,884 383,160 95,940 51,385 5,963 2,119 229,073 63,491 108 17,308 1,450 65,935 142,705 — 75,519 77,188 274,526 42,797 105,850 31,772 49,353 55,422 101,160 58,698 41,669 42,764 14,681 44,991 19,520 41,256 218,465 124,025 49,315 179,239 111,898 7,040 354,001 222 9,674 123,657 47,731 108,706 561,876 67,483 2,913 50,457 63,863 9,371 119,573 18,042 $4,558,829 Borrowers 11,212 2,681 10,678 18,786 75,202 22,574 10,893 1,824 171 45,958 16,591 11 3,384 9 16,596 34,190 — 15,294 16,875 55,614 11,105 19,326 8,271 10,129 15,826 23,222 14,851 10,241 10,544 2,771 10,929 3,169 9,496 46,254 30,361 13,534 37,679 25,474 2,497 94,733 904 2,455 27,155 12,706 24,457 119,861 19,698 300 13,177 13,920 2,603 30,303 3,979 1,030,473 FY98 Dollars ($ 000’s) $49,604 12,358 55,283 81,401 358,719 91,832 48,255 6,778 1,654 231,533 69,880 42 15,977 21 69,475 135,917 — 69,928 73,923 235,738 44,991 104,541 33,873 44,586 52,156 106,961 61,821 40,534 41,083 13,766 45,026 20,005 38,810 204,713 126,243 50,691 170,831 113,050 10,028 359,512 4,783 8,889 122,713 48,849 111,882 569,884 96,723 2,646 53,699 65,420 8,555 117,526 17,067 $4,520,176 Borrowers 13,401 2,833 9,824 17,929 72,859 21,663 10,727 1,636 187 45,643 15,650 4 3,906 — 17,128 34,576 1 13,932 18,679 52,209 10,664 17,993 7,461 7,792 13,012 23,205 13,975 10,361 9,904 2,582 10,914 5,960 9,676 48,181 27,280 13,238 34,874 24,970 2,587 88,485 7,425 2,309 25,057 12,819 26,123 117,662 16,391 811 13,432 13,539 2,381 27,974 3,805 1,005,629 FY99 Dollars ($ 000’s) $57,528 12,240 49,654 77,140 340,657 88,244 45,750 5,928 1,796 218,431 66,464 16 19,014 — 72,269 139,681 2 62,461 80,172 222,515 42,300 92,490 28,590 34,504 40,350 109,509 56,679 42,776 38,334 12,390 44,507 32,559 39,909 209,585 116,075 49,664 154,046 109,885 10,037 341,433 26,143 8,139 114,658 49,810 118,350 559,688 71,514 4,498 55,958 64,185 8,239 113,170 16,381 $4,376,315 Borrowers 17,410 2,549 8,883 21,382 72,850 21,263 11,214 1,683 849 47,683 14,662 3 3,446 — 16,444 33,705 — 14,469 19,530 51,979 10,340 17,210 8,254 7,168 13,816 23,667 17,157 9,248 9,549 2,591 10,326 11,999 9,160 51,687 31,483 13,147 36,552 24,618 2,567 92,316 6,793 1,228 24,440 12,374 26,322 120,024 16,306 3,909 13,117 13,053 2,395 28,193 3,621 1,034,635 FY00 Dollars ($ 000’s) $75,207 11,130 45,052 99,004 341,909 89,143 46,577 6,291 4,452 234,348 62,814 8 16,119 — 69,473 139,629 — 65,540 88,642 228,752 39,409 90,880 32,820 35,911 48,368 109,112 77,589 36,538 37,100 12,529 41,437 56,010 36,107 233,634 137,716 51,031 167,921 109,714 10,971 373,586 23,938 3,981 114,947 47,597 119,543 573,026 68,996 17,077 54,237 62,150 8,472 117,017 15,487 $4,588,951 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 91 Table 23. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 7,588 257 5,347 4,237 92,235 5,718 19,110 2,446 20,048 40,226 18,422 2,830 1,050 52,811 22,574 18,731 7,895 9,888 8,432 5,189 6,301 51,009 25,156 25,199 4,869 36,257 2,430 10,496 302 8,716 10,700 1,370 125,765 20,884 2,511 42,754 9,891 9,457 99,667 3,561 13,850 10,028 3,027 21,066 39,858 7,900 7,615 13,672 12,647 3,485 14,201 989,678 Dollars ($ 000’s) $37,825 1,355 32,468 17,565 583,577 27,265 102,921 14,027 136,675 253,828 121,669 12,248 4,127 297,712 90,304 93,812 33,685 40,141 44,378 24,721 26,657 287,537 114,802 120,273 23,751 206,851 10,431 50,103 1,395 38,068 45,557 7,246 716,817 97,937 9,976 203,887 49,543 51,950 484,251 18,500 54,620 41,846 11,739 100,736 206,343 38,384 36,118 63,581 64,579 12,410 62,059 $5,228,248 Borrowers 7,742 282 4,654 4,240 95,691 5,524 19,409 2,686 18,950 38,432 20,201 3,097 1,153 53,869 23,225 18,725 7,806 9,831 8,750 5,402 6,921 50,231 30,194 25,537 4,937 38,148 2,259 10,599 297 9,223 10,653 1,602 126,753 20,999 2,598 44,655 9,228 9,493 103,947 2,720 14,005 10,092 3,065 20,562 40,261 7,773 7,563 13,760 13,340 2,942 14,058 1,008,084 FY98 Dollars ($ 000’s) $37,700 1,411 29,110 17,963 601,017 27,917 104,019 15,084 128,824 236,097 114,111 12,968 4,808 302,802 93,587 92,194 34,440 39,858 45,559 25,177 28,719 280,397 127,010 124,859 23,758 214,386 9,586 50,572 1,465 40,755 44,819 9,115 717,669 97,115 10,136 212,245 45,103 52,103 513,118 14,507 53,690 41,131 12,088 98,381 208,348 37,883 35,821 63,733 71,322 10,591 59,039 $5,274,109 Borrowers 7,769 274 4,307 4,158 93,919 4,792 18,868 2,992 17,656 35,802 19,446 3,210 1,102 52,350 24,078 18,698 8,125 8,790 8,912 5,070 6,560 48,944 31,867 24,918 5,073 37,350 1,891 10,708 287 8,485 10,785 1,461 122,419 19,656 2,546 40,825 9,468 9,581 98,335 2,234 15,013 9,766 3,056 19,913 39,480 7,169 7,210 12,167 12,669 2,510 14,314 976,978 FY99 Dollars ($ 000’s) $36,778 1,411 28,921 17,740 589,514 25,433 99,199 15,466 118,719 214,304 115,079 14,624 4,435 287,325 95,734 89,582 35,257 36,337 46,092 23,952 27,796 273,239 129,718 120,505 24,772 209,279 8,125 50,578 1,390 38,197 45,574 8,243 688,855 90,151 9,773 189,973 46,489 53,822 482,304 15,596 62,287 39,637 11,737 96,947 201,200 35,374 33,720 56,539 70,125 9,532 61,263 $5,088,641 Borrowers 7,843 231 4,421 3,863 93,064 5,536 19,450 3,188 16,154 38,110 20,680 3,359 1,170 51,954 24,177 20,572 8,259 9,483 9,049 5,179 6,804 54,690 32,089 25,101 5,414 39,697 1,746 10,505 264 8,876 11,069 1,721 133,709 21,970 2,297 41,930 9,642 9,004 104,310 2,104 15,486 10,302 3,203 20,607 40,006 6,668 7,071 13,414 12,188 2,672 14,660 1,014,961 FY00 Dollars ($ 000’s) $37,523 1,157 29,247 16,123 588,646 32,151 99,730 18,435 110,047 260,741 116,237 15,850 4,998 289,927 96,607 102,567 35,835 39,827 45,808 26,420 28,533 311,112 135,053 122,683 26,544 224,264 7,431 50,173 1,351 41,492 48,697 10,832 780,126 100,195 8,977 196,882 47,521 51,289 527,324 14,893 61,985 44,418 12,689 102,162 204,024 33,123 33,722 63,715 68,130 8,863 63,028 $5,399,107 92 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 23. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Public 2-year FY97 State Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 498 10,345 1,502 20,301 5,117 810 34 24,785 5,566 1,018 900 7,145 5,640 5,779 7,003 545 6,724 1,774 4,058 4,216 6,808 23,170 7,233 5,397 1,926 3,932 1,040 2,903 5,161 2,463 22,342 4,883 3,745 17,639 10,579 3,799 12,336 293 2,580 2,893 6,164 26,821 1,924 1,390 4,437 9,501 917 15,623 2,582 324,241 Dollars ($ 000’s) $1,413 28,684 3,717 58,767 13,153 1,772 62 69,798 15,872 3,034 2,384 16,675 13,396 15,189 17,065 1,162 19,931 4,970 9,151 9,013 15,943 61,465 16,562 14,415 5,640 9,409 2,735 9,155 11,049 7,227 54,413 12,757 9,745 46,863 27,675 9,219 28,090 444 5,098 7,982 15,292 72,312 4,802 3,239 10,786 25,064 2,322 39,476 6,680 $841,069 Borrowers 660 8,967 1,607 20,645 4,309 606 56 25,526 6,327 986 859 6,448 6,853 5,492 6,569 397 6,031 1,946 3,999 3,820 5,793 22,539 7,117 5,779 1,458 3,827 1,105 2,607 5,896 2,703 21,728 5,907 3,935 17,617 10,058 4,609 12,608 227 3,786 3,098 6,017 26,605 2,210 1,391 4,775 9,085 785 15,295 2,462 323,125 FY98 Dollars ($ 000’s) $1,836 24,532 3,690 59,260 10,965 1,345 99 72,154 17,549 2,864 2,177 14,969 16,677 14,650 16,278 890 17,315 5,498 9,073 7,779 12,996 59,407 15,668 15,273 4,131 9,275 3,020 7,595 13,118 7,886 52,501 15,131 10,390 45,825 25,617 11,560 29,037 318 9,142 8,399 15,057 70,145 5,952 3,380 11,869 24,668 1,871 39,287 6,272 $834,391 Borrowers 582 7,829 1,676 18,772 4,290 408 67 27,821 5,658 994 942 5,661 6,915 5,879 6,525 416 6,135 1,930 3,793 2,654 5,311 16,563 6,808 5,633 1,470 3,867 1,284 2,457 5,159 3,003 19,586 5,597 3,929 15,454 8,874 5,147 11,703 151 3,511 3,153 5,675 24,929 1,878 1,308 3,821 8,468 777 13,831 2,242 300,536 FY99 Dollars ($ 000’s) $1,621 21,340 4,030 53,625 11,305 860 99 81,107 15,178 2,832 2,455 12,976 15,916 15,243 15,941 974 18,026 5,361 9,038 5,685 11,855 40,409 15,530 14,749 4,185 8,987 3,689 7,060 11,769 8,935 46,475 14,426 10,266 38,553 21,942 12,922 26,938 193 8,098 8,557 14,454 65,796 4,527 3,187 9,133 23,050 1,908 35,324 5,663 $772,190 Borrowers 507 8,579 2,148 16,902 3,988 356 84 29,788 5,493 1,024 988 5,360 8,308 6,515 6,784 423 6,522 1,970 4,034 2,476 5,104 16,971 7,407 5,665 1,473 3,876 1,388 2,403 5,621 3,036 18,233 4,192 3,624 15,305 9,639 5,837 12,388 140 3,574 3,096 5,863 24,132 2,053 1,171 3,538 8,359 716 15,738 2,180 304,971 FY00 Dollars ($ 000’s) $1,300 24,505 5,428 48,780 10,431 781 95 87,297 14,236 2,989 2,598 11,921 19,413 17,074 16,758 953 19,786 5,465 9,648 5,676 11,777 42,779 17,008 14,800 4,241 8,866 3,891 7,015 13,355 9,023 43,497 10,183 9,298 38,626 25,337 14,866 30,144 213 8,841 8,396 15,059 61,990 4,989 2,718 8,871 22,813 1,748 41,269 5,404 $792,148 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 93 Table 23. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 2-year FY97 State Alabama Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New York North Carolina Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 40 1,040 371 8,722 110 279 10 32 490 924 915 1,665 971 320 901 1,293 128 53 79 67 1,985 44 708 488 1,278 16 263 1 246 640 4,931 430 1,073 165 135 3,517 184 59 318 225 423 603 200 80 307 114 60 62 36,965 Dollars ($ 000’s) $107 2,711 924 27,545 291 925 41 122 1,599 2,344 2,895 4,280 2,852 859 2,526 3,394 330 148 213 197 6,178 126 1,996 1,243 4,412 55 1,027 1 591 2,012 14,435 1,249 2,915 394 434 12,771 370 207 784 645 1,309 1,801 522 211 890 326 149 196 $111,556 Borrowers 28 303 133 8,982 130 185 11 2 671 867 1,024 1,803 1,164 304 853 1,215 141 62 82 34 1,437 8 914 504 999 11 230 — 166 552 3,849 377 880 142 95 3,113 159 49 270 235 263 498 200 104 283 107 63 78 33,580 FY98 Dollars ($ 000’s) $82 952 333 29,155 377 619 42 6 2,045 2,094 3,266 4,646 3,410 816 2,292 3,253 376 168 235 80 4,353 11 2,651 1,356 3,202 36 820 — 357 1,913 11,664 1,158 2,494 333 371 9,782 333 193 694 699 719 1,411 565 276 866 301 144 174 $101,124 Borrowers 35 72 119 8,897 126 180 13 — 1,019 891 1,089 1,815 1,016 322 786 1,355 120 68 76 44 1,830 4 842 337 923 9 195 — 90 430 3,489 355 742 158 16 2,817 105 40 196 219 228 517 186 102 285 137 29 14 32,338 FY99 Dollars ($ 000’s) $80 127 299 28,523 348 568 46 — 3,414 2,433 3,526 4,826 2,953 850 1,904 3,615 325 172 260 113 5,957 7 2,380 837 2,766 30 729 — 163 1,466 10,446 1,058 2,209 403 40 8,709 223 139 492 631 715 1,545 467 267 956 391 79 42 $97,527 Borrowers 24 861 121 9,537 196 260 8 — 1,148 901 1,244 1,705 1,134 375 807 1,459 173 61 84 71 1,640 3 885 384 851 16 137 — 83 358 3,353 315 716 220 — 2,970 211 39 219 253 307 391 170 106 296 352 33 27 34,504 FY00 Dollars ($ 000’s) $63 2,420 331 29,535 519 780 28 — 3,392 2,339 3,959 4,569 3,170 1,073 2,102 3,943 443 141 215 204 5,384 10 2,433 1,091 2,476 61 510 — 184 1,167 10,262 901 2,031 581 — 9,546 430 120 591 709 852 1,125 455 299 999 1,026 87 97 $102,653 94 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 23. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Proprietary FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 1,387 174 38,403 531 49,711 9,756 3,816 105 5,213 27,333 5,281 529 541 10,176 9,580 1,652 1,234 3,412 3,751 1,686 3,715 5,287 4,601 5,072 234 8,107 521 1,125 2,021 2,237 13,315 1,933 24,925 1,672 281 11,514 3,697 3,595 27,944 3,203 2,072 1,729 985 7,123 22,728 3,000 525 9,070 7,189 1,414 2,083 1,033 358,221 Dollars ($ 000’s) $4,051 264 167,925 1,609 164,900 31,885 9,087 188 20,000 94,382 15,249 1,284 1,424 38,627 29,308 4,907 3,307 10,100 9,876 4,864 9,175 13,817 12,107 14,663 425 28,085 1,576 3,244 5,598 5,952 40,729 5,955 69,755 3,949 763 33,001 10,109 10,533 83,208 6,118 4,984 4,035 3,520 20,122 66,255 7,922 1,621 26,283 20,688 3,750 6,186 2,367 $1,139,731 Borrowers 1,318 139 41,817 808 50,648 11,466 2,972 105 5,619 29,312 6,301 624 533 11,372 9,326 1,921 1,047 3,917 3,024 1,359 3,729 4,487 4,733 5,372 84 9,112 442 1,055 1,895 1,008 14,920 1,623 23,331 2,331 436 10,861 4,401 3,562 29,963 1,799 1,861 1,988 1,269 7,030 23,498 3,324 569 9,772 7,586 1,466 1,437 1,167 369,739 FY98 Dollars ($ 000’s) $4,175 193 178,929 2,314 170,119 38,027 7,241 183 21,468 104,515 19,566 1,798 1,571 43,259 27,922 5,566 2,977 11,573 8,040 4,005 9,597 12,206 12,327 15,274 148 30,796 1,362 3,168 5,363 2,449 44,244 5,569 66,912 5,741 1,175 30,959 13,548 10,230 87,757 3,356 4,529 4,830 4,627 20,146 68,474 8,511 1,881 28,467 22,120 3,964 4,434 2,678 $1,190,285 Borrowers 1,153 143 50,295 675 56,377 12,515 1,872 39 6,082 33,320 8,214 804 635 13,187 9,042 1,439 994 4,658 3,795 1,161 3,677 5,282 4,873 6,979 1 9,413 440 1,287 2,139 345 17,247 1,842 24,650 3,161 362 11,246 4,657 4,166 31,689 1,797 1,615 2,257 1,488 7,294 27,139 3,569 514 10,600 7,490 1,650 1,258 1,453 407,980 FY99 Dollars ($ 000’s) $3,886 207 228,183 1,955 189,471 42,993 5,059 67 24,747 121,212 27,988 2,160 1,868 55,193 27,870 3,887 2,986 14,060 10,887 3,422 9,156 15,026 12,912 21,991 2 31,080 1,326 3,703 6,217 877 49,416 5,948 73,239 8,581 1,079 32,958 15,742 12,430 94,758 4,691 3,806 5,789 5,182 20,976 79,237 9,911 1,717 31,777 22,277 4,620 4,456 3,453 $1,362,435 Borrowers 1,155 200 65,200 608 64,608 13,355 1,907 — 3,230 39,331 10,382 996 691 14,479 9,782 2,217 1,149 5,755 4,476 1,006 4,241 5,630 5,386 7,966 — 9,992 129 1,473 2,910 963 16,674 1,715 30,344 3,752 521 11,632 4,781 4,564 33,350 1,178 1,853 1,159 1,861 7,560 31,825 3,929 574 14,434 7,295 2,232 1,273 1,553 463,276 FY00 Dollars ($ 000’s) $3,918 393 291,167 1,792 216,656 46,783 4,978 — 14,318 146,862 37,593 3,226 2,069 61,528 30,000 6,397 3,282 17,946 12,653 2,857 11,359 15,875 14,413 26,662 — 35,873 333 4,639 8,344 2,633 47,357 5,979 100,309 10,447 1,600 33,926 16,238 14,097 98,233 1,646 4,582 3,496 6,984 22,587 93,696 11,639 1,932 45,366 21,860 6,236 4,859 3,713 $1,581,328 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 95 Table 23. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Total FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Foreign Countries Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total — Not applicable. NOTES: States are only shown in this table if they have loan volume for the type of institution shown on that page. The loan volume information for foreign countries is not available by type of institution. Therefore data for this group is shown in the total columns only. Totals do not include Consolidation loan data. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY98 Borrowers 20,960 3,102 66,419 25,574 251,168 44,003 34,065 4,682 24,742 139,899 11,343 50,287 11 9,115 4,357 89,449 73,898 26,991 31,931 31,161 73,481 19,894 34,009 68,246 50,857 70,188 35,864 68,889 14,411 26,255 6,068 23,933 35,190 15,424 221,915 59,975 20,503 111,692 49,303 20,256 244,364 5,582 18,597 43,291 20,373 58,329 210,723 33,205 9,927 41,767 44,038 7,859 61,171 7,608 2,776,344 Dollars ($ 000’s) $93,397 13,962 288,806 105,701 1,218,270 169,119 161,479 22,187 151,952 646,345 102,631 223,200 42 36,873 13,223 433,915 274,919 114,702 126,877 126,619 306,820 79,907 152,009 338,609 196,930 254,347 147,891 325,477 55,649 104,919 23,615 96,182 124,100 61,381 1,053,459 245,389 72,393 462,353 197,651 84,291 999,205 22,979 67,619 178,510 74,663 246,185 918,261 149,634 44,005 158,634 183,832 25,124 220,459 26,017 $12,027,391 Borrowers 22,940 3,250 72,327 24,557 250,824 43,386 32,055 4,747 23,925 143,605 11,959 49,859 4 10,003 4,494 89,342 74,933 26,803 30,931 32,663 71,119 18,901 32,067 66,171 49,847 62,314 35,424 67,294 14,171 25,961 6,292 22,291 39,581 15,982 218,325 56,049 20,075 103,141 48,127 21,497 233,029 11,561 19,128 40,787 20,735 59,233 209,727 29,193 9,945 40,305 42,303 7,347 57,391 7,500 2,735,420 FY99 Dollars ($ 000’s) $99,894 13,858 328,224 101,164 1,201,789 168,322 151,436 21,607 145,262 638,468 107,563 227,142 16 42,155 13,583 430,716 280,051 110,618 120,260 131,869 297,691 75,294 138,594 328,497 188,996 225,636 150,649 314,553 56,442 102,331 23,686 90,804 140,784 63,035 1,028,600 230,290 70,782 417,738 194,462 89,250 954,142 46,652 74,564 168,674 75,917 251,441 907,466 121,794 43,389 154,363 180,029 24,378 214,254 25,497 $11,862,070 Borrowers 26,939 2,980 87,944 28,122 256,961 44,338 33,187 4,963 20,233 156,060 12,066 52,118 3 10,069 4,554 89,371 76,347 30,111 32,120 35,364 72,087 18,579 32,360 72,690 49,750 64,739 36,872 73,362 12,612 25,540 7,153 22,651 45,721 15,632 237,326 61,712 19,589 106,135 48,900 21,972 245,334 10,286 18,746 39,694 20,787 60,659 216,378 29,126 12,831 44,799 41,247 8,048 59,891 7,354 2,864,413 FY00 Dollars ($ 000’s) $118,011 12,680 392,392 122,678 1,225,526 179,026 152,846 24,849 128,817 732,639 109,135 233,219 8 42,142 14,234 436,018 286,723 128,141 125,357 147,812 307,140 74,365 140,624 370,866 197,163 242,924 153,755 355,002 48,604 101,287 26,115 92,761 166,586 61,941 1,167,828 259,443 70,907 439,384 199,391 91,224 1,038,833 40,907 70,881 172,293 76,375 260,203 933,861 119,201 55,748 173,187 175,979 25,405 226,269 24,603 $12,563,582 Borrowers 20,161 2,430 66,815 24,665 250,707 44,036 35,096 4,283 25,489 137,411 10,817 45,232 20 8,859 4,627 87,089 74,040 27,063 33,658 31,356 80,475 19,398 34,263 70,117 47,607 70,814 35,574 65,328 15,024 26,877 6,025 25,077 32,664 15,810 225,722 57,585 19,817 113,855 49,683 18,897 236,614 7,010 18,905 42,083 19,688 58,696 207,601 28,810 9,923 39,934 42,788 8,522 62,442 7,730 2,755,214 Dollars ($ 000’s) $90,638 10,414 292,343 102,700 1,217,949 168,534 166,091 20,280 158,916 648,679 100,904 218,625 108 36,768 13,666 421,801 276,573 116,434 132,969 128,920 348,860 77,563 151,030 348,317 192,331 253,818 143,141 312,461 59,371 106,548 24,409 98,758 118,867 61,684 1,073,885 239,918 69,799 465,905 199,619 79,176 962,321 25,210 69,928 175,420 71,617 246,166 908,586 119,112 44,101 151,998 174,520 28,002 227,490 27,088 $11,984,533 96 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 24. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 Public 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 6,803 948 7,871 10,822 27,895 12,965 6,908 955 193 24,137 9,225 6 1,813 265 7,809 22,068 — 8,600 11,105 33,294 4,897 12,161 4,737 8,857 8,959 13,977 6,771 5,501 6,932 1,716 5,146 2,154 3,467 26,982 20,296 5,464 24,335 15,230 1,249 54,670 — 1,743 16,729 6,310 14,870 64,326 4,130 300 8,343 9,148 1,626 17,681 2,403 574,792 Dollars ($ 000’s) $27,737 3,886 38,953 47,276 138,082 52,593 32,170 3,473 2,114 110,126 38,038 41 8,624 788 26,670 86,868 — 37,861 49,628 142,777 16,011 65,538 19,192 38,375 27,830 54,434 22,985 20,299 29,383 9,753 20,246 26,474 11,432 123,949 78,897 19,566 116,644 63,591 4,181 189,800 — 6,210 74,478 24,079 67,326 299,591 16,818 5,811 32,364 38,683 7,555 69,639 8,800 $2,457,640 Borrowers 7,570 1,632 7,250 11,426 27,644 13,329 7,388 1,095 167 25,637 10,610 7 1,701 1 8,559 21,826 1 8,478 11,035 33,523 5,569 12,522 5,533 8,493 10,402 15,381 7,383 5,786 6,884 1,743 5,148 2,316 3,517 26,960 22,792 6,058 23,181 16,258 1,565 58,948 183 1,629 17,260 6,477 15,585 68,070 5,951 284 9,081 10,277 1,632 18,188 2,371 602,306 FY98 Dollars ($ 000’s) $31,734 7,538 36,998 49,358 140,800 54,758 33,537 4,380 1,831 116,197 43,871 30 8,192 4 31,233 89,965 2 39,084 49,772 141,466 19,450 69,753 22,182 37,890 32,522 62,011 26,068 20,539 29,424 9,013 20,515 23,860 11,814 124,510 92,279 22,526 114,703 71,546 6,028 218,306 1,020 5,681 79,368 26,151 71,382 323,383 27,461 6,968 36,354 43,231 8,483 72,181 8,583 $2,625,933 Borrowers 9,077 1,839 7,214 11,222 30,093 13,704 7,933 1,076 186 28,788 10,771 — 2,009 1 9,655 24,227 1 8,874 12,547 34,593 5,696 12,091 5,325 7,081 10,129 16,351 7,886 6,232 7,419 1,688 5,797 5,162 3,449 30,221 22,101 6,657 23,197 16,381 1,835 63,510 407 1,770 18,351 7,313 16,864 72,565 5,600 517 10,346 10,263 1,683 19,423 2,463 639,583 FY99 Dollars ($ 000’s) $37,763 8,040 36,241 50,182 156,283 57,994 35,792 4,274 2,013 128,212 47,046 — 10,215 6 36,192 105,419 1 41,866 58,526 152,633 20,439 69,721 21,249 36,169 30,586 70,212 28,077 23,402 32,030 8,461 23,421 38,122 12,115 146,669 94,346 25,367 120,665 76,517 6,908 247,260 2,433 6,385 87,509 29,459 79,418 365,453 23,820 8,115 42,807 46,105 9,342 82,509 9,040 $2,892,828 Borrowers 13,516 1,720 7,034 13,852 34,075 14,875 8,815 1,160 568 31,007 11,385 1 2,031 — 9,795 25,618 — 9,579 13,955 35,798 6,086 12,733 7,909 7,225 13,383 16,815 11,254 5,751 7,578 1,781 6,240 9,119 3,694 35,520 26,976 7,430 26,459 16,809 1,811 72,430 396 977 19,518 7,508 17,363 80,263 5,964 2,283 11,862 10,441 1,678 22,514 2,515 715,070 FY00 Dollars ($ 000’s) $56,782 7,562 38,441 69,883 176,629 64,331 40,517 5,060 3,782 144,107 51,827 4 10,308 — 37,908 116,968 — 46,880 67,808 169,227 21,900 77,025 33,049 44,419 48,539 73,429 53,376 21,526 32,882 10,119 25,319 57,567 13,408 174,149 126,834 28,889 149,523 83,849 7,639 307,140 2,344 3,273 95,835 31,112 84,434 422,200 23,428 15,633 50,007 46,401 10,527 97,644 9,560 $3,391,007 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 97 Table 24. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 5,061 137 3,992 2,085 65,860 4,081 8,553 1,708 13,598 27,181 13,217 2,095 396 29,832 11,172 9,521 4,497 4,688 5,351 2,214 3,438 23,642 13,905 10,657 3,127 19,202 1,691 6,147 231 3,907 4,103 738 67,607 11,410 1,048 22,159 6,070 5,818 51,263 676 7,266 6,067 1,266 11,770 26,877 3,415 4,231 7,864 6,629 2,202 8,241 557,906 Dollars ($ 000’s) $26,300 686 28,566 8,066 538,768 21,230 51,217 11,302 125,980 216,939 104,269 10,143 1,521 219,046 45,219 71,514 19,700 18,312 44,780 15,441 14,409 166,927 69,824 60,487 15,583 145,408 7,565 43,334 1,202 21,023 17,122 4,146 506,266 64,776 3,932 119,410 30,420 37,709 314,949 7,985 30,612 26,049 4,881 64,367 162,692 13,423 21,432 39,184 40,321 7,709 43,136 $3,685,280 Borrowers 5,428 160 3,988 2,392 69,759 4,092 9,189 1,763 13,170 26,682 13,866 2,176 485 32,303 12,033 9,966 4,799 5,028 5,676 2,371 3,844 24,425 16,536 11,522 3,389 21,404 1,553 6,315 251 4,100 4,575 875 69,965 12,216 1,320 24,753 6,098 5,988 55,243 611 7,172 6,581 1,434 12,139 27,635 3,487 4,551 8,364 7,193 2,029 8,580 589,474 FY98 Dollars ($ 000’s) $28,390 862 29,360 9,179 583,871 22,869 56,647 11,913 123,472 222,009 93,097 10,012 2,001 257,461 50,659 76,534 22,297 20,118 43,334 18,889 15,968 180,779 80,956 65,850 16,903 162,410 6,827 43,368 1,313 21,504 19,516 5,711 534,148 68,955 4,922 134,362 31,037 39,370 369,241 8,591 30,860 26,941 5,290 69,817 170,769 14,288 23,023 43,048 44,927 7,144 46,835 $3,977,652 Borrowers 5,801 193 4,032 2,535 71,380 3,485 9,471 1,974 12,722 27,621 14,092 2,282 553 32,524 13,475 10,591 5,554 4,858 6,064 2,481 3,803 24,543 18,726 12,157 3,562 22,325 1,305 6,645 257 4,224 5,276 823 72,691 12,729 1,551 24,494 6,453 6,311 57,932 785 7,913 6,896 1,647 12,506 28,290 3,392 4,443 8,165 7,267 1,774 9,170 609,743 FY99 Dollars ($ 000’s) $30,381 1,105 38,139 9,725 621,188 21,578 61,150 12,347 123,120 273,065 110,521 11,699 2,173 257,136 58,249 79,171 26,744 22,261 47,712 20,076 16,318 185,792 89,611 68,787 18,303 175,318 5,611 47,417 1,342 24,149 23,269 5,256 568,772 73,547 5,999 134,804 33,251 43,538 400,385 11,769 35,890 29,260 6,185 80,258 175,547 14,218 22,511 43,259 48,814 6,912 51,463 $4,275,099 Borrowers 6,231 175 4,128 2,464 72,412 4,365 10,097 2,454 11,696 29,561 15,431 2,546 698 35,315 14,920 12,543 6,225 5,496 6,736 2,843 4,318 28,624 20,623 13,914 3,989 25,434 1,243 7,232 235 4,689 5,846 1,015 83,356 15,087 1,435 26,889 6,818 6,113 67,950 916 8,775 7,580 1,893 14,033 30,549 3,203 4,638 9,460 7,742 2,020 10,679 672,634 FY00 Dollars ($ 000’s) $33,265 973 42,628 9,565 649,876 30,049 65,369 17,349 117,359 296,095 123,435 14,104 2,995 290,893 64,977 96,531 31,530 26,878 53,274 25,172 18,971 219,243 103,571 80,296 20,624 194,945 5,328 54,043 1,339 27,635 28,445 7,549 676,532 85,311 5,810 146,582 35,675 42,902 483,819 13,966 39,753 34,783 7,398 89,625 189,021 14,097 24,489 50,191 52,408 6,822 60,300 $4,813,789 98 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 24. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Public 2-year FY97 State Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 259 3,470 475 6,826 2,268 652 36 12,387 3,314 518 314 2,992 2,955 3,120 3,358 92 3,000 781 2,994 2,202 4,565 11,005 3,607 2,542 803 2,166 659 1,453 3,735 1,429 14,577 2,749 1,156 10,669 4,556 1,958 9,402 320 808 1,510 2,663 13,327 468 622 2,894 5,335 390 5,340 1,480 164,201 Dollars ($ 000’s) $629 10,603 1,169 20,537 5,906 1,408 66 39,443 10,626 1,624 854 7,034 6,575 8,115 8,344 170 9,036 2,223 7,392 4,615 10,728 28,906 7,914 7,407 2,394 5,295 2,070 5,758 8,784 4,697 34,085 7,732 2,949 30,216 11,750 5,549 21,601 570 1,410 4,868 6,321 37,538 1,117 1,670 6,819 16,111 908 14,300 3,536 $439,370 Borrowers 348 3,175 659 7,810 2,012 699 48 13,654 3,909 522 275 3,046 4,132 3,074 3,343 85 2,931 844 3,261 2,481 4,217 11,784 3,717 2,994 440 2,204 743 1,222 4,035 1,690 15,252 3,285 1,427 12,659 4,231 2,422 10,061 293 1,097 1,697 2,581 13,321 639 666 2,987 5,517 362 5,814 1,467 175,132 FY98 Dollars ($ 000’s) $794 9,755 1,387 23,671 5,121 1,572 97 44,228 11,929 1,628 800 7,199 9,362 8,049 8,511 149 8,457 2,455 8,122 5,347 9,622 31,568 8,001 8,522 1,186 5,349 2,446 4,395 9,546 5,768 35,278 9,070 3,680 36,079 9,797 7,076 23,914 476 2,177 5,405 6,088 38,086 1,524 1,818 7,050 17,503 846 15,886 3,603 $470,392 Borrowers 301 3,442 767 7,259 2,363 599 93 13,662 3,618 528 312 2,850 4,516 3,402 3,578 114 3,130 897 3,156 2,488 4,219 9,795 3,613 3,150 547 2,399 855 1,210 3,759 1,780 14,637 3,196 1,594 11,794 4,225 2,975 10,039 246 1,104 1,804 2,488 13,009 620 637 2,495 5,601 433 5,560 1,421 172,280 FY99 Dollars ($ 000’s) $729 11,013 1,941 22,185 6,513 1,267 186 44,926 10,533 1,656 941 6,768 10,044 9,080 9,186 225 8,997 2,592 8,282 5,564 9,808 25,329 8,080 8,692 1,594 5,644 3,062 4,225 9,064 6,305 34,225 8,820 4,183 31,911 9,866 8,815 24,899 451 2,311 5,750 5,977 37,999 1,443 1,714 5,735 17,720 1,098 15,020 3,509 $465,876 Borrowers 261 3,997 1,001 6,816 2,453 501 159 14,938 3,657 556 399 3,100 6,402 3,750 3,663 112 3,592 1,000 3,356 2,566 4,608 11,772 4,474 3,394 610 2,540 1,131 1,340 4,689 1,904 15,052 2,366 1,919 12,722 5,114 3,738 11,693 239 1,228 1,857 2,562 13,247 709 627 2,489 5,874 380 7,256 1,514 189,327 FY00 Dollars ($ 000’s) $511 13,455 2,771 21,156 7,047 1,151 360 49,293 9,858 1,829 1,191 7,352 15,115 10,179 9,440 214 9,761 2,808 8,902 6,194 11,001 32,216 10,018 9,507 1,893 6,010 4,321 4,810 11,950 6,690 36,460 6,032 4,880 36,773 13,386 11,197 32,512 453 2,692 5,938 6,158 38,660 1,593 1,522 5,827 18,885 920 19,682 3,758 $524,328 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 99 Table 24. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 2-year FY97 State Alabama Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska New Jersey New York Ohio Oklahoma Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 42 909 249 6,808 107 235 1 23 400 717 548 517 428 144 276 996 68 45 50 37 1,185 32 411 75 565 13 149 466 3,089 764 51 2,218 2 31 191 141 309 397 55 18 264 36 13 33 23,654 Dollars ($ 000’s) $105 1,672 580 20,859 413 927 4 83 1,155 1,867 1,476 1,132 1,423 442 757 3,591 199 187 173 137 4,323 89 1,405 153 2,226 52 550 1,574 10,479 2,444 114 10,727 3 105 472 486 1,032 1,454 133 72 882 112 39 148 $78,050 Borrowers 28 297 57 7,110 125 162 3 — 606 734 639 532 537 113 279 935 67 56 59 17 862 5 610 133 508 7 135 358 2,406 632 44 1,996 10 24 178 165 167 339 48 33 238 104 22 33 21,868 FY98 Dollars ($ 000’s) $90 652 139 23,116 477 651 3 — 1,442 1,962 1,794 1,154 1,622 313 660 3,466 185 211 197 45 3,114 10 1,895 310 1,849 24 523 1,341 8,670 1,982 112 6,929 19 100 493 552 461 1,184 132 107 882 411 53 102 $71,014 Borrowers 23 75 61 7,260 129 166 1 — 947 700 718 571 486 152 274 1,088 68 63 54 28 1,073 1 711 117 542 7 107 348 2,238 521 61 1,832 7 20 134 151 165 390 62 39 232 129 11 7 22,109 FY99 Dollars ($ 000’s) $45 158 133 24,465 413 643 4 — 2,712 1,878 2,150 1,314 1,413 426 575 4,102 176 211 235 88 4,228 3 2,196 314 1,966 36 411 1,249 8,055 1,751 178 6,441 15 73 377 523 518 1,424 169 127 817 523 24 18 $73,640 Borrowers 33 779 43 7,759 173 253 1 — 1,074 710 834 628 543 219 300 1,213 84 62 72 44 1,069 2 785 105 539 10 77 312 2,431 486 108 1,991 4 24 138 189 182 359 70 26 238 151 11 20 24,445 FY00 Dollars ($ 000’s) $93 2,387 131 26,980 579 1,030 0 — 3,030 1,927 2,770 1,469 1,550 698 698 4,549 254 209 283 160 4,309 11 2,599 231 1,922 43 292 1,169 9,363 1,591 295 7,754 7 85 405 630 562 1,297 177 77 948 574 49 110 $84,310 100 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 24. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Proprietary FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 860 126 33,811 221 39,935 7,428 2,946 103 4,670 19,846 3,679 325 418 6,744 6,125 1,112 1,065 2,004 2,087 949 2,827 4,183 3,058 3,021 11 6,054 444 652 1,775 1,702 9,116 1,544 14,617 890 183 7,479 2,730 2,835 16,979 16 1,328 1,432 592 3,586 16,918 2,157 339 6,790 5,835 531 1,676 501 256,255 Dollars ($ 000’s) $2,351 259 162,197 655 150,339 26,927 9,051 184 15,201 71,079 13,564 898 1,239 33,123 19,040 3,734 3,225 5,823 5,890 2,479 8,292 13,174 8,342 10,436 32 23,044 1,781 2,125 5,522 4,966 32,792 5,116 44,515 2,210 691 22,285 9,310 8,975 56,766 47 4,341 4,002 1,617 10,855 57,339 6,953 1,371 21,960 21,446 1,169 5,444 1,389 $925,564 Borrowers 825 124 37,683 283 41,485 8,727 2,260 105 5,238 23,009 4,666 362 412 7,726 5,963 1,388 876 2,288 1,976 799 3,006 3,525 2,877 3,612 1 6,802 329 642 1,673 775 10,998 1,304 14,610 1,311 318 7,367 3,271 2,856 18,573 22 1,325 1,660 792 4,065 16,832 2,514 365 7,456 6,086 611 1,080 482 273,335 FY98 Dollars ($ 000’s) $2,472 236 183,428 849 164,834 33,491 6,889 175 18,444 86,606 18,417 996 1,387 38,281 17,823 4,759 2,627 6,998 5,774 2,268 9,392 11,760 8,086 12,677 2 26,076 1,326 2,182 5,422 2,135 40,489 5,057 44,977 2,957 1,171 21,816 12,074 9,306 62,200 55 4,376 4,405 2,588 12,234 57,416 8,012 1,509 23,757 21,929 1,363 3,728 1,353 $1,018,583 Borrowers 824 136 47,568 301 46,003 10,192 1,311 39 5,789 27,728 6,216 502 498 9,618 6,111 1,044 837 2,870 2,571 680 2,972 4,119 2,818 5,003 — 7,655 347 810 1,950 228 13,502 1,530 15,471 2,222 259 8,066 3,677 3,415 20,312 57 1,229 1,846 1,002 4,627 20,627 2,714 328 8,740 6,060 705 972 636 314,737 FY99 Dollars ($ 000’s) $2,635 286 252,017 967 182,714 40,477 4,556 74 22,822 110,877 27,375 1,413 1,701 56,300 19,166 3,424 2,617 9,067 8,192 1,971 8,411 14,615 7,957 20,450 — 29,118 1,351 2,848 6,415 792 50,522 6,152 53,000 5,844 983 25,144 14,850 11,597 70,461 201 4,160 5,577 3,120 14,103 72,898 9,428 1,399 29,060 22,138 1,599 4,144 1,893 $1,248,880 Borrowers 920 184 62,845 310 53,839 11,348 1,506 — 3,192 33,990 8,531 666 577 11,330 7,363 1,816 967 4,123 3,403 618 3,703 4,590 3,678 5,987 — 8,570 75 1,007 2,761 713 13,087 1,393 20,252 3,053 344 8,867 3,873 3,842 22,246 25 1,468 879 1,346 5,236 24,887 3,098 340 12,793 5,972 1,276 1,070 818 374,777 FY00 Dollars ($ 000’s) $3,633 517 347,106 1,083 216,429 45,355 5,180 — 14,924 147,022 39,053 2,257 2,184 70,061 24,445 6,944 3,083 14,052 10,673 1,893 11,894 16,719 10,249 26,898 — 34,391 204 3,902 10,105 2,603 48,316 5,820 76,481 9,074 1,424 29,093 14,853 14,111 78,113 52 5,067 2,934 4,720 17,595 89,147 11,614 1,448 45,811 22,295 3,386 5,396 2,330 $1,561,938 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 101 Table 24. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Total FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Foreign Countries Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total — Not applicable. NOTES: States are only shown in this table if they have loan volume for the type of institution shown on that page. The loan volume information for foreign countries is not available by type of institution. Therefore data for this group is shown in the total columns only. Totals do not include Consolidation loan data. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY98 Borrowers 14,199 1,916 52,393 14,817 153,808 28,285 19,698 3,014 18,575 89,588 10,166 33,785 7 5,400 1,705 52,171 44,067 14,708 18,431 18,503 44,162 9,642 22,650 36,826 32,128 37,930 22,621 39,091 8,115 16,180 4,410 11,361 22,282 7,386 129,193 39,855 9,123 68,592 29,902 12,919 144,821 826 10,443 26,776 10,565 34,537 126,197 12,639 5,899 28,126 29,177 4,656 33,695 4,320 1,672,281 Dollars ($ 000’s) $63,481 8,635 260,194 60,912 936,293 116,717 99,297 16,568 143,747 470,482 108,283 169,276 30 22,623 5,346 335,795 168,123 90,005 75,986 77,222 199,242 43,260 103,280 223,182 136,564 144,512 87,228 224,925 29,900 80,845 18,193 48,835 94,752 28,351 747,583 174,207 32,299 308,942 124,566 62,130 680,590 9,684 41,493 113,384 39,986 159,982 590,837 51,416 33,424 111,091 128,000 17,890 138,732 13,539 $8,275,488 Borrowers 16,026 2,168 62,331 14,886 161,995 29,873 19,480 3,183 18,697 98,746 10,645 35,397 — 6,039 1,935 55,133 48,481 15,312 19,931 20,457 46,421 9,808 22,050 37,548 32,845 37,795 23,643 41,558 8,438 17,380 4,750 11,544 28,047 7,582 135,258 40,486 10,061 68,072 30,797 14,553 153,625 1,256 11,178 28,331 11,917 36,650 134,881 12,388 5,964 29,978 29,320 4,606 35,132 4,520 1,769,097 FY99 Dollars ($ 000’s) $71,553 9,432 337,569 62,948 1,006,834 126,975 103,407 16,885 147,955 559,793 112,429 197,352 — 27,133 6,135 357,809 193,304 92,251 84,514 90,253 217,745 45,313 102,819 231,449 143,549 147,349 96,909 243,172 31,993 88,349 19,280 52,769 122,226 29,828 810,721 183,404 36,533 314,274 134,662 70,893 749,446 14,419 46,959 125,034 45,037 180,273 653,321 49,079 33,865 121,678 135,300 18,975 153,155 14,441 $9,079,219 Borrowers 20,961 2,079 78,783 17,670 174,901 33,214 21,172 3,774 15,456 110,570 10,966 39,714 1 6,633 2,302 60,083 54,522 18,409 21,647 23,770 49,591 10,619 24,154 44,758 36,136 45,841 25,383 49,191 7,689 18,434 5,908 13,058 33,053 8,006 156,611 47,700 11,128 75,423 32,722 15,504 176,310 1,341 11,483 29,343 12,793 39,376 149,305 13,044 7,914 36,842 30,180 5,365 41,539 4,847 1,987,219 FY00 Dollars ($ 000’s) $94,284 9,051 444,015 83,434 1,091,070 147,360 113,246 22,769 136,064 639,546 118,503 226,100 4 31,269 7,839 407,765 222,204 114,353 95,481 109,207 243,143 52,055 116,952 279,514 169,251 190,548 104,302 294,140 28,993 97,128 25,885 60,571 147,446 33,466 972,985 228,061 41,003 363,561 148,057 75,850 909,338 16,369 48,631 136,649 49,798 198,374 740,325 50,909 43,169 152,784 140,563 21,703 183,132 15,648 $10,482,251 Borrowers 13,025 1,211 50,053 13,852 147,324 26,849 19,294 2,803 18,484 83,951 9,585 30,152 6 5,299 1,910 47,805 42,464 14,029 18,516 17,957 43,777 8,891 21,457 35,949 30,417 34,053 20,797 35,134 8,452 16,046 4,381 12,375 19,574 7,178 126,872 35,607 7,851 65,406 28,637 11,977 134,532 694 10,688 25,227 9,819 33,198 121,845 10,225 5,510 26,155 26,983 4,762 32,971 4,384 1,586,393 Dollars ($ 000’s) $57,122 4,831 241,991 57,745 868,585 107,068 94,773 15,029 143,378 438,741 103,405 168,363 41 22,766 5,534 287,296 158,144 84,120 72,721 74,132 202,670 36,326 95,769 208,230 127,356 129,063 78,116 201,070 32,092 80,687 18,546 52,427 86,745 25,391 719,293 154,602 27,138 291,000 115,186 56,791 593,842 8,034 41,839 106,411 35,931 149,901 558,614 38,444 30,356 101,208 116,674 17,381 132,668 13,725 $7,689,258 102 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 25. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 Public 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 337 55 3,586 538 4,250 1,913 1,143 281 — 2,896 727 128 34 1,000 3,406 — 915 505 3,855 669 3,155 303 730 592 1,077 633 559 411 77 1,775 80 176 4,684 3,955 684 2,887 1,411 184 11,478 — 85 2,513 830 1,476 9,072 208 3 3,258 2,405 158 1,898 295 83,291 Dollars ($ 000’s) $1,523 428 29,978 2,483 28,039 11,678 7,370 2,139 — 19,824 5,597 834 175 4,864 21,197 — 4,296 2,244 18,045 3,350 24,113 1,359 3,288 2,270 5,134 2,816 3,390 1,536 544 13,031 325 887 26,934 23,403 2,956 17,889 7,285 932 67,599 — 411 14,688 3,175 8,262 49,260 1,402 38 20,483 15,943 659 10,348 1,616 $496,049 Borrowers 377 62 3,219 683 4,581 2,067 1,207 353 — 3,317 908 197 23 1,202 3,769 — 1,034 631 3,557 838 3,891 364 741 546 1,019 993 604 462 218 2,031 94 202 4,934 5,097 587 3,600 1,416 173 13,021 1 96 2,408 800 1,833 10,055 297 1 3,432 2,892 150 2,141 211 92,335 FY98 Dollars ($ 000’s) $1,829 422 27,584 3,405 31,710 13,009 8,057 3,006 — 22,513 7,434 1,510 133 6,475 25,017 — 5,291 3,162 18,136 4,741 32,662 1,767 3,748 2,384 5,444 5,167 3,741 1,875 1,573 15,855 446 977 29,168 30,720 2,713 26,859 7,771 986 81,444 5 490 14,037 3,336 11,218 57,887 2,136 4 22,224 19,036 684 12,134 1,180 $583,104 Borrowers 1,073 92 3,813 737 4,535 2,199 1,384 231 — 2,714 1,137 343 23 1,405 4,223 1 1,047 748 3,496 962 3,748 405 902 418 1,719 1,083 508 454 276 2,210 184 204 5,643 4,784 595 3,155 1,289 253 13,113 4 120 2,016 758 2,204 10,820 335 253 3,886 3,103 137 2,067 205 97,015 FY99 Dollars ($ 000’s) $5,414 684 34,141 4,063 32,752 14,522 9,839 2,121 — 18,820 10,417 2,520 119 8,194 29,947 12 5,763 3,970 19,622 5,563 31,225 2,212 4,471 1,951 9,895 5,441 3,246 2,130 2,092 17,849 1,253 1,058 35,321 28,882 2,960 22,366 7,803 1,617 84,141 32 671 12,215 3,267 14,926 66,427 2,267 1,644 26,913 21,096 701 12,156 1,008 $637,725 Borrowers 1,279 75 3,433 822 4,830 2,497 1,556 335 1 2,788 1,133 317 16 1,615 4,543 — 886 784 2,988 876 3,869 356 730 428 1,311 498 488 228 243 2,084 920 221 6,024 5,261 590 3,800 1,270 272 13,963 2 49 2,175 770 1,056 12,190 251 211 4,071 2,786 156 2,130 209 99,387 FY00 Dollars ($ 000’s) $6,354 540 32,911 5,234 37,720 17,072 11,463 3,171 3 21,739 10,435 2,438 69 10,332 34,096 — 4,879 4,135 17,253 5,113 33,366 1,962 3,989 1,969 7,543 2,359 3,067 858 1,996 17,380 6,437 1,317 38,725 33,891 3,403 28,196 7,785 1,804 94,486 8 271 14,224 3,441 6,622 78,399 1,684 1,253 29,641 19,615 739 14,424 1,132 $686,947 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 103 Table 25. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 1,067 24 670 970 9,367 452 3,010 175 2,776 4,181 2,336 490 226 4,615 3,876 1,919 906 956 905 960 1,728 7,413 1,553 3,508 281 2,793 256 1,634 33 1,685 1,124 95 17,843 3,660 153 7,161 1,366 1,247 13,502 6 3,859 1,754 307 3,000 5,230 378 2,081 3,318 1,442 418 1,532 130,241 Dollars ($ 000’s) $7,202 159 8,210 6,067 93,171 4,430 34,854 1,143 33,654 35,850 22,072 3,523 1,652 36,304 31,706 11,546 4,787 5,774 7,988 8,923 18,685 79,361 10,460 25,747 1,470 20,298 1,694 10,292 315 17,660 9,592 833 187,810 33,387 606 51,468 8,068 10,330 120,353 32 34,836 10,070 1,567 24,846 37,268 2,228 15,097 25,213 13,712 2,468 9,813 $1,144,596 Borrowers 1,181 33 383 1,022 9,462 443 3,164 205 3,026 3,611 3,108 513 217 4,711 4,155 1,857 1,039 991 1,108 949 1,792 6,511 1,982 3,031 331 2,897 232 1,795 33 1,728 1,170 122 18,279 3,939 140 7,205 1,774 1,232 14,574 4 4,058 1,776 316 3,133 5,255 419 2,150 3,267 1,479 353 1,393 133,548 FY98 Dollars ($ 000’s) $8,726 265 3,147 6,876 96,091 4,675 37,660 1,469 38,296 29,965 29,464 3,895 1,661 40,372 33,698 11,098 5,635 6,237 10,486 9,544 18,975 73,256 12,041 21,940 1,824 20,737 1,662 11,492 360 16,945 10,389 1,002 200,489 35,631 588 54,451 11,245 10,289 139,694 18 38,515 11,143 1,650 26,683 39,395 2,552 16,884 25,187 14,681 2,020 9,337 $1,210,334 Borrowers 1,226 23 260 1,155 9,988 427 3,182 271 2,477 3,307 2,847 585 253 5,147 4,178 1,765 992 958 1,110 952 1,917 6,505 2,004 2,572 335 2,746 193 1,669 37 1,820 1,221 121 18,662 4,013 132 6,503 1,883 1,355 14,363 27 4,287 1,611 325 3,076 5,200 383 1,934 3,278 1,436 222 1,576 132,509 FY99 Dollars ($ 000’s) $8,931 115 2,210 9,261 105,123 4,931 39,395 1,940 35,020 29,325 27,394 5,319 2,027 45,585 35,810 11,544 5,796 6,433 11,191 10,338 21,663 78,234 11,771 18,844 1,954 21,381 1,460 11,604 382 19,702 11,684 1,102 214,836 36,429 506 51,614 12,599 12,207 141,020 125 45,246 10,217 1,758 28,456 40,567 2,551 16,047 25,784 14,955 1,289 11,535 $1,265,208 Borrowers 1,222 31 215 1,071 10,161 545 3,115 320 2,161 3,319 3,372 738 286 4,843 4,503 1,606 955 1,035 1,221 859 2,576 6,663 1,957 2,551 292 1,877 179 695 25 1,838 1,468 106 20,166 4,552 128 7,159 2,018 1,278 15,036 48 4,435 1,744 340 1,899 5,533 179 759 3,561 1,398 218 1,677 133,933 FY00 Dollars ($ 000’s) $9,057 208 2,151 8,128 117,464 6,528 40,186 2,580 32,386 31,283 36,576 7,876 2,440 43,398 40,673 10,348 5,932 7,425 13,149 9,237 31,611 85,526 12,012 18,965 1,771 13,336 1,378 4,249 271 20,956 15,386 1,333 246,645 43,595 489 59,704 14,988 11,311 153,342 365 47,340 11,943 2,015 15,260 46,791 1,238 5,669 31,409 15,538 1,316 13,144 $1,355,921 104 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 25. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Public 2-year FY97 State Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 5 167 2 117 223 1 — 296 85 6 22 97 332 211 180 — 18 93 138 46 95 446 21 106 31 174 27 105 125 22 432 62 302 226 119 88 258 — 13 352 15 581 15 13 58 104 92 373 90 6,384 Dollars ($ 000’s) $26 837 7 514 1,095 8 — 1,380 347 32 90 308 1,399 682 636 — 47 329 498 161 355 1,702 49 445 136 747 123 577 462 227 1,481 259 1,045 938 370 398 952 — 31 1,729 54 2,139 58 33 205 579 505 1,605 250 $25,847 Borrowers 3 155 3 129 251 3 — 364 105 15 16 124 552 205 209 1 12 127 168 50 87 397 25 121 34 220 19 117 143 22 464 94 372 233 111 106 317 1 50 417 27 715 33 14 87 96 76 356 90 7,336 FY98 Dollars ($ 000’s) $22 753 12 596 1,363 7 — 1,674 440 68 65 499 2,520 706 684 3 34 504 661 237 361 1,612 57 493 162 876 62 628 541 222 1,669 403 1,442 885 365 505 1,246 8 203 2,029 78 2,865 130 27 301 523 481 1,519 281 $30,821 Borrowers 6 137 3 128 191 8 — 443 93 15 16 125 712 206 181 — 9 126 202 44 112 250 28 121 44 209 49 132 119 13 423 76 277 205 85 127 309 — 52 416 31 764 24 15 79 110 74 201 93 7,083 FY99 Dollars ($ 000’s) $29 657 8 625 1,070 27 — 2,152 429 64 56 454 3,375 749 676 — 34 575 807 197 451 1,059 65 441 202 805 186 686 494 137 1,581 289 1,077 843 301 590 1,381 — 197 2,077 113 3,253 116 60 253 661 447 843 298 $30,890 Borrowers 3 115 7 151 191 3 1 421 101 21 19 106 704 179 176 — 9 138 166 46 84 257 28 69 52 156 44 114 147 13 381 79 251 175 144 137 334 — 33 356 17 761 10 11 67 128 65 178 82 6,730 FY00 Dollars ($ 000’s) $16 628 31 849 1,125 12 6 2,076 461 122 77 437 3,530 650 625 — 25 624 634 149 339 1,010 79 232 212 627 207 558 541 101 1,438 333 957 651 565 695 1,521 — 127 1,628 42 3,481 46 34 245 787 401 748 298 $29,982 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 105 Table 25. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 2-year FY97 State Alabama Arizona Arkansas California Colorado Connecticut District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska New Hampshire New Jersey New York North Carolina Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 31 46 8 1,289 15 22 1 18 102 204 53 165 58 87 60 5 — 9 14 173 2 59 9 346 45 8 30 761 78 66 11 13 226 1 45 5 12 62 6 82 8 33 2 10 4,280 Dollars ($ 000’s) $140 123 26 5,159 123 141 5 57 480 679 227 1,010 392 296 344 20 — 88 73 1,116 15 200 25 1,863 234 33 116 5,693 442 443 33 49 964 4 189 25 40 346 27 1,549 25 182 12 57 $23,063 Borrowers 6 18 21 1,357 19 18 1 44 126 205 76 185 58 67 35 4 — 10 11 169 — 68 14 329 45 13 22 656 71 97 7 9 294 — 75 14 14 52 5 77 9 34 2 10 4,347 FY98 Dollars ($ 000’s) $28 42 82 6,095 157 122 5 111 676 661 323 1,124 480 290 202 12 — 71 64 1,248 — 238 41 1,884 257 48 113 6,163 357 652 24 60 1,482 — 331 57 46 249 20 1,672 24 221 7 42 $25,785 Borrowers 11 4 18 1,569 22 10 — 50 144 159 71 177 64 70 41 4 1 8 21 257 — 43 18 329 38 12 13 601 77 72 5 3 239 — 65 10 15 58 5 68 4 50 — — 4,426 FY99 Dollars ($ 000’s) $43 14 50 7,521 172 66 — 200 751 622 359 1,187 554 332 273 15 1 93 159 2,229 — 160 78 2,004 176 42 64 6,141 531 412 13 11 1,273 — 308 32 67 323 16 1,938 10 329 — — $28,569 Borrowers 13 49 15 1,913 25 21 — 60 153 167 29 209 74 52 44 9 — 2 20 212 1 46 9 121 16 12 9 549 88 88 6 — 294 4 66 9 33 52 — 56 3 70 — — 4,599 FY00 Dollars ($ 000’s) $70 192 45 9,653 192 141 — 240 951 698 129 1,513 698 239 271 56 — 13 157 2,280 5 236 24 486 71 49 52 5,818 604 544 16 — 1,904 16 403 44 130 307 — 1,234 8 430 — — $29,921 106 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 25. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Proprietary FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 189 10 4,189 62 7,351 1,137 609 1 231 3,435 601 92 37 2,365 2,378 152 61 435 159 140 494 706 525 881 1,296 25 192 89 260 2,322 202 2,696 503 42 1,186 354 489 5,419 — 134 174 57 1,335 3,447 398 163 1,334 1,500 81 372 919 51,229 Dollars ($ 000’s) $724 38 20,051 227 42,408 6,535 3,898 3 857 27,282 4,592 253 166 12,481 11,707 713 282 2,683 633 415 2,679 3,956 2,198 4,670 7,544 115 829 347 1,344 12,109 781 16,003 2,513 191 5,434 2,502 2,460 32,786 — 898 816 271 9,218 16,174 1,867 2,363 5,879 10,493 274 1,619 6,718 $290,999 Borrowers 222 8 4,661 59 8,185 1,532 524 4 187 3,801 641 79 35 2,506 2,406 133 62 863 120 100 515 707 504 781 1,589 22 216 112 122 2,566 201 2,649 582 71 1,238 645 521 6,031 — 189 141 116 1,201 3,858 503 183 1,343 1,629 82 346 1,172 55,963 FY98 Dollars ($ 000’s) $961 23 24,459 195 50,576 9,797 3,047 12 710 30,310 5,434 240 148 14,108 12,257 628 255 5,893 499 309 3,135 4,208 2,249 4,195 9,068 108 950 479 574 13,915 773 17,166 2,552 357 6,140 4,992 2,559 38,848 — 1,318 629 551 9,047 18,883 2,550 2,581 6,860 11,993 238 1,587 9,884 $338,252 Borrowers 239 4 4,801 61 9,699 1,705 404 1 195 4,411 843 83 44 2,866 2,328 103 74 958 141 73 482 846 497 1,001 1,652 17 259 117 41 3,168 220 3,026 612 69 1,318 905 598 6,737 — 162 164 143 1,265 4,482 474 159 1,125 1,727 86 297 1,250 61,932 FY99 Dollars ($ 000’s) $1,067 23 27,523 242 64,245 12,352 2,573 5 853 38,316 6,902 283 181 18,419 13,017 526 325 7,130 749 272 2,776 5,805 2,276 5,552 9,814 91 1,256 552 208 19,790 948 20,460 3,002 286 6,940 6,987 3,477 48,859 — 1,213 1,151 779 10,283 24,415 2,440 2,282 5,852 13,940 232 1,459 10,490 $408,616 Borrowers 278 7 7,005 52 11,709 2,047 416 — 108 5,531 1,100 129 41 2,827 2,087 197 55 937 494 72 437 1,103 569 1,287 1,551 6 252 205 124 3,357 219 3,912 669 95 1,426 930 644 7,338 1 248 149 160 1,159 4,810 571 171 1,170 1,627 134 282 1,389 71,087 FY00 Dollars ($ 000’s) $1,572 42 43,359 258 86,741 16,144 3,109 — 533 52,592 9,460 537 176 18,851 12,833 1,046 256 7,054 2,468 322 2,673 8,541 2,820 7,052 10,036 24 1,378 1,202 946 22,267 1,022 30,382 3,504 532 8,443 6,748 4,737 56,591 6 2,263 1,275 869 9,681 29,420 3,313 2,557 6,505 14,036 569 1,489 12,236 $510,470 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 107 Table 25. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Total FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Foreign Countries Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total — Not applicable. NOTES: States are only shown in this table if they have loan volume for the type of institution shown on that page. The loan volume information for foreign countries is not available by type of institution. Therefore data for this group is shown in the total columns only. Totals do not include Consolidation loan data. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY98 Borrowers 1,789 103 8,436 1,788 23,714 4,312 4,916 562 3,214 11,137 267 4,888 1,009 367 8,728 10,940 2,262 2,379 2,490 4,797 2,024 6,377 7,801 3,314 4,823 1,389 5,929 892 2,738 382 4,011 3,995 547 26,982 9,783 1,170 12,373 3,953 2,041 34,237 5 4,344 4,450 1,663 6,208 19,935 1,257 2,425 8,138 6,130 663 4,246 1,473 293,796 Dollars ($ 000’s) $11,567 710 55,985 10,570 185,068 29,000 48,894 4,487 39,010 84,573 3,038 43,448 6,374 2,330 62,578 73,972 12,723 12,067 15,307 29,155 15,169 55,498 80,716 18,398 30,370 7,366 37,349 5,672 15,449 2,474 34,051 25,405 2,974 254,657 69,664 5,099 88,987 24,397 14,398 262,714 23 40,331 26,343 7,623 47,072 119,279 7,388 21,168 54,596 46,454 3,430 24,619 11,344 $2,193,828 Borrowers 2,555 119 9,015 1,974 25,919 4,544 4,988 503 2,672 10,925 340 5,064 1,185 407 9,720 11,505 2,145 2,335 2,668 4,757 2,121 6,370 8,057 3,515 4,284 2,100 5,931 762 2,629 479 4,215 4,705 558 28,355 9,562 1,073 11,253 4,167 2,336 34,761 31 4,569 3,908 1,652 6,591 21,324 1,221 2,429 8,372 6,426 519 4,141 1,548 303,305 FY99 Dollars ($ 000’s) $15,484 822 64,544 13,623 210,266 33,047 51,900 4,066 35,872 88,813 4,124 45,892 8,808 2,743 73,839 82,704 13,161 12,833 17,549 31,597 16,842 56,630 88,676 18,969 27,567 11,992 39,081 4,999 15,970 3,211 38,487 33,286 3,245 278,339 69,133 4,829 82,174 27,703 17,903 276,674 157 47,129 24,088 7,913 53,845 134,984 7,390 21,971 58,813 50,980 2,670 25,993 11,796 $2,382,644 Borrowers 2,795 113 10,817 1,967 28,764 5,305 5,111 656 2,270 12,119 390 5,859 1,372 391 9,600 11,911 2,034 2,116 2,765 4,712 1,947 7,068 8,380 3,341 4,569 1,640 4,116 725 1,347 517 4,172 5,901 559 31,032 10,649 1,064 12,648 4,368 2,331 36,965 51 4,736 4,167 1,635 4,164 23,346 1,011 1,208 8,872 6,009 573 4,267 1,680 316,126 FY00 Dollars ($ 000’s) $17,069 790 79,240 13,697 252,427 41,062 54,911 5,756 32,922 107,930 4,408 57,883 11,670 2,892 74,532 91,829 12,283 11,964 18,669 32,895 15,309 68,443 98,458 19,164 29,232 9,417 26,448 4,680 7,183 3,676 39,889 44,683 3,772 323,008 81,928 5,381 97,538 30,103 18,547 307,844 379 49,890 27,973 7,997 31,735 158,397 6,282 10,746 67,808 50,406 3,026 29,804 13,666 $2,610,211 Borrowers 1,629 89 8,658 1,580 22,374 3,740 4,785 457 3,008 10,826 230 3,851 920 372 8,242 10,050 2,369 2,122 1,901 4,937 1,871 5,529 8,641 2,905 5,486 1,388 5,174 871 2,456 226 3,833 3,681 495 26,416 8,258 1,181 11,526 3,261 2,021 30,883 6 4,079 4,499 1,551 5,838 18,392 1,005 2,342 7,976 5,484 751 4,185 1,304 275,655 Dollars ($ 000’s) $9,616 625 59,199 8,810 169,291 23,862 46,271 3,286 34,516 84,393 2,633 33,087 5,320 2,310 54,968 66,402 13,237 10,345 10,721 26,712 13,106 46,049 85,952 16,316 34,589 6,678 32,966 5,335 13,639 1,329 32,644 22,604 2,728 237,922 60,004 4,797 76,172 18,259 14,168 222,656 32 36,149 25,793 6,767 42,419 105,188 5,582 19,080 51,804 40,909 3,917 23,442 8,583 $1,985,079 108 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 26. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and PLUS borrowers, by state and type of institution: FY 1997-FY 2000 Public 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 17,788 3,002 23,137 29,384 111,883 38,213 19,132 2,924 389 71,610 24,991 26 5,508 770 24,795 61,400 — 25,748 28,993 98,664 16,236 35,438 12,660 20,585 26,216 37,804 21,693 16,191 18,404 4,454 17,896 5,082 13,687 79,425 53,967 19,428 68,097 41,992 3,344 159,298 62 4,459 46,670 19,698 40,266 190,989 20,124 616 24,049 24,890 4,430 50,052 6,813 1,693,375 Dollars ($ 000’s) $76,501 13,109 129,486 128,643 549,281 160,211 90,925 11,575 4,233 359,023 107,125 149 26,766 2,413 97,469 250,770 — 117,676 129,060 435,348 62,158 195,502 52,322 91,015 85,522 160,729 84,499 65,359 73,684 24,979 78,268 46,319 53,575 369,348 226,326 71,836 313,772 182,774 12,152 611,400 222 16,295 212,823 74,985 184,293 910,727 85,704 8,762 103,304 118,489 17,585 199,560 28,458 $7,512,518 Borrowers 19,159 4,375 21,147 30,895 107,427 37,970 19,488 3,272 338 74,912 28,109 18 5,282 33 26,357 59,785 1 24,806 28,541 92,694 17,512 35,739 14,168 19,363 26,774 39,622 23,227 16,631 17,890 4,732 18,108 5,579 13,215 78,148 58,250 20,179 64,460 43,148 4,235 166,702 1,088 4,180 46,823 19,983 41,875 197,986 25,946 585 25,690 27,089 4,385 50,632 6,561 1,725,114 FY98 Dollars ($ 000’s) $83,168 20,318 119,866 134,163 531,229 159,599 89,849 14,164 3,485 370,243 121,185 72 25,679 157 107,183 250,900 2 114,303 126,858 395,340 69,182 206,956 57,822 86,224 87,062 174,416 93,056 64,813 72,382 24,352 81,397 44,312 51,601 358,390 249,243 75,930 312,393 192,367 17,042 659,261 5,807 15,060 216,117 78,335 194,482 951,154 126,320 9,619 112,277 127,687 17,722 201,841 26,829 $7,729,214 Borrowers 23,551 4,764 20,851 29,888 107,487 37,566 20,044 2,943 373 77,145 27,558 4 6,258 24 28,188 63,026 3 23,853 31,974 90,298 17,322 33,832 13,191 15,775 23,559 41,275 22,944 17,101 17,777 4,546 18,921 11,306 13,329 84,045 54,165 20,490 61,226 42,640 4,675 165,108 7,836 4,199 45,424 20,890 45,191 201,047 22,326 1,581 27,664 26,905 4,201 49,464 6,473 1,742,227 FY99 Dollars ($ 000’s) $100,706 20,965 120,035 131,385 529,691 160,760 91,381 12,324 3,809 365,463 123,926 16 31,748 125 116,654 275,047 14 110,090 142,668 394,770 68,302 193,436 52,051 75,144 72,887 189,615 90,198 69,425 72,493 22,943 85,778 71,934 53,081 391,575 239,303 77,991 297,076 194,206 18,562 672,834 28,607 15,195 214,383 82,537 212,694 991,567 97,602 14,257 125,677 131,386 18,282 207,835 26,429 $7,906,868 Borrowers 32,205 4,344 19,350 36,056 111,755 38,635 21,585 3,178 1,418 81,478 27,180 4 5,794 16 27,854 63,866 — 24,934 34,269 90,765 17,302 33,812 16,519 15,123 27,627 41,793 28,909 15,487 17,355 4,615 18,650 22,038 13,075 93,231 63,720 21,167 66,811 42,697 4,650 178,709 7,191 2,254 46,133 20,652 44,741 212,477 22,521 6,403 29,050 26,280 4,229 52,837 6,345 1,849,092 FY00 Dollars ($ 000’s) $138,343 19,231 116,404 174,121 556,258 170,546 98,556 14,521 8,236 400,193 125,076 12 28,865 69 117,714 290,693 — 117,300 160,585 415,231 66,422 201,272 67,830 84,319 98,876 190,084 133,323 61,131 70,839 24,645 84,136 120,014 50,832 446,508 298,441 83,323 345,639 201,348 20,414 775,212 26,290 7,525 225,006 82,150 210,599 1,073,625 94,108 33,963 133,885 128,166 19,738 229,084 26,179 $8,666,905 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 109 Table 26. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and PLUS borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 13,716 418 10,009 7,292 167,462 10,251 30,673 4,329 36,422 71,588 33,975 5,415 1,672 87,258 37,622 30,171 13,298 15,532 14,688 8,363 11,467 82,064 40,614 39,364 8,277 58,252 4,377 18,277 566 14,308 15,927 2,203 211,215 35,954 3,712 72,074 17,327 16,522 164,432 4,243 24,975 17,849 4,600 35,836 71,965 11,693 13,927 24,854 20,718 6,105 23,974 1,677,825 Dollars ($ 000’s) $71,327 2,199 69,243 31,698 1,215,515 52,925 188,992 26,472 296,308 506,616 248,010 25,914 7,300 553,062 167,229 176,872 58,172 64,227 97,145 49,084 59,751 533,824 195,086 206,507 40,804 372,557 19,690 103,730 2,912 76,752 72,271 12,225 1,410,892 196,101 14,514 374,765 88,032 99,989 919,553 26,517 120,068 77,965 18,187 189,949 406,303 54,035 72,647 127,979 118,612 22,587 115,008 $10,058,124 Borrowers 14,351 475 9,025 7,654 174,912 10,059 31,762 4,654 35,146 68,725 37,175 5,786 1,855 90,883 39,413 30,548 13,644 15,850 15,534 8,722 12,557 81,167 48,712 40,090 8,657 62,449 4,044 18,709 581 15,051 16,398 2,599 214,997 37,154 4,058 76,613 17,100 16,713 173,764 3,335 25,235 18,449 4,815 35,834 73,151 11,679 14,264 25,391 22,012 5,324 24,031 1,731,106 FY98 Dollars ($ 000’s) $74,815 2,538 61,617 34,018 1,280,979 55,461 198,327 28,466 290,591 488,072 236,671 26,876 8,471 600,634 177,944 179,826 62,372 66,212 99,379 53,611 63,662 534,432 220,007 212,649 42,485 397,532 18,074 105,432 3,138 79,204 74,724 15,829 1,452,307 201,701 15,646 401,058 87,386 101,761 1,022,053 23,116 123,065 79,215 19,029 194,881 418,511 54,723 75,727 131,969 130,931 19,755 115,211 $10,462,095 Borrowers 14,796 490 8,599 7,848 175,287 8,704 31,521 5,237 32,855 66,730 36,385 6,077 1,908 90,021 41,731 31,054 14,671 14,606 16,086 8,503 12,280 79,992 52,597 39,647 8,970 62,421 3,389 19,022 581 14,529 17,282 2,405 213,772 36,398 4,229 71,822 17,804 17,247 170,630 3,046 27,213 18,273 5,028 35,495 72,970 10,944 13,587 23,610 21,372 4,506 25,060 1,719,230 FY99 Dollars ($ 000’s) $76,090 2,631 69,269 36,726 1,315,825 51,941 199,744 29,753 276,859 516,694 252,995 31,642 8,635 590,047 189,793 180,297 67,797 65,030 104,995 54,366 65,777 537,265 231,100 208,137 45,030 405,978 15,196 109,599 3,115 82,049 80,527 14,601 1,472,464 200,126 16,278 376,390 92,339 109,568 1,023,708 27,490 143,422 79,114 19,680 205,661 417,313 52,143 72,279 125,582 133,895 17,733 124,261 $10,628,948 Borrowers 15,296 437 8,764 7,398 175,637 10,446 32,662 5,962 30,011 70,990 39,483 6,643 2,154 92,112 43,600 34,721 15,439 16,014 17,006 8,881 13,698 89,977 54,669 41,566 9,695 67,008 3,168 18,432 524 15,403 18,383 2,842 237,231 41,609 3,860 75,978 18,478 16,395 187,296 3,068 28,696 19,626 5,436 36,539 76,088 10,050 12,468 26,435 21,328 4,910 27,016 1,821,528 FY00 Dollars ($ 000’s) $79,846 2,338 74,026 33,817 1,355,986 68,728 205,285 38,363 259,792 588,119 276,249 37,830 10,434 624,219 202,258 209,446 73,297 74,130 112,231 60,828 79,115 615,881 250,637 221,943 48,939 432,544 14,137 108,465 2,962 90,083 92,528 19,713 1,703,304 229,101 15,276 403,167 98,184 105,503 1,164,485 29,223 149,079 91,145 22,102 207,046 439,836 48,458 63,880 145,315 136,075 17,002 136,472 $11,568,818 110 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 26. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and PLUS borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Public 2-year FY97 State Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 762 13,982 1,979 27,244 7,608 1,463 70 37,468 8,965 1,542 1,236 10,234 8,927 9,110 10,541 637 9,742 2,648 7,190 6,464 11,468 34,621 10,861 8,045 2,760 6,272 1,726 4,461 9,021 3,914 37,351 7,694 5,203 28,534 15,254 5,845 21,996 613 3,401 4,755 8,842 40,729 2,407 2,025 7,389 14,940 1,399 21,336 4,152 494,826 Dollars ($ 000’s) $2,069 40,124 4,893 79,819 20,154 3,187 128 110,621 26,845 4,690 3,328 24,017 21,371 23,986 26,044 1,332 29,013 7,522 17,042 13,789 27,026 92,073 24,524 22,267 8,171 15,451 4,928 15,490 20,295 12,150 89,979 20,749 13,739 78,017 39,795 15,165 50,643 1,014 6,539 14,579 21,667 111,989 5,977 4,941 17,809 41,755 3,734 55,381 10,466 $1,306,286 Borrowers 1,011 12,297 2,269 28,584 6,572 1,308 104 39,544 10,341 1,523 1,150 9,618 11,537 8,771 10,121 483 8,974 2,917 7,428 6,351 10,097 34,720 10,859 8,894 1,932 6,251 1,867 3,946 10,074 4,415 37,444 9,286 5,734 30,509 14,400 7,137 22,986 521 4,933 5,212 8,625 40,641 2,882 2,071 7,849 14,698 1,223 21,465 4,019 505,593 FY98 Dollars ($ 000’s) $2,653 35,039 5,089 83,527 17,450 2,925 196 118,056 29,918 4,560 3,041 22,667 28,559 23,405 25,473 1,041 25,806 8,457 17,856 13,363 22,979 92,587 23,726 24,288 5,478 15,499 5,528 12,618 23,206 13,876 89,449 24,604 15,512 82,789 35,779 19,141 54,197 802 11,522 15,833 21,223 111,096 7,606 5,225 19,220 42,694 3,198 56,691 10,156 $1,335,604 Borrowers 889 11,408 2,446 26,159 6,844 1,015 160 41,926 9,369 1,537 1,270 8,636 12,143 9,487 10,284 530 9,274 2,953 7,151 5,186 9,642 26,608 10,449 8,904 2,061 6,475 2,188 3,799 9,037 4,796 34,646 8,869 5,800 27,453 13,184 8,249 22,051 397 4,667 5,373 8,194 38,702 2,522 1,960 6,395 14,179 1,284 19,592 3,756 479,899 FY99 Dollars ($ 000’s) $2,379 33,010 5,979 76,435 18,889 2,154 285 128,184 26,139 4,552 3,451 20,198 29,335 25,072 25,803 1,199 27,057 8,528 18,128 11,447 22,114 66,798 23,675 23,881 5,981 15,435 6,937 11,970 21,327 15,377 82,281 23,535 15,526 71,306 32,109 22,327 53,219 644 10,606 16,383 20,544 107,048 6,086 4,961 15,122 41,431 3,453 51,187 9,470 $1,268,957 Borrowers 771 12,691 3,156 23,869 6,632 860 244 45,147 9,251 1,601 1,406 8,566 15,414 10,444 10,623 535 10,123 3,108 7,556 5,088 9,796 29,000 11,909 9,128 2,135 6,572 2,563 3,857 10,457 4,953 33,666 6,637 5,794 28,202 14,897 9,712 24,415 379 4,835 5,309 8,442 38,140 2,772 1,809 6,094 14,361 1,161 23,172 3,776 501,028 FY00 Dollars ($ 000’s) $1,827 38,587 8,230 70,785 18,603 1,944 461 138,666 24,554 4,940 3,865 19,710 38,058 27,904 26,822 1,167 29,573 8,896 19,185 12,019 23,117 76,005 27,105 24,539 6,346 15,503 8,419 12,382 25,845 15,813 81,395 16,548 15,136 76,049 39,288 26,758 64,177 666 11,660 15,962 21,258 104,131 6,629 4,274 14,943 42,485 3,069 61,698 9,460 $1,346,458 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 111 Table 26. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and PLUS borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 2-year FY97 State Alabama Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New York North Carolina Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island SouthCarolina South Dakota Tennessee Texas Utah Vermont Virginia Washington WestVirginia Wisconsin Total Borrowers 113 1,995 628 16,819 232 536 11 56 908 1,743 1,667 2,235 1,564 522 1,264 2,349 201 98 138 118 3,343 78 1,178 572 2,189 29 457 1 421 1,136 8,781 770 1,903 227 265 5,961 186 91 554 371 744 1,062 261 180 579 183 75 105 64,899 Dollars ($ 000’s) $352 4,506 1,531 53,563 827 1,994 44 211 2,811 4,690 5,050 5,639 5,286 1,692 3,579 7,329 549 335 474 407 11,617 230 3,600 1,421 8,501 107 1,811 1 1,058 3,701 30,607 2,678 5,802 542 861 24,463 373 316 1,445 1,156 2,382 3,601 681 1,831 1,796 619 199 401 $212,669 Borrowers 62 618 211 17,449 274 365 14 3 1,321 1,727 1,868 2,411 1,886 475 1,199 2,185 212 118 151 62 2,468 13 1,592 651 1,836 18 410 — 295 932 6,911 699 1,609 193 192 5,403 169 73 523 414 444 889 253 214 530 245 87 121 59,795 FY98 Dollars ($ 000’s) $200 1,646 554 58,367 1,010 1,393 45 11 3,599 4,732 5,721 6,123 6,156 1,609 3,243 6,922 572 379 503 189 8,715 21 4,785 1,707 6,935 60 1,599 — 691 3,367 26,497 2,460 5,129 469 781 18,193 352 293 1,518 1,308 1,226 2,844 716 2,054 1,771 933 204 318 $197,923 Borrowers 69 151 198 17,726 277 356 14 — 2,016 1,735 1,966 2,457 1,679 538 1,130 2,484 192 132 138 93 3,160 5 1,596 472 1,794 16 340 — 187 791 6,328 670 1,335 224 36 4,888 112 60 395 380 408 965 253 209 521 316 40 21 58,873 FY99 Dollars ($ 000’s) $168 299 483 60,508 932 1,276 50 — 6,327 5,062 6,298 6,499 5,553 1,830 2,811 7,989 516 384 589 360 12,413 11 4,737 1,228 6,736 65 1,315 — 387 2,779 24,642 2,435 4,372 595 86 16,423 238 211 1,177 1,185 1,300 3,292 653 2,331 1,783 1,243 103 60 $199,736 Borrowers 70 1,689 179 19,209 394 534 9 — 2,282 1,764 2,245 2,362 1,886 668 1,159 2,716 266 123 158 135 2,921 6 1,716 498 1,511 26 230 — 171 679 6,333 621 1,290 334 — 5,255 215 67 423 451 522 802 240 188 537 573 44 47 63,548 FY00 Dollars ($ 000’s) $225 4,998 508 66,168 1,290 1,951 29 — 6,661 5,217 7,427 6,167 6,233 2,470 3,040 8,763 753 350 511 521 11,972 25 5,268 1,347 4,884 104 872 — 438 2,388 25,443 2,316 4,165 892 — 19,205 437 221 1,399 1,384 1,544 2,729 632 1,609 1,954 2,031 135 207 $216,884 112 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 26. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and PLUS borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Proprietary FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico RhodeIsland South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington WestVirginia Wisconsin Wyoming Total — Not applicable. Totals may not equal the sum of the individual column items since borrowers can, and do, change institutions over the course of the fiscal year. NOTES: States are only shown in this table if they have loan volume for the type of institution shown on that page. The loan volume information for foreign countries is not available by type of institution. Therefore data for this group is shown in the total columns only. Totals do not include Consolidation loan data. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY98 Borrowers 2,365 271 84,161 1,150 100,318 21,725 5,756 214 11,044 56,122 11,608 1,065 980 21,604 17,695 3,442 1,985 7,068 5,120 2,258 7,250 8,719 8,114 9,765 85 17,503 793 1,913 3,680 1,905 28,484 3,128 40,590 4,224 825 19,466 8,317 6,939 54,567 1,821 3,375 3,789 2,177 12,296 44,188 6,341 1,117 18,571 15,301 2,159 2,863 2,821 699,037 Dollars ($ 000’s) $7,609 452 386,816 3,359 385,530 81,315 17,177 371 40,622 221,431 43,417 3,034 3,107 95,648 58,002 10,954 5,859 24,464 14,313 6,582 22,124 28,174 22,662 32,145 150 65,939 2,796 6,301 11,264 5,159 98,648 11,400 129,056 11,250 2,703 58,914 30,613 22,094 188,805 3,411 10,223 9,864 7,767 41,427 144,773 19,073 5,971 59,084 56,042 5,565 9,749 13,914 $2,547,120 Borrowers 2,216 283 102,664 1,037 112,079 24,412 3,587 79 12,066 65,459 15,273 1,389 1,177 25,671 17,481 2,586 1,905 8,486 6,507 1,914 7,131 10,247 8,188 12,983 1 18,720 804 2,356 4,206 614 33,917 3,592 43,147 5,995 690 20,630 9,239 8,179 58,738 1,854 3,006 4,267 2,633 13,186 52,248 6,757 1,001 20,465 15,277 2,441 2,527 3,339 784,649 FY99 Dollars ($ 000’s) $7,588 516 507,723 3,164 436,430 95,822 12,188 146 48,422 270,405 62,265 3,856 3,750 129,912 60,053 7,836 5,928 30,257 19,827 5,665 20,343 35,446 23,145 47,993 2 70,013 2,767 7,807 13,183 1,877 119,729 13,048 146,699 17,428 2,349 65,041 37,579 27,504 214,079 4,892 9,179 12,517 9,081 45,361 176,550 21,779 5,398 66,689 58,355 6,451 10,059 15,836 $3,019,930 Borrowers 2,353 391 135,050 970 130,156 26,750 3,829 6,530 78,852 20,013 1,791 1,309 28,636 19,232 4,230 2,171 10,815 8,373 1,696 8,381 11,323 9,633 15,240 20,113 210 2,732 5,876 1,800 33,118 3,327 54,508 7,474 960 21,925 9,584 9,050 62,934 1,204 3,569 2,187 3,367 13,955 61,522 7,598 1,085 28,397 14,894 3,642 2,625 3,760 909,140 FY00 Dollars ($ 000’s) $9,124 952 681,632 3,133 519,826 108,282 13,267 29,775 346,476 86,106 6,019 4,429 150,440 67,277 14,387 6,620 39,052 25,793 5,073 25,926 41,135 27,481 60,612 80,300 560 9,919 19,651 6,182 117,940 12,821 207,172 23,025 3,556 71,462 37,839 32,946 232,937 1,704 11,912 7,705 12,573 49,863 212,263 26,566 5,937 97,682 58,190 10,191 11,743 18,278 $3,653,735 Borrowers 2,436 310 76,403 814 96,997 18,321 7,371 209 10,114 50,614 9,561 946 996 19,285 18,083 2,916 2,360 5,851 5,997 2,775 7,036 10,176 8,184 8,974 245 15,457 990 1,969 3,885 4,199 24,753 3,679 42,238 3,065 506 20,179 6,781 6,919 50,342 3,219 3,534 3,335 1,634 12,044 43,093 5,555 1,027 17,194 14,524 2,026 4,131 2,453 665,705 Dollars ($ 000’s) $7,127 561 350,173 2,490 357,647 65,347 22,036 375 36,058 192,743 33,404 2,435 2,830 84,231 60,056 9,353 6,813 18,606 16,400 7,757 20,146 30,947 22,646 29,769 457 58,673 3,472 6,198 11,466 12,262 85,630 11,853 130,273 8,671 1,645 60,721 21,921 21,968 172,760 6,165 10,223 8,853 5,409 40,195 139,767 16,741 5,355 54,122 52,628 5,193 13,250 10,474 $2,356,294 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 113 Figure 18. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS), borrowers, by state: FY 1997-FY 2000 FY00 WA MT ND MN ME OR SD ID WY NE NV UT CO IA PA IL KS MO KY OK AZ NM AR MS TX LA TN AL GA SC IN OH WV VA NC FFEL dollars (in 000,000’s) FY00 $2,000-$2,600 $1,500-$1,999 AK FL $1,000-$1,499 $500-$999 HI 0-$499 NJ DE MD DC RI CT WI MI NY VT NH MA CA SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY99 WA MT ND MN ME OR SD ID WY NE NV UT CO IA PA IL KS MO KY OK AZ NM AR MS TX LA TN AL GA SC IN OH WV VA NC FFEL dollars (in 000,000’s) FY99 $2,000-$2,500 $1,500-$1,999 AK FL $1,000-$1,499 $500-$999 HI 0-$499 NJ DE MD DC RI CT WI MI NY VT NH MA CA SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 114 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 18. Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS), borrowers, by state: FY 1997-FY 2000 (continued) FY98 WA MT ND MN ME OR SD ID WY NE NV UT CO IA PA IL KS MO KY OK AZ NM AR MS TX LA TN AL GA SC IN OH WV VA NC FFEL dollars (in 000,000’s) FY98 NJ DE MD DC RI CT WI MI NY VT NH MA CA Loan Volume Commitments $2,000-$2,400 $1,500-$1,999 AK FL $1,000-$1,499 $500-$999 HI 0-$499 SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY97 WA MT ND MN ME OR SD ID WY NE NV UT CO IA PA IL KS MO KY OK AZ NM AR MS TX LA TN AL GA SC IN OH WV VA NC FFEL dollars (in 000,000’s) FY97 $2,000-$2,300 $1,500-$1,999 AK FL $1,000-$1,499 $500-$999 HI 0-$499 NJ DE MD DC RI CT WI MI NY VT NH MA CA SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 115 Tables 27-31. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 These tables show FDLP loan volume summaries for Stafford Subsidized, Stafford Unsubsidized, and PLUS loan commitments for borrowers for the 50 states, the District of Columbia, and five U.S. territories. Given the length of this set of tables, table 27 is placed at the beginning of the series to present the combined totals of the three FDLP loan types by state. Tables 28, 29, and 30 provide data for Stafford Subsidized, Stafford Unsubsidized, and PLUS loans respectively for public and private 4-year, public and private 2-year, and proprietary institutions. Finally, table 31 presents the combined totals for the three FDLP loan types by type of institution. (See also figure 19, which follows table 31). I From FY 1997 to FY 1999, total FDLP dollar volume was approximately $11.0 billion annually. The total number of borrowers also held steady during this time at approximately about 2.4 million. In FY 2000 annual volume increased to $11.8 billion, and the number of borrowers rose to 2.5 million (see table 27). From FY 1997 to FY 2000, the majority of FDLP loan dollars were committed to borrowers at public 4year institutions. Approximately 1.6 million borrowers at public 4-year institutions received between $7 billion and $7.6 billion in FDLP loans annually. In contrast, roughly 500,000 borrowers at private 4-year institutions received about $2.6 billion each year between FY 1997 and FY 2000. Together, borrowers at public and private 2-year and proprietary institutions received between $1.0 billion and $1.2 billion during this time (see table 31). In general, between FY 1997 and FY 2000, the largest volume of FDLP Stafford Subsidized and Stafford Unsubsidized dollars was committed to borrowers at schools in California, followed by borrowers at schools in New York and Michigan. In the PLUS program, the highest dollar volume was also committed to borrowers at schools in California, but the second highest volume went to borrowers at schools in New York (FY 1997 and FY 1999) and Ohio (FY 1998 and FY 2000) (see table E). I I Table E. FDLP program dollar commitments ranked by state, by loan program: FY 1997-FY 2000 (subset of tables 27-31) FFEL program total FY97 California New York Michigan Ohio Illinois Massachusetts Virginia — indicates a rank below 5. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Stafford Subsidized FY00 1 2 3 4 5 — — FY97 1 2 3 5 4 — — FY98 1 2 3 4 5 — — FY99 1 2 3 4 5 — — FY00 1 2 3 4 5 — — 1 2 3 5 4 — — Stafford Unsubsidized FY97 FY98 1 2 3 4 5 — — FY99 1 2 3 4 5 — — FY00 1 3 2 4 5 — — FY97 1 2 4 3 — 5 — 1 3 4 2 — 5 — PLUS FY98 FY99 1 2 4 3 — — 5 FY00 1 3 — 2 4 5 — FY98 1 2 3 4 5 — — FY99 1 2 3 4 5 — — 1 2 3 4 5 — — I In FY 1997-FY 2000, among public 4-year and private 4-year institutions, borrowers from California and New York had the highest total FDLP dollar volume commitments, respectively (see table F). 116 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Tables 27-31. (continued) I Among private 2-year institutions, borrowers attending school in California, in FY 1997-FY 1998, and Arizona, in FY 1999-FY 2000, had the highest FDLP dollar volume commitments. Among proprietary institutions, borrowers attending school in California had the highest FDLP dollar volume commitments in FY 1997-FY 2000 (see table F). There is some variation in the states with the largest commitments made to borrowers at each postsecondary institution type by loan program type, particularly within the PLUS program. For example: I I Although borrowers in California received the largest share of Stafford Subsidized commitments to public 4-year institutions between FY 1997 and FY 2000, borrowers in Michigan had the largest portion of Stafford Unsubsidized commitments for these institutions during this time. Borrowers in California also received the largest share of PLUS commitments to public 4-year institutions in FY 1997 and FY 1998. However, borrowers in Ohio received the largest share of PLUS commitments to these institutions in FY 1999 and FY 2000 (see table F). Borrowers in Iowa received the largest share of PLUS commitments to borrowers at public 2-year institutions between FY 1997 and FY 2000. However, borrowers in New York received the largest share of Stafford Subsidized and Unsubsidized dollars going to these institutions (see table F). Borrowers in Pennsylvania received the largest portion of PLUS dollars going to private 2-year institutions all four years (see table F). I Loan Volume Commitments I Table F. States that had borrowers who received the largest commitments of FDLP program funds, by loan program and type of institution: FY 1997-FY 2000 (subset of tables 27-31) FFEL program total Type of institution Public 4-year Private 4-year Public 2-year Private 2-year Proprietary FY97 CA NY NY CA CA FY98 CA NY NY CA CA FY99 CA NY NY AZ CA FY00 CA NY NY AZ CA FY97 CA NY NY CA CA Stafford Subsidized FY98 CA NY NY CA CA FY99 CA NY NY AZ CA FY00 CA NY NY AZ CA MI NY NY CA CA Stafford Unsubsidized FY97 FY98 MI NY NY CA CA FY99 MI NY NY AZ CA FY00 MI NY NY AZ CA FY97 CA NY IA PA CA CA MA IA PA CA PLUS FY98 FY99 OH NY IA PA CA FY00 OH NY IA PA CA SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 117 Table 27. Federal Direct Loan Program (FDLP) total loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state: FY 1997-FY 2000 Total FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming Total — Not applicable. NOTES: Totals do not include Consolidation loan data. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY98 Borrowers 64,610 833 56,523 7,297 226,371 44,734 13,503 10,643 16,304 70,932 110,201 416 330 28,377 129,468 51,353 82,620 29,385 39,740 9,453 5,695 44,923 99,351 164,505 43,474 5,206 54,677 8,687 16,817 8,592 1,963 80,456 14,867 192,406 46,050 85 153,468 13,982 50,498 35,746 29,894 15,123 22,467 2,293 28,285 37,509 2,183 14,350 329 102,442 52,831 38,677 39,376 21 2,420,325 Dollars ($ 000’s) $310,806 3,088 248,399 27,051 1,061,136 246,858 52,570 52,232 118,830 317,027 525,620 1,790 715 113,874 611,965 232,776 325,103 116,849 145,764 44,477 22,505 220,607 547,443 727,820 200,124 18,276 253,491 33,398 61,180 38,686 9,421 350,634 74,731 910,182 192,638 244 684,565 61,613 263,598 138,650 102,474 82,306 91,571 7,665 121,350 156,640 6,866 71,622 1,084 519,857 264,636 161,177 171,220 47 $11,125,252 Borrowers 70,585 1,004 59,388 7,114 216,321 43,810 15,645 11,630 14,461 74,478 96,293 738 367 26,657 127,401 50,682 78,674 31,273 31,528 10,090 4,948 47,128 99,625 160,939 32,534 6,437 53,794 8,237 17,030 8,685 5,735 72,968 13,905 188,820 48,461 — 144,951 12,509 50,804 35,253 24,359 13,539 24,450 1,945 28,543 38,546 3,249 11,498 402 97,384 50,028 42,184 44,062 26 2,361,118 FY99 Dollars ($ 000’s) $325,100 3,924 264,139 26,992 1,000,578 244,520 59,489 53,267 91,774 343,941 447,584 3,036 893 106,793 594,313 233,487 307,649 128,092 113,261 51,371 18,947 220,977 522,725 729,910 116,800 27,242 252,177 31,092 63,523 39,678 24,224 322,175 70,420 886,583 194,035 — 635,707 53,587 267,955 131,151 87,450 70,510 95,183 6,745 118,103 157,719 10,543 54,102 1,073 480,548 243,799 177,347 191,004 117 $10,703,352 Borrowers 69,354 989 55,747 7,481 219,532 48,109 15,293 13,714 23,162 80,664 94,907 1,119 342 27,651 143,556 53,450 83,499 32,754 30,184 9,618 5,138 56,414 100,669 170,956 62,695 5,442 53,301 8,044 17,908 9,300 7,117 84,932 13,785 191,616 49,318 2 158,034 13,611 56,941 32,983 28,221 15,433 29,310 1,017 24,821 38,833 2,328 8,241 404 103,760 54,109 43,722 46,759 — 2,506,292 FY00 Dollars ($ 000’s) $336,496 3,707 249,580 27,386 1,035,021 241,249 54,957 54,877 192,898 380,194 466,641 4,486 837 110,732 672,818 249,102 345,752 135,469 113,843 45,693 19,715 270,757 576,720 792,225 323,803 21,645 238,962 32,884 70,269 44,362 26,916 389,512 68,203 944,141 210,757 7 724,189 61,068 297,409 128,359 108,592 88,073 127,340 3,620 103,896 159,018 8,191 39,506 1,069 552,529 282,719 191,888 203,354 — $11,833,438 Borrowers 66,765 687 52,718 6,434 211,374 46,904 11,662 10,145 13,115 63,911 97,423 316 192 28,349 129,704 51,288 82,338 28,114 42,012 10,402 3,686 41,955 109,078 160,580 40,299 6,077 53,247 8,893 16,523 7,718 2,001 79,759 13,335 190,163 47,004 1,197 140,367 13,543 48,980 32,815 29,177 16,263 22,299 1,558 41,764 37,179 1,866 13,403 431 102,269 52,062 37,189 40,121 27 2,366,683 Dollars ($ 000’s) $314,228 2,365 240,922 22,527 1,004,523 258,166 42,564 47,204 99,624 284,856 455,752 1,344 378 115,756 620,001 237,369 322,109 111,104 154,446 49,833 13,058 199,663 588,997 718,653 180,275 20,915 244,374 34,117 60,376 33,580 10,356 347,927 63,366 913,125 200,099 4,463 637,381 59,233 248,532 122,490 106,937 94,239 85,524 5,181 216,620 155,514 6,403 66,051 1,651 516,325 251,104 154,441 171,628 70 $10,917,748 118 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 28. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 Public 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Jersey New Mexico New York North Carolina Ohio Oklahoma Oregon Puerto Rico Rhode Island South Carolina Tennessee Texas Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Total Borrowers 31,570 — 22,565 2,934 94,165 17,061 3,011 4,232 532 20,519 37,007 253 15,685 45,826 23,243 27,607 15,172 15,803 740 1,399 16,049 25,170 72,279 19,484 4,183 26,259 5,135 8,472 3,971 33,183 7,297 50,277 18,284 61,657 7,099 22,511 6,853 5,360 6,243 21,811 9,380 6,416 357 45,062 23,427 19,726 15,253 920,524 Dollars ($ 000’s) $154,707 — 113,958 11,036 463,391 84,938 11,833 18,972 2,016 110,140 170,710 1,108 66,682 212,732 103,776 119,224 64,094 63,528 2,543 3,560 68,667 106,818 329,239 86,568 15,382 122,125 19,919 33,571 16,591 147,691 35,365 221,244 79,186 277,399 32,032 110,640 24,416 26,776 26,494 120,681 43,843 26,639 1,430 227,420 117,568 79,895 57,713 $4,234,264 Borrowers 29,630 70 21,053 2,963 98,559 15,996 3,253 4,273 627 20,450 41,707 320 15,513 43,988 23,059 27,135 15,263 15,144 627 2,655 17,336 20,001 72,853 20,410 3,706 25,779 4,977 8,053 4,205 33,707 7,975 50,631 16,666 66,385 7,056 22,482 7,618 4,956 5,712 14,087 8,827 6,785 277 43,398 21,683 19,717 14,653 912,221 FY98 Dollars ($ 000’s) $146,098 254 106,248 11,437 473,477 80,796 12,642 19,951 2,491 106,831 200,689 1,345 64,829 200,658 101,105 114,481 64,447 61,261 2,183 9,181 77,038 78,195 324,662 92,475 13,828 119,780 19,235 30,963 18,412 148,521 39,774 222,348 69,448 285,749 31,386 111,010 25,316 23,412 23,545 64,896 40,862 28,296 904 214,245 106,794 80,313 54,804 $4,126,616 Borrowers 31,157 78 20,130 3,011 93,618 15,325 3,429 4,947 689 19,432 34,938 531 14,012 41,749 21,497 25,344 15,227 11,427 270 2,204 17,691 20,026 73,252 12,681 4,642 23,670 4,655 7,463 4,101 30,255 7,641 46,353 17,895 57,946 5,693 22,401 — 4,467 5,700 13,373 8,023 5,373 278 39,559 19,744 20,820 15,412 848,131 FY99 Dollars ($ 000’s) $147,771 238 101,509 12,355 434,038 75,935 13,911 20,426 2,690 101,750 157,545 2,139 57,429 190,417 93,558 107,163 65,184 43,718 924 7,101 71,667 70,786 323,623 45,880 21,925 109,716 17,832 28,750 18,096 127,282 38,116 202,072 70,490 243,468 24,988 110,947 — 21,121 23,194 57,453 37,109 20,547 736 186,354 93,792 83,981 56,132 $3,741,856 Borrowers 29,407 98 20,245 2,973 92,084 13,271 3,313 4,372 3 20,874 34,158 754 14,689 41,374 21,932 27,411 15,331 9,730 148 2,251 21,791 18,702 73,361 26,051 3,342 21,752 4,601 7,426 4,145 34,575 7,888 44,541 18,635 62,520 5,964 23,457 — 5,523 6,167 10,694 8,514 3,134 280 44,051 19,309 20,776 16,207 867,823 FY00 Dollars ($ 000’s) $141,786 491 99,140 11,741 417,215 58,147 11,661 15,685 4 109,592 159,112 2,965 60,679 188,329 95,119 119,445 65,310 40,480 509 7,749 92,787 70,967 324,747 140,176 15,924 95,152 18,692 29,250 19,463 152,224 38,936 195,994 76,565 262,383 26,708 114,621 — 27,544 25,840 46,609 40,065 12,032 773 214,963 93,934 86,424 60,435 $3,888,370 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 119 Table 28. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 4-year FY97 State Alabama Arkansas California Colorado Connecticut District of Columbia Florida Georgia Illinois Indiana Iowa Kansas Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri New Hampshire New Jersey New York North Carolina Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 4,211 958 9,758 3,521 954 6,850 5,794 10,464 18,830 4,893 6,991 576 3,907 976 5,492 37,819 15,305 1,006 253 1,926 377 6,981 49,913 8,533 10,292 157 2,869 7,985 19,734 5,263 3,902 2,157 3,463 — 850 8,040 1,656 2,080 7,883 282,623 Dollars ($ 000’s) $17,598 3,599 58,041 26,316 4,149 47,539 24,443 52,283 103,741 21,624 31,087 2,100 20,180 4,299 33,156 216,114 60,227 4,665 1,202 8,186 1,922 36,300 279,042 34,317 48,624 432 16,754 33,437 71,912 29,441 14,814 9,111 18,048 — 3,451 37,704 10,269 10,056 36,122 $1,432,303 Borrowers 3,797 990 9,738 3,476 1,016 8,156 8,905 10,313 19,098 4,922 7,251 573 3,211 1,027 5,816 37,330 14,788 1,014 236 2,104 404 5,807 48,285 8,572 11,358 219 2,850 8,810 19,448 4,539 3,729 1,782 3,386 — 822 8,624 3,322 2,605 7,166 285,486 FY98 Dollars ($ 000’s) $16,189 4,821 56,009 25,647 6,511 54,143 35,359 50,109 100,026 21,367 33,419 2,050 16,993 4,602 33,692 207,374 54,582 3,859 1,137 8,902 1,936 30,925 262,276 34,506 52,350 735 17,797 38,008 65,975 23,084 15,551 6,486 16,926 — 3,240 39,746 22,146 11,167 35,363 $1,415,007 Borrowers 4,149 753 8,983 3,718 876 6,729 11,626 9,923 19,336 4,473 6,721 615 4,009 915 5,805 36,762 9,252 554 45 1,802 396 6,414 48,939 8,143 10,926 172 3,241 8,269 21,864 3,950 3,800 2,109 2,821 — 658 9,070 3,526 2,816 8,313 282,470 FY99 Dollars ($ 000’s) $16,759 2,832 51,767 26,296 4,462 40,998 48,715 45,825 94,668 19,708 27,374 2,246 21,027 4,010 32,106 193,650 40,511 1,441 140 7,414 1,824 34,055 250,917 31,750 49,450 597 19,023 32,767 76,693 19,863 13,653 7,954 12,660 — 2,231 41,167 19,248 11,069 39,687 $1,346,558 Borrowers 4,278 662 11,348 4,547 633 11,922 12,430 10,308 22,054 4,077 6,255 781 2,982 872 6,841 36,666 10,732 1,548 91 1,836 552 7,026 49,049 6,804 12,492 201 3,471 8,231 24,756 4,001 5,759 2,029 2,593 1 942 9,020 4,685 3,070 7,598 303,143 FY00 Dollars ($ 000’s) $18,145 2,287 69,408 31,022 3,074 81,645 54,586 52,596 112,064 18,258 26,332 2,906 15,776 3,644 38,152 204,239 52,107 7,902 367 8,276 2,532 38,905 269,325 27,047 60,201 789 20,516 33,451 93,716 21,048 27,959 7,715 10,361 9 4,347 41,602 30,780 12,935 34,941 $1,540,964 120 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 28. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Public 2-year FY97 State Alabama Arizona Arkansas California Colorado Delaware Florida Idaho Illinois Iowa Kansas Kentucky Louisiana Maryland Massachusetts Michigan Minnesota Missouri Nebraska New Jersey New Mexico New York North Carolina Ohio Oregon Pennsylvania South Carolina Tennessee Texas Virginia Washington Total Borrowers 957 2,834 525 12,086 2,096 379 3,248 1,055 2,994 11,888 1,347 6,257 757 848 1,689 3,866 — 330 1 452 367 15,474 83 3,811 2,252 958 3,395 657 2,069 1,001 1,983 85,660 Dollars ($ 000’s) $2,790 8,879 1,097 33,832 5,375 684 9,160 3,168 6,795 31,141 3,160 17,685 2,071 1,995 2,882 10,376 — 800 2 771 941 37,181 190 9,282 5,991 2,019 8,647 2,218 4,293 2,422 5,465 $221,313 Borrowers 1,228 3,693 496 11,385 2,924 451 3,174 1,081 2,707 11,899 1,242 5,000 859 817 1,651 4,478 — 248 1 376 313 16,033 111 4,574 2,708 677 3,112 381 1,300 878 1,856 85,652 FY98 Dollars ($ 000’s) $3,708 10,905 1,015 31,317 7,532 774 8,998 3,189 6,084 31,718 2,836 12,660 2,258 1,902 2,867 11,936 — 601 1 842 759 39,325 294 11,204 7,143 1,301 8,008 975 2,565 2,069 5,285 $220,072 Borrowers 1,405 3,689 238 8,893 2,266 360 2,952 890 2,468 11,117 1,277 3,866 709 691 1,009 4,894 1,903 257 — 162 227 15,754 140 3,875 2,905 521 3,504 386 1,606 623 1,646 80,232 FY99 Dollars ($ 000’s) $4,053 10,281 507 24,397 5,684 634 8,385 2,545 5,540 30,311 2,829 9,118 1,809 1,514 1,652 13,097 4,777 644 — 276 567 37,462 377 9,159 8,076 998 8,653 917 3,538 1,329 4,488 $203,617 Borrowers 1,158 3,234 316 8,401 3,505 863 3,403 1,048 3,059 11,051 1,409 4,356 1,229 254 928 4,450 2,584 390 — 332 348 15,298 191 3,183 3,756 449 3,176 435 1,355 374 1,818 82,352 FY00 Dollars ($ 000’s) $3,078 7,816 614 23,978 9,125 1,463 10,224 3,111 6,697 29,815 3,168 11,016 3,690 587 1,535 11,231 6,898 1,022 — 687 982 36,751 547 7,672 10,476 815 7,498 1,160 2,879 750 4,775 $210,059 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 121 Table 28. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 2-year FY97 State Arizona California Florida Illinois Iowa Massachusetts Michigan Mississippi Nevada NewYork Ohio Pennsylvania PuertoRico Tennessee Washington Total Borrowers 241 1,104 — 61 9 54 — 49 1 240 244 888 143 3 123 3,160 Dollars ($ 000’s) $587 3,323 — 100 22 114 — 78 4 355 732 2,541 483 7 374 $8,720 Borrowers 1,133 1,259 144 5 — — — — — 134 176 1,039 21 22 203 4,138 FY98 Dollars ($ 000’s) $2,932 3,763 350 5 — — — — — 235 557 2,999 57 56 642 $11,595 Borrowers 1,563 874 219 — — — — — — 29 212 859 — 16 260 4,032 FY99 Dollars ($ 000’s) $4,242 2,539 706 — — — — — — 85 619 2,187 — 45 828 $11,251 Borrowers 1,041 366 476 — — — 7 — — 42 221 847 — 52 239 3,290 FY00 Dollars ($ 000’s) $2,995 824 1,232 — — — 14 — — 107 670 2,216 — 115 565 $8,738 NOTE: States are only shown in this table if they have loan volume for the type of institution shown on this page. 122 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 28. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Proprietary FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 1,786 443 4,192 — 15,233 1,873 2,744 487 21 6,630 6,700 123 573 9,834 843 1,150 528 3,191 837 49 2,128 2,119 180 2,594 92 1,849 831 146 677 6,091 202 2,475 688 601 6,310 136 607 7,920 961 6 257 828 1,875 7,749 936 4,154 2,603 430 702 12 113,392 Dollars ($ 000’s) $5,292 1,421 13,207 — 48,361 5,760 6,529 1,153 51 18,549 22,837 220 1,927 37,116 2,128 3,244 1,315 9,764 1,956 127 5,363 5,023 343 7,645 171 5,773 2,119 424 2,426 14,179 466 6,085 1,658 1,916 20,374 300 1,495 21,610 2,000 16 523 2,668 5,555 23,898 3,038 10,226 6,540 1,110 2,097 25 $336,021 Borrowers 1,984 465 5,422 — 18,022 1,406 3,419 394 288 7,244 7,777 214 554 9,982 1,079 1,280 679 3,296 807 62 2,021 1,267 213 2,823 7 2,181 1,158 317 654 6,258 102 3,670 751 45 6,630 263 644 8,781 977 118 180 1,278 1,240 8,683 1,089 4,081 2,618 417 1,035 11 123,887 FY98 Dollars ($ 000’s) $5,963 1,594 17,097 — 56,577 4,134 8,271 946 746 19,612 26,336 402 1,978 36,272 2,831 3,567 1,835 10,116 1,988 152 5,354 3,044 317 8,302 18 7,079 3,457 995 2,216 14,724 227 8,631 1,824 119 21,671 662 1,649 26,337 1,684 259 322 4,401 3,332 26,152 3,202 10,024 6,706 1,077 3,022 22 $367,247 Borrowers 2,741 509 6,704 214 18,201 1,330 4,269 408 444 6,743 6,870 232 548 9,472 1,214 1,335 853 2,674 802 130 2,173 1,578 254 2,809 100 2,511 1,406 376 2,628 4,457 98 3,689 626 — 6,998 480 566 8,817 821 256 104 1,074 1,240 9,616 1,625 3,507 2,290 370 1,240 11 127,413 FY99 Dollars ($ 000’s) $9,013 1,847 21,884 563 57,634 3,895 10,566 972 1,154 17,698 24,024 484 2,125 32,867 3,330 3,910 2,283 8,667 1,984 329 5,657 3,920 410 7,763 116 8,214 4,398 986 8,959 10,769 247 9,113 1,629 — 23,244 1,475 1,621 25,379 1,298 505 155 3,937 3,495 30,004 4,805 8,772 5,941 990 3,615 34 $382,678 Borrowers 3,436 468 5,487 400 18,144 2,231 4,195 944 503 6,719 5,152 220 556 11,565 1,376 1,600 820 2,380 1,016 235 2,403 857 274 3,060 321 2,769 1,384 613 3,260 4,966 44 3,509 682 1 7,834 588 722 7,392 858 107 117 557 1,204 9,271 1,142 2,375 2,277 327 1,409 — 127,772 FY00 Dollars ($ 000’s) $10,776 1,374 18,542 1,187 56,511 5,939 10,371 2,269 1,321 17,372 18,308 451 2,013 41,905 3,880 4,770 2,215 7,448 2,393 577 6,133 2,049 459 8,703 325 9,176 4,649 1,660 8,742 12,116 117 9,411 1,740 3 27,496 1,832 2,076 21,085 1,137 180 221 2,131 3,446 29,724 3,602 5,932 5,984 853 3,917 — $384,519 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 123 Table 28. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Total FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming Total — Not applicable. NOTES: States are only shown in this table if they have loan volume for the type of institution shown on that page. Totals do not include Consolidation loan data. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY98 Borrowers 36,639 535 31,300 4,449 138,963 23,801 7,688 5,117 9,071 39,917 59,798 320 214 17,148 75,780 29,060 47,566 17,756 23,439 5,504 3,744 25,990 60,248 92,333 24,248 3,950 30,312 4,977 9,212 4,522 1,057 46,149 8,389 118,752 26,099 45 89,123 7,538 28,684 19,307 28,065 9,613 12,733 1,278 17,512 22,196 1,089 7,608 277 56,980 29,683 22,739 22,854 11 1,411,383 Dollars ($ 000’s) $171,957 1,848 137,182 17,273 621,143 118,109 27,424 21,671 57,380 171,149 277,134 1,345 402 69,996 343,044 125,303 183,185 71,169 84,037 23,422 13,935 117,986 291,479 391,497 104,636 14,983 136,362 19,235 34,421 19,407 4,152 195,012 40,760 532,815 106,073 119 371,532 32,783 137,599 68,644 93,032 46,755 47,425 4,401 75,744 86,506 3,202 31,535 904 266,085 141,573 92,557 93,189 22 $6,140,537 Borrowers 39,451 587 32,087 4,217 130,569 22,639 8,574 5,716 7,862 40,972 51,732 531 232 15,451 73,025 27,183 44,517 17,972 17,968 5,790 3,249 26,360 59,375 87,651 17,947 4,787 28,240 4,655 8,870 4,477 3,023 41,288 7,966 114,764 26,805 — 79,956 6,345 29,113 18,465 22,684 8,673 13,108 1,074 17,123 22,066 1,625 6,031 278 52,758 27,466 24,006 24,965 11 1,342,278 FY99 Dollars ($ 000’s) $177,596 2,086 137,915 16,256 570,377 111,810 28,939 22,032 44,843 177,254 227,394 2,139 484 62,099 323,492 116,595 168,758 72,542 61,503 25,744 11,440 110,944 270,008 377,642 59,861 22,180 125,987 17,832 33,148 19,082 10,784 172,382 38,930 499,649 104,246 — 325,940 27,060 139,667 61,331 77,991 41,489 45,654 3,937 69,863 83,311 4,805 22,779 736 237,622 124,297 96,039 99,434 34 $5,685,959 Borrowers 38,280 565 30,007 4,352 130,343 23,554 8,141 6,178 12,428 43,902 49,618 754 220 16,292 78,052 27,385 46,318 18,340 16,466 5,375 3,358 31,290 57,153 88,825 33,242 3,754 26,747 4,601 8,810 4,758 3,812 46,899 8,280 112,439 26,312 1 86,250 6,754 31,406 16,920 25,615 9,630 15,219 557 14,413 21,733 1,143 4,076 280 55,819 28,328 24,172 25,215 — 1,384,380 FY00 Dollars ($ 000’s) $173,786 1,865 128,493 15,829 567,937 104,233 25,106 19,416 82,970 193,006 230,016 2,965 451 65,804 348,994 117,258 180,363 73,600 58,944 22,368 11,969 137,659 278,790 388,558 163,680 16,616 113,625 18,692 33,900 21,123 11,274 203,932 40,035 511,587 105,899 3 358,423 29,328 147,689 57,566 94,853 48,772 61,518 2,131 59,044 83,029 3,611 16,379 773 263,246 136,039 100,212 99,292 — $6,032,650 Borrowers 38,524 443 29,832 4,418 132,346 24,551 6,710 5,098 7,403 36,191 54,171 253 123 17,314 77,546 28,980 47,646 17,624 25,250 6,242 2,424 24,516 66,851 91,631 23,085 4,576 30,364 5,135 9,303 4,118 1,054 46,707 7,865 118,379 27,588 601 82,314 7,391 28,239 17,752 27,691 10,629 13,797 828 26,502 22,660 936 7,266 357 58,256 29,791 22,236 23,838 12 1,405,360 Dollars ($ 000’s) $180,387 1,421 136,632 15,732 606,948 122,389 22,510 20,809 49,607 162,293 245,831 1,108 220 71,777 360,484 127,527 184,718 70,669 90,977 26,751 7,986 109,180 330,951 400,186 98,878 16,834 136,885 19,919 35,692 17,019 4,348 198,940 36,772 543,907 115,351 1,916 356,410 32,765 134,880 59,607 98,811 56,234 50,478 2,668 137,572 90,081 3,038 30,089 1,430 277,772 140,216 91,061 95,932 25 $6,232,620 124 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 29. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 Public 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Jersey New Mexico New York North Carolina Ohio Oklahoma Oregon Puerto Rico Rhode Island South Carolina Tennessee Texas Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Total Borrowers 19,664 — 16,595 1,404 41,713 12,873 1,738 2,934 266 14,310 24,777 63 9,907 24,609 14,539 17,079 7,710 10,351 272 621 9,778 15,763 48,273 11,841 1,029 17,392 3,074 5,720 3,017 19,165 5,280 25,038 10,732 36,293 4,481 14,485 267 2,207 3,735 12,534 4,568 2,966 73 26,323 13,911 11,429 9,784 540,582 Dollars ($ 000’s) $89,986 — 81,287 5,124 190,888 66,064 6,373 12,798 1,055 67,216 107,026 236 39,368 107,403 60,400 65,831 28,811 38,308 931 1,488 40,581 59,920 217,150 54,412 2,796 82,481 10,244 19,419 13,056 81,444 26,016 102,450 45,893 157,819 17,208 74,600 1,319 9,203 15,475 69,787 20,327 11,511 220 141,011 66,572 43,435 35,556 $2,390,494 Borrowers 19,488 36 15,964 2,151 45,923 11,854 1,644 3,329 328 14,494 29,700 97 10,123 25,228 14,877 17,383 8,580 10,362 253 1,198 10,511 13,036 50,662 12,692 962 18,029 3,069 5,761 3,194 20,406 6,286 26,043 10,643 39,280 4,709 15,291 310 2,201 3,656 8,489 4,297 3,453 43 26,380 13,369 11,721 9,816 557,319 FY98 Dollars ($ 000’s) $93,544 128 77,702 7,620 210,188 61,881 6,428 14,963 1,402 72,224 132,981 445 39,362 109,824 61,240 66,098 32,092 39,468 820 3,870 46,051 48,337 228,048 60,585 2,459 87,422 10,376 19,743 14,427 89,906 33,435 108,074 45,439 167,490 19,110 80,643 1,274 9,037 14,788 38,360 19,062 13,284 131 142,078 63,776 44,505 35,711 $2,475,832 Borrowers 22,082 52 16,044 1,976 47,058 12,114 1,907 3,636 373 14,431 26,451 207 10,201 26,374 15,652 17,956 9,879 8,459 185 915 11,820 14,639 54,833 9,492 1,278 18,420 3,112 5,833 3,293 19,135 5,706 25,647 12,468 39,387 4,240 15,104 — 2,053 3,857 8,567 4,451 2,848 119 26,074 13,339 13,392 11,168 566,228 FY99 Dollars ($ 000’s) $104,249 139 83,527 7,682 213,454 64,155 7,619 15,159 1,733 74,796 114,711 897 40,394 117,434 65,680 69,024 40,252 32,020 521 2,958 49,674 50,412 253,261 35,172 4,151 92,647 10,476 20,380 15,802 82,013 30,913 108,785 49,549 164,516 16,840 82,987 — 8,257 15,519 38,076 20,454 10,596 317 133,668 65,879 53,321 41,448 $2,511,514 Borrowers 21,648 58 16,712 1,968 49,477 11,759 2,216 4,198 — 16,171 28,298 365 10,221 29,222 17,235 20,340 10,695 7,921 125 946 15,473 16,097 62,016 20,252 1,131 17,997 2,967 6,285 3,279 23,250 5,147 27,072 13,322 41,886 4,526 16,891 — 2,457 4,671 7,486 4,896 2,038 107 30,487 14,155 14,400 12,975 620,843 FY00 Dollars ($ 000’s) $113,803 299 84,307 7,723 216,438 51,384 8,291 15,504 — 88,463 127,610 1,520 39,905 121,852 73,193 88,590 44,484 31,772 331 3,228 69,746 62,224 292,870 110,397 3,817 83,375 11,139 23,283 16,640 105,233 26,682 123,259 55,738 183,546 18,647 92,587 — 10,798 19,457 34,329 21,460 7,444 246 176,865 70,611 60,582 50,659 $2,850,332 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 125 Table 29. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 4-year FY97 State Alabama Arkansas California Colorado Connecticut District of Columbia Florida Georgia Illinois Indiana Iowa Kansas Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri New Hampshire New Jersey New York North Carolina Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina Tennessee Texas Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 1,494 239 6,452 2,773 169 4,671 3,542 6,585 11,332 1,974 2,910 374 2,219 422 2,832 16,609 7,503 523 93 1,117 213 2,975 23,523 4,370 4,766 78 1,738 4,964 1,212 1,865 1,654 994 2,302 370 4,733 1,657 984 4,196 136,425 Dollars ($ 000’s) $6,077 689 51,714 23,668 740 39,849 15,714 37,653 70,895 9,261 10,362 1,282 13,914 1,555 21,402 124,226 27,916 1,719 252 4,344 1,198 19,713 148,817 15,124 26,891 215 13,767 20,924 6,770 11,941 6,038 3,726 13,295 1,176 25,040 12,498 4,933 25,762 $821,060 Borrowers 1,652 314 6,627 2,714 236 5,741 5,151 6,792 11,727 2,072 3,186 379 2,015 444 3,139 17,346 7,378 815 124 1,228 268 3,015 23,687 4,786 5,376 132 1,878 5,337 1,493 1,577 1,999 967 2,218 394 5,506 2,585 1,165 4,107 145,573 FY98 Dollars ($ 000’s) $7,812 1,066 50,760 23,218 1,166 47,604 21,253 37,726 72,012 9,217 12,219 1,286 12,240 1,607 23,507 131,678 29,068 2,911 377 4,743 1,420 17,522 147,356 16,591 29,135 411 17,096 23,563 8,122 8,451 8,155 3,510 12,411 967 29,319 20,926 5,265 26,476 $868,165 Borrowers 1,754 236 6,423 2,889 247 5,232 7,634 6,215 11,993 2,065 3,062 361 2,619 405 3,304 17,704 4,672 394 21 1,082 253 3,567 24,148 4,632 5,924 100 1,932 5,429 1,664 1,306 2,384 1,364 2,144 439 5,877 2,435 1,354 4,961 148,225 FY99 Dollars ($ 000’s) $7,370 751 48,830 24,774 1,306 38,101 35,005 36,863 71,108 9,333 10,964 1,211 16,830 1,360 23,132 139,237 21,647 996 69 4,178 1,331 25,975 151,869 15,951 31,122 351 16,701 22,825 9,443 6,694 8,521 5,192 11,656 1,341 31,658 16,564 5,841 31,223 $887,323 Borrowers 2,264 195 7,688 3,651 216 8,402 8,705 6,902 15,108 2,153 3,058 473 2,194 430 4,055 19,431 5,547 1,067 32 1,340 332 4,148 26,416 4,383 7,095 121 2,254 5,652 2,597 1,480 3,911 1,349 1,817 703 5,995 3,330 1,476 5,085 171,057 FY00 Dollars ($ 000’s) $10,167 682 65,026 31,215 1,100 87,417 40,784 44,477 89,814 10,414 10,978 1,726 14,031 1,690 28,680 158,649 28,812 4,433 112 5,818 1,701 27,878 170,261 16,280 39,151 482 19,324 24,222 13,720 7,875 16,846 5,155 8,937 2,699 33,173 28,010 7,044 31,625 $1,090,409 126 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 29. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Public 2-year FY97 State Alabama Arizona Arkansas California Colorado Delaware Florida Idaho Illinois Iowa Kansas Kentucky Louisiana Maryland Massachusetts Michigan Minnesota Missouri Nebraska New Jersey New Mexico New York North Carolina Ohio Oregon Pennsylvania South Carolina Tennessee Texas Virginia Washington Total Borrowers 478 1,553 254 4,172 557 367 1,867 299 1,343 6,815 676 2,719 252 441 704 2,153 — 194 2 287 124 8,603 36 1,926 1,347 802 1,685 249 480 742 1,287 42,414 Dollars ($ 000’s) $1,341 5,755 578 11,821 1,367 787 5,583 1,068 3,150 20,253 1,507 8,014 1,038 1,140 1,282 5,922 — 540 3 594 425 21,338 108 4,831 4,255 1,894 4,992 1,036 891 1,897 3,726 $117,138 Borrowers 597 2,214 226 4,018 932 386 1,918 302 1,070 6,523 691 2,356 398 452 738 2,469 — 136 — 264 129 8,579 53 2,550 964 583 1,866 134 356 724 1,227 42,854 FY98 Dollars ($ 000’s) $1,644 8,414 511 11,259 2,179 865 5,891 1,104 2,432 19,251 1,573 6,091 1,540 1,232 1,365 6,893 — 346 — 722 404 21,013 178 6,484 3,162 1,396 5,699 283 646 1,989 3,487 $118,053 Borrowers 819 2,377 135 3,051 779 376 1,810 238 919 5,724 799 1,932 348 385 705 2,994 760 162 — 117 112 9,106 66 2,481 1,010 378 2,261 108 422 551 1,064 41,990 FY99 Dollars ($ 000’s) $2,170 8,737 254 8,415 1,970 909 5,636 818 2,108 17,449 1,901 5,066 1,333 944 1,394 8,230 2,261 446 — 259 304 22,738 250 5,951 3,444 821 6,641 243 917 1,355 3,231 $116,196 Borrowers 485 1,985 103 1,396 1,478 796 2,232 309 1,367 6,073 886 2,578 713 77 739 3,205 1,398 274 — 305 167 10,040 126 2,504 1,388 316 1,959 165 429 365 1,271 45,129 FY00 Dollars ($ 000’s) $1,196 6,212 208 4,079 3,923 2,040 7,202 1,043 2,938 18,364 2,163 7,130 3,149 212 1,507 8,887 4,036 794 — 701 512 25,496 511 6,364 4,626 660 5,242 475 873 860 3,671 $125,074 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 127 Table 29. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 2-year FY97 State Arizona California Florida Illinois Iowa Massachusetts Michigan Mississippi Nevada New York Ohio Pennsylvania Puerto Rico Tennessee Washington Total Borrowers 236 1,012 — 48 6 38 — 5 2 200 122 559 1 1 1 2,231 Dollars ($ 000’s) $408 3,796 — 114 19 110 — 17 5 301 415 1,883 11 5 4 $7,088 Borrowers 1,067 1,116 117 5 — — — — — 105 106 695 — 8 7 3,227 FY98 Dollars ($ 000’s) $1,766 4,043 278 11 — — — — — 206 430 2,457 — 15 17 $9,223 Borrowers 1,455 711 194 — — — — — — 20 143 554 — 13 30 3,119 FY99 Dollars ($ 000’s) $2,983 2,641 583 — — — — — — 77 466 1,663 — 45 91 $8,548 Borrowers 1,044 288 381 — — — 5 — — 28 109 598 — 20 81 2,553 FY00 Dollars ($ 000’s) $4,068 684 788 — — — 17 — — 101 386 1,920 — 52 215 $8,232 NOTE: States are only shown in this table if they have loan volume for the type of institution shown on this page. 128 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 29. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Proprietary FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 1,144 244 3,488 — 12,325 1,523 2,310 456 10 5,124 4,706 69 466 6,719 430 733 474 2,286 574 34 1,476 1,728 80 1,696 86 1,249 561 91 488 5,229 63 1,616 534 469 3,389 53 539 5,646 1 6 83 567 1,089 5,543 789 3,499 2,659 227 363 12 82,946 Dollars ($ 000’s) $3,306 944 11,479 — 46,081 5,670 7,500 855 15 17,111 17,839 159 1,750 26,841 899 2,355 1,307 7,891 1,106 112 4,799 5,591 146 5,655 259 4,066 1,321 253 2,027 14,962 146 4,735 1,391 1,901 9,919 148 1,555 18,527 5 25 157 1,648 2,556 21,361 2,734 10,558 9,947 393 1,235 30 $281,271 Borrowers 1,671 261 4,281 — 14,741 1,216 3,034 358 233 5,283 5,848 115 439 6,968 693 836 594 2,357 627 40 1,426 934 129 1,894 7 1,543 855 253 451 5,486 61 2,487 626 29 3,612 88 589 6,533 20 97 56 825 891 6,206 974 3,571 2,684 217 654 9 92,799 FY98 Dollars ($ 000’s) $5,044 1,108 14,801 — 55,393 3,855 10,140 693 358 17,179 22,812 312 1,646 27,564 1,661 2,794 1,792 8,217 1,164 87 4,458 2,945 235 6,608 27 5,259 2,328 635 1,834 15,797 123 6,536 1,684 92 11,428 204 1,783 22,145 27 312 107 2,452 2,144 23,054 3,147 11,032 10,267 438 2,151 21 $315,893 Borrowers 2,236 362 5,243 163 14,351 1,161 3,743 402 393 4,852 5,101 135 444 6,663 964 912 694 2,015 469 94 1,595 1,154 142 1,967 88 1,999 1,064 343 1,826 3,853 106 2,441 495 — 4,335 320 479 6,777 8 220 36 759 935 7,133 1,426 3,299 2,385 146 867 12 96,611 FY99 Dollars ($ 000’s) $8,129 1,684 19,288 303 54,284 3,356 12,501 865 599 15,287 20,320 409 1,765 24,378 2,807 3,051 2,086 7,196 1,015 216 5,040 3,866 234 6,560 142 6,849 3,604 836 6,570 10,725 267 6,644 1,286 — 14,372 912 1,498 22,085 5 594 57 2,252 2,510 27,346 4,756 10,542 9,315 328 2,961 72 $331,771 Borrowers 2,666 366 4,364 306 14,128 1,905 3,794 943 388 4,398 3,771 121 492 8,005 1,225 1,177 633 1,897 704 185 1,776 642 206 2,107 289 2,347 1,178 554 2,270 4,351 — 2,313 438 1 4,824 425 663 5,766 1 92 38 406 879 7,172 1,019 2,041 2,336 181 1,005 — 96,789 FY00 Dollars ($ 000’s) $9,556 1,543 17,011 621 54,596 5,045 13,063 2,203 774 13,424 14,127 382 2,018 29,539 3,690 4,138 2,195 6,701 1,658 656 5,717 2,015 381 7,636 413 8,402 4,488 1,632 7,108 12,674 — 6,578 1,294 4 16,886 1,403 1,989 18,487 0 211 81 1,238 2,512 26,699 3,655 6,317 9,361 387 3,531 — $334,040 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 129 Table 29. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Total FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming Total —Not applicable. NOTES: States are only shown in this table if they have loan volume for the type of institution shown on that page. Totals do not include Consolidation loan data. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY98 Borrowers 23,409 297 23,526 2,691 72,425 16,715 4,914 4,073 6,301 26,964 42,340 97 115 10,864 44,999 17,642 27,929 10,243 15,075 3,293 1,681 15,528 32,054 60,637 15,402 1,093 20,937 3,069 6,616 3,447 718 29,171 6,476 60,901 16,108 29 50,924 4,929 18,723 13,148 1,824 3,875 7,577 825 10,489 13,076 974 3,847 43 36,180 19,872 13,103 14,578 9 841,772 Dollars ($ 000’s) $108,043 1,236 102,683 9,197 331,643 91,133 17,733 16,521 49,365 116,824 193,519 445 312 42,112 211,842 72,119 100,363 36,743 53,775 15,766 5,564 75,249 184,325 264,244 70,104 2,864 97,769 10,376 22,071 15,062 3,255 123,947 33,963 283,184 63,892 92 214,966 19,725 102,684 49,561 9,424 17,799 28,749 2,452 44,310 55,174 3,147 14,251 131 184,419 98,474 50,207 64,337 21 $3,787,167 Borrowers 26,891 414 25,119 2,510 71,594 16,943 5,897 4,415 5,998 28,922 37,768 207 135 10,883 45,950 18,681 27,655 11,733 12,407 3,620 1,414 17,105 34,202 62,641 12,613 1,387 21,662 3,112 6,897 3,636 2,079 26,672 5,925 61,362 17,660 — 52,270 4,660 18,524 13,138 1,672 3,578 8,539 759 10,986 14,151 1,426 3,287 119 35,801 19,253 14,892 16,996 12 856,174 FY99 Dollars ($ 000’s) $121,917 1,823 114,535 8,990 327,625 94,255 21,425 16,932 40,433 131,307 171,894 897 409 42,977 215,028 77,820 100,488 45,450 44,283 19,700 4,535 78,791 194,909 283,372 44,989 4,363 104,120 10,476 23,983 16,638 7,902 118,972 31,485 290,113 67,036 — 216,426 18,103 104,630 47,395 9,448 15,545 30,738 2,252 46,066 60,372 4,756 11,937 317 177,223 95,080 59,490 75,632 72 $3,855,351 Borrowers 27,063 424 24,105 2,572 72,977 18,792 6,226 5,937 8,790 31,888 38,971 365 121 11,022 53,703 20,613 30,648 12,688 12,396 3,737 1,561 21,381 36,910 70,979 24,824 1,453 21,958 2,967 7,463 3,833 2,602 32,054 5,314 65,869 18,269 1 56,418 5,071 21,196 12,332 2,599 4,029 10,579 406 9,899 14,313 1,019 2,741 107 38,889 21,174 16,057 19,066 — 936,373 FY00 Dollars ($ 000’s) $134,722 1,842 111,599 9,233 340,823 91,567 22,454 19,747 88,191 150,661 186,213 1,520 382 42,966 244,143 87,297 122,070 50,568 45,603 19,171 5,573 104,355 224,395 330,968 126,503 4,342 98,390 11,139 27,771 18,272 8,809 146,485 27,194 325,694 73,824 4 246,333 20,532 118,525 45,289 13,720 18,884 41,626 1,238 42,523 57,970 3,655 10,143 246 217,216 111,868 68,012 85,816 — $4,408,087 Borrowers 22,779 244 21,872 1,898 65,673 17,725 4,218 3,757 4,946 24,843 36,068 63 69 10,673 44,052 16,943 27,543 9,234 15,356 3,317 1,078 14,526 34,841 58,009 14,059 1,213 19,952 3,074 6,282 3,111 701 27,656 5,467 58,981 15,672 469 46,496 4,612 18,109 11,971 1,481 4,078 7,156 567 14,867 12,892 789 3,335 73 35,296 19,515 12,641 14,343 12 804,598 Dollars ($ 000’s) $100,709 944 98,930 6,391 304,300 96,769 14,612 14,440 40,918 105,624 162,518 236 159 42,186 208,402 70,560 98,820 32,908 54,213 16,989 3,155 67,922 191,129 251,135 61,787 3,324 91,430 10,244 20,742 13,314 3,225 116,713 26,587 277,640 62,517 1,901 199,876 17,571 94,176 43,228 8,105 21,169 26,662 1,648 77,111 55,874 2,734 12,687 220 178,505 92,748 48,762 62,553 30 $3,617,052 130 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 30. Federal Direct Loan Program (FDLP) loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 Public 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Idaho Illinois Indiana Iowa Kansas Kentucky Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Jersey New Mexico New York North Carolina Ohio Oklahoma Oregon Rhode Island South Carolina Tennessee Texas Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Total Borrowers 4,750 — 686 97 10,347 4,192 339 1,284 2 1,362 4,765 251 4,574 4,368 5,372 1,136 876 21 2,141 2,338 9,272 2,595 249 2,462 684 836 492 3,591 — 5,935 1,823 9,345 1,492 2,271 652 1,245 275 284 2,635 1 6,758 2,742 1,907 655 107,102 Dollars ($ 000’s) $29,603 — 4,139 333 71,175 35,586 1,688 11,926 12 8,128 24,750 1,278 27,309 30,946 30,366 7,124 5,250 70 14,277 14,230 58,100 15,987 633 13,597 3,954 3,553 3,252 19,478 — 33,034 9,934 66,119 8,665 17,268 5,409 8,107 1,402 1,160 21,040 1 44,740 18,075 11,889 2,670 $686,256 Borrowers 3,915 1 653 134 11,314 3,874 336 1,450 3 1,488 5,240 235 5,064 3,774 5,382 1,244 945 31 2,671 1,836 10,188 3,274 128 2,823 641 766 613 3,567 — 5,904 2,108 10,628 1,442 2,687 808 2,030 201 906 2,730 8 6,709 3,043 2,313 711 113,816 FY98 Dollars ($ 000’s) $26,821 4 3,911 499 79,322 34,785 1,752 14,029 15 9,870 28,061 1,198 32,165 27,415 32,342 8,332 6,294 128 19,214 11,694 64,066 21,708 278 15,980 3,787 3,634 4,178 21,194 — 34,439 11,244 78,846 8,653 20,491 7,119 15,018 833 6,304 23,362 49 46,076 22,249 14,873 3,239 $765,471 Borrowers 3,395 3 558 357 10,370 3,960 481 1,491 3 1,549 3,974 203 4,079 3,918 4,894 1,396 895 20 2,737 1,685 9,542 1,488 261 3,303 470 1,010 557 3,281 — 5,609 2,556 10,102 1,469 2,741 643 2,123 239 728 2,030 5 6,041 3,083 2,681 615 106,543 FY99 Dollars ($ 000’s) $21,289 15 3,538 1,617 71,440 36,162 2,705 14,270 13 10,495 21,060 990 24,830 30,557 30,093 9,370 5,707 67 20,227 10,637 61,235 8,949 696 19,017 2,784 4,921 3,906 17,963 — 31,898 13,884 75,666 8,262 20,586 5,234 16,204 1,030 4,612 17,419 20 40,165 22,324 17,884 2,799 $712,538 Borrowers 2,916 — 542 473 11,914 5,114 191 1,588 — 1,750 3,641 232 5,294 4,557 4,886 1,496 1,001 24 3,401 1,850 9,927 4,155 216 3,818 476 1,378 657 4,364 190 5,419 3,203 12,190 1,713 3,811 1,041 2,472 189 963 1,127 17 6,265 4,275 2,766 837 122,342 FY00 Dollars ($ 000’s) $22,056 — 3,499 2,035 88,510 40,312 1,036 15,679 — 12,286 19,223 1,301 31,584 36,516 34,007 10,240 7,021 140 26,410 12,050 64,217 30,365 633 22,646 3,053 7,071 4,775 25,874 970 31,566 19,190 97,021 10,632 27,408 10,028 19,871 791 6,726 7,700 51 45,084 31,640 18,532 4,054 $853,803 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 131 Table 30. Federal Direct Loan Program (FDLP) loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 4-year FY97 State Alabama Arkansas California Colorado Connecticut District of Columbia Florida Georgia Illinois Indiana Iowa Kansas Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri NewHampshire NewJersey NewYork North Carolina Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina Tennessee Texas Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 671 22 1,088 180 208 761 659 1,933 2,308 967 1,107 53 773 162 532 4,700 1,576 239 25 361 207 1,096 6,117 1,874 1,405 45 290 1,499 5 904 82 80 630 166 1,665 3 383 1,173 35,949 Dollars ($ 000’s) $3,422 71 11,280 1,782 2,698 9,082 3,987 19,855 17,456 8,242 5,920 228 5,858 1,844 7,270 50,344 8,891 1,843 89 1,948 2,623 9,700 55,208 12,133 10,610 219 1,937 10,790 21 11,427 232 414 4,936 2,235 13,913 13 2,441 9,921 $310,878 Borrowers 598 22 941 202 227 910 1,780 2,189 2,380 845 1,091 81 606 239 526 5,001 1,241 164 35 437 141 792 6,080 1,692 1,777 66 335 1,352 6 821 111 71 697 165 2,323 234 510 1,140 37,827 FY98 Dollars ($ 000’s) $3,789 83 9,820 2,065 3,395 12,040 14,934 22,626 18,242 7,837 6,866 410 5,097 2,878 7,272 58,194 7,567 1,166 152 2,439 1,808 6,895 56,551 11,275 13,755 424 2,552 9,066 19 10,568 340 412 5,501 2,473 21,845 2,341 3,374 10,003 $346,074 Borrowers 712 30 1,076 180 242 556 2,210 2,164 2,842 808 943 83 646 251 663 4,088 1,016 140 1 355 157 1,064 6,269 1,394 1,529 23 367 1,666 3 613 659 150 628 150 2,624 222 587 1,297 38,409 FY99 Dollars ($ 000’s) $3,773 129 12,720 1,859 3,621 6,397 20,200 22,569 22,584 8,110 5,681 427 5,834 2,859 9,770 44,687 7,324 1,051 2 1,902 2,319 9,706 61,264 8,714 11,566 120 2,839 11,964 10 8,055 2,519 1,017 4,478 1,967 24,748 2,087 3,707 12,109 $350,688 Borrowers 768 36 1,215 328 169 1,880 2,314 2,220 3,906 727 977 118 462 166 146 4,560 1,094 155 15 444 203 1,019 6,820 1,506 1,700 56 418 1,783 7 724 1,013 187 701 298 2,635 319 686 1,417 43,189 FY00 Dollars ($ 000’s) $4,573 148 14,990 3,901 2,732 21,561 19,905 27,844 33,338 7,226 6,594 612 4,014 1,934 1,301 59,483 8,004 1,275 49 2,509 3,667 10,330 70,109 11,744 13,431 461 3,426 14,092 20 10,352 4,226 1,077 5,510 5,284 26,272 3,093 4,614 12,903 $422,601 132 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 30. Federal Direct Loan Program (FDLP) loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Public 2-year FY97 State Arizona Arkansas California Colorado Florida Illinois Iowa Kansas Kentucky Louisiana Maryland Massachusetts Michigan Minnesota Missouri New Mexico New York North Carolina Ohio Oregon Pennsylvania South Carolina Texas Virginia Total Borrowers 24 — 8 13 6 65 501 43 44 3 35 8 88 — 1 1 218 — 31 11 1 11 12 17 1,141 Dollars ($ 000’s) $116 — 23 72 24 245 1,625 93 197 3 147 22 334 — 1 5 709 — 89 50 3 26 47 58 $3,889 Borrowers 48 — 31 13 3 48 492 46 49 9 20 3 91 — 2 2 304 3 123 7 2 10 3 4 1,315 FY98 Dollars ($ 000’s) $256 — 118 52 17 219 1,689 133 273 20 62 10 405 — 3 8 1,094 13 485 27 14 25 12 13 $4,950 Borrowers 37 — 14 7 2 35 431 57 54 13 39 3 77 20 3 14 256 2 106 11 3 18 6 3 1,212 FY99 Dollars ($ 000’s) $226 — 57 54 7 132 1,653 142 267 29 148 9 298 82 13 5 978 6 440 44 20 64 17 17 $4,707 Borrowers 33 3 26 25 4 93 404 58 91 12 28 3 107 53 1 1 329 5 161 19 3 19 2 7 1,488 FY00 Dollars ($ 000’s) $163 10 85 124 28 499 1,444 159 484 26 116 8 405 219 6 4 1,244 11 792 53 19 84 8 21 $6,011 Loan Volume Commitments NOTE: States are only shown in this table if they have loan volume for the type of institution shown on this page. Federal Student Loan Programs Data Book I FY 1997-FY 2000 133 Table 30. Federal Direct Loan Program (FDLP) loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 2-year FY97 State Arizona California Florida Illinois Iowa Massachusetts Mississippi NewYork Ohio Pennsylvania Tennessee Total Borrowers — 135 — 1 2 3 6 19 31 173 — 371 Dollars ($ 000’s) — $582 — 5 9 13 21 39 147 1,011 — $1,827 Borrowers 51 237 — — — — — 9 11 232 — 540 FY98 Dollars ($ 000’s) $146 1,103 — — — — — 46 45 1,389 — $2,729 Borrowers 125 145 8 — — — — 2 10 191 1 482 FY99 Dollars ($ 000’s) $264 682 35 — — — — 16 31 992 3 $2,023 Borrowers 97 32 25 — — — — 2 — 192 1 349 FY00 Dollars ($ 000’s) $391 100 61 — — — — 10 — 1,256 1 $1,819 NOTE: States are only shown in this table if they have loan volume for the type of institution shown on this page. 134 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 30. Federal Direct Loan Program (FDLP) loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Proprietary FY97 State Alabama Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Washington West Virginia Wisconsin Wyoming Total Borrowers 40 304 — 1,776 243 187 7 2 850 485 — 112 1,158 30 167 25 486 67 1 204 337 5 322 8 106 101 1 38 709 1 515 46 128 746 4 59 1,419 — 8 164 40 700 140 277 12 22 111 3 12,167 Dollars ($ 000’s) $108 1,105 — 10,215 1,569 1,056 28 6 4,801 2,798 — 514 6,101 95 652 82 3,809 232 4 867 2,308 9 1,780 13 513 388 3 160 3,096 3 2,588 165 646 4,130 14 221 7,850 — 20 865 121 3,416 631 1,338 53 288 552 15 $65,226 Borrowers 50 946 — 2,460 129 338 3 19 781 634 — 130 1,198 33 159 15 232 41 — 188 209 15 386 — 165 223 10 46 777 — 455 40 12 882 8 62 1,704 7 6 191 13 630 120 245 — 12 93 1 13,671 FY98 Dollars ($ 000’s) $195 4,221 — 17,987 714 2,266 10 30 4,232 4,280 — 568 6,453 103 658 63 1,385 172 — 823 1,741 40 2,510 — 938 1,054 40 206 3,585 — 2,052 142 33 4,935 28 244 9,975 65 14 811 50 3,144 517 1,418 — 165 452 5 $78,324 Borrowers 136 1,461 — 2,552 80 451 8 43 816 654 — 121 1,471 93 233 32 204 20 14 224 272 12 326 1 231 254 15 476 663 — 558 44 — 979 13 47 1,790 31 3 112 42 968 198 157 3 18 189 3 16,019 FY99 Dollars ($ 000’s) $526 7,661 — 17,677 380 2,799 33 89 4,644 4,667 — 727 8,248 405 977 162 1,501 63 46 1,097 2,475 39 1,869 1 1,138 1,471 52 3,220 3,152 — 2,664 149 — 5,639 42 190 9,449 187 4 556 124 4,928 982 774 12 227 1,030 12 $92,086 Borrowers 327 963 45 3,025 296 567 10 66 782 457 1 105 2,508 169 266 54 230 32 28 170 193 25 266 4 333 257 52 500 596 — 738 24 — 1,315 17 90 1,753 9 7 54 131 1,121 167 144 14 41 224 — 18,170 FY00 Dollars ($ 000’s) $1,360 5,435 131 22,576 1,112 3,629 34 175 4,247 3,345 5 660 14,260 805 1,274 290 1,790 114 98 917 1,995 74 1,762 5 1,786 1,527 192 3,166 2,891 — 3,933 89 — 8,189 115 308 10,137 37 14 251 459 5,775 925 691 79 517 1,289 — $108,467 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 135 Table 30. Federal Direct Loan Program (FDLP) loan volume commitments for Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Total FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania PuertoRico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming Total —Not applicable. NOTES: States are only shown in this table if they have loan volume for the type of institution shown on that page. Totals do not include Consolidation loan data. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY98 Borrowers 4,562 1 1,698 156 14,982 4,218 901 1,453 932 4,052 8,063 — 366 8,689 4,651 7,125 1,386 1,227 657 270 3,405 7,049 11,535 3,824 162 3,428 641 989 623 187 5,136 2 12,753 3,843 12 13,421 1,515 3,091 3,291 6 1,636 2,158 191 285 2,237 120 2,895 8 9,281 3,276 2,836 1,945 1 167,170 Dollars ($ 000’s) $30,805 4 8,534 582 108,349 37,616 7,413 14,039 12,085 29,053 54,966 — 1,766 57,079 35,355 41,555 8,938 7,952 5,290 3,006 27,372 71,638 72,079 25,384 429 19,360 3,787 4,688 4,218 2,015 31,674 8 94,183 22,674 33 98,067 9,105 23,315 20,444 19 17,752 15,397 811 1,296 14,961 517 25,835 49 69,353 24,589 18,413 13,694 5 $1,197,548 Borrowers 4,242 3 2,181 387 14,157 4,228 1,174 1,500 602 4,584 6,793 — 324 8,426 4,818 6,502 1,568 1,153 679 285 3,663 6,048 10,647 1,975 264 3,892 470 1,264 572 633 5,007 14 12,694 3,996 — 12,725 1,504 3,167 3,650 3 1,288 2,803 112 433 2,330 198 2,180 5 8,825 3,308 3,286 2,102 3 162,665 FY99 Dollars ($ 000’s) $25,587 15 11,689 1,746 102,576 38,455 9,125 14,303 6,499 35,380 48,295 — 1,717 55,794 39,072 38,403 10,100 7,476 5,927 2,972 31,242 57,808 68,896 11,951 699 22,070 2,784 6,392 3,958 5,538 30,821 5 96,820 22,753 — 93,342 8,424 23,659 22,425 10 13,476 18,790 556 2,174 14,035 982 19,386 20 65,704 24,423 21,817 15,938 12 $1,162,042 Borrowers 4,011 — 1,635 557 16,213 5,763 926 1,598 1,945 4,875 6,318 1 337 11,801 5,452 6,533 1,726 1,322 506 218 3,743 6,606 11,153 4,629 236 4,596 476 1,635 709 703 5,979 191 13,308 4,737 — 15,365 1,786 4,338 3,732 7 1,774 3,511 54 509 2,787 167 1,424 17 9,051 4,608 3,492 2,479 — 185,539 FY00 Dollars ($ 000’s) $27,988 — 9,488 2,324 126,261 45,449 7,397 15,713 21,737 36,527 50,412 5 1,962 79,680 44,547 43,320 11,302 9,295 4,154 2,172 28,744 73,535 72,699 33,620 688 26,947 3,053 8,598 4,967 6,833 39,095 974 106,861 31,034 — 119,433 11,208 31,195 25,503 20 20,417 24,196 251 2,328 18,019 925 12,984 51 72,067 34,812 23,664 18,247 — $1,392,701 Borrowers 5,462 — 1,014 119 13,354 4,628 734 1,291 765 2,877 7,183 — 362 8,106 5,365 7,149 1,256 1,406 843 184 2,912 7,386 10,941 3,155 288 2,931 684 938 493 245 5,396 3 12,803 3,744 128 11,557 1,540 2,632 3,092 5 1,555 1,346 164 395 1,626 140 2,801 1 8,717 2,756 2,312 1,940 3 156,729 Dollars ($ 000’s) $33,132 — 5,361 403 93,274 39,009 5,442 11,954 9,100 16,939 47,403 — 1,793 51,115 39,282 38,572 7,527 9,256 6,093 1,917 22,561 66,917 67,333 19,610 757 16,059 3,954 3,941 3,255 2,783 32,274 7 91,578 22,231 646 81,095 8,898 19,476 19,654 21 16,836 8,384 865 1,937 9,559 631 23,275 1 60,049 18,141 14,618 13,143 15 $1,068,076 136 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 31. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 Public 4-year FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Jersey New Mexico New York North Carolina Ohio Oklahoma Oregon Puerto ico Rhode Island South Carolina Tennessee Texas Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Total Borrowers 55,984 — 39,846 4,435 146,224 34,126 5,089 8,450 800 36,192 66,550 316 25,844 75,009 42,150 50,058 24,018 27,030 1,012 2,041 27,967 43,272 129,824 33,920 5,461 46,113 8,893 15,028 7,480 55,939 12,576 81,249 30,840 107,295 13,071 39,268 7,120 8,219 11,222 34,620 14,232 12,016 431 78,142 40,081 33,062 25,692 1,568,208 Dollars ($ 000’s) $274,296 — 199,385 16,493 725,454 186,587 19,894 43,697 3,083 185,483 302,486 1,344 107,328 347,444 195,121 215,420 100,029 107,086 3,474 5,117 123,525 180,968 604,489 156,967 18,812 218,204 34,117 56,543 32,900 248,612 61,381 356,728 135,013 501,337 57,905 202,507 25,735 41,389 50,076 191,870 65,330 59,190 1,651 413,171 202,215 135,219 95,939 $7,311,014 Borrowers 53,033 107 37,670 5,248 155,796 31,724 5,232 9,052 958 36,432 76,648 416 25,871 74,280 41,710 49,901 25,087 26,451 880 3,883 30,517 34,873 133,703 36,376 4,796 46,632 8,687 14,579 8,012 57,680 14,261 82,578 29,418 116,293 13,207 40,460 7,928 7,965 11,398 22,776 14,030 12,969 329 76,486 38,095 33,751 25,180 1,583,357 FY98 Dollars ($ 000’s) $266,463 386 187,861 19,557 762,987 177,462 20,822 48,943 3,908 188,925 361,730 1,790 105,389 342,647 189,760 212,921 104,871 107,023 3,003 13,179 142,304 138,226 616,776 174,768 16,564 223,181 33,398 54,341 37,017 259,621 73,209 364,861 126,131 532,086 59,149 212,144 26,590 39,568 53,350 104,089 66,228 64,942 1,084 402,400 192,819 139,691 93,754 $7,367,918 Borrowers 56,634 132 36,732 5,344 151,046 31,399 5,817 10,075 1,064 35,412 65,364 738 24,416 72,201 41,066 48,195 26,501 20,782 455 3,139 32,248 36,351 137,626 23,661 6,181 45,393 8,237 14,307 7,951 52,671 13,347 77,610 32,919 107,435 11,402 40,247 — 7,162 11,680 22,179 13,202 10,251 402 71,674 36,166 36,893 27,196 1,520,903 FY99 Dollars ($ 000’s) $273,309 392 188,573 21,654 718,932 176,252 24,235 49,855 4,436 187,040 293,315 3,036 98,813 332,680 189,794 206,279 114,805 81,445 1,445 10,126 141,568 131,834 638,118 90,001 26,772 221,381 31,092 54,051 37,803 227,258 69,029 342,756 133,922 483,649 50,091 214,520 — 34,612 54,916 96,559 62,175 48,563 1,073 360,187 181,995 155,185 100,379 $6,965,907 Borrowers 53,971 156 37,499 5,414 153,476 30,144 5,720 10,158 3 38,795 66,098 1,119 25,142 75,890 43,724 52,637 27,522 18,652 273 3,221 40,665 36,649 145,304 50,458 4,690 43,567 8,044 15,089 8,082 62,189 13,225 77,033 35,160 116,596 12,204 44,159 — 9,020 13,311 18,370 14,373 6,298 404 80,803 37,739 37,942 30,020 1,611,008 FY00 Dollars ($ 000’s) $277,645 790 186,946 21,499 722,163 149,843 20,989 46,868 4 210,341 305,945 4,486 101,885 341,765 204,828 242,042 120,035 79,273 840 11,117 188,943 145,241 681,834 280,938 20,374 201,173 32,884 59,604 40,878 283,332 66,588 350,818 151,493 542,950 55,986 234,616 — 48,370 65,168 81,729 68,252 27,177 1,069 436,913 196,185 165,538 115,149 $7,592,505 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 137 Table 31. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 4-year FY97 State Alabama Arkansas California Colorado Connecticut District of Columbia Florida Georgia Illinois Indiana Iowa Kansas Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri New Hampshire New Jersey New York North Carolina Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Total Borrowers 6,376 1,219 17,298 6,474 1,331 12,282 9,994 18,982 32,471 7,835 11,009 1,002 6,899 1,561 8,856 59,128 24,384 1,768 371 3,404 797 11,052 79,553 14,777 16,463 280 4,897 14,449 20,950 8,032 5,638 3,231 6,395 — 1,386 14,438 3,315 3,448 13,253 454,996 Dollars ($ 000’s) $27,096 4,359 121,034 51,766 7,586 96,470 44,145 109,792 192,092 39,126 47,369 3,610 39,953 7,698 61,828 390,684 97,034 8,227 1,544 14,477 5,743 65,713 483,066 61,574 86,125 865 32,458 65,151 78,703 52,809 21,084 13,251 36,278 — 6,861 76,656 22,779 17,430 71,805 $2,564,241 Borrowers 6,047 1,326 17,306 6,391 1,479 14,807 15,836 19,294 33,205 7,838 11,528 1,032 5,832 1,710 9,481 59,676 23,408 1,994 395 3,770 813 9,614 78,052 15,049 18,511 417 5,063 15,499 20,947 6,936 5,839 2,820 6,301 — 1,381 16,453 6,141 4,280 12,414 468,887 FY98 Dollars ($ 000’s) $27,790 5,969 116,589 50,930 11,072 113,787 71,545 110,462 190,280 38,421 52,504 3,745 34,331 9,087 64,471 397,245 91,217 7,936 1,667 16,083 5,165 55,343 466,183 62,372 95,240 1,570 37,446 70,637 74,116 42,103 24,046 10,407 34,839 — 6,680 90,911 45,412 19,806 71,841 $2,629,247 Borrowers 6,615 1,019 16,481 6,787 1,365 12,518 21,470 18,303 34,172 7,345 10,726 1,059 7,274 1,571 9,772 58,554 14,940 1,088 68 3,239 806 11,044 79,355 14,169 18,379 295 5,540 15,364 23,530 5,869 6,844 3,623 5,593 — 1,247 17,570 6,183 4,756 14,571 469,103 FY99 Dollars ($ 000’s) $27,901 3,711 113,318 52,929 9,389 85,496 103,921 105,257 188,361 37,151 44,019 3,884 43,692 8,230 65,009 377,574 69,482 3,488 210 13,494 5,474 69,736 464,050 56,415 92,138 1,068 38,563 67,557 86,147 34,612 24,694 14,163 28,794 — 5,539 97,573 37,898 20,617 83,018 $2,584,568 Borrowers 7,310 894 20,250 8,526 1,018 22,203 23,450 19,430 41,068 6,956 10,290 1,373 5,638 1,468 11,041 60,657 17,373 2,770 138 3,620 1,086 12,193 82,285 12,693 21,287 378 6,144 15,667 27,361 6,206 10,683 3,565 5,110 1 1,942 17,650 8,333 5,232 14,101 517,390 FY00 Dollars ($ 000’s) $32,885 3,117 149,424 66,138 6,906 190,624 115,275 124,916 235,217 35,898 43,904 5,244 33,822 7,267 68,133 422,370 88,923 13,611 529 16,603 7,900 77,112 509,694 55,071 112,784 1,732 43,266 71,764 107,455 39,275 49,030 13,947 24,808 9 12,329 101,047 61,883 24,594 79,469 $3,053,974 138 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 31. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Public 2-year FY97 State Alabama Arizona Arkansas California Colorado Delaware Florida Idaho Illinois Iowa Kansas Kentucky Louisiana Maryland Massachusetts Michigan Minnesota Missouri Nebraska New Jersey New Mexico New York North Carolina Ohio Oregon Pennsylvania South Carolina Tennessee Texas Virginia Washington Total Borrowers 1,435 4,412 780 16,266 2,665 746 5,121 1,354 4,402 19,205 2,066 9,019 1,013 1,323 2,401 6,107 — 525 3 739 493 24,295 119 5,768 3,611 1,762 5,092 905 2,562 1,760 3,270 129,216 Dollars ($ 000’s) 4,131 $14,750 1,675 45,676 6,814 1,471 14,768 4,236 10,189 53,019 4,760 25,896 3,112 3,282 4,186 16,632 — 1,341 5 1,365 1,371 59,228 298 14,202 10,296 3,916 13,665 3,254 5,232 4,377 9,191 $342,340 Borrowers 1,825 5,954 722 15,434 3,868 837 5,095 1,383 3,825 18,915 1,978 7,405 1,266 1,289 2,392 7,038 — 386 1 640 444 24,917 167 7,247 3,679 1,262 4,988 516 1,659 1,605 3,083 129,820 FY98 Dollars ($ 000’s) 5,351 $19,575 1,525 42,694 9,763 1,640 14,906 4,293 8,734 52,659 4,542 19,024 3,818 3,197 4,242 19,234 — 950 1 1,564 1,172 61,432 485 18,173 10,332 2,711 13,732 1,257 3,223 4,072 8,772 $343,075 Borrowers 2,224 6,104 373 11,958 3,052 737 4,764 1,128 3,422 17,273 2,133 5,852 1,069 1,116 1,716 7,965 2,683 422 — 279 353 25,117 208 6,461 3,925 903 5,782 493 2,033 1,177 2,710 123,435 FY99 Dollars ($ 000’s) 6,222 $19,243 760 32,869 7,708 1,543 14,028 3,364 7,780 49,412 4,873 14,452 3,172 2,606 3,056 21,626 7,120 1,102 — 535 876 61,178 634 15,550 11,564 1,839 15,357 1,160 4,472 2,701 7,719 $324,520 Borrowers 1,643 5,252 423 9,823 5,007 1,659 5,639 1,357 4,519 17,528 2,352 7,025 1,954 358 1,670 7,763 4,034 665 — 637 516 25,666 321 5,848 5,163 769 5,154 600 1,786 746 3,089 128,969 FY00 Dollars ($ 000’s) 4,274 $14,191 831 28,143 13,172 3,503 17,454 4,154 10,133 49,623 5,490 18,630 6,865 915 3,050 20,522 11,154 1,822 — 1,388 1,498 63,490 1,069 14,828 15,155 1,494 12,824 1,635 3,760 1,630 8,447 $341,144 Loan Volume Commitments NOTE: States are only shown in this table if they have loan volume for the type of institution shown on this page. Federal Student Loan Programs Data Book I FY 1997-FY 2000 139 Table 31. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Private 2-year FY97 State Arizona California Florida Illinois Iowa Massachusetts Michigan Mississippi New York Ohio Pennsylvania Puerto Rico Tennessee Washington Total Borrowers 476 2,251 — 110 18 94 — 60 460 397 1,620 144 4 124 5,759 Dollars ($ 000’s) $996 7,701 — 218 50 236 — 116 695 1,293 5,436 494 13 378 $17,626 Borrowers 2,251 2,612 262 10 — — — — 247 294 1,967 21 30 210 7,904 FY98 Dollars ($ 000’s) $4,844 8,910 628 17 — — — — 487 1,032 6,845 57 71 659 $23,548 Borrowers 3,143 1,731 421 — — — — — 51 364 1,604 — 30 290 7,634 FY99 Dollars ($ 000’s) $7,489 5,863 1,324 — — — — — 178 1,116 4,842 — 92 919 $21,822 Borrowers 2,182 687 881 — — — 11 — 72 330 1,637 — 72 320 6,193 FY00 Dollars ($ 000’s) $7,455 1,608 2,081 — — — 31 — 217 1,057 5,392 — 169 781 $18,789 NOTE: States are only shown in this table if they have loan volume for the type of institution shown on this page. 140 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 31. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state and type of institution: FY 1997-FY 2000 (continued) Proprietary FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico RhodeIsland South Carolina South Dakota Tennessee Texas Utah Virginia Washington West Virginia Wisconsin Wyoming Total — Not applicable. * Totals may not equal the sum of the individual column items since borrowers can, and do, change institutions over the course of the fiscal year. NOTES: States are only shown in this table if they have loan volume for the type of institution shown on that page. Totals do not include Consolidation loan data. The loan volume reported in this table includes some loans that later may be canceled. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY98 Dollars ($ 000’s) $8,705 2,365 25,791 — 104,657 12,999 15,084 2,035 72 40,461 43,475 378 4,192 70,058 3,121 6,251 2,704 21,464 3,294 243 11,029 12,922 498 15,081 443 10,352 3,828 680 4,613 32,237 614 13,408 3,214 4,463 34,423 462 3,271 47,987 2,005 41 700 5,181 8,232 48,675 6,403 22,122 16,541 1,791 3,884 70 $682,518 Borrowers 3,705 726 10,649 — 35,223 2,751 6,791 755 539 13,308 14,259 330 1,123 18,148 1,805 2,276 1,288 5,884 1,476 102 3,635 2,411 357 5,104 15 3,889 2,237 580 1,150 12,522 162 6,612 1,417 85 11,124 358 1,296 17,018 998 222 242 2,293 2,144 15,519 2,183 7,897 5,302 646 1,782 21 230,357 Dollars ($ 000’s) $11,202 2,702 36,118 — 129,957 8,702 20,676 1,649 1,134 41,023 53,428 715 4,192 70,288 4,595 7,019 3,691 19,718 3,325 239 10,636 7,729 592 17,420 46 13,277 6,839 1,670 4,257 34,106 350 17,219 3,651 244 38,034 894 3,676 58,458 1,712 636 443 7,665 5,526 52,350 6,866 22,475 16,973 1,680 5,625 47 $761,464 Borrowers 5,112 872 13,409 378 35,105 2,571 8,462 818 880 12,410 12,626 367 1,113 17,606 2,270 2,480 1,580 4,894 1,291 238 3,992 3,004 408 5,102 189 4,741 2,724 734 4,929 8,973 204 6,688 1,165 — 12,312 813 1,092 17,383 829 507 144 1,945 2,217 17,717 3,249 6,962 4,679 534 2,296 26 240,043 FY99 Dollars ($ 000’s) $17,668 3,531 48,834 866 129,596 7,631 25,865 1,870 1,842 37,629 49,011 893 4,617 65,492 6,541 7,938 4,530 17,364 3,063 591 11,794 10,261 684 16,192 260 16,200 9,472 1,874 18,750 24,645 515 18,421 3,065 — 43,254 2,429 3,308 56,913 1,303 1,286 216 6,745 6,129 62,278 10,543 20,087 15,268 1,545 7,606 117 $806,535 Borrowers 6,429 833 10,813 750 35,296 4,432 8,556 1,897 956 11,899 9,380 342 1,153 22,078 2,769 3,043 1,507 4,507 1,753 449 4,349 1,693 506 5,433 614 5,449 2,819 1,219 6,031 9,912 44 6,560 1,144 2 13,973 1,030 1,474 14,911 860 207 162 1,017 2,214 17,564 2,327 4,560 4,627 548 2,639 — 242,732 FY00 Dollars ($ 000’s) $21,692 2,917 40,989 1,939 133,684 12,096 27,062 4,506 2,270 35,044 35,781 837 4,692 85,704 8,376 10,182 4,701 15,939 4,165 1,331 12,767 6,058 914 18,101 743 19,364 10,665 3,484 19,016 27,680 117 19,921 3,124 7 52,571 3,350 4,373 49,709 1,137 428 317 3,620 6,417 62,198 8,182 12,939 15,423 1,757 8,737 — $827,026 Borrowers 2,970 687 7,984 — 29,334 3,639 5,242 949 33 12,605 11,891 192 1,151 17,711 1,303 2,049 1,028 5,963 1,479 84 3,808 4,184 265 4,611 186 3,204 1,493 238 1,204 12,029 266 4,605 1,268 1,197 10,444 193 1,204 14,984 962 12 347 1,558 3,004 13,991 1,866 7,929 5,273 679 1,176 27 208,504 Loan Volume Commitments Federal Student Loan Programs Data Book I FY 1997-FY 2000 141 Figure 19. Federal Direct Loan Program (FDLP) total loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state: FY 1997-FY 2000 FY00 WA MT ND MN ME OR SD ID WY NE NV UT CO IA PA IL KS MO KY OK AZ NM AR MS TX LA TN AL GA SC FDLP dollars (in 000,000’s) FY00 $750-$1,050 AK FL $500-$749 $250-$499 HI 0-$249 SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. WI MI NY VT NH MA NJ DE MD DC RI CT IN OH WV VA NC CA FY99 WA MT ND MN ME OR SD ID WY NE NV UT CO IA PA IL KS MO KY OK AZ NM AR MS TX LA TN AL GA SC FDLP dollars (in 000,000’s) FY99 $750-$1,050 AK FL $500-$749 $250-$499 HI 0-$249 SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. WI MI NY VT NH MA NJ DE MD DC RI CT IN OH WV VA NC CA 142 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 19. Federal Direct Loan Program (FDLP) total loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state: FY 1997-FY 2000 (continued) FY98 WA MT ND MN ME OR SD ID WY NE NV UT CO IA PA IL KS MO KY OK AZ NM AR MS TX LA TN AL GA SC FDLP dollars (in 000,000’s) FY98 $750-$1,050 AK FL $500-$749 $250-$499 HI 0-$249 SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. WI MI NY VT NH MA NJ DE MD DC RI CT IN OH WV VA NC CA Loan Volume Commitments FY97 WA MT ND MN ME OR SD ID WY NE NV UT CO IA PA IL KS MO KY OK AZ NM AR MS TX LA TN AL GA SC FDLP dollars (in 000,000’s) FY97 $750-$1,070 AK FL $500-$749 $250-$499 HI 0-$249 SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. WI MI NY VT NH MA NJ DE MD DC RI CT IN OH WV VA NC CA Federal Student Loan Programs Data Book I FY 1997-FY 2000 143 Tables 32-35. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by state: FY 1997-FY 2000 These tables show summaries of loan volume for Stafford Subsidized, Stafford Unsubsidized, and PLUS loans for the 50 states, the District of Columbia, and three U.S. territories. The percent change and percent share of total, rank, and rank comparison for each state are shown. (A summary of FDLP loan volume is presented in table 6.). (See also figure 20 which follows tables 32-35.) I Total FDLP loan volume commitments was between $11 billion and $12 billion from FY 1997 to FY 2000. California held the largest share of FDLP dollar volume each year with 9.2, 9.5, 9.3, and 8.7 percent, respectively (see table 35). Five states increased their FDLP dollar volume commitments by more than 70 percent from FY 1997 to FY 2000. Two states (Minnesota and New Hampshire), and the District of Columbia increased FDLP dollar volume commitments by 79.6, 159.9, and 93.6 percent, respectively. Guam and Hawaii increased FDLP dollar volume commitments by 233.7 and 121.3 percent, respectively. However, they participated at such low levels that their proportion of FDLP dollar volume was less than one-tenth of one percent each year (see table 35). Five states with the highest FDLP dollar volume maintained their positions from FY 1997 to FY 2000. California, New York, Michigan, Ohio, and Illinois ranked one through five, respectively, in FDLP dollar volume each year from FY 1997 to FY 2000. In FY 2000, California committed $1.0 billion and New York $0.9 billion. Michigan, Ohio, and Illinois committed $0.8, $0.7, and $0.7 billion, respectively, in FDLP dollar volume (see table 35). I I 144 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 32. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized loans, by state: FY 1997-FY 2000 FY97 State Loans Dollars ($ 000’s) $180,387 1,421 136,632 15,732 606,948 122,389 22,510 20,809 49,607 162,293 245,831 1,108 220 71,777 360,484 127,527 184,718 70,669 90,977 26,751 7,986 109,180 330,951 400,186 98,878 16,833 136,885 19,919 35,692 17,019 4,348 198,940 36,772 543,907 115,351 1,916 356,410 32,765 134,880 59,607 98,811 56,234 50,478 2,668 137,572 90,081 3,038 30,089 1,430 277,772 140,216 91,061 95,932 25 $6,232,620 FY98 Loans 49,904 720 38,543 6,236 172,934 29,791 9,709 6,434 11,231 51,566 83,595 414 228 21,700 99,886 38,719 61,719 22,527 29,268 6,407 5,255 31,385 72,503 124,962 32,275 6,152 40,130 6,664 11,279 6,020 1,256 57,429 10,755 149,693 33,220 45 112,609 9,500 37,630 22,773 29,444 11,586 16,026 1,752 23,516 27,577 1,223 9,500 313 71,713 37,630 28,455 30,990 12 1,802,803 FY99 Dollars ($ 000’s) $171,957 1,848 137,182 17,273 621,143 118,109 27,424 21,671 57,380 171,149 277,134 1,345 402 69,996 343,044 125,303 183,185 71,169 84,037 23,422 13,935 117,986 291,479 391,497 104,636 14,983 136,362 19,235 34,421 19,407 4,152 195,012 40,760 532,815 106,073 119 371,532 32,783 137,599 68,644 93,032 46,755 47,425 4,401 75,744 86,506 3,202 31,535 904 266,085 141,573 92,557 93,189 22 $6,140,537 FY00 Dollars ($ 000’s) Loans 49,689 723 35,900 5,195 155,917 24,426 9,293 5,773 14,781 58,272 64,704 808 247 19,290 99,429 35,828 58,500 21,899 20,655 6,400 4,319 36,566 70,316 112,994 45,738 5,046 34,185 5,619 10,611 6,033 4,050 55,917 9,914 139,956 33,122 1 102,240 8,305 39,273 19,506 28,427 11,985 19,580 884 17,632 26,162 1,320 5,216 308 70,843 35,065 29,817 30,191 — 1,708,870 Percent change Percent change FY99-FY00 FY97-FY00 Dollars ($ 000’s) $173,786 1,865 128,493 15,829 567,937 104,233 25,106 19,416 82,970 193,006 230,016 2,965 451 65,804 348,994 117,258 180,363 73,600 58,944 22,368 11,969 137,659 278,790 388,558 163,680 16,616 113,625 18,692 33,900 21,123 11,274 203,932 40,035 511,587 105,899 3 358,423 29,328 147,689 57,566 94,853 48,772 61,518 2,131 59,044 83,029 3,611 16,379 773 263,246 136,039 100,212 99,292 — $6,032,650 Percent share of total Loans Dollars FY00 2.9 0.0 2.1 0.3 9.1 1.4 0.5 0.3 0.9 3.4 3.8 0.0 0.0 1.1 5.8 2.1 3.4 1.3 1.2 0.4 0.3 2.1 4.1 6.6 2.7 0.3 2.0 0.3 0.6 0.4 0.2 3.3 0.6 8.2 1.9 0.0 6.0 0.5 2.3 1.1 1.7 0.7 1.1 0.1 1.0 1.5 0.1 0.3 0.0 4.1 2.1 1.7 1.8 — 100.0 Loans 53,214 811 40,278 5,546 158,955 27,963 10,713 6,920 9,006 53,737 66,539 643 249 19,253 95,404 36,721 57,691 22,311 22,474 6,867 4,523 30,937 70,462 115,687 21,403 7,713 36,818 5,858 10,840 5,912 3,660 49,980 10,331 142,504 33,503 — 98,860 8,250 39,603 21,423 24,476 10,454 16,277 1,579 22,468 27,389 1,879 7,013 339 65,173 37,708 30,224 32,696 16 1,691,253 Loans Dollars Loans Dollars -6.6 -10.9 -10.9 -6.3 -1.9 -12.6 -13.3 -16.6 64.1 8.4 -2.8 25.7 -0.8 0.2 4.2 -2.4 1.4 -1.8 -8.1 -6.8 -4.5 18.2 -0.2 -2.3 113.7 -34.6 -7.2 -4.1 -2.1 2.0 10.7 11.9 -4.0 -1.8 -1.1 — 3.4 0.7 -0.8 -8.9 16.1 14.6 20.3 -44.0 -21.5 -4.5 -29.7 -25.6 -9.1 8.7 -7.0 -1.3 -7.7 — 1.0 -2.1 -10.6 -6.8 -2.6 -0.4 -6.8 -13.2 -11.9 85.0 8.9 1.2 38.7 -7.0 6.0 7.9 0.6 6.9 1.5 -4.2 -13.1 4.6 24.1 3.3 2.9 173.4 -25.1 -9.8 4.8 2.3 10.7 4.5 18.3 2.8 2.4 1.6 — 10.0 8.4 5.7 -6.1 21.6 17.6 34.7 -45.9 -15.5 -0.3 -24.9 -28.1 5.0 10.8 9.4 4.3 -0.1 — 6.1 -5.8 25.3 -0.6 -5.8 -5.7 -19.8 14.7 -7.0 60.8 19.6 -13.9 147.1 93.0 -9.0 -3.7 -8.2 -4.7 -0.4 -35.1 -14.4 48.0 25.9 -14.8 -8.6 50.1 -34.9 -14.9 -16.1 -10.0 13.4 213.5 -2.7 0.3 -6.6 -9.1 -99.9 -3.2 -12.3 7.4 -5.8 -5.3 -9.6 18.4 -21.4 -31.7 -8.4 20.9 -42.0 -32.6 -4.7 -9.2 5.1 -5.2 — -4.6 -3.7 31.3 -6.0 0.6 -6.4 -14.8 11.5 -6.7 67.3 18.9 -6.4 167.5 105.0 -8.3 -3.2 -8.1 -2.4 4.1 -35.2 -16.4 49.9 26.1 -15.8 -2.9 65.5 -1.3 -17.0 -6.2 -5.0 24.1 159.3 2.5 8.9 -5.9 -8.2 -99.9 0.6 -10.5 9.5 -3.4 -4.0 -13.3 21.9 -20.1 -57.1 -7.8 18.9 -45.6 -46.0 -5.2 -3.0 10.0 3.5 — -3.2 FY97 2.9 0.0 2.0 0.3 9.2 1.7 0.5 0.3 0.5 2.7 4.2 0.0 0.0 1.2 5.8 2.2 3.4 1.2 1.8 0.4 0.2 1.6 4.6 6.9 1.7 0.4 2.2 0.4 0.7 0.3 0.1 3.2 0.6 8.4 2.0 0.0 5.9 0.5 2.0 1.2 1.7 0.7 0.9 0.1 1.4 1.6 0.1 0.5 0.0 4.1 2.2 1.6 1.8 0.0 100.0 FY98 2.8 0.0 2.1 0.3 9.6 1.7 0.5 0.4 0.6 2.9 4.6 0.0 0.0 1.2 5.5 2.1 3.4 1.2 1.6 0.4 0.3 1.7 4.0 6.9 1.8 0.3 2.2 0.4 0.6 0.3 0.1 3.2 0.6 8.3 1.8 0.0 6.2 0.5 2.1 1.3 1.6 0.6 0.9 0.1 1.3 1.5 0.1 0.5 0.0 4.0 2.1 1.6 1.7 0.0 100.0 FY99 3.1 0.0 2.4 0.3 9.4 1.7 0.6 0.4 0.5 3.2 3.9 0.0 0.0 1.1 5.6 2.2 3.4 1.3 1.3 0.4 0.3 1.8 4.2 6.8 1.3 0.5 2.2 0.3 0.6 0.3 0.2 3.0 0.6 8.4 2.0 — 5.8 0.5 2.3 1.3 1.4 0.6 1.0 0.1 1.3 1.6 0.1 0.4 0.0 3.9 2.2 1.8 1.9 0.0 100.0 FY97 2.9 0.0 2.2 0.3 9.7 2.0 0.4 0.3 0.8 2.6 3.9 0.0 0.0 1.2 5.8 2.0 3.0 1.1 1.5 0.4 0.1 1.8 5.3 6.4 1.6 0.3 2.2 0.3 0.6 0.3 0.1 3.2 0.6 8.7 1.9 0.0 5.7 0.5 2.2 1.0 1.6 0.9 0.8 0.0 2.2 1.4 0.0 0.5 0.0 4.5 2.2 1.5 1.5 0.0 100.0 FY98 2.8 0.0 2.2 0.3 10.1 1.9 0.4 0.4 0.9 2.8 4.5 0.0 0.0 1.1 5.6 2.0 3.0 1.2 1.4 0.4 0.2 1.9 4.7 6.4 1.7 0.2 2.2 0.3 0.6 0.3 0.1 3.2 0.7 8.7 1.7 0.0 6.1 0.5 2.2 1.1 1.5 0.8 0.8 0.1 1.2 1.4 0.1 0.5 0.0 4.3 2.3 1.5 1.5 0.0 100.0 FY99 3.1 0.0 2.4 0.3 10.0 2.0 0.5 0.4 0.8 3.1 4.0 0.0 0.0 1.1 5.7 2.1 3.0 1.3 1.1 0.5 0.2 2.0 4.7 6.6 1.1 0.4 2.2 0.3 0.6 0.3 0.2 3.0 0.7 8.8 1.8 — 5.7 0.5 2.5 1.1 1.4 0.7 0.8 0.1 1.2 1.5 0.1 0.4 0.0 4.2 2.2 1.7 1.7 0.0 100.0 FY00 2.9 0.0 2.1 0.3 9.4 1.7 0.4 0.3 1.4 3.2 3.8 0.0 0.0 1.1 5.8 1.9 3.0 1.2 1.0 0.4 0.2 2.3 4.6 6.4 2.7 0.3 1.9 0.3 0.6 0.4 0.2 3.4 0.7 8.5 1.8 0.0 5.9 0.5 2.4 1.0 1.6 0.8 1.0 0.0 1.0 1.4 0.1 0.3 0.0 4.4 2.3 1.7 1.6 — 100.0 Alabama 52,765 Alaska 577 Arizona 36,100 Arkansas 5,512 California 165,319 Colorado 30,474 Connecticut 8,102 Delaware 6,208 District of Columbia 9,190 Florida 48,714 Georgia 75,170 Guam 327 Hawaii 128 Idaho 21,208 Illinois 103,282 Indiana 39,028 Iowa 61,407 Kansas 21,991 Kentucky 31,839 Louisiana 7,476 Maine 2,919 Maryland 29,041 Massachusetts 82,517 Michigan 123,593 Minnesota 30,471 Mississippi 7,747 Missouri 40,190 Montana 6,694 Nebraska 11,792 Nevada 5,319 New Hampshire 1,292 New Jersey 57,487 New Mexico 9,889 New York 149,829 North Carolina 36,452 North Dakota 717 Ohio 105,600 Oklahoma 9,473 Oregon 36,572 Pennsylvania 20,703 Puerto Rico 30,029 Rhode Island 13,264 South Carolina 16,538 South Dakota 1,124 Tennessee 25,822 Texas 28,564 Utah 1,092 Vermont 8,990 Virgin Islands 457 Virginia 74,340 Washington 38,627 West Virginia 28,367 Wisconsin 31,833 Wyoming 12 Total 1,792,173 $177,596 2,086 137,915 16,256 570,377 111,810 28,939 22,032 44,843 177,254 227,394 2,139 484 62,099 323,492 116,595 168,758 72,542 61,503 25,744 11,440 110,944 270,008 377,642 59,861 22,180 125,987 17,832 33,148 19,082 10,784 172,382 38,930 499,649 104,246 — 325,940 27,060 139,667 61,331 77,991 41,489 45,654 3,937 69,863 83,311 4,805 22,779 736 237,622 124,297 96,039 99,434 34 $5,685,959 FY 1997-FY 2000 145 Table 32. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized loans, by state: FY 1997-FY 2000 (continued) Ranking in FY97-FY00 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 FY97 California New York Michigan Illinois Ohio Massachusetts Virginia Georgia New Jersey Iowa Alabama Florida Washington Tennessee Missouri Arizona Oregon Indiana Colorado North Carolina Maryland Minnesota Puerto Rico Wisconsin West Virginia Kentucky Texas Idaho Kansas Pennsylvania Rhode Island South Carolina District of Columbia New Mexico Nebraska Oklahoma Vermont Louisiana Connecticut Delaware Montana Nevada Mississippi Arkansas Maine New Hampshire Utah South Dakota North Dakota Virgin Islands Alaska Guam Hawaii Wyoming FY98 California New York Michigan Ohio Illinois Massachusetts Georgia Virginia New Jersey Iowa Alabama Florida Washington Oregon Arizona Missouri Indiana Colorado Maryland North Carolina Minnesota Wisconsin Puerto Rico West Virginia Texas Kentucky Tennessee Kansas Idaho Pennsylvania District of Columbia South Carolina Rhode Island New Mexico Nebraska Oklahoma Vermont Connecticut Louisiana Delaware Nevada Montana Arkansas Mississippi Maine South Dakota New Hampshire Utah Alaska Guam Virgin Islands Hawaii North Dakota Wyoming FY99 California New York Michigan Ohio Illinois Massachusetts Virginia Georgia Alabama Florida New Jersey Iowa Oregon Arizona Missouri Washington Indiana Colorado Maryland North Carolina Wisconsin West Virginia Texas Puerto Rico Kansas Tennessee Idaho Kentucky Pennsylvania Minnesota South Carolina District of Columbia Rhode Island New Mexico Nebraska Connecticut Oklahoma Louisiana Vermont Mississippi Delaware Nevada Montana Arkansas Maine New Hampshire Utah South Dakota Guam Alaska Virgin Islands Hawaii Wyoming — FY00 California New York Michigan Ohio Illinois Massachusetts Virginia Georgia New Jersey Florida Iowa Alabama Minnesota Oregon Maryland Washington Arizona Indiana Missouri North Carolina Colorado West Virginia Wisconsin Puerto Rico Texas District of Columbia Kansas Idaho South Carolina Tennessee Kentucky Pennsylvania Rhode Island New Mexico Nebraska Oklahoma Connecticut Louisiana Nevada Delaware Montana Mississippi Vermont Arkansas Maine New Hampshire Utah Guam South Dakota Alaska Virgin Islands Hawaii North Dakota — Guaranty agency Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming FY971 11 51 16 44 1 19 39 40 33 12 8 52 53 28 4 18 10 29 26 38 45 21 6 3 22 43 15 41 35 42 46 9 34 2 20 49 5 36 17 30 23 31 32 48 14 27 47 37 50 7 13 25 24 54 11 49 15 43 1 18 38 40 31 12 7 50 52 29 5 17 10 28 26 39 45 19 6 3 21 44 16 42 35 41 47 9 34 2 20 53 4 36 14 30 23 33 32 46 27 25 48 37 51 8 13 24 22 54 Rank FY981 FY991 9 50 14 44 1 18 36 41 32 10 8 49 52 27 5 17 12 25 28 38 45 19 6 3 30 40 15 43 35 42 46 11 34 2 20 — 4 37 13 29 24 33 31 48 26 23 47 39 51 7 16 22 21 53 FY001 12 50 17 44 1 21 37 40 26 10 8 48 52 28 5 18 11 27 31 38 45 15 6 3 13 42 19 41 35 39 46 9 34 2 20 53 4 36 14 32 24 33 29 49 30 25 47 43 51 7 16 22 23 — — Not applicable. 1 The lowest rank for FY97 and FY98 was 54, while the lowest rank for FY99 and FY00 was 53. NOTES: All rankings are based on dollar amounts. Volume measure is Direct Loan commitments. State is determined by the state location of the school that a Direct Loan borrower attends. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0.0 indicates a number less than 0.05. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. 146 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 33. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Unsubsidized loans, by state: FY 1997-FY 2000 FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming Total FY98 Dollars ($ 000’s) $100,709 944 98,930 6,391 304,300 96,769 14,612 14,440 40,918 105,624 162,518 236 159 42,186 208,402 70,560 98,820 32,908 54,213 16,989 3,155 67,922 191,129 251,135 61,787 3,323 91,430 10,244 20,742 13,314 3,225 116,713 26,587 277,640 62,517 1,901 199,876 17,571 94,176 43,228 8,105 21,169 26,662 1,648 77,111 55,874 2,734 12,687 220 178,505 92,748 48,762 62,553 30 $3,617,052 FY99 Dollars ($ 000’s) $108,043 1,236 102,683 9,197 331,643 91,133 17,733 16,521 49,365 116,824 193,519 445 312 42,112 211,842 72,119 100,363 36,743 53,775 15,766 5,564 75,249 184,325 264,244 70,104 2,864 97,769 10,376 22,071 15,062 3,255 123,947 33,963 283,184 63,892 92 214,966 19,725 102,684 49,561 9,424 17,799 28,749 2,452 44,310 55,174 3,147 14,251 131 184,419 98,474 50,207 64,337 21 $3,787,167 FY00 Dollars ($ 000’s) $121,917 1,823 114,535 8,990 327,625 94,255 21,425 16,932 40,433 131,307 171,894 897 409 42,977 215,028 77,820 100,488 45,450 44,283 19,700 4,535 78,791 194,909 283,372 44,989 4,363 104,120 10,476 23,983 16,638 7,902 118,972 31,485 290,113 67,036 — 216,426 18,103 104,630 47,395 9,448 15,545 30,738 2,252 46,066 60,372 4,756 11,937 317 177,223 95,080 59,490 75,632 72 $3,855,351 Percent change Percent change FY99-FY00 FY97-FY00 Dollars ($ 000’s) $134,722 1,842 111,599 9,233 340,823 91,567 22,454 19,747 88,191 150,661 186,213 1,520 382 42,966 244,143 87,297 122,070 50,568 45,603 19,171 5,573 104,355 224,395 330,968 126,503 4,342 98,390 11,139 27,771 18,272 8,809 146,485 27,194 325,694 73,824 4 246,333 20,532 118,525 45,289 13,720 18,884 41,626 1,238 42,523 57,970 3,655 10,143 246 217,216 111,868 68,012 85,816 — $4,408,087 Percent share of total Loans Dollars FY00 3.1 0.0 2.5 0.3 7.6 1.7 0.6 0.5 1.0 3.7 4.4 0.0 0.0 1.1 5.4 2.3 3.4 1.3 1.3 0.4 0.2 2.2 4.0 7.8 2.9 0.1 2.5 0.3 0.8 0.4 0.3 3.2 0.5 7.1 2.0 0.0 5.9 0.5 2.4 1.2 0.2 0.4 1.1 0.1 1.1 1.5 0.1 0.3 0.0 4.3 2.2 1.7 2.0 — 100.0 Loans 30,880 299 27,067 2,344 82,444 23,424 4,919 4,581 6,213 32,458 49,882 74 73 13,556 56,403 22,573 34,984 11,560 19,170 4,046 1,300 17,277 42,103 78,527 18,491 1,722 26,403 4,172 7,927 4,058 839 33,354 6,918 73,026 19,838 569 59,675 5,846 24,159 14,104 1,754 5,030 8,715 768 14,229 16,186 940 4,223 82 45,818 25,254 15,852 18,747 11 1,024,867 Loans 31,918 387 29,938 3,582 90,773 22,357 5,762 5,197 7,979 34,886 58,034 135 140 14,033 57,689 23,214 35,581 13,097 18,785 3,925 2,186 19,008 38,702 81,863 20,381 1,457 28,106 4,225 8,274 4,602 838 35,742 8,204 75,642 20,639 34 64,783 6,217 25,353 15,639 2,102 4,710 9,492 1,084 14,111 16,367 1,127 4,798 47 46,563 25,192 16,205 19,458 11 1,080,574 Loans 36,145 554 32,477 3,157 87,147 21,469 6,904 5,292 6,961 37,926 48,361 253 151 13,860 57,582 24,658 35,229 14,557 15,393 4,447 1,959 20,297 41,142 82,786 14,851 1,869 28,761 4,027 8,490 4,812 2,484 31,979 7,587 75,575 21,440 — 64,160 5,911 26,179 15,519 1,978 4,161 10,328 1,062 14,347 18,052 1,684 3,828 138 44,205 26,542 18,614 21,790 16 1,079,096 Loans 35,897 557 28,946 3,036 86,944 19,010 6,946 5,458 11,188 42,548 50,017 400 138 13,138 62,446 26,357 39,054 15,181 15,162 4,571 1,947 25,118 45,566 89,881 33,409 1,641 28,398 3,718 8,988 4,946 2,937 36,918 6,147 81,083 22,472 1 67,898 6,184 27,007 14,335 2,798 4,710 12,742 630 12,121 17,095 1,153 3,343 102 48,965 25,802 20,049 23,204 — 1,148,302 Loans Dollars Loans Dollars -0.7 0.5 -10.9 -3.8 -0.2 -11.5 0.6 3.1 60.7 12.2 3.4 58.1 -8.6 -5.2 8.4 6.9 10.9 4.3 -1.5 2.8 -0.6 23.8 10.8 8.6 125.0 -12.2 -1.3 -7.7 5.9 2.8 18.2 15.4 -19.0 7.3 4.8 — 5.8 4.6 3.2 -7.6 41.5 13.2 23.4 -40.7 -15.5 -5.3 -31.5 -12.7 -26.1 10.8 -2.8 7.7 6.5 — 6.4 10.5 1.0 -2.6 2.7 4.0 -2.9 4.8 16.6 118.1 14.7 8.3 69.5 -6.6 0.0 13.5 12.2 21.5 11.3 3.0 -2.7 22.9 32.4 15.1 16.8 181.2 -0.5 -5.5 6.3 15.8 9.8 11.5 23.1 -13.6 12.3 10.1 — 13.8 13.4 13.3 -4.4 45.2 21.5 35.4 -45.0 -7.7 -4.0 -23.1 -15.0 -22.5 22.6 17.7 14.3 13.5 — 14.3 16.2 86.3 6.9 29.5 5.5 -18.8 41.2 19.1 80.1 31.1 0.3 440.5 89.0 -3.1 10.7 16.8 11.6 31.3 -20.9 13.0 49.8 45.4 8.2 14.5 80.7 -4.7 7.6 -10.9 13.4 21.9 250.1 10.7 -11.1 11.0 13.3 -99.8 13.8 5.8 11.8 1.6 59.5 -6.4 46.2 -18.0 -14.8 5.6 22.7 -20.8 24.4 6.9 2.2 26.5 23.8 — 12.0 33.8 95.1 12.8 44.5 12.0 -5.4 53.7 36.7 115.5 42.6 14.6 544.4 140.7 1.8 17.2 23.7 23.5 53.7 -15.9 12.8 76.7 53.6 17.4 31.8 104.7 30.6 7.6 8.7 33.9 37.2 173.2 25.5 2.3 17.3 18.1 -99.8 23.2 16.9 25.9 4.8 69.3 -10.8 56.1 -24.9 -44.9 3.8 33.7 -20.1 11.9 21.7 20.6 39.5 37.2 — 21.9 FY97 3.0 0.0 2.6 0.2 8.0 2.3 0.5 0.4 0.6 3.2 4.9 0.0 0.0 1.3 5.5 2.2 3.4 1.1 1.9 0.4 0.1 1.7 4.1 7.7 1.8 0.2 2.6 0.4 0.8 0.4 0.1 3.3 0.7 7.1 1.9 0.1 5.8 0.6 2.4 1.4 0.2 0.5 0.9 0.1 1.4 1.6 0.1 0.4 0.0 4.5 2.5 1.5 1.8 0.0 100.0 FY98 3.0 0.0 2.8 0.3 8.4 2.1 0.5 0.5 0.7 3.2 5.4 0.0 0.0 2.1 3.3 1.3 5.3 1.2 1.7 0.4 0.2 1.8 3.6 7.6 1.9 0.1 2.6 0.4 0.8 0.4 0.1 3.3 0.8 7.0 1.9 0.0 6.0 0.6 2.3 1.4 0.2 0.4 0.9 0.1 1.3 1.5 0.1 0.4 0.0 4.3 2.3 1.5 1.8 0.0 100.0 FY99 3.3 0.1 3.0 0.3 8.1 2.0 0.6 0.5 0.6 3.5 4.5 0.0 0.0 1.3 5.3 2.3 3.3 1.3 1.4 0.4 0.2 1.9 3.8 7.7 1.4 0.2 2.7 0.4 0.8 0.4 0.2 3.0 0.7 7.0 2.0 5.9 0.5 2.4 1.4 0.2 0.4 1.0 0.1 1.3 1.7 0.2 0.4 0.0 4.1 2.5 1.7 2.0 0.0 100.0 FY97 2.8 0.0 2.7 0.2 8.4 2.7 0.4 0.4 1.1 2.9 4.5 0.0 0.0 1.2 5.8 2.0 2.7 0.9 1.5 0.5 0.1 1.9 5.3 6.9 1.7 0.1 2.5 0.3 0.6 0.4 0.1 3.2 0.7 7.7 1.7 0.1 5.5 0.5 2.6 1.2 0.2 0.6 0.7 0.0 2.1 1.5 0.1 0.4 0.0 4.9 2.6 1.3 1.7 0.0 100.0 FY98 2.9 0.0 2.7 0.2 8.8 2.4 0.5 0.4 1.3 3.1 5.1 0.0 0.0 1.1 5.6 1.9 2.7 1.0 1.4 0.4 0.1 2.0 4.9 7.0 1.9 0.1 2.6 0.3 0.6 0.4 0.1 3.3 0.9 7.5 1.7 0.0 5.7 0.5 2.7 1.3 0.2 0.5 0.8 0.1 1.2 1.5 0.1 0.4 0.0 4.9 2.6 1.3 1.7 0.0 100.0 FY99 3.2 0.0 3.0 0.2 8.5 2.4 0.6 0.4 1.0 3.4 4.5 0.0 0.0 1.1 5.6 2.0 2.6 1.2 1.1 0.5 0.1 2.0 5.1 7.4 1.2 0.1 2.7 0.3 0.6 0.4 0.2 3.1 0.8 7.5 1.7 5.6 0.5 2.7 1.2 0.2 0.4 0.8 0.1 1.2 1.6 0.1 0.3 0.0 4.6 2.5 1.5 2.0 0.0 100.0 FY00 3.1 0.0 2.5 0.2 7.7 2.1 0.5 0.4 2.0 3.4 4.2 0.0 0.0 1.0 5.5 2.0 2.8 1.1 1.0 0.4 0.1 2.4 5.1 7.5 2.9 0.1 2.2 0.3 0.6 0.4 0.2 3.3 0.6 7.4 1.7 0.0 5.6 0.5 2.7 1.0 0.3 0.4 0.9 0.0 1.0 1.3 0.1 0.2 0.0 4.9 2.5 1.5 1.9 — 100.0 FY 1997-FY 2000 147 Table 33. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Unsubsidized loans, by state: FY 1997-FY 2000 (continued) Ranking in FY97-FY00 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 FY97 California New York Michigan Illinois Ohio Massachusetts Virginia Georgia New Jersey Florida Alabama Arizona Iowa Colorado Oregon Washington Missouri Tennessee Indiana Maryland Wisconsin North Carolina Minnesota Texas Kentucky West Virginia Pennsylvania Idaho District of Columbia Kansas South Carolina New Mexico Rhode Island Nebraska Oklahoma Louisiana Connecticut Delaware Nevada Vermont Montana Puerto Rico Arkansas Mississippi New Hampshire Maine Utah North Dakota South Dakota Alaska Guam Virgin Islands Hawaii Wyoming FY98 California New York Michigan Ohio Illinois Georgia Virginia Massachusetts New Jersey Florida Alabama Oregon Arizona Iowa Washington Missouri Colorado Maryland Indiana Minnesota Wisconsin North Carolina Texas Kentucky West Virginia Pennsylvania District of Columbia Tennessee Idaho Kansas New Mexico South Carolina Nebraska Oklahoma Rhode Island Connecticut Delaware Louisiana Nevada Vermont Montana Puerto Rico Arkansas Maine New Hampshire Utah Mississippi South Dakota Alaska Guam Hawaii Virgin Islands North Dakota Wyoming FY99 California New York Michigan Ohio Illinois Massachusetts Virginia Georgia Florida Alabama New Jersey Arizona Oregon Missouri Iowa Washington Colorado Maryland Indiana Wisconsin North Carolina Texas West Virginia Pennsylvania Tennessee Kansas Minnesota Kentucky Idaho District of Columbia New Mexico South Carolina Nebraska Connecticut Louisiana Oklahoma Delaware Nevada Rhode Island Vermont Montana Puerto Rico Arkansas New Hampshire Utah Maine Mississippi South Dakota Alaska Guam Hawaii Virgin Islands Wyoming — FY00 California Michigan New York Ohio Illinois Massachusetts Virginia Georgia Florida New Jersey Alabama Minnesota Iowa Oregon Washington Arizona Maryland Missouri Colorado District of Columbia Indiana Wisconsin North Carolina West Virginia Texas Kansas Kentucky Pennsylvania Idaho Tennessee South Carolina Nebraska New Mexico Connecticut Oklahoma Delaware Louisiana Rhode Island Nevada Puerto Rico Montana Vermont Arkansas New Hampshire Maine Mississippi Utah Alaska Guam South Dakota Hawaii Virgin Islands North Dakota — Guaranty agency Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming FY971 11 50 12 43 1 14 37 38 29 10 8 51 53 28 4 19 13 30 25 36 46 20 6 3 23 44 17 41 34 39 45 9 32 2 22 48 5 35 15 27 42 33 31 49 18 24 47 40 52 7 16 26 21 54 11 49 13 43 1 17 36 37 27 10 6 50 51 29 5 19 14 30 24 38 44 18 8 3 20 47 16 41 33 39 45 9 31 2 22 53 4 34 12 26 42 35 32 48 28 23 46 40 52 7 15 25 21 54 Rank FY981 FY991 10 49 12 43 1 17 34 37 30 9 8 50 51 29 5 19 15 26 28 35 46 18 6 3 27 47 14 41 33 38 44 11 31 2 21 — 4 36 13 24 42 39 32 48 25 22 45 40 52 7 16 23 20 53 FY001 11 48 16 43 1 19 34 36 20 9 8 49 51 29 5 21 13 26 27 37 45 17 6 2 12 46 18 41 32 39 44 10 33 3 23 53 4 35 14 28 40 38 31 50 30 25 47 42 52 7 15 24 22 — — Not applicable 1 The lowest rank for FY97 and FY98 was 54, while the lowest rank for FY99 and FY00 was 53. NOTES: All rankings are based on dollar amounts. Volume measure is Direct Loan commitments. State is determined by the state location of the school that a Direct Loan borrower attends. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0.0 indicates a number less than 0.05. SOURCE: U.S. Department of Education, Office of Postecondary Education, Direct Loan/Loan Origination System. 148 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 34. Federal Direct Loan Program (FDLP) loan volume commitments for Parent Loans for Undergraduate Students (PLUS) loans, by state: FY 1997-FY 2000 FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming Total FY98 Dollars ($ 000’s) $33,132 — 5,361 403 93,274 39,009 5,442 11,954 9,100 16,939 47,403 — 1,793 51,115 39,282 38,572 7,527 9,256 6,093 1,917 22,561 66,917 67,333 19,610 757 16,059 3,954 3,941 3,255 2,783 32,274 7 91,578 22,231 646 81,095 8,898 19,476 19,654 21 16,836 8,384 865 1,937 9,559 631 23,275 1 60,049 18,141 14,618 13,143 15 $1,068,076 FY99 Dollars ($ 000’s) $30,805 4 8,534 582 108,349 37,616 7,413 14,039 12,085 29,053 54,966 — 1,766 57,079 35,355 41,555 8,938 7,952 5,290 3,006 27,372 71,638 72,079 25,384 429 19,360 3,787 4,688 4,218 2,015 31,674 8 94,183 22,674 33 98,067 9,105 23,315 20,444 19 17,752 15,397 811 1,296 14,961 517 25,835 49 69,353 24,589 18,413 13,694 5 $1,197,548 FY00 Dollars ($ 000’s) $25,587 15 11,689 1,746 102,576 38,455 9,125 14,303 6,499 35,380 48,295 — 1,717 55,794 39,072 38,403 10,100 7,476 5,927 2,972 31,242 57,808 68,896 11,951 699 22,070 2,784 6,392 3,958 5,538 30,821 5 96,820 22,753 — 93,342 8,424 23,659 22,425 10 13,476 18,790 556 2,174 14,035 982 19,386 20 65,704 24,423 21,817 15,938 12 $1,162,042 Percent change Percent change FY99-FY00 FY97-FY00 Dollars ($ 000’s) Loans Loans Dollars Loans Dollars FY97 3.6 — 0.6 0.1 8.8 2.9 0.4 0.8 0.5 1.8 4.8 — 0.2 5.3 3.4 4.4 0.8 0.9 0.6 0.1 1.9 4.5 6.9 2.0 0.2 1.9 0.4 0.6 0.3 0.2 3.5 0.0 8.0 2.5 0.1 7.4 0.9 1.7 2.0 0.0 1.0 0.9 0.1 0.2 1.0 0.1 1.8 0.0 5.5 1.7 1.4 1.3 0.0 100.0 Percent share of total Dollars FY00 2.4 — 0.9 0.3 8.9 2.5 0.5 0.9 1.0 2.6 3.4 0.0 0.2 6.0 3.0 3.6 0.9 0.7 0.3 0.1 2.0 3.7 6.0 2.6 0.1 2.5 0.3 0.9 0.4 0.4 3.3 0.1 7.2 2.6 — 8.1 1.0 2.3 2.2 0.0 1.0 2.1 0.0 0.2 1.5 0.1 0.8 0.0 4.8 2.6 1.9 1.3 — 100.0 Loans 6,601 — 1,137 132 15,862 5,235 786 1,521 994 3,331 8,655 — 423 9,553 6,134 7,888 1,449 1,601 1,002 206 3,373 8,186 12,518 3,619 298 3,407 794 1,042 553 326 6,284 3 14,545 4,568 143 13,319 1,711 3,008 3,703 5 1,808 1,573 187 333 1,895 167 3,231 1 9,944 3,142 2,584 2,285 3 181,068 Loans 6,090 1 1,890 171 17,739 4,925 1,052 1,733 1,196 4,568 9,639 — 408 10,122 5,341 8,131 1,581 1,416 755 326 3,900 8,192 13,387 4,528 187 3,989 754 1,146 737 226 6,072 2 14,499 4,513 7 15,441 1,673 3,615 3,889 6 1,891 2,509 229 322 2,752 137 3,423 9 10,201 3,796 3,126 2,292 1 194,535 Loans 5,232 2 2,553 438 16,585 4,887 1,343 1,828 687 5,487 7,958 — 377 9,558 5,725 7,470 1,784 1,273 798 330 4,166 6,805 12,193 2,182 297 4,392 550 1,453 684 765 5,691 5 14,389 4,550 — 14,403 1,710 3,706 4,275 3 1,452 3,275 145 480 2,670 230 2,532 5 9,833 3,825 3,722 2,415 3 187,121 Loans 5,039 — 1,919 590 18,579 5,306 1,014 1,883 2,038 5,444 7,165 1 390 12,507 6,182 7,553 1,930 1,444 569 269 4,081 7,672 12,572 5,316 264 5,237 544 1,824 818 866 6,783 205 15,024 5,411 — 16,894 1,990 4,736 4,537 7 2,068 4,278 68 515 3,121 178 1,676 12 9,968 5,323 3,891 2,708 — 208,409 FY98 3.1 0.0 1.0 0.1 9.1 2.5 0.5 0.9 0.6 2.3 5.0 — 0.2 5.2 2.7 4.2 0.8 0.7 0.4 0.2 2.0 4.2 6.9 2.3 0.1 2.1 0.4 0.6 0.4 0.1 3.1 0.0 7.5 2.3 0.0 7.9 0.9 1.9 2.0 0.0 1.0 1.3 0.1 0.2 1.4 0.1 1.8 0.0 5.2 2.0 1.6 1.2 0.0 100.0 FY99 2.8 0.0 1.4 0.2 8.9 2.6 0.7 1.0 0.4 2.9 4.3 — 0.2 5.1 3.1 4.0 1.0 0.7 0.4 0.2 2.2 3.6 6.5 1.2 0.2 2.3 0.3 0.8 0.4 0.4 3.0 0.0 7.7 2.4 — 7.7 0.9 2.0 2.3 0.0 0.8 1.8 0.1 0.3 1.4 0.1 1.4 0.0 5.3 2.0 2.0 1.3 0.0 100.0 FY97 3.1 — 0.5 0.0 8.7 3.7 0.5 1.1 0.9 1.6 4.4 — 0.2 4.8 3.7 3.6 0.7 0.9 0.6 0.2 2.1 6.3 6.3 1.8 0.1 1.5 0.4 0.4 0.3 0.3 3.0 0.0 8.6 2.1 0.1 7.6 0.8 1.8 1.8 0.0 1.6 0.8 0.1 0.2 0.9 0.1 2.2 0.0 5.6 1.7 1.4 1.2 0.0 100.0 FY98 2.6 0.0 0.7 0.0 9.0 3.1 0.6 1.2 1.0 2.4 4.6 — 0.1 4.8 3.0 3.5 0.7 0.7 0.4 0.3 2.3 6.0 6.0 2.1 0.0 1.6 0.3 0.4 0.4 0.2 2.6 0.0 7.9 1.9 0.0 8.2 0.8 1.9 1.7 0.0 1.5 1.3 0.1 0.1 1.2 0.0 2.2 0.0 5.8 2.1 1.5 1.1 0.0 100.0 FY99 2.2 0.0 1.0 0.2 8.8 3.3 0.8 1.2 0.6 3.0 4.2 — 0.1 4.8 3.4 3.3 0.9 0.6 0.5 0.3 2.7 5.0 5.9 1.0 0.1 1.9 0.2 0.6 0.3 0.5 2.7 0.0 8.3 2.0 — 8.0 0.7 2.0 1.9 0.0 1.2 1.6 0.0 0.2 1.2 0.1 1.7 0.0 5.7 2.1 1.9 1.4 0.0 100.0 FY00 2.0 — 0.7 0.2 9.1 3.3 0.5 1.1 1.6 2.6 3.6 0.0 0.1 5.7 3.2 3.1 0.8 0.7 0.3 0.2 2.1 5.3 5.2 2.4 0.0 1.9 0.2 0.6 0.4 0.5 2.8 0.1 7.7 2.2 — 8.6 0.8 2.2 1.8 0.0 1.5 1.7 0.0 0.2 1.3 0.1 0.9 0.0 5.2 2.5 1.7 1.3 — 100.0 $27,988 -3.7 9.4 -23.7 -15.5 — — — — — 9,488 -24.8 -18.8 68.8 77.0 2,324 34.7 33.1 347.0 476.2 126,261 12.0 23.1 17.1 35.4 45,449 8.6 18.2 1.4 16.5 7,397 -24.5 -18.9 29.0 35.9 15,713 3.0 9.9 23.8 31.4 21,737 196.7 234.5 105.0 138.9 36,527 -0.8 3.2 63.4 115.6 50,412 -10.0 4.4 -17.2 6.3 5 — — — — 1,962 3.4 14.2 -7.8 9.4 79,680 30.9 42.8 30.9 55.9 44,547 8.0 14.0 0.8 13.4 43,320 1.1 12.8 -4.2 12.3 11,302 8.2 11.9 33.2 50.2 9,295 13.4 24.3 -9.8 0.4 4,154 -28.7 -29.9 -43.2 -31.8 2,172 -18.5 -26.9 30.6 13.3 28,744 -2.0 -8.0 21.0 27.4 73,535 12.7 27.2 -6.3 9.9 72,699 3.1 5.5 0.4 8.0 33,620 143.6 181.3 46.9 71.4 688 -11.1 -1.6 -11.4 -9.2 26,947 19.2 22.1 53.7 67.8 3,053 -1.1 9.7 -31.5 -22.8 8,598 25.5 34.5 75.0 118.2 4,967 19.6 25.5 47.9 52.6 6,833 13.2 23.4 165.6 145.5 39,095 19.2 26.8 7.9 21.1 974 4000.0 21528.2 6733.3 12969.8 106,861 4.4 10.4 3.3 16.7 31,034 18.9 36.4 18.5 39.6 — — — — — 119,433 17.3 28.0 26.8 47.3 11,208 16.4 33.0 16.3 26.0 31,195 27.8 31.9 57.4 60.2 25,503 6.1 13.7 22.5 29.8 20 133.3 89.0 40.0 -6.0 20,417 42.4 51.5 14.4 21.3 24,196 30.6 28.8 172.0 188.6 251 -53.1 -54.8 -63.6 -70.9 2,328 7.3 7.1 54.7 20.2 18,019 16.9 28.4 64.7 88.5 925 -22.6 -5.8 6.6 46.6 12,984 -33.8 -33.0 -48.1 -44.2 51 140.0 157.3 1100.0 3749.5 72,067 1.4 9.7 0.2 20.0 34,812 39.2 42.5 69.4 91.9 23,664 4.5 8.5 50.6 61.9 18,247 12.1 14.5 18.5 38.8 — — — — — $1,392,701 11.4 19.8 15.1 30.4 FY 1997-FY 2000 149 Table 34. Federal Direct Loan Program (FDLP) loan volume commitments for PLUS loans, by state: FY 1997-FY 2000 (continued) Ranking in FY97-FY00 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 FY97 California New York Ohio Michigan Massachusetts Virginia Illinois Georgia Indiana Colorado Iowa Alabama New Jersey Vermont Maryland North Carolina Pennsylvania Minnesota Oregon Washington Florida Rhode Island Missouri West Virginia Wisconsin Delaware Texas Kentucky District of Columbia Oklahoma South Carolina Kansas Louisiana Connecticut Arizona Montana Nebraska Nevada New Hampshire Tennessee Maine Idaho South Dakota Mississippi North Dakota Utah Arkansas Puerto Rico Wyoming New Mexico Virgin Islands — — FY98 California Ohio New York Michigan Massachusetts Virginia Illinois Georgia Iowa Colorado Indiana New Jersey Alabama Florida Maryland Vermont Minnesota Washington Oregon North Carolina Pennsylvania Missouri West Virginia Rhode Island South Carolina Texas Delaware Wisconsin District of Columbia Oklahoma Kansas Arizona Kentucky Connecticut Louisiana Nebraska Nevada Montana Maine New Hampshire Idaho Tennessee South Dakota Arkansas Utah Mississippi Virgin Islands North Dakota Puerto Rico New Mexico Wyoming Alaska — FY99 California New York Ohio Michigan Virginia Massachusetts Illinois Georgia Indiana Colorado Iowa Florida Maryland New Jersey Alabama Washington Oregon North Carolina Pennsylvania Missouri West Virginia Vermont South Carolina Wisconsin Delaware Texas Rhode Island Minnesota Arizona Kansas Connecticut Oklahoma Kentucky District of Columbia Nebraska Louisiana New Hampshire Nevada Maine Montana Tennessee Arkansas Idaho Utah Mississippi South Dakota Virgin Islands Alaska Wyoming Puerto Rico New Mexico — — FY00 California Ohio New York Illinois Massachusetts Michigan Virginia Georgia Colorado Indiana Iowa New Jersey Florida Washington Minnesota Oregon North Carolina Maryland Alabama Missouri Pennsylvania South Carolina West Virginia District of Columbia Rhode Island Wisconsin Texas Delaware Vermont Kansas Oklahoma Arizona Kentucky Nebraska Connecticut New Hampshire Nevada Louisiana Montana Tennessee Arkansas Maine Idaho New Mexico Utah Mississippi South Dakota Virgin Islands Puerto Rico Hawaii — — — Guaranty agency Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming FY971 12 — 35 47 1 10 34 26 29 21 8 — 42 7 9 11 32 28 33 41 15 5 4 18 44 23 36 37 38 39 13 50 2 16 45 3 30 19 17 48 22 31 43 40 27 46 14 51 6 20 24 25 49 13 52 32 44 1 10 34 27 29 14 8 — 41 7 11 9 31 33 35 39 15 5 4 17 46 22 38 36 37 40 12 50 3 20 48 2 30 19 21 49 24 25 43 42 26 45 16 47 6 18 23 28 51 Rank FY981 FY991 15 48 29 42 1 10 31 25 34 12 8 — 43 7 9 11 30 33 36 39 13 6 4 28 45 20 40 35 38 37 14 51 2 18 — 3 32 17 19 50 27 23 46 41 26 44 22 47 5 16 21 24 49 FY001 19 — 32 41 1 9 35 28 24 13 8 50 43 4 10 11 30 33 38 42 18 5 6 15 46 20 39 34 37 36 12 44 3 17 — 2 31 16 21 49 25 22 47 40 27 45 29 48 7 14 23 26 — — Not applicable. 1 The lowest rank for FY97 and FY99 was 51, while the lowest rank for FY98 was 52, and the lowest rank for FY00 was 50. NOTES: All rankings are based on dollar amounts. Volume measure is Direct Loan commitments. State is determined by the state location of the school that a Direct Loan borrower attends. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0.0 indicates a number less than 0.05. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. 150 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 35. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by state: FY 1997-FY 2000 FY97 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming Total FY98 Dollars ($ 000’s) $314,228 2,365 240,922 22,527 1,004,523 258,166 42,564 47,204 99,624 284,856 455,752 1,344 378 115,756 620,001 237,369 322,109 111,104 154,446 49,833 13,058 199,663 588,997 718,653 180,275 20,914 244,374 34,117 60,376 33,588 10,356 347,927 63,366 913,125 200,099 4,463 637,381 59,233 248,532 122,490 106,937 94,239 85,524 5,181 216,620 155,514 6,403 66,051 1,651 516,325 251,104 154,441 171,628 70 FY99 Dollars ($ 000’s) $310,806 3,088 248,399 27,051 1,061,136 246,858 52,570 52,232 118,830 317,027 525,620 1,790 715 113,874 611,965 232,776 325,103 116,849 145,764 44,477 22,505 220,607 547,443 727,820 200,124 18,276 253,491 33,398 61,180 38,686 9,421 350,634 74,731 910,182 192,638 244 684,565 61,613 263,598 138,650 102,474 82,306 91,571 7,665 121,350 156,640 6,866 71,622 1,084 519,857 264,636 161,177 171,220 47 FY00 Dollars ($ 000’s) $325,100 3,924 264,139 26,992 1,000,578 244,520 59,489 53,267 91,774 343,941 447,584 3,036 893 106,793 594,313 233,487 307,649 128,092 113,261 51,371 18,947 220,977 522,725 729,910 116,800 27,242 252,177 31,092 63,523 39,678 24,224 322,175 70,420 886,583 194,035 — 635,707 53,587 267,955 131,151 87,450 70,510 95,183 6,745 118,103 157,719 10,543 54,102 1,073 480,548 243,799 177,347 191,004 117 Percent change Percent change FY99-FY00 FY97-FY00 Dollars ($ 000’s) 336,496 3,707 249,580 27,386 1,035,021 241,249 54,957 54,877 192,898 380,194 466,641 4,486 837 110,732 672,818 249,102 345,752 135,469 113,843 45,693 19,715 270,757 576,720 792,225 323,803 21,645 238,962 32,884 70,269 44,362 26,916 389,512 68,203 944,141 210,757 7 724,189 61,068 297,409 128,359 108,592 88,073 127,340 3,620 103,896 159,018 8,191 39,506 1,069 552,529 282,719 191,888 203,354 — Percent share of total Loans Dollars FY00 3.0 0.0 2.2 0.3 8.5 1.6 0.6 0.4 0.9 3.5 4.0 0.0 0.0 1.1 5.7 2.2 3.4 1.3 1.2 0.4 0.2 2.1 4.0 7.0 2.8 0.2 2.2 0.3 0.7 0.4 0.3 3.2 0.5 7.7 2.0 0.0 6.1 0.5 2.3 1.3 1.0 0.6 1.2 0.1 1.0 1.5 0.1 0.3 0.0 4.2 2.2 1.8 1.8 — 100.0 Loans 90,246 876 64,304 7,988 263,625 59,133 13,807 12,310 16,397 84,503 133,707 401 201 35,187 169,238 67,735 104,279 35,000 52,610 12,524 4,425 49,691 132,806 214,638 52,581 9,767 70,000 11,660 20,761 9,930 2,457 97,125 16,810 237,400 60,858 1,429 178,594 17,030 63,739 38,510 31,788 20,102 26,826 2,079 40,384 46,645 2,199 16,444 540 130,102 67,023 46,803 52,865 26 2,998,108 Loans 87,912 1,108 70,371 9,989 281,446 57,073 16,523 13,364 20,406 91,020 151,268 549 368 36,141 167,697 67,274 105,431 37,205 49,469 11,087 7,767 54,293 119,397 220,212 57,184 7,796 72,225 11,643 20,699 11,359 2,320 99,243 18,961 239,834 58,372 86 192,833 17,390 66,598 42,301 31,552 18,187 28,027 3,065 37,949 46,696 2,487 17,721 369 128,477 66,618 47,786 52,740 24 3,077,912 Loans 94,591 1,367 75,308 9,141 262,687 54,319 18,960 14,040 16,654 97,150 122,858 896 400 33,490 162,544 67,104 100,390 38,652 39,140 12,112 6,812 55,400 118,409 210,666 38,436 9,879 69,971 10,435 20,783 11,408 6,909 87,650 17,923 232,468 59,493 — 177,423 15,871 69,488 41,217 26,457 16,067 29,880 2,786 37,295 48,111 3,793 13,373 482 119,211 68,075 52,560 56,901 35 2,957,470 Loans 90,625 1,280 66,765 8,821 261,440 48,742 17,253 13,114 28,007 106,264 121,886 1,208 386 32,818 174,382 68,367 105,107 39,010 37,261 11,540 6,535 65,765 123,554 215,447 84,463 6,951 67,820 9,881 21,423 11,797 7,853 99,618 16,266 236,063 61,005 2 187,032 16,479 71,016 38,378 31,232 18,763 36,600 1,582 30,268 46,378 2,651 10,235 422 129,776 66,190 53,757 56,103 — 3,065,581 Loans Dollars Loans Dollars -4.2 -6.4 -11.3 -3.5 -0.5 -10.3 -9.0 -6.6 68.2 9.4 -0.8 34.8 -3.5 -2.0 7.3 1.9 4.7 0.9 -4.8 -4.7 -4.1 18.7 4.3 2.3 119.7 -29.6 -3.1 -5.3 3.1 3.4 13.7 13.7 -9.2 1.5 2.5 — 5.4 3.8 2.2 -6.9 18.0 16.8 22.5 -43.2 -18.8 -3.6 -30.1 -23.5 -12.4 8.9 -2.8 2.3 -1.4 — 3.7 3.5 0.4 7.1 -5.5 46.1 56.8 -5.5 3.8 3.6 1.5 10.4 21.6 3.4 -0.8 3.0 -1.3 -17.6 -6.6 -7.6 25.0 29.1 3.0 6.5 16.3 110.2 70.8 93.6 10.5 25.8 33.5 4.3 -8.8 2.4 47.8 201.2 233.7 -6.2 92.0 121.3 3.7 -6.7 -4.3 13.2 3.0 8.5 6.7 0.9 4.9 12.4 0.8 7.3 5.8 11.5 21.9 0.5 -29.2 -26.3 -11.1 -7.9 -8.3 4.1 47.7 51.0 22.5 32.3 35.6 10.3 -7.0 -2.1 8.5 0.4 10.2 177.2 60.6 79.6 -20.5 -28.8 3.5 -5.2 -3.1 -2.2 5.8 -15.3 -3.6 10.6 3.2 16.4 11.8 18.8 32.1 11.1 219.6 159.9 20.9 2.6 12.0 -3.1 -3.2 7.6 6.5 -0.6 3.4 8.6 0.2 5.3 — —99.9 —99.9 13.9 4.7 13.6 14.0 -3.2 3.1 11.0 11.4 19.7 -2.1 -0.3 4.8 24.2 -1.7 1.5 24.9 -6.7 -6.5 33.8 36.4 48.9 -46.3 -23.9 -30.1 -12.0 -25.0 -52.0 0.8 -0.6 2.3 -22.3 20.6 27.9 -27.0 -37.8 -40.2 -0.3 -21.9 -35.2 15.0 -0.3 7.0 16.0 -1.2 12.6 8.2 14.9 24.2 6.5 6.1 18.5 — — — 10.6 2.3 8.4 FY97 3.0 0.0 2.1 0.3 8.8 2.0 0.5 0.4 0.5 2.8 4.5 0.0 0.0 1.2 5.6 2.3 3.5 1.2 1.8 0.4 0.1 1.7 4.4 7.2 1.8 0.3 2.3 0.4 0.7 0.3 0.1 3.2 0.6 7.9 2.0 0.0 6.0 0.6 2.1 1.3 1.1 0.7 0.9 0.1 1.3 1.6 0.1 0.5 0.0 4.3 2.2 1.6 1.8 0.0 100.0 FY98 2.9 0.0 2.3 0.3 9.1 1.9 0.5 0.4 0.7 3.0 4.9 0.0 0.0 1.2 5.4 2.2 3.4 1.2 1.6 0.4 0.3 1.8 3.9 7.2 1.9 0.3 2.3 0.4 0.7 0.4 0.1 3.2 0.6 7.8 1.9 0.0 6.3 0.6 2.2 1.4 1.0 0.6 0.9 0.1 1.2 1.5 0.1 0.6 0.0 4.2 2.2 1.6 1.7 0.0 100.0 FY99 3.2 0.0 2.5 0.3 8.9 1.8 0.6 0.5 0.6 3.3 4.2 0.0 0.0 1.1 5.5 2.3 3.4 1.3 1.3 0.4 0.2 1.9 4.0 7.1 1.3 0.3 2.4 0.4 0.7 0.4 0.2 3.0 0.6 7.9 2.0 — 6.0 0.5 2.3 1.4 0.9 0.5 1.0 0.1 1.3 1.6 0.1 0.5 0.0 4.0 2.3 1.8 1.9 0.0 100.0 FY97 2.9 0.0 2.2 0.2 9.2 2.4 0.4 0.4 0.9 2.6 4.2 0.0 0.0 1.1 5.7 2.2 3.0 1.0 1.4 0.5 0.1 1.8 5.4 6.6 1.7 0.2 2.2 0.3 0.6 0.3 0.1 3.2 0.6 8.4 1.8 0.0 5.8 0.5 2.3 1.1 1.0 0.9 0.8 0.0 2.0 1.4 0.1 0.6 0.0 4.7 2.3 1.4 1.6 0.0 100.0 FY98 2.8 0.0 2.2 0.2 9.5 2.2 0.5 0.5 1.1 2.8 4.7 0.0 0.0 1.0 5.5 2.1 2.9 1.1 1.3 0.4 0.2 2.0 4.9 6.5 1.8 0.2 2.3 0.3 0.5 0.3 0.1 3.2 0.7 8.2 1.7 0.0 6.2 0.6 2.4 1.2 0.9 0.7 0.8 0.1 1.1 1.4 0.1 0.6 0.0 4.7 2.4 1.4 1.5 0.0 100.0 FY99 3.0 0.0 2.5 0.3 9.3 2.3 0.6 0.5 0.9 3.2 4.2 0.0 0.0 1.0 5.6 2.2 2.9 1.2 1.1 0.5 0.2 2.1 4.9 6.8 1.1 0.3 2.4 0.3 0.6 0.4 0.2 3.0 0.7 8.3 1.8 — 5.9 0.5 2.5 1.2 0.8 0.7 0.9 0.1 1.1 1.5 0.1 0.5 0.0 4.5 2.3 1.7 1.8 0.0 100.0 FY00 2.8 0.0 2.1 0.2 8.7 2.0 0.5 0.5 1.6 3.2 3.9 0.0 0.0 0.9 5.7 2.1 2.9 1.1 1.0 0.4 0.2 2.3 4.9 6.7 2.7 0.2 2.0 0.3 0.6 0.4 0.2 3.3 0.6 8.0 1.8 0.0 6.1 0.5 2.5 1.1 0.9 0.7 1.1 0.0 0.9 1.3 0.1 0.3 0.0 4.7 2.4 1.6 1.7 — 100.0 FY 1997-FY 2000 151 $10,917,748 $11,125,252 $10,703,352 $11,833,438 Table 35. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and PLUS loans, by state: FY 1997-FY 2000 (continued) Ranking in FY97-FY00 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 FY97 California New York Michigan Ohio Illinois Massachusetts Virginia Georgia New Jersey Iowa Alabama Florida Colorado Washington Oregon Missouri Arizona Indiana Tennessee North Carolina Maryland Minnesota Wisconsin Texas Kentucky West Virginia Pennsylvania Idaho Kansas Puerto Rico District of Columbia Rhode Island South Carolina Vermont New Mexico Nebraska Oklahoma Louisiana Delaware Connecticut Montana Nevada Arkansas Mississippi Maine New Hampshire Utah South Dakota North Dakota Alaska Virgin Islands Guam Hawaii Wyoming FY98 California New York Michigan Ohio Illinois Massachusetts Georgia Virginia New Jersey Iowa Florida Alabama Washington Oregon Missouri Arizona Colorado Indiana Maryland Minnesota North Carolina Wisconsin West Virginia Texas Kentucky Pennsylvania Tennessee District of Columbia Kansas Idaho Puerto Rico South Carolina Rhode Island New Mexico Vermont Oklahoma Nebraska Connecticut Delaware Louisiana Nevada Montana Arkansas Maine Mississippi New Hampshire South Dakota Utah Alaska Guam Virgin Islands Hawaii North Dakota Wyoming FY99 California New York Michigan Ohio Illinois Massachusetts Virginia Georgia Florida Alabama New Jersey Iowa Oregon Arizona Missouri Colorado Washington Indiana Maryland North Carolina Wisconsin West Virginia Texas Pennsylvania Kansas Tennessee Minnesota Kentucky Idaho South Carolina District of Columbia Puerto Rico Rhode Island New Mexico Nebraska Connecticut Vermont Oklahoma Delaware Louisiana Nevada Montana Mississippi Arkansas New Hampshire Maine Utah South Dakota Alaska Guam Virgin Islands Hawaii Wyoming — FY00 California New York Michigan Ohio Illinois Massachusetts Virginia Georgia New Jersey Florida Iowa Alabama Minnesota Oregon Washington Maryland Arizona Indiana Colorado Missouri North Carolina Wisconsin District of Columbia West Virginia Texas Kansas Pennsylvania South Carolina Kentucky Idaho Puerto Rico Tennessee Rhode Island Nebraska New Mexico Oklahoma Connecticut Delaware Louisiana Nevada Vermont Montana Arkansas New Hampshire Mississippi Maine Utah Guam Alaska South Dakota Virgin Islands Hawaii North Dakota — Guaranty agency Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming FY971 11 50 17 43 1 13 40 39 31 12 8 52 53 28 5 18 10 29 25 38 45 21 6 3 22 44 16 41 36 42 46 9 35 2 20 49 4 37 15 27 30 32 33 48 19 24 47 34 51 7 14 26 23 54 12 49 16 43 1 17 38 39 28 11 7 50 52 30 5 18 10 29 25 40 44 19 6 3 20 45 15 42 37 41 46 9 34 2 21 53 4 36 14 26 31 33 32 47 27 24 48 35 51 8 13 23 22 54 Rank FY981 FY991 10 49 14 44 1 16 36 39 31 9 8 50 52 29 5 18 12 25 28 40 46 19 6 3 27 43 15 42 35 41 45 11 34 2 20 — 4 38 13 24 32 33 30 48 26 23 47 37 51 7 17 22 21 53 FY001 12 49 17 43 1 19 37 38 23 10 8 48 52 30 5 18 11 26 29 39 46 16 6 3 13 45 20 42 34 40 44 9 35 2 21 53 4 36 14 27 31 33 28 50 32 25 47 41 51 7 15 24 22 — — Not applicable. 1 The lowest rank for FY97 and FY98 was 54, while the lowest rank for FY99 and FY00 was 53. NOTES: All rankings are based on dollar amounts. Volume measure is Direct Loan commitments. State is determined by the state location of the school that a Direct Loan borrower attends. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0.0 indicates a number less than 0.05. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. 152 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 20. Federal Direct Loan Program (FDLP) loan volume commitments, by loan program type: FY 1997-FY 2000 Number of loans 3,500 2,998 3,078 2,957 3,066 3,000 2,500 FY97 Loans (in 000’s) 2,000 FY98 1,792 1,803 1,691 1,709 FY99 FY00 1,025 1,081 1,079 1,148 1,500 1,000 Loan Volume Commitments 500 181 195 187 208 0 Stafford Subsidized Stafford Unsubsidized Loan program type PLUS FFEL total SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. Dollar amount $14,000 12,000 $11,833 $11,125 $10,918 $10,703 10,000 Dollars (in 000,000’s) FY97 8,000 $6,233 $6,141 FY98 FY99 $5,686 $6,033 6,000 FY00 $4,408 4,000 $3,855 $3,617 $3,787 2,000 $1,068 $1,198 $1,162 $1,393 0 Stafford Subsidized Stafford Unsubsidized Loan program type SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. PLUS FFEL total Federal Student Loan Programs Data Book I FY 1997-FY 2000 153 Table 36. Federal Direct Loan Program (FDLP) annual and cumulative Consolidation volume: FY 1995-FY 2000 This table displays annual and cumulative totals of the Direct Consolidation loan volume, percent change from prior year, and average loan. I The Consolidation loan volume in the FDLP program increased substantially from $342 million in FY 1995 to $8.0 billion in FY 1999. However, in FY 2000, the Consolidation loan volume fell dramatically to $4.5 billion. This drop was primarily due to a reduction in borrowers from 406,000 in FY 1999 to 231,000 in FY 2000. The average Consolidation loan amount fluctuated from FY 1995 to FY 2000. In FY 1995 the average FDLP Consolidation loan was $24,429. This figure dropped to $13,000 in FY 1996 and grew to $23,019 in FY 1998. In FY 1999 and FY 2000 the average FDLP Consolidation loan held steady at about $19,500. I Table 36. Federal Direct Loan Program (FDLP) annual and cumulative Consolidation volume: FY 1995-FY 2000 Annual loan volume Fiscal year FY95 FY96 FY97 FY98 FY99 FY00 — Not applicable. NOTE: Amounts are based on actual disbursements booked to the servicing system. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. Percent change from prior FY Borrowers — 485.7% 9.8 17.8 283.0 -43.1 Dollars — 211.7% 28.0 78.8 227.6 -43.8 Average loan Dollars $24,429 13,000 15,167 23,019 19,690 19,459 Cumulative loan volume Borrowers (in 000’s) 14 96 186 292 698 929 Dollars (in 000,000’s) $342 1,408 2,773 5,213 13,207 17,702 Borrowers (in 000’s) 14 82 90 106 406 231 Dollars (in 000,000’s) $342 1,066 1,365 2,440 7,994 4,495 154 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Tables 37-40. Combinations of Federal Family Education Loan (FFEL) program participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 1997FY 2000 These tables report the distribution of FFEL program borrowers and dollars disbursed, by type of institution, through various loan program combinations. The number of borrowers and dollar amounts of each loan combination is presented in addition to the percentage that each loan combination represents of the total FFEL loan volume disbursed to students at the various types of institutions. (See also figure 21 which follows tables 37-40.) I During FY 1997-FY 2000, the majority of borrowers had either a Stafford Subsidized loan only or a combination of Stafford Subsidized and Unsubsidized loans. In FY 1997, 44.3 percent of borrowers had a Stafford Subsidized loan only, while 36.9 percent had the Stafford (Subsidized and Unsubsidized) loan combination (see total column on table 37). By FY 2000, the percent of borrowers with a Stafford Subsidized loan only decreased to 36.9 percent, while the percent of borrowers with the Stafford (Subsidized and Unsubsidized) loan combination increased to 40.6 percent (see total column on table 40). In FY 1997-FY 2000, the largest proportion of FFEL program dollars was borrowed through the Stafford (Subsidized and Unsubsidized) loan combination across all types of institutions. The proportion of all FFEL program dollars borrowed through the Stafford (Subsidized and Unsubsidized) combination grew slightly each year. During FY 1997-FY 2000, the proportion was 54.5, 55.1, 56.0, and 57.4 percent, respectively (see total columns on tables 37-40). Borrowers at private 2-year, proprietary, and foreign institutions were more likely to have the Stafford (Subsidized and Unsubsidized) loan combination than borrowers at other institutions. For example, in FY 2000, 49 percent of borrowers at private 2-year institutions, 64.1 percent of borrowers at proprietary institutions, and 82.7 percent of borrowers at foreign institutions had this combination. In contrast, onethird of borrowers at public 2- and 4-year institutions and 39.8 percent of borrowers at private 4-year institutions had Stafford Subsidized and Unsubsidized loans (see table 40). Between FY 1997 and FY 2000, more than 90 percent of FFEL dollars at foreign institutions were borrowed through the Stafford (Subsidized and Unsubsidized) loan combination. This percentage was considerably higher than at other institutions. For example, during this time, approximately 66 percent of FFEL dollars at proprietary institutions and nearly 60 percent of FFEL dollars at private 2- and 4-year institutions were borrowed through this combination (see tables 37-40). Loan Volume Commitments I I I Federal Student Loan Programs Data Book I FY 1997-FY 2000 155 156 Federal Student Loan Programs Data Book I Table 37. Combinations of Federal Family Education Loan (FFEL) program participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 1997 Total FY97 FFEL Program Combinations Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS Total Number of borrowers 1,339,282 315,072 51,674 1,114,593 136,539 35,436 30,845 3,023,441 % 44.3 10.4 1.7 36.9 4.5 1.2 1.0 100.0 Dollars ($ 000’s) $5,212,981 1,393,747 431,821 11,056,540 1,434,260 397,631 370,940 20,297,920 % 25.7 6.9 2.1 54.5 7.1 2.0 1.8 100.0 Number of borrowers 578,176 148,264 16,754 368,271 30,666 16,993 12,490 1,171,614 Public 4-year % 49.3 12.7 1.4 31.4 2.6 1.5 1.1 100.0 Dollars ($ 000’s) $2,373,515 645,732 109,687 3,368,966 286,079 170,120 131,467 7,085,567 % 33.5 9.1 1.5 47.5 4.0 2.4 1.9 100.0 Number of borrowers 462,871 98,936 25,610 408,047 69,532 13,459 13,476 1,091,931 Private 4-year % 42.4 9.1 2.3 37.4 6.4 1.2 1.2 100.0 Dollars ($ 000’s) $2,048,973 525,489 267,803 5,443,071 841,286 186,591 192,046 9,505,259 Foreign % 11.7 3.9 2.1 66.2 12.9 1.4 1.8 100.0 Number of borrowers 1,470 318 47 8,689 115 30 34 10,703 % 13.7 3.0 0.4 81.2 1.1 0.3 0.3 100.0 Dollars ($ 000’s) $10,326 3,124 606 177,965 1,678 408 642 194,750 % 5.3 1.6 0.3 91.4 0.9 0.2 0.3 100.0 % 21.6 5.5 2.8 57.3 8.9 2.0 2.0 100.0 Number of borrowers 196,295 46,069 1,575 110,235 2,575 1,128 1,001 358,878 Public 2-year % 54.7 12.8 0.4 30.7 0.7 0.3 0.3 100.0 Dollars ($ 000’s) $495,979 126,231 6,434 573,593 16,271 7,123 6,070 1,231,702 % 40.3 10.2 0.5 46.6 1.3 0.6 0.5 100.0 Private 2-year FY97 FFEL Program Combinations Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS Total Number of borrowers 14,296 3,266 592 17,612 2,447 515 430 39,158 % 36.5 8.3 1.5 45.0 6.2 1.3 1.1 100.0 Dollars ($ 000’s) $39,779 11,383 3,614 112,241 20,620 4,198 3,953 195,788 % 20.3 5.8 1.8 57.3 10.5 2.1 2.0 100.0 Number of borrowers 86,174 18,219 7,096 201,739 31,204 3,311 3,414 351,157 % Proprietary Dollars ($ 000’s) $244,409 81,787 43,677 1,380,705 268,325 29,191 36,761 2,084,855 24.5 5.2 2.0 57.4 8.9 0.9 1.0 100.0 NOTES: Canceled loans were removed from the counts presented here; therefore totals will not match the volume presented in other tables that include cancellations. In order to compare participation among PLUS, Stafford Subsidized, and Stafford Unsubsidized loan programs, parent borrowers are linked to the student and only one borrower is counted. For example, if a parent obtained a PLUS loan for their dependent student and the student received no other loans, then the student—and only the student—is counted in the PLUS only category. If a parent obtained a PLUS loan for their dependent student and the student received a Subsidized Stafford loan, then the student—and only the student—is counted in the PLUS and Stafford Subsidized category. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 38. Combinations of Federal Family Education Loan (FFEL) program participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 1998 Total FY98 FFEL Program Combinations Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS Total Number of borrowers 1,302,274 341,462 52,729 1,161,073 144,388 40,642 33,381 3,075,949 % 42.3 11.1 1.7 37.7 4.7 1.3 1.1 100.0 Dollars ($ 000’s) $5,055,057 1,538,101 455,503 11,633,596 1,552,393 464,875 405,818 21,105,344 % 24.0 7.3 2.2 55.1 7.4 2.2 1.9 100.0 Number of borrowers 558,878 159,423 18,542 379,207 32,880 19,616 14,014 1,182,560 Public 4-year % 47.3 13.5 1.6 32.1 2.8 1.7 1.2 100.0 Dollars ($ 000’s) $2,284,091 704,431 128,150 3,509,576 317,431 201,689 151,218 7,296,586 % 31.3 9.7 1.8 48.1 4.4 2.8 2.1 100.0 Number of borrowers 459,622 108,355 24,988 425,560 70,731 14,981 13,998 1,118,235 Private 4-year % 41.1 9.7 2.2 38.1 6.3 1.3 1.3 100.0 Dollars ($ 000’s) $2,017,379 584,450 270,356 5,735,855 873,472 211,144 201,245 9,893,902 Foreign % 10.1 4.2 1.9 66.3 14.1 1.6 1.8 100.0 Number of borrowers 1,490 399 66 9,293 129 26 37 11,440 % 13.0 3.5 0.6 81.2 1.1 0.2 0.3 100.0 Dollars ($ 000’s) $10,065 3,691 838 186,230 1,888 341 682 203,734 % 4.9 1.8 0.4 91.4 0.9 0.2 0.3 100.0 % 20.4 5.9 2.7 58.0 8.8 2.1 2.0 100.0 Number of borrowers 189,990 50,877 1,758 114,791 2,755 1,436 1,126 362,733 Public 2-year % 52.4 14.0 0.5 31.6 0.8 0.4 0.3 100.0 Dollars ($ 000’s) $479,720 140,391 7,441 594,947 18,011 9,378 6,700 1,256,586 % 38.2 11. 0.6 47.3 1.4 0.7 0.5 100.0 Private 2-year FY98 FFEL Program Combinations Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS Total Number of borrowers 12,543 3,021 625 16,205 2,428 555 414 35,791 % 35.0 8.4 1.7 45.3 6.8 1.6 1.2 100.0 Dollars ($ 000’s) $34,861 10,776 4,461 101,510 21,694 4,946 4,061 182,308 % 19.1 5.9 2.4 55.7 11.9 2.7 2.2 100.0 Number of borrowers 79,751 19,387 6,750 216,017 35,465 4,028 3,792 365,190 % Proprietary Dollars ($ 000’s) $228,942 94,363 44,258 1,505,479 319,897 37,377 41,913 2,272,228 FY 1997-FY 2000 21.8 5.3 1.8 59.2 9.7 1.1 1.0 100.0 NOTES: Canceled loans were removed from the counts presented here; therefore totals will not match the volume presented in other tables that include cancellations. In order to compare participation among PLUS, Stafford Subsidized, and Stafford Unsubsidized loan programs, parent borrowers are linked to the student and only one borrower is counted. For example, if a parent obtained a PLUS loan for their dependent student and the student received no other loans, then the student—and only the student—is counted in the PLUS only category. If a parent obtained a PLUS loan for their dependent student and the student received a Subsidized Stafford loan, then the student—and only the student—is counted in the PLUS and Stafford Subsidized category. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 157 158 Federal Student Loan Programs Data Book I Table 39. Combinations of Federal Family Education Loan (FFEL) program participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 1999 Total FY99 FFEL Program Combinations Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS only Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS Total Number of borrowers 1,230,401 382,968 57,976 1,192,861 141,994 47,840 34,176 3,088,216 % 39.8 12.4 1.9 38.6 4.6 1.5 1.1 100.0 Dollars ($ 000’s) $4,737,869 1,781,000 523,328 12,207,299 1,567,374 559,448 423,348 21,799,666 % 21.7 8.2 2.4 56.0 7.2 2.6 1.9 100.0 Number of borrowers 531,352 182,109 20,443 383,162 31,667 23,498 14,280 1,186,511 Public 4-year % 44.8 15.3 1.7 32.3 2.7 2.0 1.2 100.0 Dollars ($ 000’s) $2,141,005 814,989 147,543 3,622,261 310,896 247,550 156,593 7,440,838 % 28.8 11.0 2.0 48.7 4.2 3.3 2.1 100.0 Number of borrowers 433,916 121,313 27,521 426,725 66,254 17,064 13,656 1,106,449 Private 4-year % 39.2 11.0 2.5 38.6 6.0 1.5 1.2 100.0 Dollars ($ 000’s) $1,889,144 679,473 308,668 5,902,977 840,820 244,729 199,098 10,064,909 Foreign % 8.6 4.6 1.9 67.2 13.8 1.9 2.0 100.0 Number of borrowers 1,508 327 95 9,739 168 32 42 11,911 % 12.7 2.7 0.8 81.8 1.4 0.3 0.4 100.0 Dollars ($ 000’s) $9,821 2,805 1,191 194,669 2,633 431 696 212,247 % 4.6 1.3 0.6 91.7 1.2 0.2 0.3 100.0 % 18.8 6.8 3.1 58.6 8.4 2.4 2.0 100.0 Number of borrowers 173,263 53,389 1,929 108,919 2,386 1,488 1,021 342,395 Public 2-year % 50.6 15.6 0.6 31.8 0.7 0.4 0.3 100.0 Dollars ($ 000’s) $434,395 148,609 8,299 563,627 15,826 9,925 6,477 1,187,159 % 36.6 12.5 0.7 47.5 1.3 0.8 0.5 100.0 Private 2-year FY99 FFEL Program Combinations Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS only Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS Total Number of borrowers 11,216 3,137 630 16,169 2,479 573 492 34,696 % 32.3 9.0 1.8 46.6 7.1 1.7 1.4 100.0 Dollars ($ 000’s) $30,851 11,180 4,905 103,114 23,072 5,207 5,286 183,616 % 16.8 6.1 2.7 56.2 12.6 2.8 2.9 100.0 Number of borrowers 79,146 22,693 7,358 248,147 39,040 5,185 4,685 406,254 % Proprietary Dollars ($ 000’s) $232,653 123,943 52,722 1,820,650 374,126 51,606 55,198 2,710,897 19.5 5.6 1.8 61.1 9.6 1.3 1.2 100.0 NOTES: Canceled loans were removed from the counts presented here; therefore totals will not match the volume presented in other tables that include cancellations. In order to compare participation among PLUS, Stafford Subsidized, and Stafford Unsubsidized loan programs, parent borrowers are linked to the student and only one borrower is counted. For example, if a parent obtained a PLUS loan for their dependent student and the student received no other loans, then the student—and only the student—is counted in the PLUS only category. If a parent obtained a PLUS loan for their dependent student and the student received a Subsidized Stafford loan, then the student—and only the student—is counted in the PLUS and Stafford Subsidized category. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 40. Combinations of Federal Family Education Loan (FFEL) program participation among Stafford Subsidized, Stafford Unsubsidized and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 2000 Total FY00 FFEL Program Combinations Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS only Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS Total Number of borrowers 1,220,223 444,367 56,467 1,341,963 146,936 58,320 39,371 3,307,647 % 36.9 13.4 1.7 40.6 4.4 1.8 1.2 100.0 Dollars ($ 000’s) $4,776,508 2,131,040 533,775 13,977,175 1,691,571 715,424 516,690 24,342,183 % 19.6 8.8 2.2 57.4 6.9 2.9 2.1 100.0 Number of borrowers 525,713 211,778 18,808 425,545 31,652 28,225 15,960 1,257,681 Public 4-year % 41.8 16.8 1.5 33.8 2.5 2.2 1.3 100.0 Dollars ($ 000’s) $2,146,333 975,599 139,186 4,172,641 322,739 311,987 184,072 8,252,556 % 26.0 11.8 1.7 50.6 3.9 3.8 2.2 100.0 Number of borrowers 434,954 140,788 26,731 466,328 65,043 20,671 15,939 1,170,454 Private 4-year % 37.2 12.0 2.3 39.8 5.6 1.8 1.4 100.0 Dollars ($ 000’s) $1,927,464 806,453 316,426 6,556,532 863,358 311,250 245,585 11,027,068 Foreign % 6.8 4.7 1.9 68.4 13.9 2.2 2.2 100.0 Number of borrowers 1,372 370 116 10,121 176 37 45 12,237 % 11.2 3.0 0.9 82.7 1.4 0.3 0.4 100.0 Dollars ($ 000’s) $8,867 3,266 1,375 205,043 2,457 566 N 829 222,404 % 4.0 1.5 0.6 92.2 1.1 0.3 0.4 100.0 % 17.5 7.3 2.9 59.5 7.8 2.8 2.2 100.0 Number of borrowers 170,562 60,990 1,772 118,784 2,155 1,731 1,128 357,122 Public 2-year % 47.8 17.1 0.5 33.3 0.6 0.5 0.3 100.0 Dollars ($ 000’s) $434,811 174,942 8,101 624,882 13,955 11,763 6,940 1,275,393 % 34.1 13.7 0.6 49.0 1.1 0.9 0.5 100.0 Private 2-year FY00 FFEL Program Combinations Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS only Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS Total Number of borrowers 11,364 3,408 701 18,429 2,597 654 428 37,581 % 30.2 9.1 1.9 49.0 6.9 1.7 1.1 100.0 Dollars ($ 000’s) $31,539 12,806 6,304 118,340 23,038 6,243 4,574 202,845 % 15.5 6.3 3.1 58.3 11.4 3.1 2.3 100.0 Number of borrowers 76,258 27,033 8,339 302,756 45,313 7,002 5,871 472,572 % Proprietary Dollars ($ 000’s) $227,495 157,973 62,383 2,299,737 466,024 73,615 74,690 3,361,917 FY 1997-FY 2000 16.1 5.7 1.8 64.1 9.6 1.5 1.2 100.0 NOTES: Canceled loans were removed from the counts presented here; therefore totals will not match the volume presented in other tables that include cancellations. In order to compare participation among PLUS, Stafford Subsidized, and Stafford Unsubsidized loan programs, parent borrowers are linked to the student and only one borrower is counted. For example, if a parent obtained a PLUS loan for their dependent student and the student received no other loans, then the student—and only the student—is counted in the PLUS only category. If a parent obtained a PLUS loan for their dependent student and the student received a Subsidized Stafford loan, then the student—and only the student—is counted in the PLUS and Stafford Subsidized category. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 159 Figure 21. Percentage distribution of the Federal Family Education Loan (FFEL) program dollar combinations among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate (PLUS) borrowers: FY 1997-FY 2000 FY00 Stafford Subsidized & PLUS 6.9% All other combinations 5.0% Stafford Subsidized 19.6% Stafford Unsubsidized 8.8% Stafford Subsidized & Unsubsidized 57.4% PLUS 2.2% SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY99 Stafford Subsidized & PLUS 7.2% All other combinations 4.5% Stafford Subsidized 21.7% Stafford Subsidized & Unsubsidized 56.0% Stafford Unsubsidized 8.2% PLUS 2.4% SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 160 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 21. Percentage distribution of the Federal Family Education Loan (FFEL) program dollar combinations among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate (PLUS) borrowers: FY 1997-FY 2000 (continued) FY98 Stafford Subsidized & PLUS 7.4% All other combinations 4.1% Stafford Subsidized 24.0% Stafford Subsidized & Unsubsidized 55.1% Stafford Unsubsidized 7.3% Loan Volume Commitments PLUS 2.2% SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY97 Stafford Subsidized & PLUS 7.1% All other combinations 3.8% Stafford Subsidized 25.7% Stafford Subsidized & Unsubsidized 54.4% Stafford Unsubsidized 6.9% PLUS 2.1% SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 161 Table 41. Federal Direct Loan Program (FDLP) combinations of participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 1997FY 2000 This table shows the distribution of FDLP dollars committed to borrowers at each type of institution through the various loan programs. The number of loans and dollar amount of each loan combination are presented in addition to the percent each combination represents of the total FDLP loan volume committed to the various institution types. (See also figure 22 which follows table 41.) I Like borrowers in the FFEL program, the majority of FDLP borrowers had either a Stafford Subsidized loan only or a combination of Stafford Subsidized and Unsubsidized loans. The percentage of FDLP borrowers receiving the Stafford Subsidized and Unsubsidized loan combination held steady between FY 1997 and FY 2000 at 34 percent. In addition, these borrowers accounted for nearly half of the total FDLP dollars. The proportion of FDLP borrowers receiving a Stafford Subsidized loan only decreased over time from 45.8 percent in FY 1997 to 40.2 percent in FY 2000. Furthermore, these borrowers accounted for a smaller percentage of total FDLP dollars over time. For example, borrowers receiving a Stafford Subsidized loan only accounted for 29 percent of total FDLP dollars in FY 1997 compared to 24 percent in FY 2000. The proportion of FDLP borrowers receiving Stafford Unsubsidized loans only increased from 11.3 percent in FY 1997 to 14.9 percent in FY 2000. The FDLP dollar volume going to these borrowers increased from 7.9 percent of the total FDLP dollar volume to 10.3 percent. The distributions of FDLP borrowers and dollars at public and private 4-year institutions by loan combination were similar to overall distributions. For example, approximately one-third of the borrowers at these institutions had the Stafford Subsidized and Unsubsidized loan combination. These borrowers accounted for nearly half of the FDLP dollars at public and private 4-year institutions. Borrowers at public 2-year institutions were more likely to borrow a Stafford Subsidized loan only than borrowers at other institutions. From FY 1997 to FY 2000, approximately 55 percent of borrowers at public 2-year institutions had a Stafford Subsidized loan only. These borrowers accounted for 40 percent of the FDLP dollars at these institutions. Borrowers at private 2-year and proprietary institutions were considerably more likely to borrow the Stafford Subsidized and Unsubsidized loan combination. Approximately 6 in 10 borrowers at these institutions had the Stafford loan combination. Furthermore, these borrowers accounted for two-thirds or more of the FDLP dollars at these institutions. I I I I I 162 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Loan Volume Commitments Federal Student Loan Programs Data Book I Table 41. Federal Direct Loan Program (FDLP) combinations of participation among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by type of institution: FY 1997-FY 2000 Total Program combinations FY97 Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS FY97 total FY98 Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS FY98 total FY99 Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS FY99 total FY00 Stafford Subsidized Stafford Unsubsidized PLUS Stafford (Sub & Unsub) Stafford (Sub) & PLUS Stafford (Unsub) & PLUS Stafford (Sub & Unsub) & PLUS FY00 total 617,693 229,473 28,395 532,673 68,280 36,815 22,719 40.2 $2,505,687 14.9 1.8 34.7 4.4 2.4 1.5 1,079,913 222,000 5,158,189 759,256 438,815 288,422 24.0 10.3 2.1 49.3 7.3 4.2 2.8 400,548 174,391 19,267 327,783 37,241 29,989 17,032 39.8 $1,685,269 17.3 1.9 32.6 3.7 3.0 1.7 821,315 134,840 3,180,706 391,038 345,269 203,924 24.9 12.1 2.0 47.0 5.8 5.1 3.0 140,292 33,950 6,477 104,955 20,284 5,027 4,278 44.5 10.8 2.1 6.4 1.6 1.4 $618,756 188,485 69,756 273,878 77,636 69,115 23.3 47,627 7.1 13,987 2.6 10.3 2.9 2.6 355 543 298 245 51.2 25,839 53.6 $120,361 15.7 0.4 29.1 0.6 0.3 0.3 38,794 1,467 137,103 3,264 1,953 1,611 39.5 12.7 0.5 1.1 0.6 0.5 863 238 47 200 34 21 26.0 $2,162 7.2 1.4 6.0 1.0 0.6 685 210 1,612 303 235 13.0 4.1 1.3 68.6 9.7 1.8 1.4 28,363 6,907 2,249 72,186 10,012 1,467 1,143 23.2 $79,139 5.6 1.8 8.2 1.2 0.9 30,634 15,727 89,464 13,654 13,537 11.1 4.3 2.2 65.9 12.6 1.9 1.9 675,877 217,925 25,914 543,585 70,503 31,901 20,751 42.6 $2,672,887 13.7 1.6 34.3 4.4 2.0 1.3 986,739 190,995 5,068,851 756,354 371,388 254,005 25.9 9.6 1.9 49.2 7.3 3.6 2.5 441,792 165,126 17,202 334,674 39,049 26,149 15,798 42.5 $1,827,633 15.9 1.7 32.2 3.8 2.5 1.5 748,027 114,206 3,169,905 401,829 295,175 185,043 27.1 11.1 1.7 47.0 6.0 4.4 2.7 150,305 32,217 6,510 100,750 20,532 4,288 3,580 47.2 10.1 2.0 6.5 1.3 1.1 $629,215 170,664 63,714 260,463 63,278 54,330 25.4 50,821 6.9 12,870 2.6 10.5 2.6 2.2 311 499 227 246 49.8 27,558 54.9 $125,900 13.9 0.3 29.8 0.5 0.2 0.3 35,242 1,179 147,890 3,113 1,462 1,306 39.8 1,024 11.1 0.4 1.0 0.5 0.4 235 58 296 39 31 24.4 $2,782 5.6 1.4 7.0 0.9 0.7 886 219 2,097 344 311 13.6 4.3 1.1 67.6 10.2 1.7 1.5 31,935 7,477 1,833 78,085 10,127 1,198 1,096 24.2 $87,356 5.7 1.4 7.7 0.9 0.8 31,921 11,677 88,853 11,129 13,015 11.7 4.3 1.6 67.5 11.9 1.5 1.7 719,779 196,932 28,612 567,664 69,627 29,172 23,352 44.0 $2,920,704 12.0 1.7 34.7 4.3 1.8 1.4 902,935 212,856 5,324,493 761,234 341,965 293,073 27.2 8.4 2.0 49.5 7.1 3.2 2.7 482,388 148,948 18,779 352,977 41,719 24,316 18,089 44.4 $2,037,920 13.7 1.7 32.5 3.8 2.2 1.7 685,768 126,325 3,372,328 437,165 276,399 217,500 28.5 9.6 1.8 47.1 6.1 3.9 3.0 150,583 28,652 7,608 105,478 18,869 3,677 3,970 47.2 9.0 2.4 5.9 1.2 1.2 $658,721 153,049 74,354 246,672 55,306 61,357 26.0 54,126 6.0 12,425 2.9 9.7 2.2 2.4 320 564 252 273 50.7 29,394 55.6 $134,965 12.8 0.3 30.2 0.6 0.3 0.3 34,082 1,126 158,428 3,347 1,506 1,581 40.3 10.2 0.3 1.0 0.4 0.5 992 207 60 299 52 56 23.1 $2,775 4.8 1.4 7.0 1.2 1.3 862 299 2,287 516 652 12.6 3.9 1.4 66.5 10.4 2.3 3.0 31,690 6,700 1,845 77,187 8,176 875 964 24.9 $86,323 5.3 1.4 6.4 0.7 0.8 29,174 10,751 71,762 8,238 11,984 12.1 4.1 1.5 69.3 10.1 1.2 1.7 729,983 179,366 27,353 546,877 63,393 24,640 20,741 45.8 $3,025,181 11.3 1.7 34.3 4.0 1.5 1.3 821,424 192,791 5,171,028 678,433 283,169 256,702 29.0 7.9 1.8 49.6 6.5 2.7 2.5 491,079 136,256 18,270 347,235 37,975 20,730 16,003 46.0 $2,115,423 12.8 1.7 32.5 3.6 1.9 1.5 628,805 118,050 3,322,634 388,898 231,223 189,610 30.2 9.0 1.7 47.5 5.6 3.3 2.7 153,766 25,584 6,735 99,257 17,933 3,028 3,694 49.6 8.3 2.2 5.8 1.0 1.2 $689,879 135,327 62,812 227,464 44,665 56,348 28.1 53,210 5.5 11,306 2.6 9.3 1.8 2.3 319 430 170 247 50.4 29,752 55.8 $132,728 11.8 0.3 31.2 0.5 0.2 0.3 31,300 1,043 161,253 2,344 952 1,422 40.1 9.5 0.3 0.7 0.3 0.4 955 173 50 200 24 35 29.2 $2,668 5.3 1.5 6.1 0.7 1.1 687 230 1,578 192 338 16.2 4.2 1.4 65.4 9.6 1.2 2.1 30,973 6,047 1,979 68,799 6,855 688 762 26.7 $84,482 5.2 1.7 5.9 0.6 0.7 25,306 10,656 58,150 6,138 8,984 13.3 4.0 1.7 69.4 9.2 1.0 1.4 Number of borrowers % Dollars (in 000’s) Number of % borrowers Public 4-year % Dollars (in 000’s) Private 4-year Number of % borrowers % Dollars (in 000’s) Public 2-year Number of % borrowers Dollars % (in 000’s) Private 2-year Number of Dollars % borrowers % (in 000’s) % Number of borrowers Proprietary % Dollars (in 000’s) % 32.0 1,237,146 48.7 1,834 56.1 10,740 59.3 439,256 1,592,353 100.0 10,428,728 100.0 1,067,548 100.0 6,994,643 100.0 309,997 100.0 2,453,640 100.0 95,434 100.0 331,040 100.0 3,271 100.0 16,433 100.0 116,103 100.0 632,972 100.0 FY 1997-FY 2000 33.1 1,286,479 47.3 2,628 61.2 14,651 60.6 492,607 1,635,138 100.0 10,757,259 100.0 1,087,216 100.0 7,153,405 100.0 318,837 100.0 2,535,938 100.0 97,354 100.0 335,034 100.0 4,294 100.0 22,043 100.0 127,437 100.0 710,839 100.0 31.7 1,231,616 46.8 2,518 59.9 13,879 59.3 505,561 1,586,456 100.0 10,301,220 100.0 1,039,790 100.0 6,741,820 100.0 318,182 100.0 2,473,280 100.0 92,532 100.0 316,092 100.0 4,201 100.0 20,517 100.0 131,751 100.0 749,511 100.0 33.3 1,361,143 45.0 1,910 57.7 11,379 59.0 467,857 1,536,048 100.0 10,452,282 100.0 1,006,251 100.0 6,762,362 100.0 315,263 100.0 2,658,768 100.0 88,894 100.0 304,553 100.0 3,313 100.0 16,587 100.0 122,327 100.0 710,013 100.0 NOTES: Volume measure is Direct Loan commitments. In order to compare participation among PLUS, Stafford Subsidized and Stafford Unsubsidized loan programs, parent borrowers are linked to the student and only one borrower is counted. For example, if a parent obtained a PLUS loan for their dependent student and the student received no other loans, then the student—and only the student—is counted in the PLUS only category. If a parent obtained a PLUS loan for their dependent student and the student received a Subsidized Stafford Loan, then the student—and only the student—is counted in the PLUS and Stafford Subsidized category. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 163 Figure 22. Percentage distribution of Federal Direct Loan Program (FDLP) dollar combinations among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers: FY 1997-FY 2000 FY00 Stafford Subsidized & PLUS 7.3% All other combinations 7.0% Stafford Subsidized 24.0% Stafford Subsidized & Unsubsidized 49.3% Stafford Unsubsidized 10.3% PLUS 2.1% SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY99 Stafford Subsidized & PLUS 7.3% All other combinations 6.1% Stafford Subsidized 25.9% Stafford Subsidized & Unsubsidized 49.2% Stafford Unsubsidized 9.6% PLUS 1.9% SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. 164 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 22. Percentage distribution of Federal Direct Loan Program (FDLP) dollar combinations among Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers: FY 1997-FY 2000 (continued) FY98 Stafford Subsidized & PLUS 7.1% All other combinations 5.9% Stafford Subsidized 27.2% Stafford Subsidized & Unsubsidized 49.5% Stafford Unsubsidized 8.4% Loan Volume Commitments PLUS 2.0% SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY97 Stafford Subsidized & PLUS 6.5% All other combinations 5.2% Stafford Subsidized 29.0% Stafford Subsidized & Unsubsidized 49.6% Stafford Unsubsidized 7.9% PLUS 1.8% SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Federal Student Loan Programs Data Book I FY 1997-FY 2000 165 Part III FDLP and FFEL Program Dollars Outstanding and Guaranty Agency Characteristics Dollars Outstanding and Guaranty Agency Characteristics Federal Student Loan Programs Data Book I FY 1997-FY 2000 167 Table 42. Weekly average 91-day Treasury Bill (bond equivalent) rates, by quarter: FY 1986-FY 2000 This table lists the quarterly 91-day Treasury Bill rates for FY86-FY00. (See also figure 23 which follows table 42.) I From FY 1986 to FY 2000, rates for the 91-day Treasury Bills began at 7.4 percent, fluctuated over time, and dropped to their lowest value (3.1 percent) in the fourth quarter of FY 1992. Over the next five quarters, the average rate was either 3.1 or 3.2 percent. Treasury Bill rates began inching up again beginning in the third quarter of FY 1994, rising to 6.0 percent in the second quarter of FY 1995. From FY 1996 through the first three quarters of FY 2000, rates varied between approximately 4.4 and 5.9 percent. In the fourth quarter of FY 2000, the average Treasury Bill rates increased to 6.2 percent. I I Dollars Outstanding and Guaranty Agency Characteristics Federal Student Loan Programs Data Book I FY 1997-FY 2000 169 Table 42. Weekly average 91-day Treasury Bill (bond equivalent) rates, by quarter: FY 1986-FY 2000 Quarter ending Fiscal year 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 December 31 7.4 5.5 6.2 8.0 7.9 7.2 4.7 3.2 3.1 5.5 5.4 5.1 5.2 4.4 5.2 March 31 7.1 5.7 5.9 8.9 8.0 6.2 4.0 3.1 3.3 6.0 5.1 5.2 5.2 4.5 5.7 June 30 6.3 5.9 6.4 8.7 8.0 5.8 3.8 3.1 4.2 5.8 5.2 5.2 5.1 4.6 5.9 September 31 5.7 6.3 7.2 8.1 7.7 5.6 3.1 3.1 4.6 5.5 5.3 5.2 5.0 4.8 6.2 NOTES: Special allowance rates to lenders participating in the Federal Family Education Loan (FFEL) program are based on the average weekly 91-day Treasury Bill (bond equivalent) rate for each quarter of the fiscal year. Data for earlier years appear in table A-42 in appendix I. SOURCE: U.S. Department of Treasury. Figure 23. Weekly average 91-day Treasury Bill (bond equivalent) rates, by quarter: FY 1990-FY 2000 10% 9 8 7 Rate (percent) 6 5 4 3 2 1 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year FY96 FY97 FY98 FY99 FY00 NOTE: Data reported by quarter. SOURCE: U.S. Department of Treasury. 170 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 43. Federal Direct Loan Program (FDLP) estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1997- FY 2000 This table shows the amount of dollars outstanding for each of the four Federal Direct Loan Programs and the combined FDLP totals for FY 1997-FY 2000. The table includes figures representing the total volume of dollars in school, in repayment, and outstanding. (See also figure 24 which follows table 43.) I Between FY 1997 and FY 2000, the total volume of FDLP dollars outstanding increased from $21.1 billion in FY 1997 to $56.3 billion in FY 2000. All four of the FDLP programs displayed a similar pattern in that the total volume of dollars outstanding increased each year. For example: I In the Stafford Subsidized program, dollars outstanding increased from $11.4 billion in FY 1997 to $22.9 billion in FY 2000. In the Stafford Unsubsidized program, dollars outstanding increased from $5.9 billion in FY 1997 to $14.1 billion in FY 2000. In the PLUS and Consolidation programs, dollars outstanding increased from $1.5 billion and $2.3 billion, respectively, to $3.4 billion and $16.0 billion, respectively. I I I The Stafford Subsidized program represented the largest proportion of FDLP program dollars outstanding from FY 1997-FY 2000. However, the proportion of Stafford Subsidized dollars outstanding to total FDLP dollars outstanding decreased each year. For example, in FY 1997, the Stafford Subsidized amount of dollars outstanding represented 54.0 percent of total FDLP dollars outstanding, while in FY 2000, this proportion had dropped to 40.6 percent.1 Dollars Outstanding and Guaranty Agency Characteristics I In FY 1997 and FY 1998, Stafford Unsubsidized dollars outstanding accounted for 28 percent of total FDLP dollars outstanding. However, in FY 1999 and FY 2000, Stafford Unsubsidized dollars outstanding accounted for one-quarter of total FDLP dollars outstanding.1 The proportion of Consolidation dollars outstanding to total FDLP dollars outstanding increased annually, rising from 11.1 percent in FY 1997, to 26.1 in FY 1999, and, finally, to 28.4 percent in FY 2000.1 As the Federal Direct Loan Program has expanded since its inception in FY 1994, the ratio of the total number of FDLP dollars in school to the total number of dollars outstanding decreased overtime. In FY 1997, dollars in school accounted for 66.2 percent of dollars outstanding. This figure fell to 42.3 percent in FY 1999, and finally to 35.6 percent in FY 2000.2 The annual Stafford Subsidized dollars in school as a percentage of total Stafford Subsidized dollars outstanding was 81.1 percent in FY 1997. This proportion fell over the next three years from 71.1 percent in FY 1998, to 62.5 percent in FY 1999, and finally, to 54.3 percent in FY 2000.3 The annual dollars in school as a percentage of total Stafford Unsubsidized dollars outstanding was 80.8 percent in FY 1997. Like Stafford Subsidized loans, this proportion fell over the next three years from 70.7 percent in FY 1998, to 62.1 percent in FY 1999, and finally, to 54.3 percent in FY 2000.3 I I I I 1 2 Percents were calculated as the amount of dollars outstanding in a given program divided by the amount of FDLP dollars outstanding. Percents were calculated as the amount of FDLP dollars in school divided by the amount of FDLP dollars outstanding. 3 Percents were calculated as the amount of dollars in school in a given program divided by the amount of dollars outstanding in the same program. Federal Student Loan Programs Data Book I FY 1997-FY 2000 171 Table 43. Federal Direct Loan Program (FDLP) estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1997-FY 2000 ($ in 000,000’s) FY97 Stafford Subsidized Dollars in school Dollars in repayment Dollars outstanding Stafford Unsubsidized Dollars in school Dollars in repayment Dollars outstanding PLUS Dollars in repayment Dollars outstanding Consolidation Dollars in repayment Dollars outstanding FDLP total Dollars in school Dollars in repayment Dollars outstanding $14,010 7,150 21,160 $17,708 14,200 31,908 $18,751 25,610 44,361 $20,048 36,277 56,325 $2,340 2,340 $4,738 4,738 $11,564 11,564 $15,996 15,996 $1,528 1,528 $2,210 2,210 $2,733 2,733 $3,418 3,418 $4,744 1,128 5,872 $6,271 2,603 8,874 $6,805 4,155 10,960 $7,627 6,422 14,049 $9,266 2,154 11,420 $11,437 4,649 16,085 $11,946 7,159 19,105 $12,421 10,441 22,861 FY98 FY99 FY00 NOTES: Dollars in default are not included in the dollars outstanding. The Dollars in School category does not apply to PLUS and Consolidation loans. This is because PLUS loans go into repayment on the date the loan is disbursed by the lender, and Consolidation occurs only after a borrower starts the repayment process. Details may not add to totals due to rounding. Calculations are based on numbers prior to rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. Figure 24. Federal Direct Loan Program (FDLP) estimated dollars outstanding: FY 1997-FY 2000 $60,000 $56,325 50,000 Estimated dollars outstanding (in 000,000’s) $44,361 40,000 $31,908 30,000 $21,160 20,000 10,000 0 FY97 FY98 Fiscal year FY99 FY00 NOTE: Dollars in default are not included in the dollars outstanding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. 172 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 44. Federal Family Education Loan (FFEL) program estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1990-FY 2000 This table shows the amount of dollars outstanding for each of the five FFEL programs and the combined FFEL program totals for FY 1990-FY 2000. The table includes figures representing the total volume of dollars in school, in repayment, and outstanding. (See also figure 25 which follows table 44.) I Between FY 1990 and FY 2000, the total volume of FFEL program dollars outstanding increased each year, from $54.1 billion in FY 1990 to $146.6 billion in FY 2000, a 170.8 percent increase. From FY 1993 to FY 1999, total dollars outstanding increased by approximately $10.6 billion per year. From FY 1999 to FY 2000 total dollars outstanding increased by $14.0 billion. The Stafford Subsidized, Stafford Unsubsidized, and PLUS programs each displayed a similar pattern in that the total volume of dollars outstanding increased each year. However, within the Stafford Subsidized program,dollars outstanding increased at a slower rate from $45.4 billion in FY1990 to $69.7 billion in FY2000, an increase of 53.5 percent. In contrast, the dollars outstanding in the Stafford Unsubsidized program increased from $1.7 billion to $37.1 billion between FY 1994 and FY 2000, an increase of 2,035.6 percent. The dollars outstanding in the PLUS program increased 314.7 percent from $2.0 billion in FY1990 to $8.4 billion in FY2000. Like the other programs, dollars outstanding for Consolidation loans increased overtime from $2.2 billion in FY 1990 to $28.4 billion, an increase of 1,186.8 percent. The Stafford Subsidized program had the largest proportion of FFEL program dollars outstanding from FY 1990-FY 2000. In FY 1990, Stafford Subsidized dollars outstanding represented 83.9 percent of total FFEL program dollars outstanding. However, by FY 2000, this proportion had decreased to 47.6 percent.4 The proportion of the Stafford Unsubsidized dollars outstanding to total FFEL program dollars outstanding increased annually, rising from 2.2 percent in FY 1994 to 17.4 percent in FY 1997, and finally, to 25.3 percent in FY 2000.4 The proportion of PLUS dollars outstanding to total FFEL dollars outstanding remained relatively steady from FY 1992 through FY 2000, during which the proportion fluctuated between 5.3 percent and 5.8 percent.4 The proportion of Consolidation dollars outstanding to total FFEL program dollars outstanding increased annually, rising from 9.0 percent in FY 1994 to 15.6 percent in FY 1997, and finally, to 19.3 percent in FY 2000.4 The proportion of the total number of FFEL program dollars in school to the total number of FFEL program dollars outstanding fluctuated between 32.2 and 35.2 between FY 1990 and FY 1994. In FY 1995, this proportion peaked at 38.5 percent. Beginning in FY 1996 the proportion of the total number of dollars in school to the total number of dollars outstanding decreased annually and stood at 30.1 percent in FY 2000.5 Dollars Outstanding and Guaranty Agency Characteristics I I I I I I I 4 5 Percents were calculated as the amount of dollars outstanding in a given program divided by the amount of FFEL dollars outstanding. Percents were calculated as the amount of FFEL dollars in school divided by the amount of FFEL dollars outstanding. 6 Percents were calculated as the amount of dollars in school in a given program divided by the amount of dollars outstanding in the same program. Federal Student Loan Programs Data Book I FY 1997-FY 2000 173 Table 44. (continued) I The annual Stafford Subsidized dollars in school as a percentage of total Stafford Subsidized dollars outstanding peaked at 46.0 percent in FY 1995 and deceased annually. In FY 2000, this proportion stood at 37.3 percent.6 The annual Stafford Unsubsidized dollars in school as a percentage of total Stafford Unsubsidized dollars outstanding was 93.9 percent in FY 1994, the first year of the program. As the years passed and borrowers left school, the proportion fell. In FY 2000 the annual dollars in school as a percentage of total dollars outstanding was 48.9 percent.6 I Figure 25. Federal Family Education Loan (FFEL) program estimated dollars outstanding: FY 1990-FY 2000 $160,000 $146,584 140,000 Estimated dollars outstanding (in 000,000’s) $122,360 120,000 $102,436 100,000 $79,972 $69,000 60,000 $54,126 $57,497 $62,000 $92,921 $112,378 $132,550 80,000 40,000 20,000 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year FY96 FY97 FY98 FY99 FY00 NOTE: Dollars in default are not included in the dollars outstanding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 799 and Office of Student Financial Assistance Programs. 174 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Dollars Outstanding and Guaranty Agency Characteristics Federal Student Loan Programs Data Book I Table 44. Federal Family Education Loan (FFEL) program estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1990-FY 2000 (in 000,000’s) FY90 Stafford Subsidized/FISLP Dollars in school Dollars in repayment Dollars outstanding Stafford Unsubsidized1 Dollars in school Dollars in repayment Dollars outstanding PLUS Dollars in repayment Dollars outstanding SLS2 Dollars in repayment Dollars outstanding Consolidation Dollars in repayment Dollars outstanding FFEL program total Dollars in school Dollars in repayment Dollars outstanding — Not applicable. 1 2 FY91 $18,500 28,479 46,979 — — — $2,607 2,607 $4,684 4,684 $3,227 3,227 $18,500 38,997 57,497 FY92 $20,134 28,495 48,629 — — — $3,269 3,269 $5,618 5,618 $4,484 4,484 $20,134 41,866 62,000 FY93 $22,200 29,743 51,943 — — — $3,968 3,968 $7,141 7,141 $5,948 5,948 $22,200 46,800 69,000 FY94 $25,559 32,038 57,597 $1,631 106 1,737 $4,434 4,434 $9,026 9,026 $7,178 7,178 $27,190 52,782 79,972 FY95 $27,916 32,753 60,669 $7,898 1,011 8,909 $5,111 5,111 $7,400 7,400 $10,832 10,832 $35,814 57,107 92,921 FY96 $26,993 35,093 62,086 $10,594 3,423 14,017 $5,632 5,632 $6,155 6,155 $14,546 14,546 $37,587 64,849 102,436 FY97 $26,521 37,401 63,922 $12,876 6,681 19,557 $6,261 6,261 $5,149 5,149 $17,489 17,489 $39,397 72,981 112,378 FY98 $26,051 39,901 65,952 $14,615 10,714 25,329 $6,974 6,974 $4,405 4,405 $19,700 19,700 $40,666 81,694 122,360 FY99 $26,030 41,563 67,593 $16,309 14,582 30,891 $7,595 7,595 $3,564 3,564 $22,907 22,907 $42,339 90,211 132,550 FY00 $26,014 43,709 69,723 $18,165 18,931 37,096 $8,447 8,447 $2,970 2,970 $28,348 28,348 $44,179 102,405 146,584 $19,041 26,388 45,429 — — — $2,037 2,037 $4,457 4,457 $2,203 2,203 $19,041 35,085 54,126 FY 1997-FY 2000 The Stafford Unsubsidized program began in FY93. The Supplemental Loan for Students (SLS) program disbursed its last loans in FY94. NOTES: Dollars in default are not included in the dollars outstanding. The Dollars in School category does not apply to PLUS, SLS, and Consolidation loans. This is because PLUS and SLS loans go into repayment on the date the loan is disbursed by the lender, and Consolidation occurs only after a borrower starts the repayment process. Details may not add to totals due to rounding. Calculations are based on numbers prior to rounding. Data for earlier years appear in table A—44 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 799 and Office of Student Financial Assistance Programs. 175 Table 45. Sallie Mae loan purchases and warehousing advances: Calendar years 1973-2000 This table shows Sallie Mae’s annual loan purchases and dollars outstanding for calendar years 1973-00, as well as warehousing advances made to lenders. Sallie Mae provides a national secondary market for the Federal Family Education Loan (FFEL) program. Its main functions are to purchase loans and to provide warehousing advances to participating lenders. (See also figure 26 which follows table 45.) I Sallie Mae’s annual student loan purchases are a substantial portion of FFEL program loans and thus it holds a large proportion of outstanding FFEL program dollars. For example: I In 1997 and 1998, Sallie Mae’s annual student loan purchases represented approximately 40 percent of FFEL loan volume. However, in 1999, Sallie Mae’s loan acquisitions jumped 63 percent to $13.7 billion. This increase was due in large part to Sallie Mae’s acquisition of the Nellie Mae Corporation and its loan portfolio. As a result, Sallie Mae’s student loan purchases accounted for nearly 60 percent of FFEL loan volume in 1999. During 2000, Sallie Mae’s loan acquisitions again increased considerably to $20.6 billion, which accounted for 80 percent of FFEL loan volume (see table 1 for FFEL program loan volume). Between 1997 and 2000, Sallie Mae’s outstanding loan purchases grew from $29.4 billion to $37.6 billion, an increase of 28 percent. Despite this increase, Sallie Mae’s outstanding student loan purchases represented consistently about one-quarter of FFEL program dollars outstanding during this time (see table 37 for FFEL dollars outstanding). I I Annual and outstanding warehousing advances declined between 1997 and 2000. In 1997, Sallie Mae had $1.9 billion and $2.5 billion in annual and outstanding warehousing advances, respectively. By 2000, annual warehousing advances fell to $1.0 billion, while outstanding warehousing advances decreased to $0.8 billion. Table 45. Sallie Mae loan purchases and warehousing advances: Calendar years 1973-2000 ($ in 000,000’s) Student loan purchases1 Calendar year 1973-89 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 Cumulative total Annual $24,259 5,973 6,301 5,772 6,675 7,956 9,380 8,371 9,040 8,417 13,680 20,563 126,387 Outstanding $72,626 19,242 22,068 24,173 26,804 30,370 34,336 32,308 29,4432 28,2832 33,8092 37,6472 391,109 Annual $16,116 5,612 3,952 1,806 1,813 3,377 2,250 1,392 1,869 1,543 1,043 987 41,759 Warehousing advances Outstanding $53,628 9,270 9,395 8,085 7,034 7,032 3,865 2,790 2,518 1,718 1,173 825 107,333 1 Student loan purchases include Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), Supplemental Loan for Students (SLS), Federal Insured Student Loan Program (FISLP), and Health Education Assistance Loans (HEAL). 2 The dollar amounts for calendar years 1997, 1998, 1999, and 2000 represent approximately one-quarter of the FFEL program dollars outstanding. (See FFEL dollars outstanding in table 44.) NOTES: Sallie Mae provides a national secondary market for the FFEL program. Its main function is to purchase loans and provide warehousing advances to participating lenders. Details may not add to totals due to rounding. Data for earlier years appear in table A-45 in appendix I. SOURCE: Sallie Mae Annual Report. 176 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 26. Sallie Mae student loan purchases and Federal Family Education Loan (FFEL) program dollars: Calendar years 1990-2000 Annual student loan purchases 100% 80 Percent of FFEL program dollars 80% 60 49% 40 47% 39% 37% 59% 45% 34% 42% 42% 37% 20 0 1990 1991 1992 1993 1994 1995 Calendar year 1996 1997 1998 1999 2000 NOTES: The percentages reported here are computed from Sallie Mae data in table 43 and from FFEL program loan volume data in table 1. SOURCE: Sallie Mae Annual Report. Dollars Outstanding and Guaranty Agency Characteristics Outstanding student loan purchases 100% Percent of FFEL program dollars outstanding 80 60 40 36% 38% 39% 39% 38% 37% 32% 26% 23% 26% 26% 20 0 1990 1991 1992 1993 1994 1995 Calendar year 1996 1997 1998 1999 2000 NOTES: The percentages reported here are computed from Sallie Mae data in table 45 and from FFEL program data in table 44. Student loan purchases include Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), Supplemental Loan for Students (SLS), Federal Insured Student Loan Program (FISLP), and Health Education Assistance Loans. SOURCE: Sallie Mae Annual Report. Federal Student Loan Programs Data Book I FY 1997-FY 2000 177 Table 46. Federal Family Education Loan (FFEL) program designated guarantor, organizational type, and agency name, by state: Status as of September 30, 2000 This table presents the designated guarantors for the 50 states, 3 territories, and the District of Columbia as of September 30, 2000. The guarantors listed are identified as either an agency within the state; the United Student Aid Funds, Inc. (USAF), a private non-profit guaranty agency; or a state agency located outside the state. These agencies are further classified in the table as either private non-profit or state agencies. I In 34 states, FFEL program activity was guaranteed by a state agency within that state. For ten states, the designated guarantor was a state agency in another state, while for another ten states, the designated guarantor was the USAF. Designated guarantors can change from year to year, although they did not between September 30, 1997 and September 30, 2000. In 28 states, FFEL program activity was guaranteed by a non-profit agency. In 26 states, program activity was guaranteed by a state agency, either in-state or out-of-state. I 178 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 46. Federal Family Education Loan (FFEL) program designated guarantor, organizational type, and agency name, by state: Status as of September 30, 2000 Designated guarantor1 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pacific Islands Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming Total Unduplicated total3 1 2 Organizational type Other KENT. Non-profit agency X X X X X X PENN. MASS. X X X X State agency X Guaranty agency Kentucky Higher Education Assistance Authority United Student Aid Funds, Inc. United Student Aid Funds, Inc. Student Loan Guarantee Foundation of Arkansas California Student Aid Commission Colorado Student Loan Program Connecticut Student Loan Foundation Pennsylvania Higher Education Assistance Agency American Student Assistance Florida Dept. of Ed. Office of Student Financial Asst. Georgia Higher Education Assistance Corporation United Student Aid Funds, Inc. Northwest Education Loan Association Illinois Student Assistance Commission United Student Aid Funds, Inc. Iowa College Student Aid Commission United Student Aid Funds, Inc. Kentucky Higher Education Assistance Authority Louisiana Office of Student Financial Assistance Comm. Maine Ed. Assistance Division, Finance Auth. of Maine United Student Aid Funds, Inc. American Student Assistance Michigan Higher Education Assistance Authority Great Lakes Higher Education Corporation United Student Aid Funds, Inc. Coordinating Board For Higher Education Montana Guaranteed Student Loan Program Nebraska Student Loan Program United Student Aid Funds, Inc. New Hampshire Higher Ed. Assistance Foundation New Jersey Higher Education Assistance Authority New Mexico Student Loan Guarantee Corporation New York State Higher Education Services Corp. North Carolina State Education Assistance Authority Student Loans of North Dakota Great Lakes Higher Education Corporation Oklahoma Guaranteed Student Loan Program Oregon State Scholarship Commission United Student Aid Funds, Inc. Pennsylvania Higher Education Assistance Agency Great Lakes Higher Education Corporation Rhode Island Higher Education Assistance Authority South Carolina State Education Assistance Authority Education Assistance Corporation Tennessee Student Assistance Corporation Texas Guaranteed Student Loan Corporation Utah Higher Education Assistance Authority Vermont Student Assistance Corporation Great Lakes Higher Education Corporation Educational Credit Management Corporation Northwest Education Loan Association Pennsylvania Higher Education Assistance Agency Great Lakes Higher Education Corporation United Student Aid Funds, Inc. State USAF2 X X X X X X X X X WASH. X X X X X X X X X X WISC. X X X X X X X X X X X WISC. X X X X WISC. X X X X X X X WISC. ECMC X PENN. X 34 34 X 10 1 10 6 X X 28 13 X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X Dollars Outstanding and Guaranty Agency Characteristics 26 23 Includes Stafford (Subsidized and Unsubsidized), Parent Loans for Undergraduate Students (PLUS), and Consolidation loans. United Student Aid Funds, Inc. 3 The unduplicated total row counts a guaranty agency only once although a guaranty agency may represent more than one state. NOTES: This table covers the 4-year period from September 30, 1997 through September 30, 2000. The designated guarantor information was the same in all four of these years. SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data. Federal Student Loan Programs Data Book I FY 1997-FY 2000 179 Table 47a. Federal Family Education Loan (FFEL) program cumulative cash reserves and reserve ratio, by guaranty agency: As of September 30, 1997 and September 30, 1998 This table shows the cumulative cash reserves and the corresponding reserve ratio for 36 guaranty agencies for FY 1997 and FY 1998. The formulas used to calculate these numbers are also provided. I Between September 30, 1997 and September 30, 1998, the FFEL program cumulative total cash reserves increased 5.1 percent, rising from $2.1 to $2.2 billion. The reserve ratio remained at 1.5 during this period. The United Student Aid Funds, Inc. (USAF) reported the largest cumulative cash reserves for both FY 1997 and FY 1998 ($492.3 and $526.0 million, respectively). In contrast, New Mexico reported the smallest cumulative cash reserves ($4.9 million each year). North Carolina reported the largest reserve ratio for both FY 1997 (3.4) and FY 1998 (2.8). ECMC reported the smallest reserve ratio in FY 1997 (0.0) and FY 1998 (0.1). Between FY 1997 and FY 1998, the reserve ratio decreased at 20 guaranty agencies, increased at 10 guaranty agencies, and remained the same at six guaranty agencies. I I I NOTES: Cumulative cash reserves are calculated by subtracting an agency’s cumulative use of funds to pay for claims, operating expenses, and lender fees, among others, from that agency’s cumulative sources of funds from insurance premiums, state appropriations, and federal advances, among others. Complete lists of both sources and use of funds are listed in table 47a under the “Formulas” column. 180 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 47a. Federal Family Education Loan (FFEL) program cumulative cash reserves and reserve ratio, by guaranty agency: As of September 30, 1997 and September 30, 1998 Cumulative Cash Reserves ($ in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total As of Sept. 30, 1997 $7,915 278,701 41,467 19,152 18,688 86,779 15,147 72,196 49,641 34,924 13,336 13,706 39,292 59,042 52,644 6,194 18,993 5,092 38,661 4,891 131,136 36,073 12,963 14,011 17,441 189,346 7,579 14,804 12,813 35,960 117,580 492,266 23,812 5,681 21,583 81,625 $2,091,135 As of Sept. 30, 1998 $7,499 243,708 45,592 20,271 49,002 93,847 17,332 80,433 47,169 30,228 12,148 13,348 39,016 62,617 45,847 8,395 22,929 7,965 35,144 4,942 130,371 31,510 11,107 18,126 16,032 190,650 6,328 17,577 12,714 36,396 149,529 526,008 25,040 5,952 27,064 105,298 $2,197,134 Reserve Ratio As of Sept. 30, 1997 1.0 2.5 2.0 1.3 0.0 2.8 1.0 1.4 2.6 1.8 1.3 1.9 0.7 2.3 3.0 1.1 1.9 0.6 1.4 0.9 1.2 3.4 2.6 0.8 2.1 1.4 1.0 1.3 1.8 1.9 1.6 1.5 2.2 1.0 1.0 0.7 1.5 As of Sept. 30, 1998 0.9 2.2 2.1 1.3 0.1 2.7 1.1 1.6 2.5 1.5 1.1 1.6 0.6 2.4 2.6 1.3 1.9 0.8 1.3 0.9 1.1 2.8 2.1 1.0 1.9 1.3 0.8 1.3 1.5 1.9 1.8 1.4 2.1 0.9 1.1 0.7 1.5 Original principal of outstanding loans = Original principal of loans guaranteed (-) Original principal of loans cancelled (-) Original principal of claims paid (-) Original principal of loans paid in full (+) Original principal of loans guarantees transferred from other agencies (-) Original principal of loans guarantees transferred to other agencies (-) Secretary’s plan of original principal of loan guarantees transferred from other agencies Reserve ratio = Cash reserves Divided by Original principal of outstanding loans Formulas Cumulative cash reserves = Agency’s cumulative sources of funds from: 1. Insurance premiums 2. State appropriations 3. Federal advances 4. Federal reinsurance payments 5. Administrative cost allowances 6. Collections on claims paid 7. Investment earnings 8. Other non-federal sources Minus Agency’s cumulative uses of funds to pay: 1. Claims to lenders 2. Operating expenses 3. Lender fees 4. Department of Education’s share of collections on claims paid 5. Federal advances 6. Reinsurance fees 7. Other uses Dollars Outstanding and Guaranty Agency Characteristics NOTES: Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. Federal Student Loan Programs Data Book I FY 1997-FY 2000 181 Table 47b. Federal Family Education Loan (FFEL) program federal, operating, and restricted funds, by guaranty agency: As of September 30, 1999 and September 30, 2000 This table presents federal, operating, and restricted funds for 36 agencies for FY 1999 and FY 2000. As part of the Higher Education Amendments of 1998, the federal government provided seed money for guaranty agencies to establish operating funds that cover administrative expenses such as loan-application processing, defaultprevention and collection activities, and compliance monitoring. Seed money was provided through a guaranty agency’s Federal Student Loan Reserve Fund. Between FY 1999 and FY 2001, guaranty agencies could transfer up to 45 percent of their reserve funds to their operating fund. Guaranty agencies are to invest these funds and return the seed money to the Federal Reserve Fund within four years of establishing their operating fund. I As of September 30, 1999, guaranty agencies had more than $2.5 billion in their federal, operating, and restricted funds. Federal funds accounted for nearly three-quarters of this total, while operating funds and restricted funds accounted for 11 and 16 percent, respectively. By September 30, 2000, the total amount in the federal, operating, and restricted funds increased to $2.8 billion. However, federal funds declined to 62 percent of the total amount, while the operating and restricted funds grew to 16 and 22 percent, respectively. In FY 1999, Rhode Island and Nebraska had more than one-third of their finances in operating funds. In sharp contrast, Connecticut and ECMC did not have any funds in operating accounts, and six other guaranty agencies (California, Maine, Kentucky, Colorado, Arkansas, and Pennsylvania) had five percent of their funds or less in these accounts. In FY 2000, Rhode Island and Nebraska increased the percentage of their finances in operating funds to 39 and 43 percent, respectively. In addition, Texas, Oklahoma, South Carolina, and New York had a quarter of their finances or more in operating funds. Only two guaranty agencies (Connecticut and Pennsylvania) had five percent of their funds or less in operating accounts. All but five guaranty agencies increased the percentage of their funds in operating accounts between FY 1999 and FY 2000. On average, these agencies increased the percentage of funds in operating accounts by five percent. However, four agencies (Texas, South Carolina, Wisconsin, and Nebraska) increased their operating funds by 10 percent or more. I I I 182 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 47b. Federal Family Education Loan (FFEL) program federal, operating, and restricted funds, by guaranty agency: As of September 30, 1999 and September 30, 2000 FY99 Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total — Not applicable. NOTES: Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. FY00 % 3 5 3 Restricted Fund $723,817 70,082,116 9,307,212 1,647,213 — 6 14 11 12 4 19 4 11 17 8 14 34 10 12 7 17 6 13 28 18 1 35 15 13 10 21 15 15 13 8 9 11 20,985,827 1,161,140 5,076,358 12,060,667 5,860,888 2,396,575 3,116,980 4,411,289 13,314,049 14,086,819 2,277,361 — 500,968 8,963,634 1,298,198 19,959,928 11,389,481 3,054,650 1,107,325 4,324,337 49,408,042 1,877,862 2,815,749 2,488,899 10,555,044 7,756,974 79,394,073 6,002,317 876,530 5,357,142 6,641,076 $390,280,540 5 16 19 10 28 19 4 20 22 8 11 14 18 8 17 21 11 16 7 16 22 5 5 20 14 13 21 8 16 23 19 % 11 25 22 15 Federal Fund $4,887,557 164,449,712 25,749,802 6,566,761 125,004,435 57,532,061 18,615,693 83,531,133 36,649,041 28,869,977 13,222,595 11,005,122 34,739,580 48,126,318 36,424,192 7,546,836 26,939,711 7,051,003 35,375,577 4,122,656 127,032,167 23,244,657 9,170,987 17,444,850 10,852,130 166,985,417 13,018,840 16,583,123 11,159,901 33,948,839 55,298,922 324,177,591 18,249,638 6,361,229 24,388,986 83,600,239 $1,717,927,278 % 72 56 58 65 94 58 79 76 57 71 63 65 64 54 58 57 57 81 59 56 60 54 58 64 51 65 50 58 58 57 49 59 55 70 67 71 62 Operating Fund $454,386 20,987,971 4,491,603 194,997 8,234,197 10,105,368 2,615,001 15,299,216 9,328,202 2,426,514 3,923,624 1,048,349 9,264,739 19,888,476 5,574,342 2,117,176 20,508,097 637,489 10,927,028 1,182,942 53,727,095 3,150,213 1,729,268 7,537,271 3,983,143 13,379,038 9,986,650 7,810,348 4,204,244 10,167,978 42,037,754 103,288,323 5,364,632 1,391,768 3,907,305 24,261,536 $445,136,283 % 7 7 10 2 6 10 11 14 15 6 19 6 17 22 9 16 43 7 18 16 25 7 11 28 19 5 39 27 22 17 37 19 16 15 11 21 16 Restricted Fund $1,447,634 107,507,125 13,960,818 3,404,209 — 32,162,471 2,412,008 10,546,473 18,091,000 9,094,425 3,823,444 4,829,391 10,441,325 20,392,460 21,143,415 3,582,768 — 1,036,182 13,891,346 2,016,056 30,324,752 16,853,656 4,802,409 2,164,474 6,605,051 76,036,321 2,852,982 4,181,792 3,967,620 15,908,087 15,139,532 126,584,383 9,347,010 1,367,441 8,018,706 9,902,173 $613,838,939 12 23 28 14 39 31 8 31 30 11 15 21 27 13 23 28 15 22 8 22 32 10 10 28 23 18 29 19 23 33 27 % 21 37 32 33 Federal Fund $5,725,349 199,813,016 31,849,073 9,127,222 91,126,785 70,278,370 17,912,525 82,121,305 42,050,544 33,485,741 12,614,338 11,310,791 44,020,276 54,222,651 43,095,315 8,211,036 27,314,298 7,757,670 40,005,346 4,955,982 141,225,962 26,919,287 10,638,452 17,283,001 13,153,207 171,586,843 13,189,307 18,802,201 13,522,756 41,778,219 69,658,122 325,231,518 18,651,496 6,054,085 26,443,757 80,973,301 $1,832,109,147 % 86 70 75 85 100 72 81 84 69 82 68 75 81 67 69 68 66 84 72 73 73 66 68 67 62 77 57 74 73 72 71 68 64 76 77 84 73 Operating Fund $172,312 14,754,912 1,466,619 — — 5,720,681 3,089,065 10,413,919 7,033,082 1,555,166 3,628,186 588,632 5,851,282 13,853,270 4,905,381 1,653,700 13,802,137 965,357 6,602,880 493,784 33,284,770 2,272,786 2,020,308 7,308,694 3,776,283 2,577,270 8,260,538 3,734,683 2,411,139 5,736,312 20,368,314 70,242,533 4,354,339 1,080,248 2,673,987 8,941,256 $275,593,825 Dollars Outstanding and Guaranty Agency Characteristics Federal Student Loan Programs Data Book I FY 1997-FY 2000 183 Part IV FFEL Program and FDLP Defaults and Collections Defaults and Collections Federal Student Loan Programs Data Book I FY 1997-FY 2000 185 Table 48. Federal Family Education Loan (FFEL) program guaranty agency reinsurance agreement default status: FY 1997-FY 2000 This table shows the dollar amounts that each guaranty agency requested for federal reinsurance payments on default claims in FY 1997-FY 2000. It also reports the amount of requested dollars paid, the percent of requested dollars not paid, and the level of reinsurance. (See also figure 27 which follows table 48.) I The amount of requested dollars paid decreased each year from FY 1997 to FY 2000. In FY 1997 the amount of requested dollars paid stood at $3.2 billion. This figure fell to $3.1 billion in FY 1998, $2.5 billion in FY 1999, and $2.2 billion in FY 2000. The percent of requests paid dropped just slightly from FY 1997 to FY 2000. In FY 1997 the percent of requests paid stood at 99.1 percent. In FY 2000 this figure fell to 98.6 percent. I Defaults and Collections Federal Student Loan Programs Data Book I FY 1997-FY 2000 187 Table 48. Federal Family Education Loan (FFEL) program guaranty agency reinsurance agreement default status: FY 1997-FY 2000 FY97 Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total $ Requested paid $16,685,197 344,840,027 42,206,324 25,894,830 43,524,694 67,224,633 34,972,718 149,810,789 33,873,239 58,316,449 23,821,536 10,345,037 131,542,163 54,468,599 48,910,769 18,527,550 67,062,599 11,691,824 63,269,135 9,241,708 212,850,831 10,871,168 3,504,486 48,493,562 20,660,086 182,840,712 18,542,393 5,034,300 4,691,529 44,466,521 242,698,378 872,782,232 18,016,019 7,024,419 53,507,579 228,633,093 3,230,847,128 $ Requested not paid $146,180 3,317,830 348,116 260,271 328,364 665,751 353,980 1,243,174 304,719 447,084 237,392 95,548 1,040,497 560,549 495,219 269,672 459,659 86,081 707,790 74,699 1,824,350 63,000 25,933 527,401 200,056 1,597,931 233,031 30,603 60,311 403,128 2,294,111 9,039,988 151,080 64,176 609,963 1,740,087 30,307,724 % of requests paid 99.13 99.05 99.18 99.00 99.25 99.02 99.00 99.18 99.11 99.24 99.01 99.08 99.22 98.98 99.00 98.57 99.32 99.27 98.89 99.20 99.15 99.42 99.27 98.92 99.04 99.13 98.76 99.40 98.73 99.10 99.06 98.97 99.17 99.09 98.87 99.24 99.07 Reinsurance level* (%) 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 90/ 88 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 $ Requested paid $14,089,630 266,426,959 43,451,757 19,761,699 46,207,215 74,526,608 29,422,648 116,066,807 27,291,277 52,207,828 21,440,236 10,082,692 127,310,770 48,918,197 46,906,425 17,487,377 67,981,550 10,431,849 70,160,788 12,752,921 217,682,898 18,390,286 3,210,826 39,660,857 15,266,606 201,744,987 21,407,314 6,219,719 6,109,246 43,045,410 231,424,005 873,892,572 21,755,865 7,170,623 50,458,833 215,547,749 3,095,913,029 FY98 $ Requested not paid $165,448 3,424,478 489,683 230,955 461,736 974,415 354,809 1,218,563 303,340 565,118 282,762 129,525 1,561,830 592,933 579,048 194,898 698,322 135,546 1,004,737 136,532 2,648,809 153,089 33,303 550,689 183,372 2,307,589 326,321 52,971 88,042 509,729 2,998,059 11,131,462 255,059 86,684 705,187 2,351,816 37,886,859 % of requests paid 98.84 98.73 98.89 98.84 99.01 98.71 98.81 98.96 98.90 98.93 98.70 98.73 98.79 98.80 98.78 98.90 98.98 98.72 98.59 98.94 98.80 99.17 98.97 98.63 98.81 98.87 98.50 99.16 98.58 98.83 98.72 98.74 98.84 98.81 98.62 98.92 98.79 Reinsurance level* (%) 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 188 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 48. Federal Family Education Loan (FFEL) program guaranty agency reinsurance agreement default status: FY 1997-FY 2000 (continued) FY99 Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total $ Requested paid $12,969,302 216,552,434 33,864,702 16,268,662 39,412,567 68,098,583 26,700,790 82,909,008 24,675,998 29,406,247 22,238,062 7,407,565 78,094,241 45,310,496 37,661,119 14,091,659 46,538,873 4,030,177 44,002,374 10,541,138 183,287,323 20,775,544 6,975,612 36,482,718 10,854,470 186,478,768 17,487,738 8,716,424 5,424,488 38,235,848 177,719,633 690,889,819 8,997,931 7,081,841 46,788,704 187,060,456 2,494,031,314 $ Requested not paid $184,219 3,180,117 474,314 257,336 427,345 1,031,548 380,921 1,018,321 315,773 367,883 326,102 107,440 1,098,738 592,863 540,666 202,397 603,564 52,945 648,025 145,409 2,634,369 206,247 70,988 561,512 149,510 2,492,748 301,769 98,144 89,176 552,066 2,526,312 9,721,376 128,058 97,200 741,281 2,343,048 34,669,730 % of requests paid 98.60 98.55 98.62 98.44 98.93 98.51 98.59 98.79 98.74 98.76 98.55 98.57 98.61 98.71 98.58 98.58 98.72 98.70 98.55 98.64 98.58 99.02 98.99 98.48 98.64 98.68 98.30 98.89 98.38 98.58 98.60 98.61 98.60 98.65 98.44 98.76 98.63 Reinsurance level* (%) 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 $ Requested paid $13,204,202 224,817,078 26,120,640 14,580,970 24,844,925 76,483,917 23,810,729 71,367,153 25,765,415 25,258,555 17,508,330 10,401,867 57,141,889 40,674,402 29,316,312 13,321,555 42,137,526 4,929,755 30,251,878 15,320,018 159,897,260 19,392,913 4,858,594 33,915,359 6,607,245 146,151,478 14,345,515 7,078,181 5,286,545 33,188,485 153,195,631 632,967,808 8,330,614 6,722,679 31,483,520 138,559,105 2,189,238,048 FY00 $ Requested not paid $206,469 3,446,199 411,794 243,937 288,116 1,304,993 389,551 890,524 360,652 390,445 271,913 159,035 882,047 561,857 462,929 194,927 612,889 74,729 511,752 233,741 2,328,141 235,573 57,322 552,922 97,763 2,213,381 244,777 93,462 92,538 518,031 2,294,446 9,277,240 131,061 101,177 518,154 1,390,697 32,045,184 % of requests paid 98.46 98.49 98.45 98.35 98.85 98.32 98.39 98.77 98.62 98.48 98.47 98.49 98.48 98.64 98.45 98.56 98.57 98.51 98.34 98.50 98.56 98.80 98.83 98.40 98.54 98.51 98.32 98.70 98.28 98.46 98.52 98.56 98.45 98.52 98.38 99.01 98.56 Reinsurance level* (%) 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 100/ 98 Defaults and Collections The reinsurance level for loans that went into default prior to October 1, 1993, was 100 percent. For loans that went into default after October 1, 1993, the reinsurance level was 98 percent. NOTES: Details may not add to totals due to rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1189, guaranty agency statement of account finals Federal Student Loan Programs Data Book I FY 1997-FY 2000 189 Figure 27. Federal Family Education Loan (FFEL) program guaranty agency reinsurance agreement default status: FY 1997-FY 2000 Dollars requested paid $3,500 $3,231 $3,096 3,000 2,500 Dollars (in 000,000’s) $2,494 $2,189 2,000 1,500 1,000 500 0 FY97 FY98 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1189, guaranty agency statement of account finals. FY99 FY00 190 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 49. Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1986-FY 2000 This table shows the total number of default dollars and collections for each FFEL program. In addition, the percent change from prior year, percent share of FFEL program total, and cumulative totals for default and collection activity are also provided for total FFEL program and each of the FFEL programs for FY 1986-FY 2000. (See also figure 28 which follows table 49.) I I In FY 2000, guaranty agencies paid $2.1 billion default dollars to lenders and collected $4.7 billion. The annual default dollars paid to lenders fluctuated between FY 1990 and FY 2000. For example, default dollars increased by 20 percent in FY 1991, then experienced declines until FY 1996. Although default dollars increased by more than 10 percent in FY 1996 and FY 1997, default dollars decreased somewhat in FY 1998 and considerably in FY 1999. The 31 percent decline in default dollars in FY 1999 was due, in part, to the change in the definition of default from the Higher Education Amendments of 1998. In contrast to default dollars, collection dollars increased each year between FY 1990 and FY 2000, with the exception of FY 1997. For example, collection dollars increased by 26.9 percent in FY 1998, 30.2 percent in FY 1999, and 18.8 percent in FY 2000. Since FY 1990, Stafford Subsidized collection dollars increased in all but one year, and default dollars decreased in all but three years. In FY 2000, defaults were $1.1 billion, and collections were $3.6 billion. Since the program’s inception,Stafford Unsubsidized collection dollars have increased every year,and default dollars increased in all but one year. In FY2000, defaults were $513 million, and collections were $236 million. Annual collection dollars for Parent Loans for Undergraduate Students (PLUS) loans increased every year from FY 1986 through FY 2000. Default dollars paid to lenders increased every year from FY 1986 though FY 1996, but decreased each year starting in FY 1997. In FY 2000, defaults were $66 million, and collections were $191 million. Although the Supplement Loan for Students (SLS) program ended in FY 1994, default and collection activity continues for these loans. In general, SLS default dollars have decreased and collection dollars have increased annually between FY 1990 and FY 2000. For example, in FY 1990 SLS default dollars stood at a high of $636 million, and collection dollars were $33 million. By FY 2000, SLS defaults decreased to $91 million, and collections increased to $212 million. Annual collection dollars for Consolidation loans increased every year from FY 1990 through FY 2000. In addition, annual default dollars increased every year from FY 1988 through FY 1998. But in FY 1999 and FY 2000 Consolidation loan default dollars decreased by 32.6 and 3.6 percent, respectively. In FY 2000, defaults were $358 million, and collections were $485 million. I I I I I Defaults and Collections I Federal Student Loan Programs Data Book I FY 1997-FY 2000 191 Table 49. Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1986-FY 2000 Default dollars paid to lenders (in 000,000’s) $80 31 20 19 17 17 12 9 7 4 1 Percent change from from prior FY 9.8 -60.7 -35.3 -7.2 -7.5 -1.3 -32.2 -26.7 -17.9 -42.9 -75.0 Percent share of totals 5.9 2.3 1.4 0.9 0.6 0.5 0.4 0.3 0.3 0.2 0.0 Annual collections (in 000,000’s) $129 123 97 83 70 55 55 43 35 20 7 Percent change from from prior FY 92.5 -4.7 -21.1 -14.4 -15.7 -21.4 0.0 -22.3 -18.1 -42.9 -65.0 Percent share of totals 30.7 22.9 15.3 11.1 7.6 5.2 4.0 2.9 1.8 0.9 0.3 Cumulative dollars (in 000,000’s) Defaults $1,196 1,227 1,248 1,266 1,284 1,301 1,312 1,321 1,328 1,332 1,333 Collections $525 648 745 828 898 953 1,008 1,051 1,086 1,106 1,113 Fiscal year FISLP1 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 Stafford Subsidized 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19994 20004 Stafford Unsubsidized2 1993 1994 1995 1996 1997 1998 19994 20004 PLUS 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19994 20004 $6 7 20 32 40 67 78 89 96 98 113 113 101 72 66 112.4 11.7 188.1 62.1 23.7 69.6 15.1 15.2 6.8 2.6 15.4 -0.1 -10.7 -28.5 -8.2 0.5 0.5 1.4 1.6 1.5 2.1 2.9 3.6 4.0 4.3 4.3 3.8 3.4 3.6 3.2 $1 2 3 5 8 13 24 35 35 52 74 86 131 143 191 238.4 93.6 71.3 56.5 65.2 73.9 83.2 45.6 1.2 46.0 43.5 15.4 52.6 9.4 34.1 0.2 0.3 0.5 0.6 0.8 1.2 1.7 2.3 1.8 2.2 2.7 3.5 4.3 3.6 4.0 $11 18 37 70 109 177 254 344 440 538 651 764 865 937 1,003 $1 3 6 10 18 31 55 90 125 177 251 337 467 610 801 — $1 11 95 288 423 377 513 — — 1679.7 742.1 203.2 47.0 -11.0 36.1 — 0.0 0.5 3.6 9.6 14.4 18.6 24.4 — $0 0 4 21 65 141 236 — — 4040.0 884.8 419.1 206.7 116.6 68.2 — 0.0 0.0 0.1 0.9 2.1 3.5 5.0 — $1 12 107 395 818 1,195 1,708 — $0 0 5 26 91 231 468 $1,262 1,295 1,378 1,675 1,952 2,436 2,032 1,892 1,756 1,580 1,723 1,734 1,631 1,079 1,074 32.9 2.6 6.4 21.6 16.5 24.8 -16.6 -6.9 -7.2 -10.0 9.0 0.7 -5.9 -33.9 -0.5 92.9 95.9 94.8 82.2 72.8 75.6 76.5 75.8 73.1 68.9 64.7 58.0 55.4 53.2 51.1 $289 410 531 650 807 916 1,160 1,271 1,735 2,088 2,452 2,044 2,534 3,197 3,615 61.8 41.7 29.4 22.5 24.0 13.6 26.6 9.6 36.5 20.3 17.5 -16.6 24.0 26.1 13.1 68.8 76.3 83.5 86.9 87.8 86.2 84.4 85.0 90.3 89.8 88.5 84.6 82.7 80.1 76.3 $4,405 5,700 7,078 8,753 10,705 13,141 15,173 17,065 18,821 20,401 22,123 23,857 25,489 26,568 27,642 $874 1,283 1,814 2,464 3,271 4,187 5,347 6,618 8,353 10,441 12,893 14,937 17,471 20,668 24,284 192 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 49. Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1986-FY 2000 (continued) Default dollars paid to lenders (in 000,000’s) $10 17 35 299 636 630 441 384 374 383 387 317 237 128 91 Percent change from from prior FY 58.1 67.4 107.9 756.6 112.5 -0.9 -30.1 -12.9 -2.6 2.4 1.0 -18.1 -25.3 -46.0 -29.0 Percent share of totals 0.7 1.2 2.4 14.7 23.7 19.6 16.6 15.4 15.6 16.7 14.5 10.6 8.0 6.3 4.3 Annual collections (in 000,000’s) $1 2 5 10 33 75 126 131 99 135 195 173 181 198 212 Percent change from from prior FY 332.9 70.2 123.1 96.3 225.7 129.3 67.6 3.7 -24.4 36.8 44.1 -11.5 4.6 9.7 7.3 Percent share of totals 0.3 0.4 0.8 1.3 3.6 7.1 9.2 8.7 5.1 5.8 7.0 7.1 5.9 5.0 4.5 Cumulative dollars (in 000,000’s) Defaults $19 35 70 370 1,005 1,636 2,077 2,461 2,835 3,218 3,605 3,922 4,158 4,286 4,377 Collections $2 4 9 19 52 127 254 385 484 619 814 986 1,167 1,365 1,578 Fiscal year SLS 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19994 20004 Consolidation3 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19994 20004 — $1 12 35 72 93 123 169 217 343 538 551 372 358 — — 994.0 199.6 106.2 29.6 31.8 37.8 28.1 58.4 56.8 2.5 -32.6 -3.6 — 0.1 0.6 1.3 2.2 3.5 4.9 7.0 9.4 12.9 18.0 18.7 18.3 17.1 — $0 0 1 4 9 17 17 29 39 92 153 311 485 — — 8285.6 500.4 187.7 149.2 84.9 4.4 64.7 36.1 135.6 67.5 102.7 55.8 — — 0.0 0.1 0.3 0.7 1.1 0.9 1.2 1.4 3.8 5.0 7.8 10.2 — $1 13 48 119 212 335 504 721 1,064 1,602 2,153 2,525 2,884 — $0 0 1 5 14 31 48 77 115 207 360 671 1,156 FFEL Program Total 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19994 20004 $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 31.7 -0.6 7.7 40.1 31.6 20.2 -17.6 -6.0 -3.8 -4.5 16.0 12.3 -1.6 -31.1 3.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 $420 537 636 748 918 1,063 1,374 1,496 1,922 2,324 2,771 2,415 3,064 3,989 4,740 70.7 27.7 18.4 17.7 22.7 15.8 29.2 8.9 28.4 20.9 19.3 -12.9 26.9 30.2 18.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 $5,630 6,980 8,434 10,471 13,151 16,373 19,029 21,526 23,928 26,222 28,883 31,873 34,816 36,844 38,946 $1,401 1,938 2,574 3,322 4,240 5,304 6,678 8,174 10,096 12,419 15,191 17,606 20,669 24,659 29,399 Defaults and Collections — No default collection activity in this year. 1 2 3 4 The Federal Insured Student Loan (FISLP) program ended in FY84. The Stafford Unsubsidized program began in FY 1993 Consolidation loans started in FY87 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. NOTES: Collections data for Stafford Subsidized and for FFEL program totals include mandatory assignments and IRS offsets. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500,000. 0.0 indicates a number less than 0.05. Data for earlier years appear in table A-49 in appendix I. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130 and Office of Student Financial Assistance Programs. Federal Student Loan Programs Data Book I FY 1997-FY 2000 193 Figure 28. Federal Family Education Loan (FFEL) program annual defaults and collections: FY 1990-FY 2000 Stafford Subsidized $4,000 $3,615 3,500 $3,197 3,000 Dollars (in 000,000’s) $2,452 $2,534 2,500 $2,436 $2,088 $1,892 $1,756 $1,735 $1,580 Annual defaults $2,044 2,000 $2,032 $1,952 Annual collections $1,631 $1,723 $1,734 1,500 $1,271 $1,160 $1,079 $1,074 1,000 $807 $916 500 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year NOTE: Collections data for Stafford Subsidized totals include mandatory assignments and IRS offsets. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130 and Office of Student Financial Assistance Programs. FY96 FY97 FY98 FY99 FY00 Stafford Unsubsidized $600 $513 500 $423 Dollars (in 000,000’s) 400 $377 Annual defaults 300 $288 $236 200 $141 100 $95 $65 $1 FY94 0 $11 FY95 0 $4 FY96 $21 FY97 Fiscal year NOTE: The Stafford Unsubsidized program began in FY93. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130 and Office of Student Financial Assistance Programs. Annual collections 0 FY98 FY99 FY00 194 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Figure 28. Federal Family Education Loan (FFEL) program annual defaults and collections: FY 1990-FY 2000 (continued) Parent Loans for Undergraduate Students (PLUS) $200 $191 150 Dollars (in 000,000’s) $131 $113 $113 $101 $86 $74 $72 $143 Annual defaults Annual collections 100 $89 $78 $67 $96 $98 $66 $52 50 $40 $24 $8 $13 $35 $35 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130 and Office of Student Financial Assistance Programs. FY96 FY97 FY98 FY99 FY00 Supplemental Loan for Students (SLS) $700 $636 $630 600 500 Dollars (in 000,000’s) $441 Defaults and Collections Annual defaults 400 $384 $374 $383 $387 $317 Annual collections 300 $237 $212 200 $126 $131 $99 $75 $33 $135 $195 $173 $181 $128 $198 100 $91 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130 and Office of Student Financial Assistance Programs. FY96 FY97 FY98 FY99 FY00 Federal Student Loan Programs Data Book I FY 1997-FY 2000 195 Figure 28. Federal Family Education Loan (FFEL) program annual defaults and collections: FY 1990-FY 2000 (continued) Consolidation $600 $538 $551 500 $485 Dollars (in 000,000’s) 400 $343 $372 $311 $358 Annual defaults Annual collections 300 $217 200 $123 $169 $153 $92 $39 100 $35 $93 $72 $9 $17 $17 $29 0 $1 $4 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year FY96 FY97 FY98 FY99 FY00 SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130 and Office of Student Financial Assistance Programs. FFEL program total $5,000 $4,740 4,000 $3,989 Dollars (in 000,000’s) $3,223 3,000 $2680 $2,655 $2,497 $2,402 $2,293 $2,324 $2,662 $2,990 $2,771 $2,415 $2,943 $3,064 Annual defaults Annual collections $2,027 $2,102 2,000 $1,374 $1,063 $918 $1,496 $1,922 1,000 0 FY90 FY91 FY92 FY93 FY94 FY95 Fiscal year NOTE: Collections data include mandatory assignments and IRS offsets. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130 and Office of Student Financial Assistance Programs. FY96 FY97 FY98 FY99 FY00 196 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 50. Federal Direct Loan Program (FDLP) annual and cumulative default dollars and collections: FY 1996-FY 2000 This table provides a summary of annual defaults and collections for FDLP loans. Because the FDLP was initiated in FY 1994, defaults and collections data begin in FY 1996. (See also figure 29 which follows table 50.) I As the FDLP program has grown, so too has the amount of dollars in default and collections. For example, from FY 1998 to FY 2000, the amount of dollars in default increased from $210.1 million to $613.4 million, an increase of 192 percent. During this time, annual collection dollars experienced more than a tenfold increase from $15.5 million to $184.2 million. Defaults and Collections Federal Student Loan Programs Data Book I FY 1997-FY 2000 197 Table 50. Federal Direct Loan Program (FDLP) annual and cumulative default dollars and collections: FY 1995-FY 2000 ($ in 000,000’s) Fiscal year 1995 1996 1997 1998 19991 20001 — Not applicable. 1 Annual dollars defaulted — $2.2 $83.0 $210.1 $472.7 $613.4 Cumulative dollars defaulted — $2.2 $85.2 $295.3 $767.9 $1,381.4 Annual dollars collected — $0.1 $0.9 $15.5 $76.0 $184.2 Cumulative default dollars collected — $0.1 $1.0 $16.5 $92.5 $276.7 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. NOTES: Includes Consolidation loans. FDLP loan data in FY94 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. Figure 29. Federal Direct Loan Program (FDLP) annual default and collections: FY 1996-FY 2000 FDLP program total $700 $613 600 500 Dollars (in 000,000’s) $473 Annual defaults 400 Annual collections 300 $210 200 $184 100 $2 $83 $1 $16 $76 0 0 FY96 FY97 FY98 Fiscal year FY99 FY00 NOTES: Includes Consolidation loans. FDLP loan data in FY94 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. 198 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 51. Federal Family Education Loan (FFEL) program and Federal Direct Loan Program (FDLP) institutional default reduction initiative comparison of cohort default rates: FY 1994-FY 1999 This table shows the national borrower cohort default rate for FY 1994-FY 1999 by type of institution. Included in the table are the numbers of schools participating in the FFEL program and FDLP, the type of institution, the number of borrowers who defaulted, and the number of borrowers who entered repayment. (See also figure 30 which follows table 51.) I Between FY 1994 and FY 1999, the national borrower default rate decreased by 5.1 percentage points, from 10.7 percent to 5.6 percent. The largest decrease occurred between FY 1997 and FY 1998 when the default rate dropped nearly 2 percentage points from 8.8 percent to 6.9 percent. This one-year decline can be attributed to, in part, the change in the definition of default from 180 days of delinquency to 270 days of delinquency. Cohort default rates continued to decline another 1.3 percentage points in FY 1999 after this definition change. Of classified institutions, the default rate for borrowers was lower for 4-year institutions, both public and private, and foreign institutions. The default rate for these types of institutions ranged from 2.2 to 7.1 percent during FY 1994-FY 1999. The default rate for proprietary schools decreased annually and fell overall from 21.1 percent in FY 1994 to 9.3 percent in FY 1999. The number of borrowers who entered repayment increased annually from FY 1994 to FY 1998. More than 1.8 million borrowers entered repayment in FY 1994, and 2.3 million borrowers entered repayment in FY 1999. The number of borrowers who defaulted on their loans dropped 34.3 percent between FY 1994 and FY 1999 (from 199,233 to 130,861). Moreover, from FY 1994 to FY 1999, the number of schools registering defaults decreased 15.5 percent (from 7,935 in FY 1994 to 6,702 in FY 1999). The default rate for unclassified institutions was 4.0 percent in FY 1994 and decreased annually, reaching 0.3 percent in FY 1999. I I I I I Defaults and Collections Federal Student Loan Programs Data Book I FY 1997-FY 2000 199 200 Federal Student Loan Programs Data Book I Table 51. Federal Family Education Loan (FFEL) program and Federal Direct Loan Program (FDLP) institutional default reduction initiative comparison of cohort default rates: FY 1994-FY 1999 Institution type and fiscal year FY94 Public 4-year Private 4-year Public 2-year Private 2-year Proprietary Foreign Unclassified Total FY95 Public 4-year Private 4-year Public 2-year Private 2-year Proprietary Foreign Unclassified Total FY96 Public 4-year Private 4-year Public 2-year Private 2-year Proprietary Foreign Unclassified Total 679 1,591 1,294 598 2,922 437 3 7,524 59,282 36,381 36,691 4,514 60,299 155 16 197,338 847,346 553,503 276,740 32,821 330,974 3,221 990 2,045,595 7.0% 6.6 13.3 13.8 18.2 4.8 1.6 9.6 682 1,575 1,355 633 3,010 374 15 7,644 54,946 34,889 36,944 5,504 66,893 136 34 199,346 772,375 508,475 260,036 38,162 335,772 2,467 1,166 1,918,453 7.1% 6.9 14.2 14.4 19.9 5.5 2.9 10.4 676 1,551 1,362 709 3,236 377 24 7,935 48,129 31,089 32,388 5,947 81,489 147 44 199,233 707,981 489,879 235,318 44,088 385,477 2,586 1,091 1,866,420 6.8% 6.3 13.8 13.5 21.1 5.7 4.0 10.7 Number of schools Number of borrowers who defaulted Number of borrowers who entered repayment Borrower default rate* (%) Institution type and fiscal year FY97 Public 4-year Private 4-year Public 2-year Private 2-year Proprietary Foreign Unclassified Total FY981 Public 4-year Private 4-year Public 2-year Private 2-year Proprietary Foreign Unclassified Total FY991 Public 4-year Private 4-year Public 2-year Private 2-year Proprietary Foreign Unclassified Total 643 1,558 1,185 436 2,479 399 2 6,702 45,425 23,163 27,893 1,886 32,390 102 2 130,861 986,840 620,798 316,180 25,075 345,417 4,618 605 2,299,533 4.6% 3.7 8.8 7.5 9.3 2.2 0.3 5.6 646 1,568 1,217 479 2,580 415 5 6,910 53,350 26,907 32,391 2,687 37,532 155 6 153,028 942,087 597,361 303,610 29,570 330,356 4,202 1,076 2,208,262 5.7% 4.5 10.7 9.1 11.4 3.7 0.6 6.9 665 1,591 1,267 535 2,749 422 9 7,238 62,268 33,752 37,032 3,908 51,704 159 9 188,832 908,013 581,066 292,452 32,077 334,796 3,721 1,128 2,153,253 6.9% 5.8 12.7 12.2 15.4 4.3 0.8 8.8 Number of schools Number of borrowers who defaulted Number of borrowers who entered repayment Borrower default rate* (%) * The borrower default rate is the fraction of borrowers entering repayment on certain FFEL program and/or FDLP loans in a given fiscal year who default by the end of the following fiscal year. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. NOTES: Details may not add to totals due to rounding. Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, U.S. Secretary of Education, NEWS: National Student Loan Default Rate Press Releases, October 26, 1998, October 2, 2000, and September 19, 2001. FY 1997-FY 2000 Figure 30. Federal Family Education Loan (FFEL) program and Federal Direct Loan Program (FDLP) institutional default rates, by type of institution:FY 1994-FY 1999 25% 21% 20 20% 18% 20% Dollars (in 000,000’s) 16% 15 15% 14% 14% 14% 14% 14% 13% 13% 12% 11% 11% 9% Public 4-year Private 4-year Public 2-year Private 2-year Proprietary 10 7% 6% 7% 7% 7% 7% 7% 6% 6% 5% 9% 5 5% 4% Total 0 F94 FY95 FY96 Fiscal year NOTES: As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. Information for foreign and unclassified institutions can be found in table 51. SOURCE: U.S. Department of Education, U.S. Secretary of Education, NEWS: National Student Loan Default Rate Press Releases, October 26, 1998, October 2, 2000, and September 19, 2001. FY97 FY98 FY99 Defaults and Collections Federal Student Loan Programs Data Book I FY 1997-FY 2000 201 Tables 52a-52c. Federal Family Education Loan (FFEL) program cohort default rate for guaranty agencies: FY 1997-FY 1999 This set of tables shows a summary of the number of borrowers in default and in repayment for each guaranty agency in FY 1997, FY 1998, and FY 1999. The tables also show the borrower default rate and how the guaranty agencies are ranked. I Borrower default rates varied across guaranty agencies. For the FY 1997 cohort, default rates ranged from 28.6 percent (ECMC) to 1.3 percent (North Dakota). For the FY 1998 cohort, default rates ranged from a high of 10.3 percent (Rhode Island) to 0.0 percent (North Dakota). For the FY 1999 cohort the highest rate dropped to 7.9 percent (Montana) while the lowest rate increased to 1.8 percent (North Dakota). The rankings of guaranty agencies with the highest and lowest cohort default rates did not change considerably for the FY 1997, FY 1998, and FY 1999 cohorts. For example, Texas and Tennessee ranked among the five guaranty agencies with the highest cohort default rates in all three years. In addition, Rhode Island, Montana, and Kentucky were among the five guaranty agencies with the highest default rates for two of the three cohorts. North Dakota had the lowest default rate for each cohort. In addition, South Dakota was among the five agencies with the lowest default rates for all three cohorts. Finally, New Mexico, South Carolina, New Hampshire, and Vermont were among the five guaranty agencies with the lowest default rates for two of the three cohorts. I I NOTE: The borrower cohort default rate is the fraction of borrowers entering repayment in a given fiscal year who default by the end of the following fiscal year. 202 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 52a. Federal Family Education Loan (FFEL) program cohort default rate for guaranty agencies: FY 1997 Borrower default rate* (%) 8.7 10.3 7.6 7.9 28.6 9.7 8.6 7.4 5.5 11.6 11.2 6.3 7.7 9.2 10.1 9.0 10.3 6.2 9.0 4.1 9.5 4.7 1.3 11.5 7.8 6.8 12.0 2.3 3.6 12.5 11.8 8.7 6.0 4.1 9.0 7.0 Number of borrowers in default 1,067 12,592 2,149 1,088 209 5,630 2,061 4,362 1,257 3,124 2,004 658 4,895 3,878 2,247 769 2,428 651 2,665 460 11,647 683 121 2,978 977 9,416 1,523 310 313 3,192 11,127 33,975 1,080 280 3,042 11,411 Number of borrowers in repayment 12,251 121,991 28,332 13,698 731 58,207 24,068 58,731 23,011 27,046 17,826 10,401 63,810 41,934 22,218 8,537 23,623 10,577 29,605 11,336 121,986 14,636 9,087 25,825 12,523 137,465 12,665 13,374 8,814 25,557 94,643 390,255 17,932 6,882 33,813 163,463 Default rate (%) 28.6 12.5 12.0 11.8 11.6 11.5 11.2 10.3 10.3 10.1 9.7 9.5 9.2 9.0 9.0 9.0 8.7 8.7 8.6 7.9 7.8 7.7 7.6 7.4 7.0 6.8 6.3 6.2 6.0 5.5 4.7 4.1 4.1 3.6 2.3 1.3 Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Guaranty agency ECMC Tennessee Rhode Island Texas Kentucky Oklahoma Louisiana California Nebraska Missouri Florida New York Michigan Montana New Jersey Washington Arkansas USAF Georgia Connecticut Oregon Massachusetts Colorado Illinois Wisconsin Pennsylvania Maine New Hampshire Utah Iowa North Carolina Vermont New Mexico South Dakota South Carolina North Dakota The borrower cohort default rate is the fraction of borrowers entering repayment in a given fiscal year who default by the end of the following fiscal year SOURCE: U.S. Department of Education, Office of Postsecondary Education, Office of Student Financial Assistance Programs Defaults and Collections Federal Student Loan Programs Data Book I FY 1997-FY 2000 203 Table 52b. Federal Family Education Loan (FFEL) program cohort default rate for guaranty agencies: FY 19981 Borrower default rate* (%) 7.2 7.3 6.8 7.3 6.5 8.4 8.8 5.8 5.4 9.3 9.0 5.4 6.0 8.1 8.7 9.4 7.8 2.2 7.0 1.1 7.3 5.3 0.0 7.9 6.0 5.4 10.3 1.9 3.2 10.1 9.4 6.8 3.5 3.4 7.8 5.8 Number of borrowers in default 826 8,604 1,902 973 1,538 4,196 1,862 3,075 956 2,382 1,708 540 2,995 2,764 1,833 681 1,724 295 1,895 5 7,914 741 2 2,027 599 7,533 1,135 259 340 2,674 8,872 26,269 635 228 2,539 8,590 Number of borrowers in repayment 11,500 117,497 27,800 13,304 23,505 49,687 21,120 53,040 17,583 25,499 18,887 10,088 50,303 34,309 21,099 7,234 22,162 13,176 27,087 469 108,599 14,107 9,632 25,603 9,949 139,452 11,047 13,420 10,530 26,460 94,333 389,053 17,895 6,670 32,614 147,515 Default rate (%) 10.3 10.1 9.4 9.4 9.3 9.0 8.8 8.7 8.4 8.1 7.9 7.8 7.8 7.3 7.3 7.3 7.2 7.0 6.8 6.8 6.5 6.0 6.0 5.8 5.8 5.4 5.4 5.4 5.3 3.5 3.4 3.2 2.2 1.9 1.1 0.0 Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Guaranty agency Rhode Island Tennessee Montana Texas Kentucky Louisiana Georgia Missouri Florida Michigan Oklahoma Washington Nebraska California Connecticut New York Arkansas New Jersey Colorado USAF ECMC Oregon Massachusetts Wisconsin Illinois Iowa Pennsylvania Maine North Carolina Utah Vermont South Dakota New Hampshire South Carolina New Mexico North Dakota * The borrower cohort default rate is the fraction of borrowers entering repayment in a given fiscal year who default by the end of the following fiscal year 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Office of Student Financial Assistance Programs 204 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table 52c. Federal Family Education Loan (FFEL) program cohort default rate for guaranty agencies: FY 19991 Borrower default rate* (%) 7.7 6.0 5.0 4.6 4.8 7.3 6.4 4.9 5.8 6.4 6.6 5.5 4.2 6.0 5.4 7.9 5.7 2.2 6.2 6.3 5.5 6.1 1.8 5.9 3.9 5.1 5.7 4.8 2.6 6.7 6.9 6.0 2.9 3.1 5.5 5.4 Number of borrowers in default 1,323 12,628 2,129 1,016 2,876 7,180 3,686 4,533 2,352 3,931 2,935 612 3,463 4,604 2,890 756 1,093 327 2,996 826 10,119 2,692 200 2,066 1,148 8,438 838 1,348 293 2,772 9,114 13,438 590 288 3,166 12,089 Number of borrowers in repayment 17,082 208,634 42,455 21,947 59,413 97,506 56,807 90,745 40,260 61,819 44,338 11,068 81,682 76,545 52,571 9,525 19,029 14,565 48,256 12,913 183,242 43,519 10,694 34,898 28,707 165,865 14,499 28,022 11,146 41,199 130,880 222,920 20,074 9,006 57,885 224,578 Default rate (%) 7.9 7.7 7.3 6.9 6.7 6.6 6.4 6.4 6.3 6.2 6.1 6.0 6.0 6.0 5.9 5.8 5.7 5.7 5.5 5.5 5.5 5.4 5.4 5.1 5.0 4.9 4.8 4.8 4.6 4.2 3.9 3.1 2.9 2.6 2.2 1.8 Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Guaranty agency Montana Arkansas Florida Texas Tennessee Louisiana Georgia Kentucky New Mexico New Jersey North Carolina USAF California Michigan Oklahoma Iowa Nebraska Rhode Island Maine New York Washington Missouri Wisconsin Pennsylvania Colorado Illinois ECMC South Carolina Connecticut Massachusetts Oregon Vermont Utah South Dakota New Hampshire North Dakota * The borrower cohort default rate is the fraction of borrowers entering repayment in a given fiscal year who default by the end of the following fiscal year 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. Defaults and Collections SOURCE: U.S. Department of Education, Office of Postsecondary Education, Office of Student Financial Assistance Programs Federal Student Loan Programs Data Book I FY 1997-FY 2000 205 Tables 53-58. Federal Family Education Loan (FFEL) program default dollars paid to lenders for Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), Supplemental Loan for Students (SLS), and Consolidation loans, by guaranty agency: FY 1997-FY 2000 Effective October 7, 1998, a loan falls into default after 270 days of delinquency. Prior to this date, a loan fell into default after 180 days of delinquency. A lender must file its default claim with the guaranty agency within 90 days of the loan’s default. The guaranty agency may request a reinsurance claim from the Department of Education within 45 days after a default claim is paid. Table 58 shows default claims paid to lenders, by guaranty agency, in FY 1997-FY 2000. The summary includes the percent change from the prior year, the percent share of total, ranking for each guaranty agency, and total FFEL program default dollars paid to lenders during these years. This information is also summarized for each type of FFEL loan: Stafford Subsidized, Stafford Unsubsidized, PLUS, SLS, and Consolidation in tables 53-57, respectively. I The dollar amount guaranty agencies paid to lenders as a result of borrower defaults on FFEL program loans decreased between FY 1997 and FY 1999, from $3.0 billion to $2.0 billion, but then rose again slightly to $2.1 billion in FY 2000 (see table G for the default costs and percent change from prior year). Defaults paid to lenders of Stafford Subsidized loans decreased annually from FY 1997 to FY 1998 (5.9 percent) and FY 1998 to FY 1999 (33.9 percent), but decreased only slightly from FY 1999 to FY 2000 (0.5 percent). Defaults paid to lenders decreased from $1.7 billion in FY 1997 to slightly less than $1.1 billion in FY 2000 (see table G). Because of the newness of the Stafford Unsubsidized program, default dollar volume was fluctuated between FY 1997-FY 2000. Guaranty agency default payments to lenders in the Stafford Unsubsidized program grew 47.0 percent in FY 1998, then fell 11.0 percent in FY 1999, and grew 36.1 percent in FY 2000. Default payments paid to lenders in FY 2000 stood at $513 million (see table G). I I Table G. Total default dollar volume and percent change from prior years, by loan program: FY 1997-FY 2000 (subset of tables 53-58) ($ in 000’s) FY97 Stafford Subsidized Change from prior year Stafford Unsubsidized Change from prior year PLUS Change from prior year SLS Change from prior year Consolidation Change from prior year FFEL program total Change from prior year — Not applicable. NOTES: Details may not add to totals due to rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. FY98 $1,631,126 -5.9% $423,315 47.0% $100,971 -10.7% $236,459 -25.3% $551,457 2.5% $2,943,419 -1.6% — FY99 $1,078,962 -33.9% $376,753 -11.0% $72,155 -28.5% $127,783 -46.0% $371,720 -32.6% $2,027,373 -31.1% FY00 $1,073,975 -0.5% $512,626 36.1% $66,223 -8.2% $90,702 -29.0% $358,399 -3.6% $2,101,924 3.7% $1,733,986 $288,067 — $113,069 — $316,677 — $538,044 — $2,989,843 — 206 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Tables 53-58. (continued) I Guaranty agency default payments to lenders in the PLUS program decreased annually from FY 1997 to FY 2000. From FY 1997 to FY 1998, default payments decreased by 10.7 percent, then fell 28.5 percent in FY 1999, and fell again in FY 2000 by 8.2 percent. Default payments paid to lenders in FY 2000 stood at $66 million (see table G). Guaranty agency default payments to lenders for SLS loans decreased considerably from $316 million in FY 1997 to $91 million in FY 2000 (see table G). Default dollars paid to lenders for consolidated loans increased slightly between FY 1997 and FY 1998, but fell by nearly one-third in FY 1999. Guaranty agency default payments decreased by 3.6 percent in FY 2000 (see table G). In FY 1997-FY 2000, USAF consistently paid between 27 and 28 percent of the total default payments paid to lenders participating in the FFEL program (see table 58). Excluding USAF, three guaranty agencies comprised a large portion of the total default payments paid to lenders in FY 1997-FY 1999. California, Texas, and Wisconsin, together, paid approximately 24 percent of the total default payments made to lenders during this period. In FY 2000, three guaranty agencies other than USAF that comprised a large portion of the total default payments were California, Pennsylvania, and New York. These three states paid 25.9 percent of the total default payments made to lenders in FY 2000 (see table 58). Seven guaranty agencies (Florida, Maine, New Mexico, North Carolina, North Dakota, South Carolina, and South Dakota) made higher default payments to lenders in FY 2000 than in FY 1997. All other guaranty agencies had lower default payments to lenders in FY 2000 than in FY 1997 (see table 58). I I I I I Defaults and Collections Federal Student Loan Programs Data Book I FY 1997-FY 2000 207 208 Federal Student Loan Programs Data Book I Table 53. Federal Family Education Loan (FFEL) program default dollars paid to lenders for Stafford Subsidized loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 11,553 161,757 14,513 14,919 28,469 46,528 23,106 65,314 21,648 39,632 16,149 6,851 63,689 38,631 27,861 11,581 31,751 9,431 32,694 7,634 134,385 10,546 2,358 29,196 14,250 108,019 11,618 5,051 1,985 30,968 127,389 393,440 12,739 3,510 32,339 142,485 1,733,986 FY98 9,590 125,273 16,109 13,192 25,554 47,506 18,972 58,215 15,364 28,619 15,630 6,549 64,272 34,607 31,766 8,340 30,635 5,168 30,416 9,656 131,214 14,797 2,126 20,274 10,220 128,387 12,634 5,700 3,131 31,247 113,694 369,878 15,935 3,720 27,433 145,300 1,631,126 FY991 7,160 71,063 11,870 6,517 20,359 38,997 13,340 36,168 12,899 15,958 13,760 4,010 36,998 21,685 17,893 6,417 14,970 1,272 14,620 7,937 70,656 16,163 4,552 17,436 6,045 82,591 7,644 7,131 2,300 20,330 86,875 260,276 3,670 3,071 20,582 95,746 1,078,962 FY001 8,044 95,061 11,092 6,858 13,826 47,529 19,774 34,806 11,465 10,237 10,716 6,933 36,908 21,382 14,519 6,518 16,546 2,678 10,682 10,739 64,347 14,438 4,249 17,476 3,312 88,074 7,959 6,980 2,522 18,385 80,658 270,325 3,108 2,902 14,447 78,478 1,073,975 Percent change from: FY97FY98 -17.0 -22.6 11.0 -11.6 -10.2 2.1 -17.9 -10.9 -29.0 -27.8 -3.2 -4.4 0.9 -10.4 14.0 -28.0 -3.5 -45.2 -7.0 26.5 -2.4 40.3 -9.8 -30.6 -28.3 18.9 8.8 12.8 57.7 0.9 -10.8 -6.0 25.1 6.0 -15.2 2.0 -5.9 FY98FY99 -25.3 -43.3 -26.3 -50.6 -20.3 -17.9 -29.7 -37.9 -16.0 -44.2 -12.0 -38.8 -42.4 -37.3 -43.7 -23.1 -51.1 -75.4 -51.9 -17.8 -46.2 9.2 114.1 -14.0 -40.9 -35.7 -39.5 25.1 -26.5 -34.9 -23.6 -29.6 -77.0 -17.4 -25.0 -34.1 -33.9 FY99FY00 12.3 33.8 -6.6 5.2 -32.1 21.9 48.2 -3.8 -11.1 -35.9 -22.1 72.9 -0.2 -1.4 -18.9 1.6 10.5 110.5 -26.9 35.3 -8.9 -10.7 -6.7 0.2 -45.2 6.6 4.1 -2.1 9.6 -9.6 -7.2 3.9 -15.3 -5.5 -29.8 -18.0 -0.5 FY97 0.7 9.3 0.8 0.9 1.6 2.7 1.3 3.8 1.2 2.3 0.9 0.4 3.7 2.2 1.6 0.7 1.8 0.5 1.9 0.4 7.8 0.6 0.1 1.7 0.8 6.2 0.7 0.3 0.1 1.8 7.3 22.7 0.7 0.2 1.9 8.2 100.0 Percent share of total FY98 0.6 7.7 1.0 0.8 1.6 2.9 1.2 3.6 0.9 1.8 1.0 0.4 3.9 2.1 1.9 0.5 1.9 0.3 1.9 0.6 8.0 0.9 0.1 1.2 0.6 7.9 0.8 0.3 0.2 1.9 7.0 22.7 1.0 0.2 1.7 8.9 100.0 FY991 0.7 6.6 1.1 0.6 1.9 3.6 1.2 3.4 1.2 1.5 1.3 0.4 3.4 2.0 1.7 0.6 1.4 0.1 1.4 0.7 6.5 1.5 0.4 1.6 0.6 7.7 0.7 0.7 0.2 1.9 8.1 24.1 0.3 0.3 1.9 8.9 100.0 FY001 0.7 8.9 1.0 0.6 1.3 4.4 1.8 3.2 1.1 1.0 1.0 0.6 3.4 2.0 1.4 0.6 1.5 0.2 1.0 1.0 6.0 1.3 0.4 1.6 0.3 8.2 0.7 0.6 0.2 1.7 7.5 25.2 0.3 0.3 1.3 7.3 100.0 FY97 28 2 23 22 17 9 19 7 20 10 21 32 8 11 18 27 14 30 12 31 4 29 35 16 24 6 26 33 36 15 5 1 25 34 13 3 FY98 29 5 20 25 17 9 19 8 23 15 22 31 7 10 11 30 13 33 14 28 3 24 36 18 27 4 26 32 35 12 6 1 21 34 16 2 Rank FY991 26 5 23 28 12 7 21 9 22 17 20 32 8 10 14 29 18 36 19 24 6 16 31 15 30 4 25 27 35 13 3 1 33 34 11 2 FY001 25 2 20 29 18 7 11 9 19 24 22 28 8 10 15 30 14 35 23 21 6 17 31 13 32 3 26 27 36 12 4 1 33 34 16 5 FY 1997-FY 2000 NOTES: Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. Defaults and Collections Federal Student Loan Programs Data Book I Table 54. Federal Family Education Loan (FFEL) program default dollars paid to lenders for Stafford Unsubsidized loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 1,132 52,710 3,786 3,554 4,462 6,894 3,912 6,467 3,179 5,408 2,271 967 8,214 5,409 3,785 1,569 3,276 1,290 5,856 631 18,521 784 241 4,465 2,411 16,911 2,542 596 561 3,944 17,016 64,684 1,410 593 7,341 21,274 288,067 FY98 1,619 71,897 6,089 4,332 5,673 12,967 4,927 9,937 2,962 6,661 3,065 1,502 8,291 6,576 6,079 2,066 6,218 1,611 7,786 1,243 33,639 1,854 345 5,195 2,346 29,232 4,492 942 1,013 5,783 26,112 98,396 2,521 968 9,514 29,460 423,315 FY991 1,511 54,725 5,418 2,904 5,586 12,399 5,284 7,300 3,168 5,309 3,302 953 4,768 6,658 5,738 2,215 4,506 580 4,884 1,677 25,852 2,660 560 5,318 2,032 29,728 3,586 1,803 1,053 6,194 27,554 91,734 1,364 1,054 7,866 29,509 376,753 FY001 2,783 86,028 7,119 3,002 4,792 19,986 6,021 9,282 3,888 4,615 3,418 2,153 37,213 7,910 6,369 2,794 7,205 1,122 5,296 2,576 30,575 3,638 928 6,649 1,534 34,339 4,071 2,060 1,490 7,136 33,066 121,281 1,594 1,502 8,108 31,078 512,626 Percent change from: FY97FY98 43.1 36.4 60.8 21.9 27.1 88.1 26.0 53.6 -6.8 23.2 35.0 55.3 0.9 21.6 60.6 31.7 89.8 24.8 33.0 97.1 81.6 136.6 43.2 16.3 -2.7 72.9 76.7 58.1 80.5 46.6 53.5 52.1 78.8 63.4 29.6 38.5 47.0 FY98FY99 -6.7 -23.9 -11.0 -33.0 -1.5 -4.4 7.2 -26.5 7.0 -20.3 7.7 -36.5 -42.5 1.2 -5.6 7.2 -27.5 -64.0 -37.3 34.9 -23.1 43.5 62.3 2.4 -13.4 1.7 -20.2 91.5 4.0 7.1 5.5 -6.8 -45.9 8.8 -17.3 0.2 -11.0 FY99FY00 84.2 57.2 31.4 3.4 -14.2 61.2 13.9 27.1 22.7 -13.1 3.5 125.8 680.4 18.8 11.0 26.2 59.9 93.4 8.5 53.6 18.3 36.8 65.6 25.0 -24.5 15.5 13.5 14.2 41.5 15.2 20.0 32.2 16.9 42.5 3.1 5.3 36.1 FY97 0.4 18.3 1.3 1.2 1.5 2.4 1.4 2.2 1.1 1.9 0.8 0.3 2.9 1.9 1.3 0.5 1.1 0.4 2.0 0.2 6.4 0.3 0.1 1.6 0.8 5.9 0.9 0.2 0.2 1.4 5.9 22.5 0.5 0.2 2.5 7.4 100.0 Percent share of total FY98 0.4 17.0 1.4 1.0 1.3 3.1 1.2 2.3 0.7 1.6 0.7 0.4 2.0 1.6 1.4 0.5 1.5 0.4 1.8 0.3 7.9 0.4 0.1 1.2 0.6 6.9 1.1 0.2 0.2 1.4 6.2 23.2 0.6 0.2 2.2 7.0 100.0 FY991 0.4 14.5 1.4 0.8 1.5 3.3 1.4 1.9 0.8 1.4 0.9 0.3 1.3 1.8 1.5 0.6 1.2 0.2 1.3 0.4 6.9 0.7 0.1 1.4 0.5 7.9 1.0 0.5 0.3 1.6 7.3 24.3 0.4 0.3 2.1 7.8 100.0 FY001 0.5 16.8 1.4 0.6 0.9 3.9 1.2 1.8 0.8 0.9 0.7 0.4 7.3 1.5 1.2 0.5 1.4 0.2 1.0 0.5 6.0 0.7 0.2 1.3 0.3 6.7 0.8 0.4 0.3 1.4 6.5 23.7 0.3 0.3 1.6 6.1 100.0 FY97 29 2 18 20 15 9 17 10 22 13 25 30 7 12 19 26 21 28 11 32 4 31 36 14 24 6 23 33 35 16 5 1 27 34 8 3 FY98 29 2 15 22 18 7 20 8 24 12 23 31 10 13 16 27 14 30 11 32 3 28 36 19 26 5 21 35 33 17 6 1 25 34 9 4 Rank FY991 30 2 14 24 13 7 17 9 23 16 22 34 19 10 12 26 20 35 18 29 6 25 36 15 27 3 21 28 33 11 5 1 31 32 8 4 FY001 27 2 14 25 19 8 17 9 22 20 24 29 3 11 16 26 12 35 18 28 7 23 36 15 32 4 21 30 34 13 5 1 31 33 10 6 FY 1997-FY 2000 NOTES: The Stafford Unsubsidized program began in FY93. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 209 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. 210 Federal Student Loan Programs Data Book I Table 55. Federal Family Education Loan (FFEL) program default dollars paid to lenders for Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 315 5,649 1,038 1,123 2,379 2,128 1,225 2,047 1,014 869 563 276 7,183 1,019 842 394 2,245 228 2,698 29 7,440 47 38 1,322 513 3,324 2,116 128 45 619 5,600 47,775 219 550 850 9,217 113,069 FY98 398 6,032 932 1,186 2,080 1,965 949 1,855 818 525 322 366 6,653 794 892 209 2,506 239 3,133 9 8,035 267 12 916 148 4,402 2,193 169 22 652 4,097 37,847 222 713 921 8,491 100,971 FY991 168 4,041 575 756 1,372 1,942 717 1,633 550 521 377 113 3,162 769 545 150 1,484 101 1,375 15 6,002 209 108 531 70 4,084 1,443 201 22 443 3,375 28,008 101 705 661 5,823 72,155 FY001 405 5,308 472 862 895 2,844 919 1,254 305 164 248 178 4,031 445 461 223 937 193 1,044 14 5,665 150 100 477 38 4,394 1,576 184 99 366 2,722 23,235 53 405 515 5,041 66,223 Percent change from: FY97FY98 26.7 6.8 -10.2 5.6 -12.6 -7.7 -22.5 -9.4 -19.3 -39.6 -42.8 32.9 -7.4 -22.1 5.9 -46.9 11.6 5.0 16.1 -70.0 8.0 466.7 -68.3 -30.7 -71.1 32.4 3.6 31.9 -50.8 5.2 -26.8 -20.8 1.5 29.7 8.2 -7.9 -10.7 FY98FY99 -57.8 -33.0 -38.3 -36.2 -34.0 -1.2 -24.5 -12.0 -32.7 -0.7 17.1 -69.2 -52.5 -3.1 -38.9 -28.5 -40.8 -57.9 -56.1 76.0 -25.3 -21.7 782.7 -42.0 -52.5 -7.2 -34.2 19.0 -3.2 -32.0 -17.6 -26.0 -54.5 -1.1 -28.2 -31.4 -28.5 FY99FY00 141.0 31.3 -17.8 14.0 -34.8 46.5 28.2 -23.2 -44.5 -68.6 -34.1 57.5 27.5 -42.1 -15.4 48.9 -36.9 91.2 -24.0 -9.2 -5.6 -28.2 -7.4 -10.2 -45.6 7.6 9.2 -8.8 356.0 -17.3 -19.3 -17.0 -47.4 -42.6 -22.2 -13.4 -8.2 FY97 0.3 5.0 0.9 1.0 2.1 1.9 1.1 1.8 0.9 0.8 0.5 0.2 6.4 0.9 0.7 0.3 2.0 0.2 2.4 0.0 6.6 0.0 0.0 1.2 0.5 2.9 1.9 0.1 0.0 0.5 5.0 42.3 0.2 0.5 0.8 8.2 100.0 Percent share of total FY98 0.4 6.0 0.9 1.2 2.1 1.9 0.9 1.8 0.8 0.5 0.3 0.4 6.6 0.8 0.9 0.2 2.5 0.2 3.1 0.0 8.0 0.3 0.0 0.9 0.1 4.4 2.2 0.2 0.0 0.6 4.1 37.5 0.2 0.7 0.9 8.4 100.0 FY991 0.2 5.6 0.8 1.0 1.9 2.7 1.0 2.3 0.8 0.7 0.5 0.2 4.4 1.1 0.8 0.2 2.1 0.1 1.9 0.0 8.3 0.3 0.1 0.7 0.1 5.7 2.0 0.3 0.0 0.6 4.7 38.8 0.1 1.0 0.9 8.1 100.0 FY001 0.6 8.0 0.7 1.3 1.4 4.3 1.4 1.9 0.5 0.2 0.4 0.3 6.1 0.7 0.7 0.3 1.4 0.3 1.6 0.0 8.6 0.2 0.2 0.7 0.1 6.6 2.4 0.3 0.1 0.6 4.1 35.1 0.1 0.6 0.8 7.6 100.0 FY97 28 5 17 16 9 11 15 13 19 20 24 29 4 18 22 27 10 30 8 36 3 33 35 14 26 7 12 32 34 23 6 1 31 25 21 2 FY98 25 5 16 14 11 12 15 13 20 24 27 26 4 21 19 31 9 29 8 36 3 28 35 18 33 6 10 32 34 23 7 1 30 22 17 2 Rank FY991 28 5 19 15 13 8 16 9 20 23 25 30 7 14 21 29 10 33 12 36 2 26 31 22 34 4 11 27 35 24 6 1 32 17 18 3 FY001 22 3 18 15 14 7 13 10 24 30 25 29 6 20 19 26 12 27 11 36 2 31 32 17 35 5 9 28 33 23 8 1 34 21 16 4 FY 1997-FY 2000 NOTES: Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. Defaults and Collections Federal Student Loan Programs Data Book I Table 56. Federal Family Education Loan (FFEL) program default dollars paid to lenders for Supplemental Loan for Students (SLS) loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 545 43,668 6,481 1,912 5,222 7,291 2,359 8,514 3,605 2,874 1,302 832 14,634 3,264 4,200 2,567 8,777 1,393 3,562 334 23,265 1,120 209 4,554 2,220 13,014 1,965 233 140 2,972 17,024 93,851 1,566 737 4,063 26,405 316,677 FY98 206 26,666 4,801 1,078 3,705 6,115 1,824 7,351 2,508 1,410 766 704 12,000 2,486 3,580 1,441 7,799 731 2,927 405 16,117 1,382 159 2,553 1,309 12,628 1,292 415 223 2,475 11,734 67,101 1,362 680 2,241 26,373 236,549 FY991 354 12,751 2,430 855 2,299 3,534 942 3,795 1,705 595 671 218 7,000 1,212 1,747 968 2,330 283 913 230 6,668 1,291 213 1,745 766 6,039 362 425 99 1,129 7,542 40,949 256 563 1,160 13,743 127,783 FY001 — 13,281 1,699 416 1,117 3,163 897 3,204 1,187 309 383 450 2,938 1,644 1,049 564 1,681 422 278 281 4,152 869 285 1,112 405 4,790 297 307 79 761 3,997 31,860 122 309 398 5,995 90,702 Percent change from: FY97FY98 -62.3 -38.9 -25.9 -43.6 -29.1 -16.1 -22.7 -13.7 -30.4 -50.9 -41.1 -15.4 -18.0 -23.8 -14.8 -43.9 -11.1 -47.5 -17.8 21.2 -30.7 23.4 -24.0 -43.9 -41.0 -3.0 -34.3 77.9 59.6 -16.7 -31.1 -28.5 -13.1 -7.8 -44.8 -0.1 -25.3 FY98FY99 72.1 -52.2 -49.4 -20.6 -37.9 -42.2 -48.4 -48.4 -32.0 -57.8 -12.4 -69.1 -41.7 -51.3 -51.2 -32.8 -70.1 -61.4 -68.8 -43.2 -58.6 -6.6 33.6 -31.6 -41.5 -52.2 -72.0 2.3 -55.5 -54.4 -35.7 -39.0 -81.2 -17.1 -48.3 -47.9 -46.0 FY99FY00 — 4.2 -30.1 -51.3 -51.4 -10.5 -4.8 -15.6 -30.4 -48.0 -43.0 106.7 -58.0 35.7 -39.9 -41.7 -27.9 49.4 -69.5 22.1 -37.7 -32.7 33.8 -36.3 -47.2 -20.7 -18.1 -27.6 -20.0 -32.6 -47.0 -22.2 -52.4 -45.2 -65.7 -56.4 -29.0 FY97 0.2 13.8 2.0 0.6 1.6 2.3 0.7 2.7 1.1 0.9 0.4 0.3 4.6 1.0 1.3 0.8 2.8 0.4 1.1 0.1 7.3 0.4 0.1 1.4 0.7 4.1 0.6 0.1 0.0 0.9 5.4 29.6 0.5 0.2 1.3 8.3 100.0 Percent share of total FY98 0.1 11.3 2.0 0.5 1.6 2.6 0.8 3.1 1.1 0.6 0.3 0.3 5.1 1.1 1.5 0.6 3.3 0.3 1.2 0.2 6.8 0.6 0.1 1.1 0.6 5.3 0.5 0.2 0.1 1.0 5.0 28.4 0.6 0.3 0.9 11.1 100.0 FY991 0.3 10.0 1.9 0.7 1.8 2.8 0.7 3.0 1.3 0.5 0.5 0.2 5.5 0.9 1.4 0.8 1.8 0.2 0.7 0.2 5.2 1.0 0.2 1.4 0.6 4.7 0.3 0.3 0.1 0.9 5.9 32.0 0.2 0.4 0.9 10.8 100.0 FY001 — 14.6 1.9 0.5 1.2 3.5 1.0 3.5 1.3 0.3 0.4 0.5 3.2 1.8 1.2 0.6 1.9 0.5 0.3 0.3 4.6 1.0 0.3 1.2 0.4 5.3 0.3 0.3 0.1 0.8 4.4 35.1 0.1 0.3 0.4 6.6 100.0 FY97 32 2 11 25 12 10 22 9 16 20 28 30 6 18 14 21 8 27 17 33 4 29 35 13 23 7 24 34 36 19 5 1 26 31 15 3 FY98 35 2 11 27 12 10 20 9 16 22 28 30 6 17 13 21 8 29 14 33 4 23 36 15 25 5 26 32 34 18 7 1 24 31 19 3 Rank FY991 30 3 10 23 12 9 21 8 15 26 25 34 5 17 13 20 11 31 22 33 6 16 35 14 24 7 29 28 36 19 4 1 32 27 18 2 FY001 — 2 10 23 14 8 17 7 13 27 26 21 9 12 16 20 11 22 33 32 5 18 31 15 24 4 30 29 35 19 6 1 34 28 25 3 FY 1997-FY 2000 NOTES: The SLS program disbursed its last loans in FY94. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. 211 212 Federal Student Loan Programs Data Book I Table 57. Federal Family Education Loan (FFEL) program default dollars paid to lenders for Consolidation loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 1,411 54,144 6,394 362 170 1,306 306 36,348 3,595 2,477 794 581 13,756 1,823 7,286 4,420 14,858 621 19,193 189 13,199 — 24 8,238 278 31,462 678 116 1,088 1,723 49,620 236,023 2,182 577 8,562 14,239 538,044 FY98 1,108 54,277 7,212 1,817 199 546 109 24,139 4,330 2,382 541 598 15,679 2,056 7,910 2,691 23,678 242 18,072 542 13,290 — 108 4,909 508 34,791 1,399 68 1,388 2,591 56,013 235,721 2,416 468 8,308 21,354 551,457 FY991 787 32,941 5,538 2,501 223 2,193 438 16,477 3,386 1,532 705 186 10,122 6,013 4,914 2,926 12,006 199 9,056 686 20,919 — 345 5,596 545 31,410 687 495 955 3,145 34,444 142,722 401 231 5,968 11,030 371,720 FY001 1,249 42,309 4,810 2,563 2,209 5,347 402 16,231 5,092 1,637 919 568 6,463 3,539 4,259 2,465 10,885 80 5,471 706 41,463 48 384 6,024 229 24,875 615 473 718 3,370 23,583 126,178 413 791 4,379 7,653 358,399 Percent change from: FY97FY98 -21.5 0.2 12.8 402.4 17.1 -58.2 -64.2 -33.6 20.4 -3.9 -31.9 2.9 14.0 12.8 8.6 -39.1 59.4 -61.1 -5.8 187.6 0.7 — 343.8 -40.4 82.3 10.6 106.4 -42.0 27.5 50.4 12.9 -0.1 10.7 -18.9 -3.0 50.0 2.5 FY98FY99 -28.9 -39.3 -23.2 37.6 12.2 301.6 300.6 -31.7 -21.8 -35.7 30.2 -69.0 -35.4 192.5 -37.9 8.7 -49.3 -17.7 -49.9 26.5 57.4 — 219.9 14.0 7.4 -9.7 -50.9 632.9 -31.2 21.4 -38.5 -39.5 -83.4 -50.6 -28.2 -48.3 -32.6 FY99FY00 58.6 28.4 -13.1 2.5 890.7 143.9 -8.3 -1.5 50.4 6.8 30.4 205.9 -36.1 -41.2 -13.3 -15.8 -9.3 -59.9 -39.6 2.9 98.2 — 11.2 7.6 -57.9 -20.8 -10.6 -4.5 -24.7 7.1 -31.5 -11.6 3.2 242.4 -26.6 -30.6 -3.6 FY97 0.3 10.1 1.2 0.1 0.0 0.2 0.1 6.8 0.7 0.5 0.1 0.1 2.6 0.3 1.4 0.8 2.8 0.1 3.6 0.0 2.5 — 0.0 1.5 0.1 5.8 0.1 0.0 0.2 0.3 9.2 43.9 0.4 0.1 1.6 2.6 100.0 Percent share of total FY98 0.2 9.8 1.3 0.3 0.0 0.1 0.0 4.4 0.8 0.4 0.1 0.1 2.8 0.4 1.4 0.5 4.3 0.0 3.3 0.1 2.4 — 0.0 0.9 0.1 6.3 0.3 0.0 0.3 0.5 10.2 42.7 0.4 0.1 1.5 3.9 100.0 FY991 0.2 8.9 1.5 0.7 0.1 0.6 0.1 4.4 0.9 0.4 0.2 0.0 2.7 1.6 1.3 0.8 3.2 0.1 2.4 0.2 5.6 — 0.1 1.5 0.1 8.4 0.2 0.1 0.3 0.8 9.3 38.4 0.1 0.1 1.6 3.0 100.0 FY001 0.3 11.8 1.3 0.7 0.6 1.5 0.1 4.5 1.4 0.5 0.3 0.2 1.8 1.0 1.2 0.7 3.0 0.0 1.5 0.2 11.6 — 0.1 1.7 0.1 6.9 0.2 0.1 0.2 0.9 6.6 35.2 0.1 0.2 1.2 2.1 100.0 FY97 21 2 14 29 33 22 30 4 16 17 24 27 9 19 13 15 7 26 6 32 10 — 35 12 31 5 25 34 23 20 3 1 18 28 11 8 FY98 24 3 13 21 32 26 33 5 15 19 28 25 9 20 12 16 6 31 8 27 10 — 34 14 29 4 22 35 23 17 2 1 18 30 11 7 Rank FY991 23 3 14 19 33 20 29 6 16 21 24 35 9 11 15 18 7 34 10 26 5 — 31 13 27 4 25 28 22 17 2 1 30 32 12 8 FY001 23 2 14 19 21 12 32 6 13 22 24 29 9 17 16 20 7 35 11 27 3 36 33 10 34 4 28 30 26 18 5 1 31 25 15 8 FY 1997-FY 2000 NOTES: Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. Defaults and Collections Federal Student Loan Programs Data Book I Table 58. Federal Family Education Loan (FFEL) program default dollars paid to lenders for Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), Supplemental Loan for Students (SLS), and Consolidation loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 14,955 317,928 32,212 21,869 40,702 64,147 30,907 118,690 33,041 51,260 21,079 9,507 107,475 50,146 43,974 20,532 60,907 12,963 64,002 8,817 196,811 12,496 2,871 47,776 19,672 172,731 18,919 6,125 3,820 40,225 216,649 835,774 18,116 5,967 53,156 213,620 2,989,843 FY98 12,921 284,146 35,143 21,605 37,210 69,099 26,782 101,498 25,982 39,597 20,325 9,720 106,895 46,519 50,228 14,748 70,837 7,991 62,334 11,855 202,294 18,301 2,751 33,847 14,531 209,440 22,011 7,293 5,778 42,748 211,649 808,943 22,455 6,549 48,417 230,979 2,943,419 FY991 9,980 175,522 25,832 13,533 29,838 59,064 20,721 65,373 21,708 23,916 18,815 5,479 62,050 36,337 30,837 12,676 35,296 2,435 30,848 10,545 130,098 20,324 5,778 30,627 9,458 153,852 13,722 10,055 4,429 31,241 159,790 563,689 5,791 5,624 36,237 155,850 2,027,373 FY001 12,480 241,987 25,193 13,702 22,838 78,869 28,013 64,777 21,938 16,962 15,685 10,282 87,554 34,920 26,658 12,564 37,255 4,495 22,772 14,316 146,202 19,144 5,945 31,739 5,518 156,474 14,517 10,004 4,909 30,019 144,026 572,880 5,291 5,909 27,846 128,244 2,101,924 Percent change from: FY97FY98 -13.6 -10.6 9.1 -1.2 -8.6 7.7 -13.3 -14.5 -21.4 -22.8 -3.6 2.2 -0.5 -7.2 14.2 -28.2 16.3 -38.4 -2.6 34.5 2.8 46.4 -4.2 -29.2 -26.1 21.3 16.3 19.1 51.3 6.3 -2.3 -3.2 23.9 9.8 -8.9 8.1 -1.6 FY98FY99 -22.8 -38.2 -26.5 -37.4 -19.8 -14.5 -22.6 -35.6 -16.5 -39.6 -7.4 -43.6 -42.0 -21.9 -38.6 -14.1 -50.2 -69.5 -50.5 -11.0 -35.7 11.1 110.0 -9.5 -34.9 -26.5 -37.7 37.9 -23.3 -26.9 -24.5 -30.3 -74.2 -14.1 -25.2 -32.5 -31.1 FY99FY00 25.1 37.9 -2.5 1.2 -23.5 33.5 35.2 -0.9 1.1 -29.1 -16.6 87.7 41.1 -3.9 -13.6 -0.9 5.5 84.6 -26.2 35.8 12.4 -5.8 2.9 3.6 -41.7 1.7 5.8 -0.5 10.8 -3.9 -9.9 1.6 -8.6 5.1 -23.2 -17.7 3.7 FY97 0.5 10.6 1.1 0.7 1.4 2.1 1.0 4.0 1.1 1.7 0.7 0.3 3.6 1.7 1.5 0.7 2.0 0.4 2.1 0.3 6.6 0.4 0.1 1.6 0.7 5.8 0.6 0.2 0.1 1.3 7.2 28.0 0.6 0.2 1.8 7.1 100.0 Percent share of total FY98 0.4 9.7 1.2 0.7 1.3 2.3 0.9 3.4 0.9 1.3 0.7 0.3 3.6 1.6 1.7 0.5 2.4 0.3 2.1 0.4 6.9 0.6 0.1 1.1 0.5 7.1 0.7 0.2 0.2 1.5 7.2 27.5 0.8 0.2 1.6 7.8 100.0 FY991 0.5 8.7 1.3 0.7 1.5 2.9 1.0 3.2 1.1 1.2 0.9 0.3 3.1 1.8 1.5 0.6 1.7 0.1 1.5 0.5 6.4 1.0 0.3 1.5 0.5 7.6 0.7 0.5 0.2 1.5 7.9 27.8 0.3 0.3 1.8 7.7 100.0 FY001 0.6 11.5 1.2 0.7 1.1 3.8 1.3 3.1 1.0 0.8 0.7 0.5 4.2 1.7 1.3 0.6 1.8 0.2 1.1 0.7 7.0 0.9 0.3 1.5 0.3 7.4 0.7 0.5 0.2 1.4 6.9 27.3 0.3 0.3 1.3 6.1 100.0 FY97 28 2 20 22 17 9 21 7 19 13 23 31 8 14 16 24 11 29 10 32 5 30 36 15 25 6 26 33 35 18 3 1 27 34 12 4 FY98 29 2 18 24 17 10 20 8 21 16 25 31 7 14 12 27 9 32 11 30 6 26 36 19 28 5 23 33 35 15 4 1 22 34 13 3 Rank FY991 29 2 18 25 17 9 21 7 20 19 23 34 8 10 15 26 12 36 14 27 6 22 32 16 30 5 24 28 35 13 3 1 31 33 11 4 FY001 28 2 17 26 18 8 14 9 20 22 23 29 7 11 16 27 10 36 19 25 4 21 31 12 33 3 24 30 35 13 5 1 34 32 15 6 FY 1997-FY 2000 NOTES: Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. 213 Tables 59-64. Federal Family Education Loan (FFEL) program collections on defaulted loans for Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), Supplemental Loan for Students (SLS), and Consolidation loans, by guaranty agency: FY 1997-FY 2000 Collections are repayments on defaulted loans. Once the guaranty agency pays off a default claim, the lender transfers the account to that guaranty agency. The guaranty agency is then responsible for seeking out the borrower and collecting on the defaulted loan(s). If the guaranty agency is unable to collect from the borrower, it may turn the account over to the Department of Education. In FY 1993, it became mandatory that all accounts that have had no collection activity within the last three years be assigned to the Department of Education for collection; these funds are referred to as “mandatory assignments.” Table 64 presents collections on defaulted loans, by guaranty agency in FY 1997-FY 2000. The information is presented for each FFEL program (Stafford Subsidized, Stafford Unsubsidized PLUS, SLS and Consolidation) in tables 59-63, respectively. All tables report the percent change, percent share of total, and guaranty agency rank. I FFEL program collections on defaulted loans increased by 39.1 percent from FY 1997 to FY 1998 collections increased 17.3 and 35.1 percent in FY 1999 and FY 2000, respectively. Each of the individual loan programs also experienced annual increases over the period (see table H for a summary of collection volume and percent change from prior year). The Stafford Unsubsidized loan program, initiated in FY 1993, experienced the largest percentage growth, with increases of 206.7 percent from FY 1997 to FY 1998, 116.6 percent from FY 1998 to FY 1999, and 68.2 percent from FY 1999 to FY 2000 (see table H). In FY 1997-FY 2000, USAF collections on defaults represented the largest portion of FFEL program collection activity. After falling from 26.1 percent of total collections in FY 1997 to 21.9 percent in FY 1998, USAF’s share increased to 27.5 percent in FY 1999 and 31.7 percent in FY 2000 (see table 64). I I Table H. Total dollar volume and percent change of program collections on defaulted dollars, by loan program: FY 1997-FY 2000 (subset of tables 59-64) ($ in 000’s) FY97 Stafford Subsidized Change from prior year Stafford Unsubsidized Change from prior year PLUS Change from prior year SLS Change from prior year Consolidation Change from prior year FFEL program total Change from prior year — Not applicable. NOTES: Details may not add to totals due to rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. FY98 $1,479,200 37.8% $64,908 206.7% $130,529 52.6% $180,534 4.6% $153,397 67.5% $2,008,568 39.1% — FY99 $1,562,817 5.7% $140,578 116.6% $142,766 9.4% $198,045 9.7% $310,948 102.7% $2,355,154 17.3% FY00 $2,057,255 31.6% $236,471 68.2% $191,448 34.1% $212,473 7.3% $484,542 55.8% $3,182,189 35.1% $1,073,148 $21,162 — $85,529 — $172,589 — $91,595 — $144,022 — 214 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Tables 59-64. (continued) I In FY 1999 and FY 2000, the three guaranty agencies other than USAF collecting the largest proportions of FFEL defaulted loans were California, New York, and Texas. These three agencies accounted for approximately 27 percent of FFEL program collection activity each of the two years (see table 64). Only Wisconsin collected fewer defaulted dollars in FY 2000 than in FY 1997. All other guaranty agencies collected more defaulted loan dollars in FY 2000 than in FY 1997 (see table 64). The rank of ECMC fell each year from 17 in FY 1997, to 15 in FY 1998, to 10 in FY 1999, and to 9 in FY 2000. The rank of Florida increased each year from 13 in FY 1997, to 17 in FY 1998, to 19 in FY 1999, and to 23 in FY 2000. Although the other agencies changed rank as well, they did not show such a consistent pattern over the period (see table 64). I I Defaults and Collections Federal Student Loan Programs Data Book I FY 1997-FY 2000 215 216 Federal Student Loan Programs Data Book I Table 59. Federal Family Education Loan (FFEL) program collections on defaulted loans for Stafford Subsidized loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 3,902 94,955 10,310 22,069 12,240 14,956 7,769 48,747 12,907 13,235 10,009 3,122 35,470 21,605 11,341 2,647 23,534 4,134 30,128 2,934 138,906 3,387 2,107 12,132 6,988 60,658 4,448 2,784 1,982 12,607 111,514 240,573 6,936 1,117 13,858 67,135 1,073,148 FY98 5,119 109,754 32,405 25,537 26,884 25,942 21,183 69,903 14,354 14,481 12,805 3,927 85,145 28,963 45,360 5,677 33,348 6,138 51,411 3,359 162,700 3,448 4,752 17,362 13,015 144,871 6,954 2,482 5,868 31,491 106,406 260,243 9,695 1,866 27,022 59,331 1,479,200 FY991 7,994 193,289 19,065 19,240 42,529 18,535 12,054 96,406 12,103 19,223 18,288 5,545 79,937 25,265 26,403 7,562 33,441 5,669 41,040 5,219 168,148 4,487 3,443 18,062 9,453 84,336 8,869 3,378 4,563 27,254 117,255 320,333 8,295 5,432 14,358 76,345 1,562,817 FY001 11,743 231,911 15,187 25,541 62,987 16,133 23,568 112,204 27,655 29,961 17,947 9,152 84,614 62,362 27,292 8,678 33,720 4,282 37,807 6,171 153,765 6,082 4,689 22,782 10,072 105,360 11,712 3,778 6,045 26,979 270,748 479,799 8,507 3,779 18,267 75,975 2,057,255 Percent change from: FY97FY98 31.2 15.6 214.3 15.7 119.6 73.5 172.6 43.4 11.2 9.4 27.9 25.8 140.0 34.1 300.0 114.4 41.7 48.5 70.6 14.5 17.1 1.8 125.6 43.1 86.2 138.8 56.3 -10.8 196.0 149.8 -4.6 8.2 39.8 67.1 95.0 -11.6 37.8 FY98FY99 56.2 76.1 -41.2 -24.7 58.2 -28.6 -43.1 37.9 -15.7 32.7 42.8 41.2 -6.1 -12.8 -41.8 33.2 0.3 -7.6 -20.2 55.4 3.3 30.1 -27.6 4.0 -27.4 -41.8 27.5 36.1 -22.2 -13.5 10.2 23.1 -14.4 191.1 -46.9 28.7 5.7 FY99FY00 46.9 20.0 -20.3 32.8 48.1 -13.0 95.5 16.4 128.5 55.9 -1.9 65.0 5.9 146.8 3.4 14.8 0.8 -24.5 -7.9 18.3 -8.6 35.5 36.2 26.1 6.6 24.9 32.1 11.9 32.5 -1.0 130.9 49.8 2.6 -30.4 27.2 -0.5 31.6 FY97 0.4 8.8 1.0 2.1 1.1 1.4 0.7 4.5 1.2 1.2 0.9 0.3 3.3 2.0 1.1 0.2 2.2 0.4 2.8 0.3 12.9 0.3 0.2 1.1 0.7 5.7 0.4 0.3 0.2 1.2 10.4 22.4 0.6 0.1 1.3 6.3 100.0 Percent share of total FY98 0.3 7.4 2.2 1.7 1.8 1.8 1.4 4.7 1.0 1.0 0.9 0.3 5.8 2.0 3.1 0.4 2.3 0.4 3.5 0.2 11.0 0.2 0.3 1.2 0.9 9.8 0.5 0.2 0.4 2.1 7.2 17.6 0.7 0.1 1.8 4.0 100.0 FY991 0.5 12.4 1.2 1.2 2.7 1.2 0.8 6.2 0.8 1.2 1.2 0.4 5.1 1.6 1.7 0.5 2.1 0.4 2.6 0.3 10.8 0.3 0.2 1.2 0.6 5.4 0.6 0.2 0.3 1.7 7.5 20.5 0.5 0.3 0.9 4.9 100.0 FY001 0.6 11.3 0.7 1.2 3.1 0.8 1.1 5.5 1.3 1.5 0.9 0.4 4.1 3.0 1.3 0.4 1.6 0.2 1.8 0.3 7.5 0.3 0.2 1.1 0.5 5.1 0.6 0.2 0.3 1.3 13.2 23.3 0.4 0.2 0.9 3.7 100.0 FY97 28 4 21 11 18 13 23 7 16 15 22 30 8 12 20 33 10 27 9 31 2 29 34 19 24 6 26 32 35 17 3 1 25 36 14 5 FY98 30 4 12 18 16 17 19 7 22 21 24 32 6 14 10 29 11 27 9 34 2 33 31 20 23 3 26 35 28 13 5 1 25 36 15 8 Rank FY991 27 2 17 15 9 18 23 5 22 16 19 30 7 14 13 28 11 29 10 32 3 34 35 20 24 6 25 36 33 12 4 1 26 31 21 8 FY001 24 3 23 17 9 22 18 5 14 13 21 27 7 10 15 28 12 34 11 30 4 31 33 19 26 6 25 36 32 16 2 1 29 35 20 8 FY 1997-FY 2000 NOTES: These numbers do not include IRS offsets or mandatory assignments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. Defaults and Collections Federal Student Loan Programs Data Book I Table 60. Federal Family Education Loan (FFEL) program collections on defaulted loans for Stafford Unsubsidized loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 50 2,575 198 95 14 197 317 419 388 301 106 82 409 349 198 81 476 61 232 20 905 21 8 188 83 579 104 30 22 219 1,359 9,237 54 25 186 1,572 21,162 FY98 109 11,033 578 136 931 539 1,783 1,594 813 664 334 224 130 797 708 450 1,226 340 725 37 3,159 61 33 762 328 2,537 454 113 96 871 4,634 22,929 191 97 1,521 3,974 64,908 FY991 476 22,674 1,700 203 4,074 994 2,301 3,999 1,630 1,958 973 538 122 1,391 2,271 994 3,046 552 1,740 158 6,927 158 115 1,707 555 5,434 1,372 219 486 2,149 10,855 45,650 476 144 2,420 10,118 140,578 FY001 1,078 28,464 1,691 1,583 7,571 1,593 2,768 9,927 2,174 5,107 1,289 1,243 120 5,446 3,628 1,701 4,980 547 2,631 312 9,395 487 328 2,894 829 11,642 2,724 378 920 3,160 15,859 86,458 664 419 3,114 13,347 236,471 Percent change from: FY97FY98 117.7 328.4 191.3 43.1 6,750.9 173.9 462.4 280.0 109.5 120.8 214.2 175.1 -68.1 128.1 256.9 454.1 157.4 459.0 211.9 79.1 249.2 196.0 323.3 304.6 292.7 337.7 337.0 279.2 333.5 298.7 241.1 148.2 250.4 282.7 716.1 152.8 206.7 FY98FY99 337.0 105.5 194.3 49.4 337.8 84.4 29.0 150.9 100.5 194.9 191.3 139.6 -6.1 74.4 220.8 120.8 148.5 62.4 140.1 331.2 119.3 158.9 252.6 123.9 69.3 114.2 202.5 94.1 404.9 146.6 134.2 99.1 149.5 48.9 59.1 154.6 116.6 FY99FY00 126.6 25.5 -0.5 678.9 85.8 60.3 20.3 148.2 33.4 160.8 32.4 131.1 -2.1 291.6 59.7 71.2 63.5 -0.9 51.2 97.1 35.6 207.7 185.9 69.5 49.4 114.2 98.6 72.6 89.5 47.0 46.1 89.4 39.5 191.4 28.7 31.9 68.2 FY97 0.2 12.2 0.9 0.4 0.1 0.9 1.5 2.0 1.8 1.4 0.5 0.4 1.9 1.7 0.9 0.4 2.3 0.3 1.1 0.1 4.3 0.1 0.0 0.9 0.4 2.7 0.5 0.1 0.1 1.0 6.4 43.6 0.3 0.1 0.9 7.4 100.0 Percent share of total FY98 0.2 17.0 0.9 0.2 1.4 0.8 2.7 2.5 1.3 1.0 0.5 0.3 0.2 1.2 1.1 0.7 1.9 0.5 1.1 0.1 4.9 0.1 0.1 1.2 0.5 3.9 0.7 0.2 0.1 1.3 7.1 35.3 0.3 0.1 2.3 6.1 100.0 FY991 0.3 16.1 1.2 0.1 2.9 0.7 1.6 2.8 1.2 1.4 0.7 0.4 0.1 1.0 1.6 0.7 2.2 0.4 1.2 0.1 4.9 0.1 0.1 1.2 0.4 3.9 1.0 0.2 0.3 1.5 7.7 32.5 0.3 0.1 1.7 7.2 100.0 FY001 0.5 12.0 0.7 0.7 3.2 0.7 1.2 4.2 0.9 2.2 0.5 0.5 0.1 2.3 1.5 0.7 2.1 0.2 1.1 0.1 4.0 0.2 0.1 1.2 0.4 4.9 1.2 0.2 0.4 1.3 6.7 36.6 0.3 0.2 1.3 5.6 100.0 FY97 29 2 17 23 35 18 12 8 10 13 21 25 9 11 16 26 7 27 14 34 5 33 36 19 24 6 22 30 32 15 4 1 28 31 20 3 FY98 31 2 19 28 11 20 7 8 13 18 24 26 29 14 17 22 10 23 16 35 5 34 36 15 25 6 21 30 33 12 3 1 27 32 9 4 Rank FY991 29 2 17 31 7 21 11 8 18 14 23 26 35 19 12 22 9 25 15 33 5 32 36 16 24 6 20 30 27 13 3 1 28 34 10 4 FY001 26 2 21 23 8 22 16 6 19 10 24 25 36 9 12 20 11 30 18 35 7 31 34 15 28 5 17 33 27 13 3 1 29 32 14 4 FY 1997-FY 2000 NOTES: The Stafford Unsubsidized program began in FY93. These numbers do not include IRS offsets or mandatory assignments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 217 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. 218 Federal Student Loan Programs Data Book I Table 61. Federal Family Education Loan (FFEL) program collections on defaulted loans for Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 224 2,932 526 678 591 825 913 1,388 661 200 316 206 2,593 602 398 118 1,482 88 1,326 8 5,145 127 24 1,094 222 1,369 370 136 23 376 5,446 49,969 149 204 305 4,496 85,529 FY98 342 3,946 1,409 941 1,250 1,099 1,814 1,660 980 200 633 623 2,842 683 1,042 982 2,192 137 2,213 8 6,711 109 39 2,302 331 2,911 851 152 36 870 5,682 80,035 227 172 600 4,507 130,529 FY991 794 6,706 951 473 2,243 875 1,087 2,062 2,693 300 968 757 2,615 928 717 1,426 2,364 99 2,166 48 7,490 113 26 2,583 298 2,873 1,421 199 48 539 5,493 85,166 184 444 898 4,720 142,766 FY001 920 7,982 903 1,009 2,865 762 1,146 2,396 2,792 648 940 1,323 2,920 4,642 681 1,551 1,744 97 2,168 118 7,669 148 47 3,228 229 3,008 1,819 187 41 519 5,077 125,565 160 371 1,636 4,140 191,448 Percent change from: FY97FY98 52.5 34.6 168.0 38.7 111.6 33.2 98.8 19.6 48.3 0.0 100.4 202.9 9.6 13.4 161.5 733.0 47.9 55.2 66.9 3.7 30.4 -14.3 63.6 110.4 49.1 112.7 129.7 11.4 57.0 131.4 4.3 60.2 52.2 -15.4 96.6 0.2 52.6 FY98FY99 132.3 69.9 -32.5 -49.7 79.4 -20.4 -40.1 24.2 174.8 50.0 52.9 21.6 -8.0 36.0 -31.2 45.2 7.9 -27.6 -2.1 482.4 11.6 4.1 -34.4 12.2 -10.0 -1.3 67.1 31.3 32.4 -38.0 -3.3 6.4 -19.1 157.4 49.6 4.7 9.4 FY99FY00 15.8 19.0 -5.1 113.4 27.7 -12.9 5.4 16.2 3.7 116.1 -2.9 74.7 11.7 400.0 -4.9 8.7 -26.2 -2.4 0.1 146.8 2.4 30.2 83.3 25.0 -22.9 4.7 28.0 -5.9 -14.2 -3.8 -7.6 47.4 -13.1 -16.5 82.1 -12.3 34.1 FY97 0.3 3.4 0.6 0.8 0.7 1.0 1.1 1.6 0.8 0.2 0.4 0.2 3.0 0.7 0.5 0.1 1.7 0.1 1.6 0.0 6.0 0.1 0.0 1.3 0.3 1.6 0.4 0.2 0.0 0.4 6.4 58.4 0.2 0.2 0.4 5.3 100.0 Percent share of total FY98 0.3 3.0 1.1 0.7 1.0 0.8 1.4 1.3 0.8 0.2 0.5 0.5 2.2 0.5 0.8 0.8 1.7 0.1 1.7 0.0 5.1 0.1 0.0 1.8 0.3 2.2 0.7 0.1 0.0 0.7 4.4 61.3 0.2 0.1 0.5 3.5 100.0 FY991 0.6 4.7 0.7 0.3 1.6 0.6 0.8 1.4 1.9 0.2 0.7 0.5 1.8 0.7 0.5 1.0 1.7 0.1 1.5 0.0 5.2 0.1 0.0 1.8 0.2 2.0 1.0 0.1 0.0 0.4 3.8 59.7 0.1 0.3 0.6 3.3 100.0 FY001 0.5 4.2 0.5 0.5 1.5 0.4 0.6 1.3 1.5 0.3 0.5 0.7 1.5 2.4 0.4 0.8 0.9 0.1 1.1 0.1 4.0 0.1 0.0 1.7 0.1 1.6 0.9 0.1 0.0 0.3 2.7 65.6 0.1 0.2 0.9 2.2 100.0 FY97 24 5 18 14 17 13 12 8 15 28 22 26 6 16 19 32 7 33 10 36 3 31 34 11 25 9 21 30 35 20 2 1 29 27 23 4 FY98 26 5 13 19 14 15 11 12 18 29 23 24 7 22 16 17 10 32 9 36 2 33 34 8 27 6 21 31 35 20 3 1 28 30 25 4 Rank FY991 22 3 18 26 11 21 16 13 7 28 17 23 8 19 24 14 10 33 12 35 2 32 36 9 29 6 15 30 34 25 4 1 31 27 20 5 FY001 22 2 23 20 10 24 19 12 11 26 21 18 9 5 25 17 15 34 13 33 3 32 35 7 29 8 14 30 36 27 4 1 31 28 16 6 FY 1997-FY 2000 NOTES: These numbers do not include IRS offsets or mandatory assignments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. Defaults and Collections Federal Student Loan Programs Data Book I Table 62. Federal Family Education Loan (FFEL) program collections on defaulted loans for Supplemental Loan for Students (SLS) loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 341 27,736 2,789 1,395 2,338 1,342 1,020 3,352 1,680 400 614 319 5,971 1,115 1,424 410 7,517 598 1,874 33 12,427 176 47 2,149 572 3,171 358 73 66 1,615 19,539 58,106 430 118 1,514 9,958 172,589 FY98 278 28,466 7,675 1,804 6,667 2,037 2,641 6,032 1,564 400 521 300 7,572 1,414 4,600 414 11,071 469 3,450 42 17,860 217 79 2,115 1,270 8,538 614 71 185 3,688 17,943 24,179 1,069 125 3,288 11,876 180,534 FY991 241 43,246 5,043 962 9,242 1,577 2,056 9,584 797 400 626 342 6,612 1,311 3,822 317 9,972 355 4,012 47 18,499 278 108 1,952 1,061 6,184 725 114 259 3,201 17,610 31,346 675 410 1,536 13,523 198,045 FY001 196 49,207 3,422 3,215 13,422 1,416 1,839 11,990 944 2,023 544 211 7,460 1,478 4,159 280 10,233 308 3,958 57 16,550 414 190 1,975 1,327 11,165 637 148 314 3,014 15,078 31,961 669 640 868 11,158 212,473 Percent change from: FY97FY98 -18.6 2.6 175.1 29.3 185.2 51.7 158.8 80.0 -6.9 0.0 -15.2 -6.1 26.8 26.7 223.1 1.0 47.3 -21.6 84.1 27.2 43.7 23.3 67.5 -1.6 122.2 169.3 71.6 -2.9 179.7 128.3 -8.2 -58.4 148.8 6.3 117.2 19.3 4.6 FY98FY99 -13.1 51.9 -34.3 -46.7 38.6 -22.6 -22.2 58.9 -49.1 0.0 20.3 13.8 -12.7 -7.2 -16.9 -23.5 -9.9 -24.2 16.3 11.8 3.6 27.9 35.7 -7.7 -16.5 -27.6 18.1 60.3 40.1 -13.2 -1.9 29.6 -36.8 227.3 -53.3 13.9 9.7 FY99FY00 -18.7 13.8 -32.2 234.2 45.2 -10.2 -10.5 25.1 18.4 405.7 -13.1 -38.3 12.8 12.7 8.8 -11.4 2.6 -13.2 -1.4 20.9 -10.5 49.1 76.4 1.2 25.1 80.6 -12.1 30.1 21.0 -5.8 -14.4 2.0 -1.0 56.2 -43.4 -17.5 7.3 FY97 0.2 16.1 1.6 0.8 1.4 0.8 0.6 1.9 1.0 0.2 0.4 0.2 3.5 0.6 0.8 0.2 4.4 0.3 1.1 0.0 7.2 0.1 0.0 1.2 0.3 1.8 0.2 0.0 0.0 0.9 11.3 33.7 0.2 0.1 0.9 5.8 100.0 Percent share of total FY98 0.2 15.8 4.3 1.0 3.7 1.1 1.5 3.3 0.9 0.2 0.3 0.2 4.2 0.8 2.5 0.2 6.1 0.3 1.9 0.0 9.9 0.1 0.0 1.2 0.7 4.7 0.3 0.0 0.1 2.0 9.9 13.4 0.6 0.1 1.8 6.6 100.0 FY991 0.1 21.8 2.5 0.5 4.7 0.8 1.0 4.8 0.4 0.2 0.3 0.2 3.3 0.7 1.9 0.2 5.0 0.2 2.0 0.0 9.3 0.1 0.1 1.0 0.5 3.1 0.4 0.1 0.1 1.6 8.9 15.8 0.3 0.2 0.8 6.8 100.0 FY001 0.1 23.2 1.6 1.5 6.3 0.7 0.9 5.6 0.4 1.0 0.3 0.1 3.5 0.7 2.0 0.1 4.8 0.1 1.9 0.0 7.8 0.2 0.1 0.9 0.6 5.3 0.3 0.1 0.1 1.4 7.1 15.0 0.3 0.3 0.4 5.3 100.0 FY97 29 2 10 18 11 19 21 8 14 27 22 30 7 20 17 26 6 23 13 36 4 31 35 12 24 9 28 33 34 15 3 1 25 32 16 5 FY98 30 1 8 19 10 18 16 11 20 28 25 29 9 21 12 27 6 26 14 36 4 31 34 17 22 7 24 35 32 13 3 2 23 33 15 5 Rank FY991 33 1 11 21 8 17 15 7 22 27 25 29 9 19 13 30 6 28 12 36 3 31 35 16 20 10 23 34 32 14 4 2 24 26 18 5 FY001 33 1 13 14 5 20 18 6 22 16 27 32 10 19 11 31 9 30 12 36 3 28 34 17 21 7 26 35 29 15 4 2 24 25 23 8 FY 1997-FY 2000 NOTES: The SLS program disbursed its last loans in FY94. These numbers do not include IRS offsets or mandatory assignments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. 219 220 Federal Student Loan Programs Data Book I Table 63. Federal Family Education Loan (FFEL) program collections on defaulted loans for Consolidation loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 245 4,383 693 38 762 38 18 3,533 350 185 171 38 2,279 222 510 360 2,332 109 679 52 2,611 — — 510 — 3,588 67 1 85 205 4,609 19,086 510 152 939 42,235 91,595 FY98 387 7,697 6,527 155 1,824 123 18 9,347 777 456 213 71 1,917 380 2,761 1,757 14,826 996 1,999 111 3,750 — 0 1,033 10 13,501 141 31 435 1,957 8,238 52,579 718 215 5,169 13,276 153,397 FY991 844 12,431 3,932 268 6,180 140 18 22,770 2,731 593 952 389 1,799 644 6,034 3,745 19,038 1,277 3,048 89 4,447 — 6 1,587 47 13,896 560 48 946 2,094 11,873 164,125 711 820 5,137 17,729 310,948 FY001 1,537 17,703 1,606 2,118 9,897 245 18 35,244 3,929 1,933 702 737 2,005 2,057 7,270 3,243 23,379 454 4,551 195 6,182 1 134 3,064 111 23,664 941 90 1,587 2,246 18,918 286,455 868 747 5,396 15,314 484,542 Percent change from: FY97FY98 57.7 75.6 842.2 306.8 139.6 221.2 164.6 122.0 145.9 24.6 85.9 -15.9 70.9 441.8 387.7 535.8 815.9 194.4 113.4 43.6 — — 102.7 — 276.3 109.3 5,356.9 414.3 853.6 78.7 175.5 40.7 42.1 450.5 -68.6 67.5 FY98FY99 118.2 61.5 -39.8 72.9 238.7 13.4 143.6 251.5 30.0 347.9 446.6 -6.2 69.5 118.5 113.2 28.4 28.3 52.5 -20.0 18.6 — 6,447.8 53.6 358.6 2.9 296.7 55.7 117.3 7.0 44.1 212.2 -1.0 280.5 -0.6 33.5 102.7 FY99FY00 82.1 42.4 -59.2 690.8 60.2 75.0 2.4 54.8 43.9 226.0 -26.3 89.4 11.5 219.4 20.5 -13.4 22.8 -64.5 49.3 118.9 39.0 — 2,174.4 93.1 138.9 70.3 68.0 86.9 67.7 7.3 59.3 74.5 22.0 -9.0 5.1 -13.6 55.8 FY97 0.3 4.8 0.8 0.0 0.8 0.0 0.0 3.9 0.4 0.2 0.2 0.0 2.5 0.2 0.6 0.4 2.5 0.1 0.7 0.1 2.9 — — 0.6 — 3.9 0.1 0.0 0.1 0.2 5.0 20.8 0.6 0.2 1.0 46.1 100.0 Percent share of total FY98 0.3 5.0 4.3 0.1 1.2 0.1 0.0 6.1 0.5 0.3 0.1 0.0 1.2 0.2 1.8 1.1 9.7 0.6 1.3 0.1 2.4 — 0.0 0.7 0.0 8.8 0.1 0.0 0.3 1.3 5.4 34.3 0.5 0.1 3.4 8.7 100.0 FY991 0.3 4.0 1.3 0.1 2.0 0.0 0.0 7.3 0.9 0.2 0.3 0.1 0.6 0.2 1.9 1.2 6.1 0.4 1.0 0.0 1.4 — 0.0 0.5 0.0 4.5 0.2 0.0 0.3 0.7 3.8 52.8 0.2 0.3 1.7 5.7 100.0 FY001 0.3 3.7 0.3 0.4 2.0 0.1 0.0 7.3 0.8 0.4 0.1 0.2 0.4 0.4 1.5 0.7 4.8 0.1 0.9 0.0 1.3 0.0 0.0 0.6 0.0 4.9 0.2 0.0 0.3 0.5 3.9 59.1 0.2 0.2 1.1 3.2 100.0 FY97 19 4 12 31 11 29 32 6 18 22 23 30 9 20 16 17 8 25 13 28 7 — — 15 — 5 27 33 26 21 3 2 14 24 10 1 FY98 23 7 8 27 15 29 33 5 19 21 26 31 14 24 11 16 2 18 12 30 10 — 35 17 34 3 28 32 22 13 6 1 20 25 9 4 Rank FY991 22 6 12 29 8 30 34 2 15 26 20 28 17 25 9 13 3 19 14 31 11 — 35 18 33 5 27 32 21 16 7 1 24 23 10 4 FY001 23 6 21 17 8 30 35 2 13 20 28 27 19 18 9 14 4 29 12 31 10 36 32 15 33 3 24 34 22 16 5 1 25 26 11 7 FY 1997-FY 2000 NOTES: These numbers do not include IRS offsets or mandatory assignments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. Defaults and Collections Federal Student Loan Programs Data Book I Table 64. Federal Family Education Loan (FFEL) program collections on defaulted loans for Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), Supplemental Loan for Students (SLS), and Consolidation loans, by guaranty agency: FY 1997-FY 2000 Default dollars paid to lenders (in 000’s) Guaranty agency Arkansas California Colorado Connecticut ECMC Florida Georgia Illinois Iowa Kentucky Louisiana Maine Massachusetts Michigan Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas USAF Utah Vermont Washington Wisconsin Total FY97 4,763 132,581 14,516 24,275 15,944 17,359 10,038 57,438 15,987 14,321 11,216 3,767 46,722 23,894 13,871 3,617 35,341 4,990 34,239 3,048 159,993 3,711 2,186 16,074 7,865 69,365 5,348 3,023 2,178 15,022 142,467 376,970 8,080 1,615 16,803 125,396 1,444,022 FY98 6,234 160,896 48,593 28,572 37,556 29,741 27,439 88,536 18,488 16,201 14,505 5,145 97,606 32,237 54,471 9,280 62,663 8,079 59,798 3,558 194,179 3,836 4,903 23,575 14,954 172,358 9,014 2,849 6,621 38,877 142,903 439,964 11,901 2,476 37,601 92,963 2,008,568 FY991 10,349 278,346 30,690 21,146 64,267 22,121 17,515 134,821 19,954 22,474 21,808 7,571 91,084 29,540 39,246 14,044 67,860 7,953 52,006 5,561 205,511 5,037 3,697 25,891 11,412 112,724 12,947 3,958 6,302 35,237 163,087 646,620 10,341 7,250 24,348 122,435 2,355,154 FY001 15,475 335,267 22,809 33,466 96,743 20,148 29,339 171,761 37,494 39,672 21,422 12,665 97,119 75,985 43,029 15,454 74,056 5,688 51,115 6,854 193,562 7,132 5,388 33,944 12,568 154,838 17,833 4,582 8,907 35,918 325,680 1,010,238 10,867 5,956 29,281 119,935 3,182,189 Percent change from: FY97FY98 30.9 21.4 234.8 17.7 135.6 71.3 173.4 54.1 15.6 13.1 29.3 36.6 108.9 34.9 292.7 156.6 77.3 61.9 74.6 16.7 21.4 3.4 124.3 46.7 90.1 148.5 68.5 -5.8 204.0 158.8 0.3 16.7 47.3 53.3 123.8 -25.9 39.1 FY98FY99 66.0 73.0 -36.8 -26.0 71.1 -25.6 -36.2 52.3 7.9 38.7 50.3 47.1 -6.7 -8.4 -27.9 51.3 8.3 -1.6 -13.0 56.3 5.8 31.3 -24.6 9.8 -23.7 -34.6 43.6 39.0 -4.8 -9.4 14.1 47.0 -13.1 192.8 -35.2 31.7 17.3 FY99FY00 49.5 20.4 -25.7 58.3 50.5 -8.9 67.5 27.4 87.9 76.5 -1.8 67.3 6.6 157.2 9.6 10.0 9.1 -28.5 -1.7 23.2 -5.8 41.6 45.7 31.1 10.1 37.4 37.7 15.8 41.3 1.9 99.7 56.2 5.1 -17.9 20.3 -2.0 35.1 FY97 0.3 9.2 1.0 1.7 1.1 1.2 0.7 4.0 1.1 1.0 0.8 0.3 3.2 1.7 1.0 0.3 2.4 0.3 2.4 0.2 11.1 0.3 0.2 1.1 0.5 4.8 0.4 0.2 0.2 1.0 9.9 26.1 0.6 0.1 1.2 8.7 100.0 Percent share of total FY98 0.3 8.0 2.4 1.4 1.9 1.5 1.4 4.4 0.9 0.8 0.7 0.3 4.9 1.6 2.7 0.5 3.1 0.4 3.0 0.2 9.7 0.2 0.2 1.2 0.7 8.6 0.4 0.1 0.3 1.9 7.1 21.9 0.6 0.1 1.9 4.6 100.0 FY991 0.4 11.8 1.3 0.9 2.7 0.9 0.7 5.7 0.8 1.0 0.9 0.3 3.9 1.3 1.7 0.6 2.9 0.3 2.2 0.2 8.7 0.2 0.2 1.1 0.5 4.8 0.5 0.2 0.3 1.5 6.9 27.5 0.4 0.3 1.0 5.2 100.0 FY001 0.5 10.5 0.7 1.1 3.0 0.6 0.9 5.4 1.2 1.2 0.7 0.4 3.1 2.4 1.4 0.5 2.3 0.2 1.6 0.2 6.1 0.2 0.2 1.1 0.4 4.9 0.6 0.1 0.3 1.1 10.2 31.7 0.3 0.2 0.9 3.8 100.0 FY97 28 4 19 11 17 13 23 7 16 20 22 29 8 12 21 31 9 27 10 32 2 30 34 15 25 6 26 33 35 18 3 1 24 36 14 5 FY98 30 4 12 18 15 17 19 8 21 22 24 31 6 16 11 26 9 28 10 34 2 33 32 20 23 3 27 35 29 13 5 1 25 36 14 7 Rank FY991 27 2 14 21 10 19 23 5 22 18 20 30 8 15 12 24 9 29 11 33 3 34 36 16 26 7 25 35 32 13 4 1 28 31 17 6 FY001 25 2 21 18 9 23 19 5 15 14 22 27 8 10 13 26 11 34 12 32 4 31 35 17 28 6 24 36 30 16 3 1 29 33 20 7 FY 1997-FY 2000 NOTES: These numbers do not include IRS offsets or mandatory assignments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130. 221 Part V Appendices Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 Appendix I Tables Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 I-1 Appendices Federal Student Loan Programs Data Book I Table A-1. Federal Family Education Loan (FFEL) program executive summary: FY 1966-FY 2000 ($ in 000,000’s unless otherwise noted) FY66-85 Loan volume commitments (excludes consolidations) Number of loans (in 000’s) Dollar amount Actual average loan (in units) Defaults FISLP/guaranty agency payments to lenders Federal outlays To lenders Interest benefits Special allowance Death and disability claims Bankruptcy claims FISLP default claims To guaranty agencies Administrative cost allowance Loan processing & issuing fee Account maintenance fee Loan advances Reinsurance default claims Refund of excess reserves Collections cost * Total FFEL program outlays Federal income/receipts FISLP insurance premium FISLP collections Guaranty agency reimbursements Advances returned Excess reserves Reinsurance fees Origination and other fees IRS offset - DCS assigned loans IRS offset - GA Mandatory assign. coll. Rehabilitation loans Total federal income/receipts Cash outlays over receipts $42 396 462 26 — — 1,039 — — — — 1,965 20,299 — 73 205 9 — — 336 56 36 — — 715 3,332 — 93 265 7 — — 322 30 75 — — 792 2,649 — 76 286 82 11 46 341 21 112 — — 975 2,801 — 70 353 16 127 51 341 13 146 — 1 1,118 3,906 — 51 382 14 34 42 395 19 216 5 2 1,160 4,488 — 43 368 7 1 30 441 12 327 11 6 1,246 4,868 — 33 449 2 0 49 422 22 466 29 6 1,478 4,205 — 43 534 1 0 33 510 35 415 79 3 1,653 3,422 — 44 466 0 0 45 1,103 211 383 265 0 2,517 2,631 — 47 808 0 0 3 1,066 236 327 569 27 3,083 2,585 — 55 904 0 0 0 986 216 319 799 16 3,295 3,097 — 0 1,045 0 0 0 754 231 273 467 — 2,770 3,660 — 0 1,367 0 0 0 799 263 364 428 — 3,221 3,060 — 0 1,378 0 0 0 839 452 570 612 — 3,851 1,936 — 0 1,400 0 0 0 941 411 482 665 — 3,899 2,580 $42 1,024 10,672 164 173 299 10,635 2,228 4,511 3,929 61 $33,738 $69,518 $304 — — 189 2,943 — $101 22,264 $120 — — 16 1,269 — $10 4,047 $92 — — — 1,186 — $17 3,441 $104 — — — 1,379 — $23 3,776 $133 — — — 1,847 — $15 5,024 $133 — — — 2,484 — $11 5,648 $105 — — — 3,245 — $12 6,114 $145 — — — 3,031 8 $12 5,683 $177 — — — 2,674 14 $8 5,075 $312 — — — 2,408 — $50 5,148 $221 — — — 2,367 — $119 5,667 $167 — — — 2,788 — $138 6,392 $150 — — — 3,231 — $79 6,430 $170 — — — 3,096 — $51 6,281 $102 — $188 — 2,494 — $88 5,787 — $93 $204 — 2,189 — $97 $2,435 93 392 205 38,631 22 $831 $8,356 8,989 122 145 1,115 $1,572 910 32 38 80 $1,565 482 34 34 31 $1,519 682 39 10 20 $1,513 1,445 46 6 19 $1,512 1,425 57 9 17 $1,688 972 62 13 17 $2,056 231 94 94 12 $1,706 107 101 279 9 $2,082 145 118 26 7 $2,186 615 150 4 6 $2,688 390 168 45 8 $2,437 249 187 97 — $2,397 268 193 106 — $2,323 222 235 135 — $2,240 1,358 213 85 — $37,840 18,490 1,851 1,126 1,340 $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 31,443 $59,086 — 3,610 $8,570 2,374 3,876 $9,736 2,512 4,513 $11,816 2,618 4,713 $12,466 2,645 4,493 $12,291 2,734 4,818 $13,500 2,804 5,130 $14,749 2,875 5,647 $17,863 3,163 6,745 $23,068 3,420 5,869 $20,951 3,570 5,336 $19,728 3,697 5,681 $21,659 3,810 5,809 $22,497 3,872 5,859 $23,324 3,959 6,333 4,051 109,875 — $25,656 $316,959 FY86 FY87 FY88 FY89 FY90 FY91 FY92 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 Cumulative FY 1997-FY 2000 6,479 $103,256 — 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. DCS assigned loans are handled by OSFAP/Students Channel, Collections. 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. I-3 Table A-5. Federal Family Education Loan (FFEL) program annual and cumulative commitments, by loan program type: FY 1966-FY 2000 Annual loan volume Fiscal year1 FISLP2 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 Stafford Subsidized 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 89 287 407 508 498 535 509 431 431 486 776 651 817 1,233 2,078 3,339 2,646 2,885 3,246 3,641 3,413 3,482 3,619 3,682 3,605 3,842 3,997 4,072 4,523 3,716 3,288 3,401 3,408 3,339 3,520 $73 244 361 457 457 531 566 516 528 637 1,088 1,037 1,485 2,443 4,335 7,366 5,901 6,537 7,506 8,401 8,050 8,587 9,257 9,593 9,708 10,551 11,249 12,471 14,735 12,444 11,501 11,985 12,027 11,862 12,564 — 222.5 41.8 24.8 -2.0 7.4 -4.9 -15.3 0.0 12.8 59.7 -16.1 25.5 50.9 68.5 60.7 -20.8 9.0 12.5 12.2 -6.3 2.0 3.9 1.7 -2.1 6.5 4.0 1.9 11.1 -17.8 -11.5 3.5 0.2 -2.0 5.4 — 234.2 48.0 26.6 0.0 16.2 6.6 -8.8 2.3 20.6 70.8 -4.7 43.2 64.5 77.4 69.9 -19.9 10.8 14.8 11.9 -4.2 6.7 7.8 3.6 1.2 8.7 6.6 10.9 18.1 -15.5 -7.6 4.2 0.4 -1.4 5.9 100.0 100.0 83.1 67.2 57.7 52.6 42.4 41.8 45.9 49.0 59.8 66.9 75.3 81.7 89.8 94.3 95.0 94.9 95.4 95.0 94.5 89.8 80.2 78.1 80.3 79.7 77.9 72.1 67.1 63.3 61.6 59.9 58.7 57.0 55.6 100.0 100.0 84.3 67.8 56.4 52.3 44.4 44.1 46.3 49.1 59.5 67.5 75.8 81.9 89.6 94.2 94.7 94.4 94.8 94.2 93.9 88.2 78.3 77.0 79.0 78.2 76.3 69.8 63.9 59.4 58.3 55.3 53.5 50.9 49.0 $828 848 888 899 918 992 1,113 1,196 1,225 1,312 1,401 1,593 1,819 1,982 2,086 2,206 2,230 2,266 2,312 2,307 2,359 2,466 2,558 2,606 2,693 2,747 2,815 3,062 3,264 3,352 3,498 3,523 3,531 3,546 3,569 89 376 783 1,291 1,789 2,324 2,833 3,264 3,695 4,181 4,957 5,608 6,425 7,658 9,736 13,075 15,721 18,606 21,852 25,493 28,906 32,388 36,007 39,689 43,294 47,136 51,133 55,205 59,728 63,444 66,732 70,133 73,541 76,880 80,400 $73 317 678 1,135 1,592 2,123 2,689 3,205 3,733 4,370 5,458 6,495 7,980 10,423 14,758 22,124 28,025 34,562 42,068 50,469 58,519 67,106 76,363 85,956 95,664 106,215 117,464 129,935 144,670 157,114 168,616 180,600 192,628 204,490 217,053 0 0 83 248 365 482 692 599 507 505 522 322 268 277 236 189 100 54 16 $0 0 67 217 354 484 708 655 612 661 740 500 473 541 504 427 234 134 41 — — — 198.8 47.2 32.1 43.6 -13.4 -15.4 -0.4 3.4 -38.3 -16.8 3.4 -14.8 -19.9 -47.1 -46.0 -70.4 — — — 223.9 63.1 36.7 46.3 -7.5 -6.6 8.0 12.0 -32.4 -5.4 14.4 -6.8 -15.3 -45.2 -42.7 -69.4 0.0 0.0 16.9 32.8 42.3 47.4 57.6 58.2 54.1 51.0 40.2 33.1 24.7 18.3 10.2 5.3 3.6 1.8 0.5 0.0 0.0 15.7 32.2 43.6 47.7 55.6 55.9 53.7 50.9 40.5 32.5 24.2 18.1 10.4 5.5 3.8 1.9 0.5 $0 0 806 876 968 1,005 1,024 1,093 1,207 1,310 1,417 1,556 1,766 1,954 2,136 2,260 2,338 2,471 2,499 0 0 83 331 696 1,178 1,870 2,469 2,976 3,481 4,003 4,325 4,593 4,870 5,106 5,295 5,395 5,449 5,465 $0 0 67 284 638 1,122 1,830 2,485 3,097 3,758 4,498 4,998 5,471 6,012 6,516 6,943 7,177 7,311 7,352 Loans (in 000’s) Dollars (in 000,000’s) Percent change from prior year Loans Dollars Percent share of FFEL program Loans Dollars Average loan Dollars Cumulative loan volume Loans Dollars (in 000’s) (in 000,000’s) I-4 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table A-5. Federal Family Education Loan (FFEL) program annual and cumulative commitments, by loan program type: FY 1966-FY 2000 (continued) Annual loan volume Fiscal year1 Stafford Unsubsidized3f 1993 1994 1995 1996 1997 1998 1999 2000 PLUS4 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 SLS5 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 0 13 42 67 97 106 286 716 793 614 648 740 808 553 $0 31 110 175 260 279 826 2,018 2,125 1,706 1,877 2,207 3,060 1,869 — — 223.1 59.5 44.8 9.3 169.5 150.8 10.7 -22.6 5.5 14.2 9.2 -31.5 — — 254.8 59.1 48.6 7.3 196.2 144.3 5.3 -19.7 10.0 17.6 38.7 -38.9 0.0 0.5 1.4 2.0 2.5 2.9 7.4 15.9 16.8 13.7 13.4 14.4 14.3 8.2 0.0 0.5 1.6 2.2 2.9 3.3 8.5 17.1 17.0 13.9 13.9 15.0 17.1 8.1 $0 2,350 2,619 2,629 2,672 2,634 2,893 2,817 2,679 2,778 2,898 2,983 3,789 3,377 0 13 55 122 219 325 611 1,327 2,120 2,734 3,382 4,122 4,929 5,483 $0 31 141 316 576 855 1,681 3,700 5,825 7,530 9,407 11,614 14,674 16,543 11 27 58 74 95 92 109 178 239 273 329 393 344 350 300 279 312 334 345 356 $28 67 147 194 253 241 323 541 748 877 1,072 1,293 1,312 1,726 1,663 1,658 1,985 2,194 2,383 2,610 — 145.5 114.8 27.6 28.4 -3.2 18.0 64.0 34.1 14.6 20.5 19.4 -12.6 1.7 -14.2 -7.0 11.7 7.1 3.3 3.4 — 139.3 119.4 32.0 30.4 -4.7 33.9 67.6 38.3 17.3 22.2 20.6 1.5 31.5 -3.6 -0.3 19.7 10.5 8.6 9.6 0.3 1.0 1.9 2.2 2.5 2.5 2.8 3.9 5.1 6.1 6.8 7.7 6.1 5.2 5.1 5.2 5.5 5.7 5.9 5.6 0.4 1.1 2.1 2.5 2.8 2.8 3.3 4.6 6.0 7.1 7.9 8.8 7.3 7.5 7.9 8.4 9.2 9.8 10.2 10.2 $2,690 2,525 2,540 2,643 2,664 2,634 2,973 3,040 3,136 3,210 3,256 3,289 3,817 4,934 5,543 5,943 6,368 6,571 6,837 7,331 11 38 96 170 265 357 466 643 882 1,155 1,484 1,878 2,222 2,571 2,871 3,150 3,462 3,796 4,140 4,497 $28 95 242 436 689 930 1,253 1,793 2,541 3,419 4,491 5,784 7,096 8,822 10,485 12,143 14,128 16,322 18,705 21,315 423 1,319 1,853 1,769 1,968 2,068 2,175 2,456 $1,019 4,739 6,843 6,568 7,689 8,275 9,079 10,482 — 212.0 40.5 -4.5 11.2 5.1 5.2 12.9 — 365.0 44.4 -4.0 17.1 7.6 9.7 15.5 7.5 19.6 31.6 33.2 34.6 35.6 37.1 38.8 5.7 20.5 32.7 33.3 35.5 36.8 38.9 40.9 $2,411 3,592 3,752 3,713 3,906 4,003 4,176 4,268 423 1,742 3,594 5,364 7,331 9,399 11,575 14,031 $1,019 5,758 12,601 19,169 26,858 35,134 44,213 54,695 Loans (in 000’s) Dollars (in 000,000’s) Percent change from prior year Loans Dollars Percent share of FFEL program Loans Dollars Average loan Dollars Cumulative loan volume Loans Dollars (in 000’s) (in 000,000’s) Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 I-5 Table A-5. Federal Family Education Loan (FFEL) program annual and cumulative commitments, by loan program type: FY 1966-FY 2000 (continued) Annual loan volume Fiscal year1 FFEL program total 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 — Not applicable. 1 Percent change from prior year Loans — 222.5 70.7 54.3 14.2 17.8 18.1 -14.2 -8.9 5.7 31.0 -25.0 11.5 39.2 53.2 52.9 -21.3 9.1 12.0 12.6 -5.8 7.3 16.4 4.4 -4.7 7.2 6.5 10.1 19.4 -13.0 -9.1 6.5 2.3 0.9 8.1 Dollars — 234.2 75.4 57.5 20.3 25.2 25.5 -8.1 -2.6 13.9 40.8 -15.9 27.4 52.4 62.2 61.6 -20.3 11.2 14.3 12.6 -3.9 13.6 21.4 5.5 -1.4 9.8 9.2 21.1 29.1 -9.2 -5.8 9.8 3.9 3.7 10.0 Percent share of FFEL program Loans 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Dollars 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Average loan Dollars $828 848 874 891 940 998 1,062 1,136 1,215 1,311 1,408 1,581 1,806 1,977 2,091 2,210 2,237 2,279 2,326 2,326 2,374 2,512 2,618 2,645 2,734 2,804 2,875 3,163 3,424 3,591 3,697 3,810 3,873 3,959 4,052 Cumulative loan volume Loans Dollars (in 000’s) (in 000,000’s) 89 376 866 1,622 2,485 3,502 4,703 5,733 6,671 7,662 8,960 9,933 11,018 12,528 14,842 18,381 21,167 24,206 27,609 31,442 35,053 38,929 43,443 48,156 52,649 57,467 62,597 68,244 74,988 80,857 86,193 91,874 97,683 103,542 109,875 $73 317 745 1,419 2,230 3,245 4,519 5,690 6,830 8,128 9,956 11,493 13,451 16,435 21,274 29,095 35,328 42,256 50,172 59,086 67,656 77,392 89,208 101,674 113,965 127,465 142,214 160,077 183,145 204,095 223,823 245,482 267,979 291,303 316,959 Loans (in 000’s) 89 287 490 756 863 1,017 1,201 1,030 938 991 1,298 973 1,085 1,510 2,314 3,539 2,786 3,039 3,403 3,833 3,611 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 Dollars (in 000,000’s) 73 244 428 674 811 1,015 1,274 1,171 1,140 1,298 1,828 1,537 1,958 2,984 4,839 7,821 6,233 6,928 7,916 8,914 8,570 9,736 11,816 12,466 12,291 13,500 14,749 17,863 23,068 20,950 19,728 21,659 22,497 23,324 25,656 For FY66-FY75, the fiscal year included the period July through June. FY76 includes the transition quarter: July through September. For FY77-FY00, the fiscal year includes the period October through September. The Federal Insured Student Loan Program (FISLP) ended in FY84. The Stafford Unsubsidized program began in FY93. The Parent Loans for Undergraduate Students (PLUS) program began in FY81. The Supplemental Loan for Students (SLS) program ended in FY94. 2 3 4 5 NOTES: Commitments reported in this table exclude Consolidation loans and PLUS and SLS refinanced loans authorized under the Higher Education amendments of 1986. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 (in thousands) indicates a number less than 500. 0 (in millions) indicates a number less than 500,000. 0.0 indicates a number less than 0.05. Corresponds to table 5. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System and ED Form 1130. I-6 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Appendices Federal Student Loan Programs Data Book I Table A-7. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized loans, by type of institution: FY 1968-FY 2000 Number of borrowers (in 000’s) and percent of total Fiscal year 1968* 1969* 1970* 1971* 1972* 1973* 1974* 1975* 1976* 1977* 1978* 1979* 1980* 1981* 1982* 1983* 1984* 1985* 1986* 1987* 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 % % % % % % % % % % % % % % % % % % % % N % N % N % N % N % N % N % N % N % N % N % N % N % Public 4-year 50.7 45.0 51.1 49.7 51.3 48.4 46.8 46.6 45.6 43.5 43.3 44.0 45.5 46.8 41.7 39.5 38.5 37.4 30.6 28.8 874 30.6 943 32.1 1,007 35.3 1,145 38.4 1,269 40.9 1,414 44.5 1,576 44.1 1,253 40.7 1,018 38.1 1,035 37.6 1,030 37.1 1,006 36.8 1,035 36.1 Private 4-year 41.9 43.6 38.5 39.7 37.6 36.9 40.2 39.2 38.9 40.0 41.5 41.3 37.2 33.7 32.6 30.4 27.1 25.9 23.7 23.2 717 25.1 746 25.4 782 27.4 858 28.8 928 29.9 947 29.8 1,100 30.8 996 32.3 915 34.2 990 35.9 1,008 36.3 977 35.7 1,015 35.4 Public 2-year 2.2 4.8 3.2 4.7 4.6 5.9 4.6 5.3 5.9 5.5 5.0 5.6 7.6 9.2 10.6 11.0 11.1 10.5 13.2 9.8 229 8.0 232 7.9 237 8.3 268 9.0 298 9.6 308 9.7 366 10.3 352 11.4 317 11.9 324 11.8 323 11.6 301 11.0 305 10.6 Private 2-year 2.9 1.1 1.7 2.2 2.4 3.0 2.7 2.9 3.4 2.9 2.8 2.1 2.2 2.5 2.4 2.6 2.3 2.1 3.2 3.0 54 1.9 56 1.9 57 2.0 60 2.0 62 2.0 64 2.0 69 1.9 63 2.0 59 2.2 37 1.3 34 1.2 32 1.2 35 1.2 Proprietary 2.3 5.5 5.5 3.7 4.1 5.8 5.7 6.0 6.2 8.1 7.4 7.0 7.5 7.8 12.7 16.5 21.0 24.1 29.3 35.2 983 34.4 960 32.7 770 27.0 650 21.8 546 17.6 445 14.0 461 12.9 419 13.6 363 13.6 358 13.0 370 13.3 408 14.9 463 16.2 Foreign — — — — — — — — — — — — — — — — — — — — — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 11 0.4 11 0.4 12 0.4 12 0.4 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 2,857 2,937 2,852 2,981 3,103 3,178 3,573 3,083 2,672 2,756 100.0 2,776 100.0 2,736 100.0 2,864 100.0 Fiscal year 1968* 1969* 1970* 1971* 1972* 1973* 1974* 1975* 1976* 1977* 1978* 1979* 1980* 1981* 1982* 1983* 1984* 1985* 1986* 1987* 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 % % % % % % % % % % % % % % % % % % % % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % Public 4-year 48.2 44.5 49.7 48.0 48.6 45.1 42.2 43.7 43.1 40.6 40.8 41.5 44.1 45.7 41.5 39.1 38.3 37.2 30.7 27.1 2,833 30.6 3,185 33.2 3,534 36.4 4,178 39.6 4,714 41.9 5,762 46.2 6,767 45.5 5,240 41.4 4,490 39.4 4,559 38.0 4,520 37.6 4,376 36.9 4,589 36.5 Private 4-year 43.8 47.5 42.2 43.7 41.2 43.6 47.6 44.5 44.4 46.3 47.6 46.6 42.0 38.4 37.1 35.2 31.8 30.1 27.0 27.1 2,962 32.0 3,099 32.3 3,349 34.5 3,767 35.7 4,084 36.3 4,490 36.0 5,566 37.4 5,094 40.2 4,798 42.1 5,229 43.6 5,274 43.9 5,089 42.9 5,399 43.0 Number of dollars (in 000,000’s) and percent of total Public 2-year 2.3 1.5 1.7 2.6 2.8 3.3 2.4 3.7 3.2 3.8 3.6 3.9 5.8 7.4 8.6 9.1 9.0 8.5 11.4 8.0 537 5.8 547 5.7 563 5.8 665 6.3 720 6.4 786 6.3 946 6.4 900 7.1 818 7.2 841 7.0 834 6.9 772 6.5 792 6.3 Private 2-year 3.3 1.3 1.8 2.2 2.5 2.8 2.7 3.5 4.0 2.6 2.5 1.8 2.0 2.2 2.1 2.3 2.1 1.9 3.3 2.9 157 1.7 153 1.6 165 1.7 169 1.6 191 1.7 200 1.6 222 1.5 205 1.6 198 1.7 112 0.9 101 0.8 98 0.8 103 0.8 Proprietary 2.4 5.2 4.6 3.5 4.9 5.2 5.1 4.6 5.3 6.7 5.6 6.2 6.1 6.3 10.7 14.3 18.8 22.3 27.6 34.9 2,768 29.9 2,609 27.2 2,097 21.6 1,773 16.8 1,541 13.7 1,235 9.9 1,371 9.2 1,232 9.7 1,088 9.6 1,140 9.5 1,190 9.9 1,363 11.5 1,581 12.6 Foreign — — — — — — — — — — — — — — — — — — — — — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 101 0.8 103 0.9 108 0.9 109 0.9 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 9,257 9,593 9,708 10,551 11,250 12,471 14,872 12,670 11,392 11,985 100.0 12,027 100.0 11,862 99.5 12,564 100.1 FY 1997-FY 2000 * Estimates for FY68-FY87 are based on random samples. NOTES: Starting with FY97, borrowers attending foreign institutions are shown separately. Prior to that year, these borrowers were included in other reported figures. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. The loan volume reported in this table includes some loans that later may be canceled. Corresponds to table 7. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. I-7 I-8 Federal Student Loan Programs Data Book I Table A-9. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1981-FY 2000 Number of borrowers (in 000’s) and percent of total Fiscal year 1981* 1982* 1983* 1984* 1985* 1986* 1987* 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 % % % % % % % N % N % N % N % N % N % N % N % N % N % N % N % N % Public 4-year 23.7 25.9 33.7 34.2 33.7 35.0 35.4 56.7 37.9 77.8 38.3 98.5 40.7 123.8 42.6 142.6 43.5 117.8 41.3 114 37.6 86 32.2 74 29.9 83 30.2 92 31.4 97 32.0 99 31.4 Private 4-year 69.7 59.3 49.5 46.0 42.8 37.4 31.1 39.7 26.5 54.6 26.9 71.4 29.5 91.2 31.4 107.5 32.8 100.4 35.2 121 40.1 118 44.1 113 45.4 130 47.2 134 45.5 133 43.7 134 42.4 Public 2-year 1.7 3.6 4.0 4.1 3.7 3.6 3.9 7.2 4.8 8.3 4.1 10.2 4.2 12.8 4.4 15.4 4.7 10.8 3.8 8 2.6 7 2.7 7 2.7 6 2.3 7 2.5 7 2.3 7 2.1 Private 2-year 2.7 4.3 3.4 3.0 3.4 2.5 1.7 3.6 2.4 4.9 2.4 5.1 2.1 6.1 2.1 6.2 1.9 6.0 2.1 7 2.3 7 2.5 7 2.8 4 1.6 4 1.5 4 1.5 5 1.5 Proprietary 2.2 6.9 9.4 12.7 16.4 21.5 27.9 42.5 28.4 57.5 28.3 56.9 23.5 56.7 19.5 56.0 17.1 50.2 17.6 53 17.4 50 18.6 48 19.3 51 18.6 56 19.1 62 20.4 71 22.5 Foreign — — — — — — — — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 0 0.1 0 0.1 0 0.1 0 0.1 276 100.0 294 100.0 303 100.0 316 100.0 2000 1999 1998 1997 249 1996 267 1995 302 1994 285.2 1993 327.7 1992 290.6 1991 242.1 1990 203.0 1989 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 149.7 Fiscal year 1981* 1982* 1983* 1984* 1985* 1986* 1987* 1988 % % % % % % % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % Public 4-year 20.5 24.9 32.1 32.5 32.3 34.4 34.2 207.7 38.4 294.7 39.4 362.2 41.3 458.8 42.8 566.3 43.8 505.1 38.5 552 32.3 451 27.2 416 25.2 496 25.0 583 26.6 638 26.8 687 26.3 Private 4-year 73.0 62.2 51.5 48.3 44.9 38.9 32.3 153.6 28.4 216.9 29.0 275.4 31.4 355.9 33.2 442.2 34.2 524.8 40.0 839 49.1 899 54.4 919 55.6 1,145 57.7 1,210 55.2 1,265 53.1 1,356 52.0 Number of dollars (in 000,000’s) and percent of total Public 2-year 1.4 3.1 3.4 3.7 3.2 3.2 3.4 22.2 4.1 25.4 3.4 29.8 3.4 38.6 3.6 47.8 3.7 38.0 2.9 28 1.6 28 1.7 28 1.7 26 1.3 31 1.4 31 1.3 30 1.1 Private 2-year 3.0 3.9 3.6 2.9 3.4 2.3 1.6 13.5 2.5 18.0 2.4 18.4 2.1 21.4 2.0 24.6 1.9 27.6 2.1 38 2.3 38 2.3 41 2.5 23 1.2 26 1.2 29 1.2 30 1.1 Proprietary 2.1 5.9 9.4 12.6 16.2 21.2 28.5 143.9 26.6 193.0 25.8 191.2 21.8 197.2 18.4 212.1 16.4 216.5 16.5 250 14.7 238 14.4 250 15.1 291 14.7 338 15.4 409 17.2 510 19.6 Foreign — — — — — — — — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 3 0.2 3 0.1 4 0.2 4 0.2 1,985 99.9 2,194 99.9 2,383 99.7 2,610 100.3 1,654 1,655 1,707 1,312.0 1,293.0 1,072.0 877.0 748.0 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 541.0 FY 1997-FY 2000 * Estimates for FY81-FY87 are based on random samples. NOTES: The PLUS program began in FY81. Starting with FY97, borrowers attending foreign institutions are shown separately. Prior to that year, these borrowers were included in other reported figures. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. The loan volume reported in this table includes some loans that later may be canceled. Corresponds to table 9. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Appendices Federal Student Loan Programs Data Book I Table A-10. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), and Supplemental Loan for Students (SLS) loans, by type of institution: FY 1986-FY 2000 Number of borrowers (in 000’s) and percent of total Fiscal year 1986* 1987* 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 % % N % N % N % N % N % N % N % N % N % N % N % N % N % Public 4-year 30.6 26.4 997 27.9 1,098 29.0 1,202 33.4 1,395 36.7 1,575 39.4 1,952 43.6 2,384 43.3 1,930 39.6 1,620 37.2 1,693 36.7 1,725 36.4 1,742 36.2 1,849 35.8 Private 4-year 41.0 26.9 856 23.9 917 24.2 991 27.5 1,122 29.5 1,233 30.8 1,364 30.4 1,738 31.5 1,601 32.9 1,514 34.7 1,678 36.3 1,731 36.5 1,719 35.8 1,822 35.2 Public 2-year 6.1 5.7 258 7.2 264 7.0 270 7.5 310 8.2 352 8.8 395 8.8 503 9.1 505 10.4 471 10.8 495 10.7 506 10.7 480 10.0 501 9.7 Private 2-year 2.1 2.1 67 1.9 72 1.9 73 2.0 78 2.0 81 2.0 90 2.0 109 2.0 103 2.1 100 2.3 65 1.4 60 1.3 59 1.2 64 1.2 Proprietary 20.1 38.9 1,396 39.1 1,434 37.9 1,063 29.5 893 23.5 761 19.0 679 15.2 778 14.1 732 15.0 657 15.1 666 14.4 699 14.7 785 16.3 909 17.6 Foreign — — — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 21 0.5 22 0.5 23 0.5 23 0.5 4,618 100.0 4,743 100.0 4,808 100.0 5,168 100.0 2000 1999 1998 1997 3,028 1 1996 3,466 1 1995 3,948 1 1994 4,480 1993 4,003 1992 3,797 1991 3,599 1990 3,785 1989 Total 100.0 100.0 3,575 Fiscal year 1986* 1987* 1988 % % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % Public 4-year 29.9 25.3 3,276 27.7 3,747 30.1 4,232 34.4 5,093 37.7 5,907 40.0 7,731 43.3 9,762 42.5 7,918 38.3 7,076 36.3 7,513 34.7 7,729 34.4 7,907 33.9 8,667 33.8 Private 4-year 43.8 30.0 3,546 30.0 3,806 30.5 4,206 34.2 4,866 36.0 5,407 36.7 6,739 37.7 9,161 39.8 8,840 42.5 8,686 44.5 10,058 46.4 10,462 46.5 10,629 45.6 11,569 45.1 Number of dollars (in 000,000’s) and percent of total Public 2-year 5.3 4.8 636 5.4 642 5.2 658 5.4 788 5.8 891 6.0 1,030 5.8 1,282 5.6 1,301 6.3 1,228 6.3 1,306 6.0 1,336 5.9 1,269 5.4 1,346 5.2 Private 2-year 2.1 2.0 205 1.7 210 1.7 218 1.8 233 1.7 264 1.8 301 1.7 373 1.6 366 1.8 369 1.9 213 1.0 198 0.9 200 0.9 217 0.8 Proprietary 19.0 37.8 4,153 35.1 4,060 32.6 2,977 24.2 2,520 18.7 2,281 15.5 2,062 11.5 2,435 10.6 2,336 11.2 2,165 11.1 2,356 10.9 2,547 11.3 3,020 12.9 3,654 14.2 Foreign — — — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 — 100.0 207 1.0 214 1.0 224 1.0 232 0.9 21,659 100.0 22,497 100.0 23,324 99.7 25,656 100.1 19,728 20,951 23,053 17,862 14,750 13,500 12,291 12,466 Total 100.0 100.0 11,816 FY 1997-FY 2000 1 * Estimates for FY86 and FY87 are based on random samples. Totals may not equal the sum of the individual column items since borrowers can, and do, change institutions over the course of the fiscal year. NOTES: Starting with FY97, borrowers attending foreign institutions are shown separately. Prior to that year, these borrowers were included in other reported figures. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. The loan volume reported in this table includes some loans that later may be canceled. The Stafford Unsubsidized program began in FY93 and the SLS program ended in FY94. As a result, figures for FY86 to FY94 include SLS loans, and figures for FY93 to FY00 include Stafford Unsubsidized loans. Corresponds to table 10. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. I-9 I-10 Federal Student Loan Programs Data Book I Table A-10 Supplemental. Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Supplemental Loan for Students (SLS) loans, by type of institution: FY 1982-FY 1994 Number of borrowers (in 000’s) and percent of total Fiscal year 1982* 1983* 1984* 1985* 1986* 1987* 1988 1989 1990 1991 1992 1993 1994 % % % % % % N % N % N % N % N % N % N % Public 4-year 16.4 18.3 23.2 25.0 26.2 14.9 66 11.7 78 12.1 97 19.2 127 24.1 164 28.6 193 30.4 125 25.8 Private 4-year 77.3 76.8 69.6 66.3 62.0 26.4 99 17.4 117 18.1 138 27.4 172 32.7 198 34.6 224 35.3 155 32.0 Public 2-year 0.8 1.9 1.8 1.4 1.5 3.4 23 4.0 23 3.6 23 4.5 29 5.5 39 6.8 39 6.2 30 6.3 Private 2-year 0.8 0.6 0.5 1.5 0.7 1.6 9 1.6 11 1.7 11 2.1 12 2.3 13 2.3 15 2.4 14 2.8 Proprietary 4.7 2.4 4.9 5.8 9.6 53.7 371 65.3 416 64.5 236 46.8 186 35.4 159 27.7 163 25.7 161 33.1 Total 100.0 100.0 100.0 100.0 100.0 100.0 568 100.0 645 100.0 505 100.0 526 100.0 573 100.0 635 100.0 485 100.0 1994 1993 1992 1991 1990 1989 Fiscal year 1982* 1983* 1984* 1985* 1986* 1987* 1988 % % % % % % $ % $ % $ % $ % $ % $ % $ % Public 4-year 15.9 17.5 22.0 23.7 24.5 14.7 236 11.7 268 12.6 336 19.7 456 24.3 627 28.4 857 28.0 429 23.3 Number of dollars (in 000,000’s) and percent of total Private 4-year 79.1 78.1 71.7 68.5 65.4 30.6 430 21.3 491 23.1 582 34.1 743 39.6 881 39.9 1,441 47.1 793 43.0 Public 2-year 0.7 1.7 1.7 1.2 1.2 3.0 77 3.8 70 3.3 65 3.8 84 4.5 124 5.6 138 4.5 79 4.3 Private 2-year 0.7 0.6 0.4 1.3 0.7 1.6 34 1.7 38 1.8 34 2.0 43 2.3 49 2.2 61 2.0 44 2.4 Proprietary 3.6 2.1 4.2 5.3 8.2 50.1 1,241 61.5 1,258 59.2 689 40.4 550 29.3 527 23.9 563 18.4 500 27.1 Total 100.0 100.0 100.0 100.0 100.0 100.0 2,018 100.0 2,125 100.0 1,706 100.0 1,877 100.0 2,207 100.0 3,060 100.0 1,844 100.0 *Estimates for FY82-FY87 were based on random samples. NOTES: Details may not add to totals due to rounding. Calculations are based on numbers before rounding. The loan volume reported in this table includes loans that later may become canceled. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. FY 1997-FY 2000 Appendices Federal Student Loan Programs Data Book I Table A-11. Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1994-FY 2000 Number of borrowers (in 000’s) and percent of total Loan type and fiscal year Stafford Subsidized FY94 FY95 FY96 FY97 FY98 FY99 FY00 Stafford Unsubsidized FY94 FY95 FY96 FY97 FY98 FY99 FY00 N % N % N % N % N % N % N % 47 83.4 268 76.5 457 68.0 541 67.2 557 66.2 566 66.1 621 66.3 7 12.1 52 14.8 110 16.3 136 17.0 146 17.3 148 17.3 171 18.3 1 1.8 13 3.6 37 5.5 42 5.3 43 5.1 42 4.9 45 4.8 — — 1 0.3 4 0.6 2 0.3 3 0.4 3 0.4 3 0.3 2 2.8 17 4.8 65 9.6 83 10.3 93 11.0 97 11.3 97 10.3 56 100.0 350 100.0 672 100.0 805 100.0 842 100.0 856 100.0 936 100.0 $ % $ % $ % $ % $ % $ % $ % 188 78.3 1,075 72.6 1,921 66.8 2,390 66.1 2,476 65.4 2,512 65.1 2,850 64.7 44 18.2 311 21.0 623 21.7 821 22.7 868 22.9 887 23.0 1,090 24.7 3 1.3 36 2.4 102 3.6 117 3.2 118 3.1 116 3.0 125 2.8 — — 3 0.2 12 0.4 7 0.2 9 0.2 9 0.2 8 0.2 5 2.2 55 3.7 217 7.5 281 7.8 316 8.3 332 8.6 334 7.6 240 100.0 1,479 100.0 2,875 100.0 3,617 100.0 3,787 100.0 3,855 100.0 4,408 100.0 N % N % N % N % N % N % N % 108 81.7 532 73.1 832 65.6 921 65.5 912 64.6 848 63.2 868 62.7 20 15.0 130 18.0 247 19.5 283 20.1 285 20.2 282 21.0 303 21.9 2 1.3 29 4.0 80 6.3 86 6.1 86 6.1 80 6.0 82 5.9 0 0.0 9 1.2 13 1.1 3 0.2 4 0.3 4 0.3 3 0.2 3 2.0 27 3.7 96 7.5 113 8.1 124 8.8 127 9.5 128 9.2 132 100.0 727 100.0 1,268 100.0 1,405 100.0 1,411 100.0 1,342 100.0 1,384 100.0 $ % $ % $ % $ % $ % $ % $ % 477 81.4 2,311 73.8 3,782 68.1 4,235 68.0 4,127 67.2 3,742 65.8 3,888 64.5 96 16.5 640 20.4 1,238 22.3 1,432 23.0 1,415 23.0 1,347 23.7 1,541 25.5 5 0.8 73 2.3 208 3.8 221 3.6 220 3.6 204 3.6 210 3.5 0 0.0 26 0.8 39 0.7 9 0.1 12 0.2 11 0.2 9 0.1 8 1.3 80 2.5 285 5.1 336 5.4 367 6.0 383 6.7 385 6.4 585 100.0 3,130 100.0 5,553 100.0 6,233 100.0 6,141 100.0 5,686 100.0 6,033 100.0 Public 4-year Private 4-year Public 2-year Private 2-year Proprietary Total1 Public 4-year Number of dollars (in 000,000’s) and percent of total Private 4-year Public 2-year Private 2-year Proprietary Total FY 1997-FY 2000 I-11 I-12 Federal Student Loan Programs Data Book I Table A-11. Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1994-FY 2000 (continued) Number of borrowers (in 000’s) and percent of total Loan type and fiscal year PLUS loans FY94 FY95 FY96 FY97 FY98 FY99 FY00 FDLP total2 FY94 FY95 FY96 FY97 FY98 FY99 FY00 N % N % N % N % N % N % N % 1 Number of dollars (in 000,000’s) and percent of total Total1 15 100.0 79 100.0 142 100.0 157 100.0 167 100.0 163 100.0 186 100.0 162 100.0 897 100.0 1,582 100.0 2,367 100.0 2,420 100.0 2,361 100.0 2,506 100.0 $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % $ % Public 4-year 67 74.7 331 67.2 619 65.6 686 64.3 765 63.9 713 61.3 854 61.3 732 80.0 3,717 72.9 6,322 67.5 7,311 67.0 7,368 66.2 6,966 65.1 7,593 64.2 Private 4-year 20 22.7 132 26.8 254 26.9 311 29.1 346 28.9 351 30.2 423 30.3 161 17.6 1,083 21.2 2,115 22.6 2,564 23.5 2,629 23.6 2,585 24.1 3,054 25.8 Public 2-year 0 0.1 3 0.6 8 0.8 4 0.4 5 0.4 5 0.4 6 0.4 8 0.8 112 2.2 318 3.4 342 3.1 343 3.1 325 3.0 341 2.9 Private 2-year Proprietary 2 2.5 21 4.3 57 6.0 65 6.1 78 6.5 92 7.9 108 7.8 15 1.6 156 3.1 559 6.0 683 6.3 761 6.8 807 7.5 827 7.0 Total 90 100.0 492 100.0 944 100.0 1,068 100.0 1,198 100.0 1,162 100.0 1,393 100.0 915 100.0 5,102 100.0 9,372 100.0 10,918 100.0 11,125 100.0 10,703 100.0 11,833 100.0 Public 4-year N % N % N % N % N % N % N % 12 79.3 57 71.3 97 68.1 107 68.4 114 68.1 107 65.5 123 66.0 133 82.0 663 73.9 1,061 67.1 1,568 66.3 1,583 65.4 1,521 64.4 1,611 64.3 Private 4-year 3 17.5 17 21.8 32 22.2 36 22.9 38 22.6 38 23.6 43 23.2 24 14.7 159 17.7 302 19.1 455 19.2 469 19.4 469 19.9 517 20.6 Public 2-year 0 0.1 1 0.9 2 1.3 1 0.7 1 0.8 1 0.7 1 0.8 2 1.3 33 3.7 92 5.8 129 5.5 130 5.4 123 5.2 129 5.1 Private 2-year — — 1 0.9 1 0.7 0 0.2 0 0.3 0 0.3 0 0.2 0 0.0 9 1.1 15 1.0 6 0.2 8 0.3 8 0.3 6 0.2 Proprietary 0 3.1 4 5.0 11 7.6 12 7.8 14 8.2 16 9.9 18 9.8 3 2.0 33 3.7 112 7.1 209 8.8 230 9.5 240 10.2 243 9.7 — — 5 1.1 6 0.6 2 0.1 2 0.2 2 0.2 2 0.1 0 0.0 35 0.7 57 0.6 18 0.2 24 0.2 22 0.2 19 0.2 Total borrowers column may not equal totals provided in other tables. This column represents the sum of each distinct institution type reported for the borrower during the fiscal year. Since borrowers can change institution type over the fiscal year and they may change this at different rates than other characteristics, the total borrower counts in tables that describe other characteristics will naturally be different. This category provides an unduplicated borrower count for FY94-FY96. That is, borrowers with multiple loans are only counted once in the total. Consequently, the individual row items will not sum to the FDLP total for those years 2 FY 1997-FY 2000 NOTES: Volume measure is Direct Loan commitments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 (in thousands) indicates a number less than 500. 0 (in millions) indicates a number less than 500,000. 0.0 indicates a number less than 0.05. Corresponds to table 11. SOURCES: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System (FY96 and earlier) and National Student Loan Data System (FY97-FY00). Appendices Federal Student Loan Programs Data Book I Table A-12. Federal Direct Loan Program (FDLP) number of loans and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1994-FY 2000 Number of borrowers (in 000’s) and percent of total Loan type and fiscal year Stafford Subsidized 1994 1995 1996 1997 1998 1999 2000 Stafford Unsubsidized 1994 1995 1996 1997 1998 1999 2000 N % N % N % N % N % N % N % 48 83.5 302 77.3 582 69.2 699 68.2 728 67.4 722 66.9 773 67.3 7 11.9 56 14.3 136 16.1 171 16.7 184 17.0 186 17.2 211 18.4 1 1.8 13 3.4 44 5.2 50 4.9 51 4.7 50 4.6 53 4.6 — — 1 0.3 4 0.5 3 0.3 4 0.3 4 0.3 3 0.2 2 2.8 19 4.8 75 9.0 102 10.0 114 10.5 118 10.9 109 9.5 58 100.0 391 100.0 841 100.0 1,025 100.0 1,081 100.0 1,079 100.0 1,148 100.0 $ % $ % $ % $ % $ % $ % $ % 188 78.3 1,075 72.6 1,921 66.8 2,380 65.8 2,458 64.9 2,489 64.6 2,868 65.1 44 18.2 311 21.0 623 21.7 818 22.6 873 23.1 904 23.4 1,084 24.6 3 1.3 36 2.4 102 3.6 117 3.2 118 3.1 114 3.0 127 2.9 — — 3 0.2 12 0.4 7 0.2 9 0.2 9 0.2 8 0.2 5 2.2 55 3.7 217 7.5 295 8.2 329 8.7 339 8.8 321 7.3 240 100.0 1,479 100.0 2,875 100.0 3,617 100.0 3,787 100.0 3,855 100.0 4,408 100.0 N % N % N % N % N % N % N % 112 81.8 603 74.1 1,081 67.1 1,196 66.7 1,192 66.1 1,088 64.3 1,090 63.8 20 14.9 142 17.4 311 19.3 348 19.4 351 19.5 342 20.2 368 21.5 2 1.3 30 3.7 95 5.9 102 5.7 103 5.7 96 5.7 96 5.6 0 0.0 9 1.1 15 0.9 9 0.5 9 0.5 11 0.6 10 0.6 3 1.9 30 3.6 110 6.8 137 7.6 148 8.2 154 9.1 145 8.5 137 100.0 813 100.0 1,611 100.0 1,792 100.0 1,803 100.0 1,691 100.0 1,709 100.0 $ % $ % $ % $ % $ % $ % $ % 477 81.4 2,311 73.8 3,782 68.1 4,216 67.6 4,101 66.8 3,707 65.2 3,898 64.6 96 16.5 640 20.4 1,238 22.3 1,411 22.6 1,410 23.0 1,349 23.7 1,525 25.3 5 0.8 73 2.3 208 3.8 224 3.6 222 3.6 202 3.6 209 3.5 0 0.0 26 0.8 39 0.7 26 0.4 24 0.4 30 0.5 28 0.5 8 1.3 80 2.5 285 5.1 355 5.7 384 6.3 398 7.0 373 6.2 585 100.0 3,130 100.0 5,553 100.0 6,233 100.0 6,141 100.0 5,686 100.0 6,033 100.0 Public 4-year Private 4-year Public 2-year Private 2-year Proprietary Total1 Public 4-year Number of dollars (in 000,000’s) and percent of total Private 4-year Public 2-year Private 2-year Proprietary Total FY 1997-FY 2000 I-13 I-14 Federal Student Loan Programs Data Book I Table A-13. Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by academic level: FY 1994-FY 2000 Loan type and fiscal year Stafford Subsidized 1994 1995 1996 1997 1998 1999 2000 Stafford Unsubsidized 1994 1995 1996 1997 1998 1999 2000 N % N % N % N % N % N % N % 7 13.1 66 18.2 194 26.9 220 24.0 237 24.7 241 24.8 252 21.9 8 13.6 58 16.2 121 16.8 149 16.2 154 16.1 150 15.4 173 15.0 10 17.9 69 19.2 131 18.2 162 17.6 166 17.3 166 17.0 187 16.3 14 25.6 86 24.0 151 21.0 185 20.1 196 20.4 201 20.7 222 19.4 17 29.9 81 22.5 123 17.0 203 22.1 206 21.5 215 22.1 315 27.4 56 100.0 361 100.0 721 100.0 918 100.0 959 100.0 974 100.0 1,149 100.0 $ % $ % $ % $ % $ % $ % $ % 20 8.2 179 12.1 551 19.2 635 17.5 685 18.1 688 17.8 723 16.4 23 9.4 171 11.6 361 12.6 451 12.5 466 12.3 455 11.8 530 12.0 36 14.9 249 16.8 487 17.0 614 17.0 628 16.6 635 16.5 745 16.9 50 20.9 309 20.9 569 19.8 710 19.6 750 19.8 790 20.5 898 20.4 112 46.7 572 38.7 906 31.5 1,207 33.4 1,259 33.2 1,288 33.4 1,512 34.3 240 100.0 1,479 100.0 2,875 100.0 3,617 100.0 3,787 100.0 3,855 100.0 4,408 100.0 N % N % N % N % N % N % N % 21 15.5 157 20.8 417 29.9 432 25.8 442 26.5 430 27.5 396 24.0 22 16.9 144 19.0 263 18.8 298 17.7 291 17.4 267 17.0 273 16.5 26 19.7 153 20.3 258 18.5 295 17.6 288 17.3 266 17.0 270 16.3 36 27.0 180 23.9 281 20.1 314 18.7 317 19.0 299 19.1 303 18.4 28 20.9 121 16.0 176 12.6 338 20.2 329 19.7 304 19.4 409 24.8 133 100.0 755 100.0 1,394 100.0 1,676 100.0 1,667 100.0 1,566 100.0 1,652 100.0 $ % $ % $ % $ % $ % $ % $ % 51 8.7 379 12.1 1,040 18.7 1,067 17.1 1,095 17.8 1,052 18.5 974 16.1 69 11.8 433 13.8 796 14.3 909 14.6 874 14.2 795 14.0 828 13.7 110 18.7 652 20.8 1,116 20.1 1,293 20.7 1,238 20.2 1,127 19.8 1,160 19.2 150 25.7 763 24.4 1,230 22.2 1,357 21.8 1,342 21.9 1,248 22.0 1,277 21.2 205 35.1 903 28.9 1,371 24.7 1,607 25.8 1,592 25.9 1,464 25.7 1,794 29.7 585 100.0 3,130 100.0 5,553 100.0 6,233 100.0 6,141 100.0 5,686 100.0 6,033 100.0 Freshman Number of borrowers (in 000’s) and percent of total Sophomore Junior Senior Graduate Total1 Freshman Number of dollars (in 000,000’s) and percent of total Sophomore Junior Senior Graduate Total FY 1997-FY 2000 Appendices Federal Student Loan Programs Data Book I Table A-13. Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by academic level: FY 1994-FY 2000 (continued) Loan type and fiscal year PLUS loans 1994 1995 1996 1997 1998 1999 2000 FDLP total2 1994 1995 1996 1997 1998 1999 2000 N % N % N % N % N % N % N % 31 19.0 225 24.0 558 31.7 728 26.4 757 27.0 748 27.6 735 24.5 29 17.8 186 19.8 346 19.7 487 17.6 486 17.4 456 16.8 491 16.4 32 19.6 189 20.1 326 18.5 485 17.6 485 17.3 462 17.0 491 16.4 42 25.8 212 22.6 340 19.3 519 18.8 537 19.2 525 19.4 554 18.5 29 17.8 128 13.6 190 10.8 540 19.6 535 19.1 519 19.2 724 24.2 163 100.0 939 100.0 1,759 100.0 2,760 100.0 2,802 100.0 2,710 100.0 2,996 100.0 $ % $ % $ % $ % $ % $ % $ % 112 12.3 811 15.9 2,063 22.0 2,199 20.1 2,316 20.8 2,270 21.2 2,332 19.7 113 12.4 717 14.1 1,383 14.8 1,625 14.9 1,625 14.6 1,520 14.2 1,681 14.2 159 17.4 974 19.1 1,745 18.6 2,086 19.1 2,071 18.6 1,959 18.3 2,139 18.1 213 23.3 1,124 22.0 1,904 20.3 2,188 20.0 2,248 20.2 2,200 20.6 2,362 20.0 317 34.7 1,475 28.9 2,277 24.3 2,814 25.8 2,850 25.6 2,752 25.7 3,306 27.9 915 100.0 5,102 100.0 9,372 100.0 10,918 100.0 11,125 99.9 10,703 100.0 11,833 99.9 N % N % N % N % N % N % N % 7 44.1 41 49.6 76 49.0 76 45.7 78 44.3 76 44.9 87 44.7 3 23.1 19 22.8 36 23.6 40 24.5 42 23.7 39 22.8 45 23.3 2 16.4 13 15.6 24 15.6 29 17.5 32 18.0 30 17.6 34 17.6 2 16.5 10 12.0 18 11.9 20 12.3 25 14.0 25 14.7 28 14.5 — — — — — — — — — — — 15 100.0 83 100.0 154 100.0 165 100.0 176 100.0 170 100.0 194 100.0 $ % $ % $ % $ % $ % $ % $ % 42 46.4 253 51.4 472 50.0 498 46.6 536 44.8 530 45.6 635 45.6 21 23.9 113 22.9 226 24.0 265 24.8 285 23.8 269 23.2 323 23.2 14 15.3 73 14.9 141 15.0 179 16.8 206 17.2 198 17.0 234 16.8 13 14.4 53 10.8 104 11.0 122 11.4 155 13.0 162 14.0 187 13.4 — — — — — — — — — — — 90 100.0 492 100.0 944 100.0 1,068 100.0 1,198 100.0 1,162 100.0 1,393 100.0 Freshman Number of borrowers (in 000’s) and percent of total Sophomore Junior Senior Graduate Total1 Freshman Number of dollars (in 000,000’s) and percent of total Sophomore Junior Senior Graduate Total FY 1997-FY 2000 1 2 — Graduate students are not eligible to receive PLUS loans. Total borrowers column may not equal totals provided in other tables. This column represents the sum of each distinct academic level reported for the borrower during the fiscal year. Since borrowers can change academic level over the fiscal year and they may change this at different rates than other characteristics, the total borrower counts in tables that describe other characteristics will naturally be different. This category provides an unduplicated borrower count for FY94-FY96. That is, borrowers with multiple loans are only counted once in the total. Consequently, the individual row items will not sum to the FDLP total for those years. NOTES: Volume measure is Direct Loan commitments. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. FDLP loan data in FY94 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. Corresponds to table 13. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System (FY96 and earlier) and National Student Loan Data System (FY97-FY00). I-15 Table A-15. Federal Family Education Loans (FFEL) program annual number of active lenders: FY 1966-FY 2000 Fiscal year 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 — Not applicable. NOTES: Some lenders reported loans under multiple numbers. In these instances lenders were counted more than once. These counts do not include lenders who participated exclusively under the FISLP which existed from FY68 through FY84. Corresponds to table 15. SOURCE: U.S. Department of Education, Office of Postsecondary Education, National Student Loan Data System. Number of lenders 1,488 2,781 3,861 3,990 4,054 4,370 4,506 4,469 4,668 4,812 4,867 5,456 6,224 7,687 9,173 10,301 10,610 10,835 11,266 11,298 11,135 10,740 10,158 9,360 8,505 7,804 7,504 7,484 6,812 5,830 4,813 4,252 4,129 3,761 3,592 Percent change from prior year — 86.9 38.8 3.3 1.6 7.8 3.1 -0.8 4.5 3.1 1.1 12.1 14.1 23.5 19.3 12.3 3.0 2.1 4.0 0.3 -1.4 -3.5 -5.4 -7.9 -9.1 -8.2 -3.8 -0.3 -9.0 -14.4 -17.4 -11.7 -2.9 -8.9 -4.5 I-16 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table A-42. Weekly average 91-day Treasury Bill (bond equivalent) rates, by quarter: FY 1977-FY 2000 Quarter ending Fiscal year 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 — Not applicable. NOTES: Special allowance rates to lenders participating in the Federal Family Education Loan (FFEL) program are based on the average weekly 91-day Treasury Bill (bond equivalent) rate for each quarter of the fiscal year. Corresponds to table 42. SOURCE: U.S. Department of Treasury. December 31 — 6.3 9.1 12.4 14.4 12.4 8.2 9.2 9.2 7.4 5.5 6.2 8.0 7.9 7.2 4.7 3.2 3.1 5.5 5.4 5.1 5.2 4.4 5.2 March 31 4.7 6.6 9.7 14.3 15.0 13.6 8.4 9.5 8.5 7.1 5.7 5.9 8.9 8.0 6.2 4.0 3.1 3.3 6.0 5.1 5.2 5.2 4.5 5.7 June 30 5.0 6.7 9.8 9.8 15.6 13.0 8.8 10.2 7.8 6.3 5.9 6.4 8.7 8.0 5.8 3.8 3.1 4.2 5.8 5.2 5.2 5.1 4.6 5.9 September 31 5.7 7.5 10.0 9.8 15.9 9.9 9.6 10.8 7.3 5.7 6.3 7.2 8.1 7.7 5.6 3.1 3.1 4.6 5.5 5.3 5.2 5.0 4.8 6.2 Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 I-17 I-18 Federal Student Loan Programs Data Book I Table A-44. Federal Family Education Loan (FFEL) program estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1979-FY 2000 ($ in 000,000’s) FY79 Stafford Subsidized/FISLP Dollars in school Dollars in repayment Dollars outstanding Stafford Unsubsidized1 Dollars in school Dollars in repayment Dollars outstanding PLUS2 Dollars in repayment Dollars outstanding SLS3 Dollars in repayment Dollars outstanding Consolidation4 Dollars in repayment Dollars outstanding FFEL program total Dollars in school Dollars in repayment Dollars outstanding $5,867 3,200 9,067 $8,579 3,762 12,341 $13,819 4,717 18,536 $15,826 6,874 22,700 $17,444 9,577 27,021 $18,945 13,042 31,987 $20,352 16,921 37,273 $17,662 20,888 38,550 $17,842 25,267 43,109 $17,875 29,014 46,889 $18,173 32,554 50,727 — — — — — — — — — — — — — — — — $267 267 $892 892 $1,510 1,510 — — — — — — $29 29 $132 132 $290 290 $506 506 $707 707 $1,317 1,317 $2,813 2,813 $4,073 4,073 — — — — $28 28 $87 87 $211 211 $357 357 $530 530 $656 656 $822 822 $1,142 1,142 $1,572 1,572 — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — $5,867 3,200 9,067 $8,579 3,762 12,341 $13,819 4,689 18,508 $15,826 6,758 22,584 $17,444 9,234 26,678 $18,945 12,395 31,340 $20,352 15,885 36,237 $17,662 19,525 37,187 $17,842 22,861 40,703 $17,875 24,167 42,042 $18,173 25,399 43,572 FY80 FY81 FY82 FY83 FY84 FY85 FY86 FY87 FY88 FY89 FY 1997-FY 2000 Appendices Federal Student Loan Programs Data Book I Table A-44. Federal Family Education Loan (FFEL) program estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1979-FY 2000 (continued) ($ in 000,000’s) FY90 Stafford Subsidized/FISLP Dollars in school Dollars in repayment Dollars outstanding Stafford Unsubsidized1 Dollars in school Dollars in repayment Dollars outstanding PLUS2 Dollars in repayment Dollars outstanding SLS3 Dollars in repayment Dollars outstanding Consolidation4 Dollars in repayment Dollars outstanding FFEL program total Dollars in school Dollars in repayment Dollars outstanding — Not applicable. 1 2 3 4 FY91 $18,500 28,479 46,979 — — — $2,607 2,607 $4,684 4,684 $3,227 3,227 $18,500 38,997 57,497 FY92 $20,134 28,495 48,629 — — — $3,269 3,269 $5,618 5,618 $4,484 4,484 $20,134 41,866 62,000 FY93 $22,200 29,743 51,943 — — — $3,968 3,968 $7,141 7,141 $5,948 5,948 $22,200 46,800 69,000 FY94 $25,559 32,038 57,597 $1,631 106 1,737 $4,434 4,434 $9,026 9,026 $7,178 7,178 $27,190 52,782 79,972 FY95 $27,916 32,753 60,669 $7,898 1,011 8,909 $5,111 5,111 $7,400 7,400 $10,832 10,832 $35,814 57,107 92,921 FY96 $26,993 35,093 62,086 $10,594 3,423 14,017 $5,632 5,632 $6,155 6,155 $14,546 14,546 $37,587 64,849 102,436 FY97 $26,521 37,401 63,922 $12,876 6,681 19,557 $6,261 6,261 $5,149 5,149 $17,489 17,489 $39,397 72,981 112,378 FY98 $26,051 39,901 65,952 $14,615 10,714 25,329 $6,974 6,974 $4,405 4,405 $19,700 19,700 $40,666 81,694 122,360 FY99 $26,030 41,563 67,593 $16,309 14,582 30,891 $7,595 7,595 $3,564 3,564 $22,907 22,907 $42,339 90,211 132,550 FY00 $26,014 43,709 69,723 $18,165 18,931 37,096 $8,447 8,447 $2,970 2,970 $28,348 28,348 $44,179 102,405 146,584 $19,041 26,388 45,429 — — — $2,037 2,037 $4,457 4,457 $2,203 2,203 $19,041 35,085 54,126 FY 1997-FY 2000 The Stafford Unsubsidized program began in FY93. The Parent Loans for Undergraduate Students (PLUS) program began in FY81. The Supplemental Loan for Students (SLS) program began in FY81 and ended in FY94. Consolidation Loans started in FY87. NOTES: Dollars in default are not included in the dollars outstanding. The Dollars in School category does not apply to PLUS, SLS, and Consolidation loans. This is because PLUS and SLS loans go into repayment on the date the loan is disbursed by the lender, and Consolidation occurs only after a borrower starts the repayment process. Details may not add to totals due to rounding. Calculations are based on numbers prior to rounding. Corresponds to table 44. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 799 and Office of Student Financial Assistance Programs. I-19 Table A-45. Sallie Mae loan purchases and warehousing advances: Calendar years 1973-2000 ($ in 000,000’s) Student loan purchases1 Calendar year 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 Cumulative total Annual $0 4 67 131 92 210 349 595 1,042 1,362 1,687 1,469 1,876 2,303 3,224 4,861 4,987 5,973 6,301 5,772 6,675 7,956 9,380 8,371 9,040 8,417 13,680 20,563 126,387 Outstanding $0 4 71 197 271 438 732 1,217 2,072 3,222 4,581 5,573 6,799 8,175 10,043 13,202 16,029 19,242 22,068 24,173 26,804 30,370 34,336 32,308 29,4432 28,2832 33,8092 37,6472 391,109 Annual $76 155 169 89 158 231 352 811 1,410 716 676 1,207 1,686 1,957 2,481 1,456 2,484 5,612 3,952 1,806 1,813 3,377 2,250 1,392 1,869 1,543 1,043 987 41,759 Warehousing advances Outstanding $76 192 236 214 242 414 708 1,422 2,755 3,191 3,285 4,230 5,481 6,527 8,329 7,944 8,384 9,270 9,395 8,085 7,034 7,032 3,865 2,790 2,518 1,718 1,173 825 107,332 1 Student loan purchases include Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), Supplemental Loan for Students (SLS), Federal Insured Student Loan Program (FISLP), and Health Education Assistance Loans (HEAL). 2 The dollar amounts for calendar years 1997, 1998, 1999, and 2000 represent approximately one-quarter of the FFEL program dollars outstanding. (See FFEL dollars outstanding in table 44.) NOTES: Sallie Mae provides a national secondary market for the FFEL program. Its main function is to purchase loans and provide warehousing advances to participating lenders. Details may not add to totals due to rounding. Corresponds to table 45. SOURCE: Sallie Mae Annual Report. I-20 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table A-49. Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1966-FY 2000 Default dollars paid to lenders (in 000,000’s) — $0 1 7 16 31 55 72 106 117 104 101 106 88 72 85 81 73 80 31 20 19 17 17 12 9 7 4 1 — — $2 3 6 13 19 36 49 68 88 86 108 128 133 168 216 444 627 950 1,262 1,295 1,378 1,675 1,952 2,436 2,032 1,892 1,756 1,580 1,723 1,734 1,631 1,079 1,074 Percent change from from prior FY — — 2,419.7 542.4 136.8 96.4 75.6 29.9 47.1 10.5 -10.6 -3.0 5.2 -16.9 -18.2 18.1 -4.8 -10.9 9.8 -60.7 -35.3 -7.2 -7.5 -1.3 -32.2 -26.7 -17.9 -42.9 -75.0 — — — 50.3 109.0 132.0 48.3 89.2 34.6 40.0 28.6 -2.7 25.9 18.5 4.2 26.7 28.2 105.6 41.3 51.4 32.9 2.6 6.4 21.6 16.5 24.8 -16.6 -6.9 -7.2 -10.0 9.0 0.7 -5.9 -33.9 -0.5 Percent share of FFEL program totals — 1.5 15.9 34.3 45.5 46.4 53.1 51.2 54.6 57.7 49.2 44.2 44.5 34.4 25.1 16.1 11.4 7.0 5.9 2.3 1.4 0.9 0.6 0.5 0.4 0.3 0.3 0.2 0.0 — — 100.0 98.5 84.1 65.7 54.5 53.6 46.9 48.8 45.4 42.3 50.8 55.8 55.5 65.6 74.9 83.7 88.1 92.1 92.9 95.9 94.8 82.2 72.8 75.6 76.5 75.8 73.1 68.9 64.7 58.0 55.4 53.2 51.1 Annual collections (in 000,000’s) — $0 0 0 1 3 4 8 10 10 16 42 43 39 41 51 63 67 129 123 97 83 70 55 55 43 35 20 7 — — $0 0 0 1 1 2 3 6 12 18 19 29 29 36 49 78 122 179 289 410 531 650 807 916 1,160 1,271 1,735 2,088 2,452 2,044 2,534 3,197 3,615 Percent change from from prior FY — — 400.0 100.0 150.0 400.0 68.0 81.0 31.6 -4.0 63.5 168.2 1.2 -8.5 4.4 25.3 23.5 6.3 92.5 -4.7 -21.1 -14.4 -15.7 -21.4 0.0 -22.3 -18.1 -42.9 -65.0 — — — 50.0 100.0 150.0 46.7 72.7 57.9 111.4 94.0 44.9 4.8 55.4 -0.2 23.8 37.2 58.1 57.2 46.2 61.8 41.7 29.4 22.5 24.0 13.6 26.6 9.6 36.5 20.3 17.5 -16.6 24.0 26.1 13.1 Percent share of totals — 11.8 25.0 21.1 31.3 56.8 58.3 54.5 44.8 35.0 45.7 59.2 59.5 52.1 45.3 39.6 34.0 27.2 30.7 22.9 15.3 11.1 7.6 5.2 4.0 2.9 1.8 0.9 0.3 — — 100.0 88.2 75.0 78.9 68.8 43.2 41.7 45.5 55.2 65.0 54.3 40.8 40.5 47.9 54.7 60.4 66.0 72.6 68.8 76.3 83.5 86.9 87.8 86.2 84.4 85.0 90.3 89.8 88.5 84.6 82.7 80.1 76.3 Cumulative dollars (in 000,000’s) Defaults — $0 1 8 24 55 110 182 288 404 509 610 716 805 877 962 1,044 1,116 1,196 1,227 1,248 1,266 1,284 1,301 1,313 1,321 1,328 1,332 1,333 — — $2 4 10 23 42 78 127 196 283 369 477 604 737 906 1,122 1,566 2,193 3,143 4,405 5,700 7,078 8,753 10,705 13,141 15,173 17,065 18,821 20,401 22,123 23,857 25,489 26,568 27,642 Collections — $0 0 0 1 3 8 15 25 35 50 93 135 174 215 266 329 396 525 648 745 828 898 953 1,008 1,051 1,086 1,106 1,113 — — $0 0 1 1 2 4 7 14 26 44 62 91 120 156 205 283 406 584 874 1,283 1,814 2,464 3,271 4,187 5,347 6,618 8,353 10,441 12,893 14,937 17,471 20,668 24,284 Fiscal year FISLP1 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 Stafford Subsidized 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19996 20006 Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 I-21 Table A-49. Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1966-FY 2000 (continued) Default dollars paid to lenders (in 000,000’s) — $1 11 95 288 423 377 513 — $0 0 1 3 6 7 20 32 40 67 78 89 96 98 113 113 101 72 66 — — $0 2 6 10 17 35 299 636 630 441 384 374 383 387 317 237 128 91 — $1 12 35 72 93 123 169 217 343 538 551 372 358 Percent change from from prior FY — — 1,679.7 742.1 203.2 47.0 -11.0 36.1 — — 613.1 143.8 146.3 112.4 11.7 188.1 62.1 23.7 69.6 15.1 15.2 6.8 2.6 15.4 -0.1 -10.7 -28.5 -8.2 — — — 646.3 221.0 58.1 67.4 107.9 756.6 112.5 -0.9 -30.1 -12.9 -2.6 2.4 1.0 -18.1 -25.3 -46.0 -29.0 — — 994.0 199.6 106.2 29.6 31.8 37.8 28.1 58.4 56.8 2.5 -32.6 -3.6 Percent share of FFEL program totals — 0.0 0.5 3.6 9.6 14.4 18.6 24.4 — 0.0 0.1 0.2 0.3 0.5 0.5 1.4 1.6 1.5 2.1 2.9 3.6 4.0 4.3 4.3 3.8 3.4 3.6 3.2 — — 0.0 0.3 0.6 0.7 1.2 2.4 14.7 23.7 19.6 16.6 15.4 15.6 16.7 14.5 10.6 8.0 6.3 4.3 — 0.1 0.6 1.3 2.2 3.5 4.9 7.0 9.4 12.9 18.0 18.7 18.3 17.1 Annual collections (in 000,000’s) — $0 0 4 21 65 141 236 — — $0 0 0 1 2 3 5 8 13 24 35 35 52 74 86 131 143 191 — — $0 0 0 1 2 5 10 33 75 126 131 99 135 195 173 181 198 212 — $0 0 1 4 9 17 17 29 39 92 153 311 485 Percent change from from prior FY — — 4,040.0 884.8 419.1 206.7 116.6 68.2 — — — 85.7 301.0 238.4 93.6 71.3 56.5 65.2 73.9 83.2 45.6 1.2 46.0 43.5 15.4 52.6 9.4 34.1 — — — 558.6 730.7 332.9 70.2 123.1 96.3 225.7 129.3 67.6 3.7 -24.4 36.8 44.1 -11.5 4.6 9.7 7.3 — — 8,285.6 500.4 187.7 149.2 84.9 4.4 64.7 36.1 135.6 67.5 102.7 55.8 Percent share of totals — 0.0 0.0 0.1 0.9 2.1 3.5 5.0 — — 0.0 0.0 0.1 0.2 0.3 0.5 0.6 0.8 1.2 1.7 2.3 1.8 2.2 2.7 3.5 4.3 3.6 4.0 — — 0.0 0.0 0.1 0.3 0.4 0.8 1.3 3.6 7.1 9.2 8.7 5.1 5.8 7.0 7.1 5.9 5.0 4.5 — 0.0 0.0 0.1 0.3 0.7 1.1 0.9 1.2 1.4 3.8 5.0 7.8 10.2 Cumulative dollars (in 000,000’s) Defaults — $1 12 107 395 818 1,195 1,708 — $0 1 2 5 11 18 37 70 109 177 254 344 440 538 651 764 865 937 1,003 — — $0 2 9 19 35 70 370 1,005 1,636 2,077 2,461 2,835 3,218 3,605 3,922 4,158 4,286 4,377 — $1 13 48 119 212 335 504 721 1,064 1,602 2,153 2,525 2,884 Collections $0 0 5 26 91 231 468 — — $0 0 0 1 3 6 10 18 31 55 90 125 177 251 337 467 610 801 — — $0 0 0 2 4 9 19 52 127 254 385 484 619 814 986 1,167 1,365 1,578 — $0 0 1 5 14 31 48 77 115 207 360 671 1,156 Fiscal year Stafford Unsubsidized2 1993 1994 1995 1996 1997 1998 19996 20006 PLUS3 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19996 20006 SLS4 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19996 20006 Consolidation5 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19996 20006 I-22 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Table A-49. Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1966-FY 2000 (continued) Default dollars paid to lenders (in 000,000’s) — — $2 3 7 20 35 68 104 140 193 202 212 229 239 257 288 530 712 1,031 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 Percent change from from prior FY — — — 52.7 144.6 197.2 78.6 92.5 53.6 34.7 38.1 4.5 4.8 7.9 4.7 7.3 12.3 83.9 34.2 44.9 31.7 -0.6 7.7 40.1 31.6 20.2 -17.6 -6.0 -3.8 -4.5 16.0 12.3 -1.6 -31.1 3.7 Percent share of FFEL program totals — — 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Annual collections (in 000,000’s) — — $0 0 0 1 2 4 7 14 22 27 34 71 72 75 90 129 185 246 420 537 636 748 918 1,063 1,374 1,496 1,922 2,324 2,771 2,415 3,064 3,989 4,740 Percent change from from prior FY — — — — 135.3 137.5 68.4 175.0 63.6 93.7 60.0 23.0 25.3 106.9 0.6 4.6 20.1 43.3 43.9 32.9 70.7 27.7 18.4 17.7 22.7 15.8 29.2 8.9 28.4 20.9 19.3 -12.9 26.9 30.2 18.8 Percent share of totals — — 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Cumulative dollars (in 000,000’s) Defaults — — $2 4 11 31 66 134 238 378 571 773 985 1,214 1,454 1,710 1,999 2,529 3,241 4,272 5,630 6,980 8,434 10,471 13,151 16,374 19,029 21,526 23,928 26,222 28,883 31,873 34,816 36,844 38,946 Collections — — $0 0 1 2 3 8 15 29 51 78 113 184 256 330 420 549 734 981 1,401 1,938 2,574 3,322 4,240 5,304 6,677 8,174 10,096 12,419 15,191 17,606 20,669 24,658 29,399 Fiscal year FFEL program total 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19996 20006 — No default collection activity in this year. 1 The Federal Insured Student Loan (FISLP) program ended in FY84. 2 The Stafford Unsubsidized program began in FY93. 3 The Parent Loans for Undergraduate Students (PLUS) program began in FY81. 4 The Supplemental Loan for Students (SLS) program began in FY81 and ended in FY94. 5 Consolidation loans started in FY87. 6 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency. NOTES: Collections data for Stafford Subsidized and for FFEL program totals include mandatory assignments and IRS offsets. FY66-FY75 are for July through June. Data for FY76 are for July through September. Data for FY77-FY00 are for October through September. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500,000. 0.0 indicates a number less than 0.05. Corresponds to table 49. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130 and Office of Student Financial Assistance Programs. Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 I-23 Appendix II Legislative History Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 II-1 Public Laws Listed Chronologically By Date of Enactment National Vocational Student Loan Insurance Act of 1965 – Pub. L. 89-287; October 22, 1965 This legislation authorized a separate guaranteed student loan program for vocational students. This Act was repealed by Pub. L. 90-575 (Higher Education Amendments of 1968); vocational students were then made eligible under Pub. L. 89-329 (Higher Education Act of 1965). Higher Education Act of 1965 – Pub. L. 89-329; November 8, 1965 This is the authorizing legislation for the Guaranteed Student Loan (GSL) programs. Title IV, Part B of this Act originally established a program of low-interest insured loans for students enrolled in institutions of higher education and, with the repeal of Pub. L. 89-287 (National Vocational Student Loan Insurance Act of 1965), in vocational and proprietary schools. Regarding the GSL programs, the purpose of this legislation was: I I I to encourage state and private nonprofit guaranty agencies to establish adequate loan insurance programs; to provide a federal program of loan insurance for students not having reasonable access to state or private nonprofit guaranty agencies; and to pay federal interest subsidies (i.e., interest benefits) on loans made under these programs, as well as on loans made under direct state loan programs (i.e., non-insured loans made directly by a state agency). Federal Claims Collection Act of 1966 – Pub. L. 89-508; July 19, 1966 This Act provided for the collection and compromise of all claims of the United States, pursuant to regulations and standards published by the General Accounting Office (GAO) and/or the head of each executive-branch agency. International Education Act of 1966 – Pub. L. 89-698; October 29, 1966 Section 204 of this Act amended the GSL programs to allow students to obtain GSLs to attend foreign institutions of higher education. Higher Education Amendments of 1966 – Pub. L. 89-752; November 3, 1966 Section 11 of this Act established that the minimum federal advance to any guaranty agency for any fiscal year, pursuant to §422(a) of Pub. L. 89-329, would be $25,000. Section 12 of this Act authorized the government of the District of Columbia to establish a guaranty agency and authorized appropriations for that purpose. The Commissioner of Education was also required to conduct a study to determine ways of improving the GSL programs. Economic Opportunity Amendments of 1966 – Pub. L. 89-794; November 8, 1966 Section 1101(b) of this Act provided for deferment of repayment for full-time VISTA volunteers. Appendices (Untitled) – Pub. L. 90-460; August 3, 1968 Section 2 of this Act raised the maximum interest rate applicable to GSLs from 6 percent to 7 percent An administrative cost allowance (maximum 1 percent) was also authorized when state usury laws did not permit an interest rate of 7 percent Comparable changes were made to both Pub. L. 89-287 and Pub. L. 89-329. Federal Student Loan Programs Data Book I FY 1997-FY 2000 II-3 Section 3 provided for federal reinsurance of loans guaranteed by state or private nonprofit guaranty agencies. Reimbursement was 80% of the principal amount of losses incurred by the agencies in paying default/death/disability claims to lenders. Higher Education Amendments of 1968 – Pub. L. 90-575; October 16, 1968 Highlights from this Act include: I I I I I I I I I I I I The GSL programs were extended through 1971. The 3% interest subsidy paid during the repayment period was eliminated. Provided for federal payment and discharge of borrower debts on death/disability claims. Repealed Pub. L. 89-287 and also permitted the Commissioner of Education to make direct loans to vocational students. Eliminated the 1- percent administrative allowance (authorized by Pub. L. 90-460) and provided for a permanent override of state usuary laws. Authorized $12.5 million in new federal advance funds for guaranty agencies (§422(a) of Pub. L. 89-329) Required guaranty agencies to authorize deferments for full-time study, VISTA/peace corps service and service in the armed forces. Annual/aggregate loan amounts under guaranty agency programs were made comparable to the Federal Insured Student Loan Program (FISLP). The definition of “eligible lender” was expanded to include pension funds; credit unions could invest a larger percentage of assets in GSLs. The Commissioner was authorized to insure loans made by lenders in guaranty agency states for borrowers not meeting an agency’s residency requirements, and was also authorized to provide federal insurance to lenders operating on an interstate basis. A minimum annual repayment amount of $360 was established for borrowers. Section 461(a) of this Act amended the definition of “state” to include the Trust Territories of the Pacific. Emergency Insured Student Loan Act of 1969 – Pub. L. 91-95; October 22, 1969 This law, originally a separate Act that did not amend Pub. L. 89-329, created a special allowance payment to lenders; the maximum special allowance was set at 3 percent. Pub. L. 94-482 (Education Amendments of 1976) subsequently repealed this Act and incorporated the special allowance provisions (somewhat revised) into Pub. L. 89-329. This Act also required the Secretary of HEW to conduct a study to determine if there were any practices of lending institutions that discriminated against particular classes or categories of students. The report was to be submitted to the Congress prior to March 1, 1970. Fair Credit Reporting Act – Pub. L. 91-508; October 26, 1970 This Act (Title VI of the Consumer Credit Protection Act of 1968) became effective on April 25, 1971, and was the first federal “regulation” of the consumer reporting industry (i.e., credit bureaus, investigative reporting agencies and other organizations that gather and report information about consumers). Comprehensive Health Manpower Training Act of 1971 – Pub. L. 92-157; November 18, 1971 Section 105(b) of this Act amended §741(f) of the Public Health Service Act to provide for repayment of educational loans by the Secretary of HEW for service of at least two years in areas having shortages of, and need for, personnel trained in certain professions (medicine, osteopathy, dentistry, veterinary medicine, optometry, pharmacy or podiatry). II-4 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Nurse Training Act of 1971 – Pub. L. 92-158; November 18, 1971 Section 6(b) of this Act amended the Public Health Service Act to provide for repayment of educational loans (costs of nurse training) by the Secretary of HEW for service of at least two years in areas having shortages of, and need for, nurses. Education Amendments of 1972 – Pub. L. 92-318; June 23, 1972 Highlights of this Act include: I I I I I I I Extended the GSLP through June 30, 1975. Increased annual amounts for all students to $2,500 and aggregate amounts for graduate/professional students to $10,000. Required “need analysis” for determining eligibility for interest benefits. Required that the borrower sign an affidavit stating that the loan proceeds would be used only for educational purposes (“Statement of Educational Purpose”). Increased FISLP insurance coverage to 100% of principal and interest, and pledged the full faith and credit of the U.S. to the payment of FISLP claims. Created the Student Loan Marketing Association (Sallie Mae or SLMA). Authorized the Commissioner to publish a list of state agencies determined to be reliable authorities as to the quality of public vocational schools. Joint Resolution – Pub. L. 92-391; August 19, 1972 This Act suspended until March 1, 1973, all provisions of Pub. L. 92-318 except the extension of the GSLP, the creation of Sallie Mae, and the student affidavit requirement. Domestic Volunteer Service Act of 1973 – Pub. L. 93-113; October 1, 1973 This Act repealed Title VIII of the Economic Opportunity Act of 1964, which had authorized GSLP deferments, and substituted a deferment provision for full-time volunteers in the ACTION programs authorized by Title I of this Act. (Untitled) – Pub. L. 93-269; April 18, 1974 This Act revised the requirements for determining eligibility for interest benefits and extended Pub. L. 91-95 through June 30, 1975. Education Amendments of 1974 – Pub. L. 93-380; August 21, 1974 This Act contained amendments relating to the Office of Education’s regional offices, the General Education Provisions Act (GEPA), and the transmittal of rules/regulations to the Congress (known as the “Buckley Amendment”). Equal Credit Opportunity Act – Pub. L. 93-495; October 28, 1974 This Act restricted the conditions under which a lender can request information about marital status and obtain the signature and income information of a spouse as part of a loan application. Regulation B, published in the Federal Register on October 22, 1975, implemented this Act. The GSLP was deemed exempt from these provisions during periods in which the adjusted family income of the borrower and family was used to determine eligibility for interest benefits. Privacy Act of 1974 – Pub. L. 93-579; December 31, 1974 This Act provided for the safeguard of individual records, and the access to such records, that are maintained by federal agencies. Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 II-5 Emergency Technical Provisions Act of 1976 – Pub. L. 94-328; June 30, 1976 This Act extended the authority for lenders to make insured loans and for the special allowance rates to be set through the “transition quarter” ending September 30, 1976. This “transition quarter” was the quarter that bridged the old federal fiscal year (July 1 - June 30) and the new one (October 1 - September 30). Education Amendments of 1976 – Pub. L. 94-482; October 12, 1976 This Act extended the GSLP though June 30, 1981, and totally rewrote the authorizing legislation for the first time since the enactment of Pub. L. 89-329. Technical and Miscellaneous Amendments – Pub. L. 95-43; June 15, 1977 Most amendments made by this Act dealt with changes effected by Pub. L. 94-482 and to guaranty agency programs. This Act also amended the formula for special allowance (SA) to calculate SA on the “average unpaid balance of principal” rather than on the “unpaid balance of disbursed principal.” The existing practice of dividing the “annual” special allowance rate by four (to obtain a “quarterly rate”) was added to the statutory formula. Fair Debt Collection Practices Act – Pub. L. 95-109; September 20, 1977 This Act is to ensure fair treatment by debt collectors and to prohibit abusive and deceptive collection practices. Pub. L. 99-361 was amended to include attorneys, collecting on behalf of and in the name of creditors, as “debt collectors.” (Untitled) – Pub. L. 95-180; November 15, 1977 This Act amended the definition of “state” (§1201(b) of Pub. L. 89-329) was amended to include the Northern Mariana Islands. Education Amendments of 1978 – Pub. L. 95-561; November 1, 1978 Section 1322 of this Act amended the effective date of §422(c) [“1976 advance funds” to “new” guaranty agencies] to be October 1, 1976 rather than October 1, 1977 (as originally enacted by Pub. L. 94-482). This was enacted to permit the Higher Education Assistance Foundation (HEAF) to qualify as a “new” guaranty agency. Middle Income Student Assistance Act – Pub. L. 95-566; November 1, 1978 This Act eliminated the “adjusted family income” ceiling for determining eligibility for interest benefits. A new deferment was authorized for borrowers in rehabilitation training programs. Uniform Law on the Subject of Bankruptcy – Pub. L. 95-598; November 1, 1978 Section 317 of this Act repealed section 439A of Pub. L. 89-329 that had been enacted by Pub. L. 94-482 and had provided for the non-dischargeability of student loans through the first five years of repayment. The repeal was effective on the date of enactment of this Act. Section 523 of this Act established a new student loan provision (effective October 1, 1979) that was generally comparable to the repealed section 439A, but applied only to loans held by governmental units and institutions of higher education. As such, it did not apply to loans held by commercial lenders, Sallie Mae, proprietary schools, or private non-profit guaranty agencies. Right to Financial Privacy Act of 1978 – Pub. L. 95-630; November 10, 1978 This Act governs financial institutions that provide federal agencies or their agents with access to, or information contained in, the financial records of a customer. It does not govern disclosures and access provided to non-federal organizations such as guaranty agencies. II-6 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Higher Education Technical Amendments of 1979 – Pub. L. 96-49; August 13, 1979 This Act removed the 5 percent ceiling on the special allowance rate, effective as of the quarter ending September 30, 1979; the special allowance formula was amended; and Section 428(a) of Pub. L. 89-329 was amended to provide for a special multiple installment agreement. (Untitled) – Pub. L. 96-56; August 14, 1979 This Act amended the Bankruptcy Act to include the provisions of section 439A that had been repealed by section 317 of Pub. L. 95-598, effective through October 1, 1979. The Bankruptcy Act was amended, effective October 1, 1979, to apply these provisions to a larger group of student loans, including all GSLs, NDSLs, and Health Education Assistance Loans (HEALs). Department of Education Organization Act – Pub. L. 96-88; October 17, 1979 This Act established the cabinet-level Department of Education, under which the federal student assistance programs formerly were administered by the U.S. Office of Education. Department of Defense Authorization Act, 1981 – Pub. L. 96-342; September 8, 1980 Section 902 of this Act provided for the Armed Forces Repayment Program, under which the Secretary of Defense is authorized to repay GSLs and NDSLs on the basis of criteria established by the Defense Department. Education Amendments of 1980 – Pub. L. 96-374; October 3, 1980 This Act made numerous changes to the GSL programs covering: I I I I I I I I I Annual/aggregate loan amounts. Interest rates. Special allowance payments to tax-exempt authorities. New deferments for Public Health Service, service with a tax-exempt organization, internship programs, and temporary, total disability. A six-month grace period, for 8 percent and 9 percent GSLs, and a post-deferment grace period. Amendments to the Administrative Cost Allowance (ACA) spending minimums and definitions. Establishment of the Parent Loans for Undergraduate Students (PLUS) program. Changes to the Sallie Mae warehousing and financing authority and Sallie Mae’s authority to make Consolidation Loans. New definitions of “independent student,”“allowable cost of attendance,” and “student eligibility” for all Title IV programs. Omnibus Reconciliation Act of 1980 – Pub. L. 96-499; December 5, 1980 Section 302 of this Act amended §6103(m) of the Internal Revenue Code of 1954 to provide for the disclosure of mailing addresses of defaulted student loan borrowers by the Secretary to employees/agents of the Department of Education, guaranty agencies, and schools for the purpose of locating such borrowers and collecting defaulted loans. Omnibus Budget Reconciliation Act of 1981 (including the Postsecondary Student Assistance Amendments of 1981) – Pub. L. 97-35; August 13, 1981 The Postsecondary Student Assistance Amendments of 1981 (part of Pub. L. 97-35) made additional changes to the GSL programs, including: I I Appendices Reinstatement of need analysis criteria for eligibility for interest benefits. Revisions to the definitions of “estimated cost of attendance” and “estimated financial assistance” (to Federal Student Loan Programs Data Book I FY 1997-FY 2000 II-7 I I I I I I I include Veterans and Social Security educational benefits). Elimination of “rounding” of special allowance rate and payment of special allowance on nonsubsidized loans. Implementation of the loan origination fee. Repeal of the post-deferment grace period. Increase of the minimum annual repayment amount from $360 to $600. Repeal of the increased loan amounts for independent undergraduate students (GSL). Increased PLUS interest rate. Expanded eligibility under the PLUS program to include independent undergraduate students and graduate/professional students. Department of Defense Authorization Act – Pub. L. 97-252; September 1982 Section 1113(a) of this Act amended the Military Selective Service Act. Effective for periods of instruction beginning on/after June 30, 1983, any student who is subject to Selective Service registration and has not done so is ineligible to receive any Title IV student assistance. Student Financial Assistance Technical Amendments Act of 1982 – Pub. L. 97-301; October 13, 1982 Section 9 of this Act dealt with the 1983-84 GSL Family Contribution Schedule (FCS). Section 13(a) amended §433A of Pub. L. 89-329 to require a number of new disclosures prior to the start of the repayment period. Section 14(b) extended the authority of Sallie Mae to make Consolidation loans (until August 1, 1983). Garn-St. Germain Depository Institutions Act of 1982 – Pub. L. 97-320; October 15, 1982 Section 701 of this Act amended §104 of the Truth-in-Lending Act to exempt GSLs and NDSLs from the requirements of Regulation Z and from the disclosure requirements of any state law. These amendments were made retroactive and applied to all GSLs. Debt Collection Act of 1982 – Pub. L. 97-365; October 25, 1982 This Act amended the Privacy Act (Pub. L. 93-579) and the Federal Claims Collection Act of 1966 (Pub. L. 89-508) to require that agencies administering certain federal loan programs to provide for a taxpayer’s identification number. It also provided several procedures for the collection of debts owed to the federal government, including salary offsets for federal employees. Student Loan Consolidation and Technical Amendments Act of 1983 – Pub. L. 98-79; August 15, 1983 This Act made several significant changes, including: I I I I I I I Revised loan disclosure requirements. Extended the authority of Sallie Mae to make Consolidation loans until November 1, 1983. Technical changes to the Administrative Cost Allowance (ACA) and interest rate provisions. Added “non-discrimination” language. Clarified when the repayment period begins (loans carrying a six-month grace period). Amended Pub. L. 97-301 to require that the 1984-85 and 1985-86 GSL Family Contribution Schedules (FCS) be the same as the 1982-83 FCS, except for updating for “the most recent and relevant data.” Established restrictions on special allowance payments to tax-exempt authorities and required those entities to submit Plans for Doing Business to the Department of Education. II-8 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Deficit Reduction Act of 1984 – Pub. L. 98-369; July 18, 1984 Certain provisions of this Act affected tax-exempt bonds and the funding of student loans, particularly by the establishment of a state-wide cap for student loans and industrial revenue bonds. A study of tax-exempt funding of student loans and a review of IRS regulations on tax-exempt funding was mandated. Section 2653(c) of this Act provided for the IRS offset program through 1/1/88. Single Audit Act of 1984 – Pub. L. 98-502; October 19, 1984 This Act provided for uniform requirements for audits of federal financial assistance provided to state and local governments. It was, among other things, meant to ensure that federal departments rely on audit work done by other state and federal agencies, such as the General Accounting Office (GAO). Education Amendments of 1984 – Pub. L. 98-511; October 19, 1984 This Act amended Pub. L. 97-301 to continue the GSL Family Contribution Schedule (FCS) in essentially the same form through the 1986-87 academic year. The Act also extended, through 1986-87, the independent student criteria and separate need analysis systems for the Campus-based programs. Department of Defense Authorization Act, 1986 – Pub. L. 99-145; November 11, 1985 This Act made permanent the Armed Forces Loan Repayment Program enacted by Pub. L. 96-342. Balanced Budget and Emergency Deficit Control Act of 1985 – Pub. L. 99-177; December 12, 1985 This Act, relating to the federal debt ceiling limit, is known as the “Gramm-Rudman-Hollings” balanced budget amendment. When automatic spending cuts are mandated by the President, via a sequestration order, the GSL programs are affected by a reduction in special allowance rates and an increased loan origination fee. Compact of Free Association – Pub. L. 99-239; January 14, 1986 This Act provided for the implementation of compacts to establish the governments of Palau, the Marshall Islands and the Federated States of Micronesia, formerly known as the Trust Territories of the Pacific Islands). As new entities under those compacts, they would no longer be subject to the laws of the United States and, with certain exceptions, their citizens would no longer be eligible for federal student assistance. Consolidated Omnibus Budget Reconciliation Act of 1985 – Pub. L. 99-272; April 7, 1986 This Act extended the GSL programs through September 30, 1988 and made a number of changes to the Title IV programs. Student Financial Assistance Technical Corrections Act of 1986 – Pub. L. 99-320; May 23, 1986 This Act made corrections to Pub. L. 99-272: I I I Amended the effective date for ineligibility for the Title IV programs due to default on student loans. Amended the effective date for the requirement that loan checks be sent directly to schools. Provided that guaranty agencies can be reimbursed for Supplemental Preclaims Assistance costs through reinsurance payments. Appendices Higher Education Amendments of 1986 – Pub. L. 99-498; October 17, 1986 This Act, known as “Reauthorization,” extended the Title IV programs through 1991, and made numerous major changes to those programs. Federal Student Loan Programs Data Book I FY 1997-FY 2000 II-9 Immigration Reform and Control Act of 1986 – Pub. L. 99-603; November 6, 1986 This Act established rules for the eligibility for federal programs of financial assistance of aliens granted temporary resident status. Higher Education Technical Amendments Act of 1987 – Pub. L. 100-50; June 3, 1987 This Act made several additional changes to the Title IV programs that were considered as if enacted as part of Pub. L. 99-498. Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 – Pub. L. 100-119; September 29, 1987 In part, this Act reinstated the provisions of §256(c) of Pub. L. 99-177. The Presidential sequestration order was issued, effective October 20, 1987, to affect special allowance payments and origination fees. Omnibus Budget Reconciliation Act of 1987 – Pub. L. 100-203; December 22, 1987 This Act achieved the deficit reductions mandated by Pub. L. 100-119 and rescinded the initial sequestration order of October 20, 1987. §428(k) of Pub. L. 89-329 was amended to require guaranty agencies to provide schools, upon request, information about former students who have defaulted. Authority for the federal tax offset program, authorized by §2653 of Pub. L. 98-369, was extended through 7/1/88. Augustus F. Hawkins-Robert T. Stafford Elementary and Secondary School Improvement Amendments of 1988 – Pub. L. 100-297; April 28, 1988 Effective July 1, 1988, §2601 of this Act renamed the programs authorized under Title IV, Part B of Pub. L. 89-329 as the “Robert T. Stafford Loan Program.” NOTE: Initially, after discussions with congressional staff, the decision was made to refer to these programs collectively as the “Part B Programs” and to refer to the “Guaranteed Student Loan Program” and “Guaranteed Student Loans” as the “Stafford Loan Program” and “Stafford Loans” respectively, with the other programs (FISLP, Consolidation, PLUS and SLS) continuing to be referred to by their individual names. Later, the decision was made to use “Guaranteed Student Loan programs” as the “umbrella” term for the Title IV, Part B programs and to use the terms “Stafford,” “FISLP,” “Consolidation,” “PLUS,” and “SLS” for the individual programs. (Untitled) – Pub. L. 100-369; July 18, 1988 This Act made several changes: I I I Multiple disbursement of SLS loans according to the same requirements in effect for Stafford loans. A determination of need for and application for a Stafford loan prior to application for an SLS. The internship/residency deferment, implemented by Pub.L. 100-50, was made applicable to all Stafford and SLS borrowers. Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 1989 – Pub. L. 100-436; September 20, 1988 This appropriations bill also affected §§479A, 411F (professional judgment), and 484 (student eligibility) of Pub. L. 89-329. Welfare Reform Act – Pub. L. 100-485; October 13, 1988 Title VII, §701(a) of this Act amended §2653(c) of Pub. L. 98-369 to extend the authority for the IRS offset through 1/10/94. II-10 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Technical and Miscellaneous Revenue Act of 1988 – Pub. L. 100-647; November 10, 1988 This Act provided for the following: I I I A College Savings Plan; interest on U.S. Savings Bonds would be tax-free if the bonds are used to pay for college. The Treasury Department is required to issue regulations that again include special allowances in the profit calculations of tax-exempt bondholders. Graduate students who get tuition benefits for teaching can exclude, for IRS purposes, the tuition reduction that represents the value of the services performed. Omnibus Drug Initiative Act of 1988 – Pub. L. 100-690; November 18, 1988 This Act, in part (Title IV-D, the “Drug-free Workplace Act”), curtails student aid eligibility for certain individuals convicted of drug related crimes. Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 1990 – Pub. L. 101-166; November 21, 1989 This Act affected the following: I I Pro rata refunds at high default schools. Professional judgment, less-than-half-time students and maximum awards under the Pell Grant Program. Drug Free Schools and Communities Act Amendments of 1989 – Pub. L. 101-226; December 12, 1989 Section 22 of this Act requires each institution of higher education to sign a certification by October 1, 1990 that it has adopted and implemented a program to prevent the illicit use of drugs and the abuse of alcohol by its students and employees. A biennial review of its program is also required by each institution. Omnibus Budget Reconciliation Act of 1989 – Pub. L. 101-239; December 19, 1989 This Act affected the following general areas: I I I I I I I I I I Aid administrator discretion (§479A of Pub. L. 89-329) and institutional eligibility as affected by loss of accreditation. Ability-to-benefit students under most Title IV programs. The Special Payoff and Loan Rehabilitation programs. §11002(b)(2) affected the sequestration order issued by the President on October 16, 1989. Deferment and loan eligibility under the Guaranteed Student Loan and Perkins Loan programs during medical internships/residencies. Forbearances for medical and dental internships/residencies. Restricted SLS eligibility for students at high default schools. Changes affecting SLS annual loan limits. Revisions to the multiple disbursement requirements and other disbursement/endorsement requirements for Stafford and SLS loans, including new overaward provisions. GED requirement for SLS borrowers admitted under ability-to-benefit provisions. Appendices Omnibus Budget Reconciliation Act of 1990 – Pub. L. 101-508; November 5, 1990 This Act affected the following general areas: I Requirement that students admitted on the basis of ability-to-benefit pass as independently administered examination approved by the Secretary. Federal Student Loan Programs Data Book I FY 1997-FY 2000 II-11 I I I I I I Provision for institutions to refuse to provide loan certification or to reduce the determination of need. Requirement that guaranty agencies provide preclaims and supplemental preclaims assistance (SPA) and revision to the SPA payment. Revision to the minimum period requirement for SLS annual loan amounts. Expansion of the delayed delivery requirement to apply to Stafford and SLS loans and other revisions. Ineligibility of institutions whose cohort default rates exceed certain thresholds. Amendments to the Bankruptcy Law, exempting certain actions from the automatic stay provisions and including Chapter 13 bankruptcies as non-dischargeable. National Defense Authorization Act for Fiscal Year 1991 – Pub. L. 101-510; November 5, 1990 §1206(b) of this Act provides, with certain restrictions, a program under which federal agencies are permitted to repay student loans of employees in order to recruit or retain highly qualified professional, technical or administrative personnel. The Office of Personnel Management (OPM) is responsible for issuing regulations to implement this program. Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 1991 – Pub. L. 101-517; November 5, 1990 The provisions of this Act related to student assistance affected special conditions provisions (§479A of the Higher Education Act of 1965, as amended) and the Pell Grant Program. Student Right-to-Know and Campus Security Act – Pub. L. 101-542; November 8, 1990 This statute suspended the provisions set forth in 33 CFR 668.44(c) -(f) [consumer disclosures] but did not affect the additional statutory requirement found in §487(a)(8) of the Higher Education Act of 1965, as amended. National and Community Service Act of 1990 – Pub. L. 101-610; November 16, 1990 This Act affected the information* dissemination and exit counseling information activities of schools, found in §§485(a) and (b) of the Higher Education Act of 1965, as amended, and information contained in departmental publications and the National Student Loan Data Base, found in §§485(d) and 485B(a) of the Higher Education Act of 1965, as amended. * Deferments (GSL and Perkins programs) and partial cancellations (Perkins) for service in the Peace Corps, the ACTION Programs and tax-exempt organizations. Crime Control Act of 1990 – Pub. L. 101-647; November 29, 1990 This statute further modified the Bankruptcy Code to extend the “five-year” period of non-dischargeability to seven years and, in addition to Title IV student loans, to include obligations to repay educational benefits provided by a governmental unit or under a program funded by a governmental unit or non-profit institution. Higher Education Technical Amendments of 1991 – Pub. L. 102-26; April 9, 1991 This Act affected Title IV applicants and recipients, who were Reservists of an Armed Force called to active duty for service in connection with Operation Desert Shield or Operation Desert Storm, relating to (a) tuition refunds/credits, (b) need analysis, (c) military deferment eligibility, (d) a post-deferment grace period after a military or in-school deferment, and (e) general administrative requirements related to the GSL and Perkins (including Direct and Defense loans) programs. This Act also contained provisions not related to Operation Desert Shield or Operation Desert Storm that affected (a) need analysis for Puerto Rico residents, (b) the elimination of the statute of limitations II-12 Federal Student Loan Programs Data Book I FY 1997-FY 2000 provisions, and (c) the authority of institutions to refuse to certify GSL programs loan applications or to certify applications for lesser amounts. Emergency Unemployment Compensation Act of 1991 – Pub. L. 102-164; November 15, 1991 §401 of this Act amended §2653(c) of the Deficit Reduction Act of 1984 (Pub. L. 98-369) to make the IRS offset program permanent, effective 10/1/91. Higher Education Amendments of 1992 – Pub. L. 102-325; July 23, 1992 This Act, known as “Reauthorization,” extended the Title IV programs through FY 1998 and made numerous major changes to those programs. Health Professions Education Extension Amendments of 1992 – Pub. L. 102-408; October 13. 1992 §306 of this Act amended §428C of Higher Education Act of 1965 to include HEAL Program loans as part of eligible loans that may be included in a Federal Consolidation Loan. Omnibus Budget Reconciliation Act of 1993 – Pub. L. 103-66; August 10, 1993 Chapters 1 (Federal Direct Student Loan Program) and 2 (Conforming Amendments) of Subtitle A of Title IV of this Act are known as the “Student Loan Reform Act of 1993.” National and Community Service Trust Act of 1993 – Pub. L. 103-82; September 21, 1993 In part, this Act establishes the Corporation for National Service by combining the existing ACTION programs and the Commission on National and Community Service. Provisions include the acceleration of the implementation of the Federal Stafford Loan Forgiveness program. Higher Education Technical Amendments of 1993 – Pub. L. 103-208; December 20, 1993 §2(c) of this Act made a number of “technical” corrections and revisions to Title IV, Part B of the Higher Education Act of 1965. §5(a) of this Act specified that those amendments were effective as if they had been included in Pub. L. 102-325, unless otherwise specified in §5(b). (Untitled) – Pub. L. 103-235; April 28, 1994 Extension (from 7/1/94 to 7/1/98) of the exemption of Historically Black Colleges and Universities (HBCU) from the default rate criteria (§435(a)(2)(C) of the Act). Improving America’s Schools Act of 1994 – Pub. L. 103-382; October 20, 1994 §355 of this Act provided that guaranty agency reinsurance “trigger” calculations will now exclude lenderof-last-resort loans; §356 specified that loans made under the Nursing Student Loan Program (subpart II of part B of title VIII of the Public Health Service Act) may be included in Federal Consolidation Loans; and §357 amended the definition of “economic Hardship (§435(o) of Pub. L. 89-329, as amended). Bankruptcy Reform Act of 1994 – Pub. L. 103-394; October 22, 1994 §313 of this Act, amended §525 of title 11 of the United States Code to specify that a loan applicant may not be denied a loan by a lender or a guaranty agency solely because of bankruptcy. Appendices The Omnibus Consolidated Recissions and Appropriations Act of 1996 – P.L. 104-134; April 26, 1996 §305 of this Act required that ED pay administrative cost allowances to guaranty agencies for FY 1995 and FY 1996 and restricted the use of subsequent years’ funds available under §458 (the Higher Education Act [HEA] of 1965, as amended) for FDLP administrative expenses. Federal Student Loan Programs Data Book I FY 1997-FY 2000 II-13 §31001 made numerous changes to the collection of delinquent and defaulted federal obligations. For example, it barred delinquent federal debtors from receiving federal loans or loan guarantees. The Small Business Job Protection Act of 1996 – P.L. 104-188; August 20, 1996 §1614 of this Act amended Internal Revenue Code §150(d) to make financially feasible the conversion of not-for-profit secondary markets to private, for-profit companies. Permits a not-for-profit secondary market to cease status as a “qualified scholarship funding corporation” yet maintains the tax-exempt status of its tax-exempt bonds. Allows the not-for-profit organization to transfer assets to a new for-profit corporation without encountering adverse tax consequences. The Omnibus Consolidated Appropriations Act, 1997 – P.L. 104-208; September 30, 1996 Title VI of this Act amended the HEA to provide for the reorganization of the Student Loan Marketing Association (Sallie Mae) through the formation of a holding company and the cessation of federal sponsorship. Amended HEA to prohibit Sallie Mae, or any successor entity functioning as a secondary market for student loans, from engaging in certain discriminatory practices against borrowers. §304 of this Act required that ED pay administrative cost allowances to guaranty agencies for FY 1996 and FY 1997 and restricted the use of subsequent years’ funds available under HEA §458 for FDLP administrative expenses. The 1997 Emergency Supplemental Appropriations Act for Recovery from Natural Disasters, and for Overseas Peacekeeping Efforts, Including Those in Bosnia – P.L. 105-18; June 12, 1997 §6002 of this Act authorized the Secretary to waive statutory and regulatory provisions for the benefit of borrowers and schools affected by floods in the Midwest. The Balanced Budget Act of 1997 – P.L. 105-33; August 5, 1997 §6101 of this Act directed the Secretary of Education to recall a specified amount of reserve funds held by guaranty agencies on September 1, 2002. Denied the Secretary any authority to direct a guaranty agency to return reserve funds before such date. Required each guaranty agency, between FY 1998 and 2002, to transfer a certain portion of its required share of the projected recall amount into restricted accounts for investment in U.S. obligations or other similarly low-risk securities. §6102 repealed the requirement that the Secretary pay direct loan origination fees to institutions of higher education to assist in meeting the cost of loan origination. §6103 set HEA §458 funding levels through FY 2002 for mandatory administrative expenses. Reduced the previously authorized level of appropriations for FY 1998 ($750 million), while authorizing increasing amounts for subsequent fiscal years until the level reached $750 million for FY 2002. Prescribed a formula for the calculation of administrative cost allowances payable to guaranty agencies. The Taxpayer Relief Act of 1997 – P.L. 105-34; August 5, 1997 §202 of this Act restored partial tax deductibility for student loan interest. §225 expanded community service loan forgiveness by excluding from taxable income loan amounts forgiven by non-profit, tax-exempt charitable or educational institutions for borrowers who take qualifying community-service jobs. II-14 Federal Student Loan Programs Data Book I FY 1997-FY 2000 The Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 1998 – P.L. 105-78; November 13, 1997 §609 of this Act allowed FFELP lenders to include underlying FDLP loans in their consolidation loans. Prohibited an eligible lender from discriminating against any borrower seeking a consolidation loan: (1) based on the number or type of eligible student loans the borrower seeks to consolidate; (2) based on the type or category of institution of higher education that the borrower attended; (3) based on the interest rate to be charged with respect to the consolidation loan; or (4) with respect to the types of repayment schedules offered to such borrower. The Transportation Equity Act for the 21st Century [TEA-21] – P.L. 105-178; June 9, 1998 §8301 of this Act postponed the impending July 1, 1998 implementation of long-term T-note interest rates for FFELP and FDLP loans until October 1, 1998. Instead implemented a new rate structure based on the short-term (91-day) T-bill: a FFELP/FDLP Stafford borrower interest rate of T-bill +1.7% for inschool/grace/deferment and +2.3% for repayment and a FFELP lender special allowance rate of T-bill +2.2% for in-school/grace/deferment status loans and +2.8% for repayment status loans. FFELP/FDLP PLUS loans shifted to 91-day T-bill +3.1%. The Higher Education Amendments of 1998 – P.L. 105-244; October 7, 1998 This Act, known as “Reauthorization,” extended the Title IV programs through FY 2003 and made numerous major changes to those programs. Continued the TEA-21 interest rate and special allowance structure for Stafford and PLUS loans. The Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 – P.L. 105-277; October 21, 1998 Division H of this Act modified the Federal Deposit Insurance Act to permit certain affiliations between Sallie Mae and depository institutions. Amended the Federal Deposit Insurance Act to specify circumstances under which the Secretary of the Treasury may: (1) approve an affiliation between a depository institution and Sallie Mae solely in its reorganized, privatized status as “the Holding Company,” not in its status as a government sponsored enterprise (GSE); and (2) impose affiliation terms and conditions, including constraints upon either the issuance of debt obligations by Sallie Mae in its GSE status, or upon the use of proceeds from such obligations. (Previous law prohibited affiliations between depository institutions and GSEs.) Limited the value of the investment portfolio of Sallie Mae in its GSE status in the event such affiliation should occur to the lesser of: (1) its value upon enactment of this Act; or (2) its value on the date such affiliation is consummated. The Gramm-Leach-Bliley Financial Services Modernization Act – P.L. 106-102; November 12, 1999 Requires FFEL lenders and the Department (as well as lenders in other contexts) to provide certain disclosures to consumers. Appendices The Consolidated Appropriations Act, 2000 – P.L. 106-113; November 29, 1999 §303 of Appendix E of this Act, as an offset, authorized use of DHHS’s National Directory of New Hires for data matching to improve collection of defaulted Title IV loans. Federal Student Loan Programs Data Book I FY 1997-FY 2000 II-15 The Ticket to Work and Work Incentives Improvement Act of 1999 –P.L. 106-170; December 17, 1999 §409 of this Act established an average 3-month commercial paper rate as the financial instrument used for determining quarterly lender special allowance payments for new FFELP loans from January 1, 2000 through June 30, 2003. Did not impact borrower interest rates. The Electronic Signatures in Global and National Commerce Act – P.L. 106-229; June 30, 2000 §107 of this Act established “special” effective date with respect to the electronic signature consent requirement for Title IV loans. This effective date was the earlier of the time that ED published revised common promissory notes or that date which is one year after the Act’s enactment. The Consolidated Appropriations Act, 2001 – P.L. 106-554, which by reference enacts H.R. 5656, the Departments of Labor, Health and Human Services, Education, and Related Agencies Appropriations Act, 2001; December 21, 2000 §318 of this Act replaced the interest rate formula for certain PLUS and SLS loans which used the rates established by the auction of 52-week Treasury bills for setting new interest rates each July 1st. Interest rates for these loans are now based on a new formula which uses the weekly average of the one year constant maturity Treasury yield, as published by the Board of Governors of the Federal Reserve System, for the last calendar week ending on or before June 26th preceding the July 1st effective date for interest rate changes. §312 enacted an extension (from 7/1/02 to 7/1/04) of the exemption of Historically Black Colleges and Universities (HBCUs) from the default rate criteria contained in §435(a) of the HEA. §311 provided for HEA preemption of state law in the perfection of security interests in FFELP loans. §309 contained an amendment to the HEA to improve compensation for auditors and examiners in the Department of Treasury’s Office of Sallie Mae Oversight. §308 changed the process for appealing cohort default rate calculations so that a school that misses the appeal deadline may still retain eligibility if a clear mistake was made in the data used to calculate the rate. Other Statutes: I I I General Education Provisions Act (GEPA Freedom of Information Act (FOIA) Truth-in-Lending Act (TILA) II-16 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Appendix III Glossary Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 III-1 Glossary Academic Year: The measure of the time in which academic work is to be accomplished by a student each year as defined by the school. For instance, at a school that uses terms, the academic year must contain at least 30 weeks of instructional time in which a full-time student is expected to complete at least 24 semester or trimester hours, 36-quarter hours, or 900 clock hours. Accrued Interest: The interest on a student loan that begins to accrue (accumulate) after a student completes school. This interest is charged on the principal (dollar) amount of the loan. Administrative Cost Allowance (ACA): Monies the federal government may pay a guaranty agency as reimbursement for administrative expenses incurred in the operation of its program. Agencies apply annually and are paid quarterly for ACA. Alternative Repayment: A repayment plan the Servicing Center provides to a borrower who adequately demonstrates that the terms and conditions of the four FDLP repayment plans do not accommodate the borrower’s exceptional circumstances. Bankruptcy: Legal proceedings that relieve borrowers from their creditors. Booked Disbursements: A booked disbursement occurs when funds for a booked loan become disbursed. At this time, the booked disbursement date becomes an actual disbursement date. Booked Loan: An FDLP loan becomes booked when a promissory note, origination record, and anticipated disbursement date exists in the loan origination system. Borrower: Person responsible for repaying a loan who has signed and agreed to the terms in the promissory note. Capitalizing Interest: Adding accumulated interest to the loan principal rather than having the borrower make monthly interest payments. Capitalizing interest increases the principal amount of the loan and, therefore, the total cost of the loan. Cash Reserve Ratio: The amount of cash reserves that an agency holds divided by the original principal of outstanding loans. Cash Reserves: An agency’s cumulative sources of funds minus an agency’s cumulative uses of funds to pay. Cohort: Borrowers who enter repayment in a given fiscal year Cohort Default Rates: The rate calculated by dividing the number of borrowers who defaulted at the end of the specified time interval, by the total number of borrowers in the cohort. A cohort of student borrowers who entered repayment in the same year may be tracked over a specific time interval to determine the percentage of students who default on their loans. (A cohort default rate may also be based on the total dollar amount loaned to students. In this case, the rate would be expressed as the percentage of dollars borrowed that are defaulted.) Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 III-3 Collection Costs: Costs the government incurs when collecting a delinquent or defaulted loan. These costs are charged to the borrower. Collections: Amounts collected by guaranty agencies or the federal government from borrowers after default claims are paid to lenders. FY 1986-FY 1996 figures reported in the Data Book include collections by the Internal Revenue Service through offset of federal income tax refunds. Commitment (Direct Loans): For the FDLP, a commitment occurs when the Department receives and accepts an origination record and a signed promissory note from the borrower. Commitment (FFEL program): In the FFEL program, a commitment occurs when the guaranty agency issues a commitment to the lender for a loan. Consolidation Loans: Loans under the FDLP or FFEL in grace or repayment status are eligible for consolidation. Consolidation occurs when a borrower with multiple loans requests that all of his or her loans be consolidated into one loan. Repayment begins 60 days after discharge of prior loans; certain deferments are authorized. Interest is the greater of nine percent or weighted average of underlying loans. Constant Dollars: Dollars adjusted using a price index to eliminate inflationary factors. This adjustment facilitates direct comparison over time. Cross-Program Participation: Student participation in more than one FFEL program component. Students may borrow under both Stafford Subsidized and Stafford Unsubsidized programs, and their parents may borrow under the Parent Loan for Undergraduate Students (PLUS) program. However, a student may not receive an FDLP loan and an FFELP loan for the same period of enrollment. Default: Failure to repay a loan in accordance with the terms of the promissory note. Deferment: The temporary postponement of loan payments. Delinquency: Incidents of late or missed loan payments, as specified in the terms of the promissory note and the selected repayment plan. Dependent Student: A student that is financially dependent upon a parent or legal guardian or a student who does not meet certain criteria for being classified as independent (see Independent Student). Direct Consolidation Loan: One or more federal education loans combined into a single loan under the FDLP. Only one monthly payment is made to the U.S. Department of Education. Direct Loan Servicing Center: The place where FDLP borrowers send their loan payments. The Servicing Center can answer questions a student might have about an FDLP loan. The toll-free telephone number is 1-800-848-0979. Disbursement: When loan proceeds are paid by the school to the student or parent borrower. Discharge: The release of borrowers from their obligations to repay their FDLP loans. Borrowers must meet certain requirements to be eligible for discharges. III-4 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Disclosure Statement: Statement of the actual cost of a loan, including the interest costs and the loan fee. ECMC: Educational Credit Management Corporation is a guaranty agency, which guarantees loans for many lenders in various states. Exit Counseling: A group or individual session during which FDLP borrowers who are leaving school or dropping below half-time enrollment receive important information about their repayment obligations and update information about themselves. Expected Family Contribution (EFC): The amount that a family can be expected to contribute toward college costs. Extended Repayment Plan: A plan that requires the borrower to pay at least $50 a month and allows up to 30 years to repay, depending on the amount borrowed. Federal Direct Loan Program (FDLP): The William D. Ford Federal Direct Loan Program, also referred to as the Direct Loan Program, is a federal program that was authorized under by the Student Loan Reform Act of 1993. FDLP provides low-interest loans to students. These loans are originated by participating institutions with capital provided directly through the U.S. Department of Education, which is the sole lender. Several loan programs exist under the umbrella of FDLP. These loans are the Stafford Subsidized loan program, the Stafford Unsubsidized loan program, the Parent Loan for Undergraduate Students (PLUS), and Consolidation loans. Federal Family Education Loan (FFEL) program: The Federal Family Education Loan FFEL program is formerly known as Guaranteed Student Loans (GSL). Funds for the FFEL program are provided primarily by commercial lenders. Loans are guaranteed by individual state or private non-profit guaranty agencies and reinsured by the federal government. Several loan programs exist under the umbrella of FFEL. These loans are the Stafford Subsidized program, the Stafford Unsubsidized program, the Parent Loans for Undergraduate Students (PLUS), the Supplemental Loan for Students (SLS), and Consolidation loans. Federal Insured Student Loan Program (FISLP): The Higher Education Act of 1965 authorized the Federal Insured Student Loan Program, a program that provided loan guarantees to state and private nonprofit agencies. Changes in legislation gradually phased out this program and no new FISLP loan guarantees have been provided since July 14, 1984. FFEL: See Federal Family Education Loan Program. FDLP: See Federal Direct Loan Program. Fiscal Year (FY): The annual accounting year for the federal government begins on October 1 and ends the following September 30. The fiscal year is designated by the calendar year in which it ends. For example, the FY 1996 begins on October 1, 1995 and ends on September 30, 1996. [NOTE: Prior to FY 1976, the fiscal year began on July 1 and ended on the following June 30.] Appendices Forbearance: An arrangement to postpone or reduce a borrower’s monthly payment amount for a limited and specified period, or to extend the repayment period. The borrower is charged interest during forbearance. Foreign Borrowers: Borrowers who attend eligible foreign institutions. Federal Student Loan Programs Data Book I FY 1997-FY 2000 III-5 GA Reimbursement: Monies that guaranty agencies return to the government for collections on defaulted loans. Grace Period: A six-month period before the first payment must be made on a Stafford Subsidized or Stafford Unsubsidized loan. The grace period starts the day after a borrower ceases to be enrolled at least half time. During the grace period on a FDLP Unsubsidized loan, accumulating interest must be paid or it will be capitalized. Graduated Repayment Plan: A plan that allows monthly payment amounts to start out at one level and then increase every two years during the repayment period. Borrowers have up to 30 years to repay, depending on the amount they borrowed. The minimum payment must cover interest that accumulates monthly and must be at least half of the payment that would be required under the Standard Repayment Plan. The maximum amount may not be more than 1-1/2 times the payment that would be required under the Standard Repayment Plan. Guarantee Agency (GA): A state or private nonprofit agency that has an agreement with the Secretary to administer the Guaranteed Student Loan programs. The agency insures lenders against losses due to a borrower’s default. Also called “guarantor” or “guaranty agency.” Half-time Student: A student who is not a full-time student, who is enrolled in a school that participates in the FFEL program or the FDLP, and who is carrying an academic workload that is considered at least one-half the workload of a full-time student (as determined by the school). HEAF: Higher Education Assistance Foundation is a guaranty agency, which guarantees loans for many lenders in various states. Income Contingent Repayment Plan: A plan that allows the monthly payment amount to vary with the borrower’s income. A borrower has up to 25 years to repay. Independent Student: A student who meets one of the following criteria: the student is 24 years or older, a graduate or professional student, married, orphaned or a ward of the court, veteran of the armed services, or has documents describing circumstances of independence. In-School Period: Under the Stafford Subsidized loan program, the period during which a borrower pursues his or her studies as at least a half-time student at a participating school. This period begins with the date of disbursement and ends with the beginning of the grace period. During the in-school period, the federal government pays lenders interest benefits and special allowance on behalf of eligible borrowers. Institution Default Rates: Each institution’s cohort default rate calculated annually by the Department of Education. The cohort consists of the borrowers who enter repayment in a given fiscal year. The rate is calculated by dividing the number of borrowers who default by the end of the following fiscal year by the total number of borrowers in the cohort. Insurance Premium: The amount charged a lender by a guarantee agency for insuring the lender against losses on GSLP loans. The lender, however, may pass the cost of the insurance premium to the borrower. Interest: A loan expense charged by the lender and paid by the borrower for the use of borrowed money. The expense is calculated as a percentage of the principal amount (loan amount) borrowed. III-6 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Interest Benefits: Under the FFEL Stafford loan program, federal payments to lenders on behalf of eligible borrowers for interest which accrues during the in-school and grace periods, and during any authorized deferment periods. IRS Offset: Defaulted loans on accounts that the Department of Education has turned over to the Internal Revenue Service (IRS). This action will offset the debt against the defaulter’s income tax refund. Lender (active): An eligible lending institution which has made at least one Stafford Subsidized, Stafford Unsubsidized, PLUS, or SLS loan in a fiscal year. Lenders’ Default Claims Rate: The ratio of default claims paid since program inception to all loans that have entered repayment (matured paper) since program inception. The default rate does not reflect any collection activity subsequent to the default. Commonly referred to as the gross default rate. Loan: Money borrowed that must be repaid. Loan Advances: Non-interest bearing loans with no fixed maturity, which the federal government makes to a guaranty agency to help establish or maintain the guaranty agency’s reserves for loan guarantees. Advances were authorized in 1965, 1968, and 1976. Loan Fee: An expense of borrowing deducted proportionately from each FFEL disbursement. Loan Limits: Limits placed on student borrowers in terms of the maximum numbers of dollars they may obtain through federally funded student financial assistance programs. Loan limits vary by type of loan, academic level, program length, and whether a student is dependent or independent. Here is one example of Stafford Subsidized and Unsubsidized loan limits for FFEL and FDLP loans to independent students when program length or the enrollment period is one academic year: Independent Students Freshmen Sophomores Juniors-Seniors Graduate & Professional Stafford Subsidized loans $2,625 3,500 5,500 8,500 Stafford Subsidized and Unsubsidized $ 6,625 7,500 10,500 18,500 Loan Postponement: See deferment and forbearance. Loan Principal: The total sum of money borrowed. Loan Volume: Refers to the dollar amount or number of loans committed. Loan volume may be reported in thousands or millions of dollars. Loan Volume Commitments: The total amount of loans that lenders or guarantee agencies commit to borrowers. The principal amount actually loaned may be less than the total value of loan commitments due to cancellations. Also, consolidated loans are excluded from the totals when calculating total loan commitments. Loans in Repayment: Loans that have entered the repayment period after expiration of the grace period. Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 III-7 Mandatory Assignments: Loans assigned to the Department of Education after the guaranty agency has made the required effort to collect on defaulted loans. Matured Paper: The cumulative dollar amount of loans that have ever entered repayment. It is a measurement equal to the cumulative dollar amount of loans disbursed since the program’s inception less the dollar amount of loans in the in-school and grace periods. National Cohort Default Rate: The number of student borrowers that entered repayment in a cohort fiscal year and defaulted on these loans before the end of the next fiscal year divided by the total number of student borrowers that entered repayment in the cohort fiscal year. Net Cost of Loan Defaults: The cost of the loan default claims minus the collections that are made on the defaulted loans. Net Default Rate: The net default rate is computed by dividing the cumulative dollar amount of default claims paid to lenders, less cumulative collections by matured paper. It measures, on a cumulative basis, the dollar amount of net loss to the Department compared to the total dollar amount of loans subject to default. This definition was revised in 1985 to reflect the proper credit for collection active while providing a valid barometer of the cash loss to the Department. Operating Expenses: Expenses incurred by a guaranty agency, such as salaries, travel, computer hardware and software, equipment, rent, supplies, and contractor costs. Origination Fee: A fee charged and deducted from the proceeds of an FFEL program loan before the loan is disbursed. The origination fee offsets some of the administrative costs of loan processing. The fee must not exceed the maximum rate established by law. This fee is deducted from the interest and special allowance the federal government pays the lender. Generally, lending institutions pass this fee on to borrowers at the time the loans are made. PLUS Loan (FDLP or FFEL): Parent Loans for Undergraduate Students. Loans taken out by parents for the purpose of helping to pay for their children’s undergraduate education. Parents are responsible for all interest charges. The loan value may not exceed the full cost of the student’s education, minus any other financial aid that the student receives. Interest rates are fixed or variable, not to exceed 12 percent. Postponement (loan): See Deferment and Forbearance. Prepayment: Any amount paid on a loan by the borrower before it is required to be paid under the terms of the promissory note. There is never a penalty for prepaying principal or interest on FDLP loans. Promissory Note: A legally binding contract between a lender and a borrower. The promissory note contains the terms and conditions of the loan, including how and when the loan must be repaid. Proprietary Borrowers: Borrowers at for-profit institutions. Proprietary Institutions: Postsecondary institutions that are operated for profit. Recovery Rate: The ratio of cumulative dollars collected by the federal government or a guaranty agency on defaulted loans to cumulative dollars paid in default claims. III-8 Federal Student Loan Programs Data Book I FY 1997-FY 2000 Refinancing of PLUS/SLS: There are three refinancing options for PLUS student, SLS and PLUS parent borrowers: (1) refinancing to secure combined payment; (2) refinancing to secure a variable interest rate; (3) refinancing by discharge of previous loan. Rehabilitation Loans: When 12 consecutive payments have been made on a formerly defaulted loan, it can become a rehabilitation loan. Once a loan becomes rehabilitated, it becomes a new loan. A borrower again becomes eligible for participation in Title IV programs. Reinsurance Fees: Guarantee agencies must pay to the Department a fee of 0.25 percent of the total principal amount of loans guaranteed by the agency during the fiscal year, beginning FY 1987. The fee is 0.5 percent for any year in which the agency hits the five- percent reinsurance “trigger.” The fee applies to all Stafford, PLUS and SLS loans (except refinanced loans). Reinsurance Payments (Reinsurance Default Claims): Monies the federal government gives a guarantee agency as reimbursement for payments made to lenders for losses due to borrower default. Repayment Period: The period, which a borrower is responsible for repaying his or her loan. In the case of Stafford loans, this period begins on the day after the last day of the grace period. In the case of PLUS and SLS loans, this period begins on the day the loan is disbursed. The maximum repayment period is ten years, not including any authorized deferment or forbearance periods. Repayment Schedule: A statement provided by the Direct Loan Servicing Center to the borrower that lists the amount borrowed, the amount of monthly payments, and the date payments are due. Sallie Mae: A federally chartered, stockholder-owned corporation which provides liquidity to lenders by purchasing and/or warehousing student loans. Sallie Mae, with over $15 billion in outstanding loans, is currently the largest holder of FFEL program loans. Sallie Mae is also referred to as the Student Loan Marketing Association (SLMA). Secondary Market: An institution or organization that purchases eligible student loans and provides lenders with a source of liquidity to make new loans. Congress established Sallie Mae as a national secondary market. In addition, other secondary markets operate in a number of States at either the state or regional level. Special Allowance: A quarterly supplemental interest payment to lenders based on the outstanding principal balance of Stafford, PLUS, SLS and Consolidation loans. This payment assures that, as a complement to the borrower’s interest rate, the lenders receive an equitable yield on their loans. Stafford Subsidized Loan (FDLP and FFEL): A federally subsidized student loan made on the basis of the student’s financial need and other specific eligibility requirements. Stafford Subsidized loans have subsidized interest, which means that the federal government does not charge interest on these loans while borrowers are enrolled at least halftime, during the six-month grace period following graduation, or during authorized periods of deferment. Stafford Subsidized loans are available to undergraduate and graduate students while the student is in school. The borrower begins to repay the principal and interest after leaving school. Following a 1992 amendment to the Higher Education Act, an unsubsidized component was added to the Stafford Loan Program. Appendices Federal Student Loan Programs Data Book I FY 1997-FY 2000 III-9 Stafford Unsubsidized Loan (FDLP and FFEL): As part of the Higher Education Amendments of 1992, this unsubsidized component was added to the Stafford loan program. These loans are made to borrowers meeting specific eligibility requirements. Interest is charged throughout the life of the loan. The borrower may choose to pay the interest charged on the loan or allow the interest to be capitalized (added to the loan principal). Standard Repayment Plan: A plan that requires a borrower to pay at least $50 a month and allows up to 10 years to repay. Supplemental Loans for Students (SLS): Prior to July 1, 1994, Supplemental Loan for Students (SLS) loans were available for independent students who were not qualified for sufficient financial aid under the FFEL Stafford loan program. Graduate and professional students, independent students and, in some cases, dependent undergraduate students could participate in this loan program. Repayment began within 60 days after disbursement was not subject to deferral. There was no federal interest subsidy. Interest rates were fixed or variable and could not exceed 12 percent. Trigger Rate: The ratio of reinsurance claims paid to a guarantee agency during any fiscal year to the agency’s total amount of loans in repayment at the end of the preceding fiscal year. If this ratio equals 5 percent, an agency is reimbursed for 90 percent of its losses. If the ratio equals 9 percent, the agency is reimbursed for 80 percent of its losses. USAF: United Student Aid Funds is a guaranty agency, which is the designated guarantor for several states. Variable Interest: Rate of interest on a loan that is tied to a stated index and changes annually every July 1 as the index changes. Warehousing Advances: Advances provided to lenders to invest in additional student loans. This enables the lenders to finance their new and outstanding student loan portfolios without depleting their funds. NOTE: Sources for glossary terms and definitions include: U.S. Department of Education. (1997). FY94-FY96 Federal Student Loan Programs Data Book. Washington, DC: Author. U.S. Department of Education. (1996). Guide to U.S. Department of Education Programs. Washington, DC: Author. Federal Register, Vol. 59, No. 230 (1994). III-10 Federal Student Loan Programs Data Book I FY 1997-FY 2000