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Federal Student Loan Programs Data Book FY94-FY96

Table 1. Federal Family Education Loan (FFEL) program executive summary: FY66-FY96


This table provides summary information about FFEL program loan volume, defaults, expenditures, and receipts for FY66-FY96


Loan volume commitments

Defaults

Federal outlays

Federal outlays include the 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 85.7 percent of all FFEL program outlays in FY96.

Table A-Federal outlay component as a percent of total federal outlays: FY86?FY96
(Subset of table 1)

Federal outlays FY86 FY87 FY88 FY89 FY90 FY91 FY92 FY93 FY94 FY95 FY96
To lenders
Interest benefits 38.80% 45.50% 40.20% 30.10% 26.80% 27.60% 36.20% 33.60% 40.40% 38.60% 42.10%
Special allowance 22.5 14.0 18.1 28.8 25.2 15.9 4.1 2.1 2.8 10.9 6.1
Death and disability claims 0.8 1.0 1.0 0.9 1.0 1.0 1.7 2.0 2.3 2.6 2.6
Bankruptcy claims 0.9 1.0 0.3 0.1 0.2 0.2 1.7 5.5 0.5 0.1 0.7
FISLP default claims 2.0 0.9 0.5 0.4 0.3 0.3 0.2 0.2 0.1 0.1 0.1
To guaranty agencies
Administrative cost allowance 3.0 2.7 2.8 2.6 2.4 1.7 2.6 3.5 6.1 3.9 2.6
Loan advances 0.4 - - - - - - - - - -
Reinsurance default claims 31.4 34.5 36.5 36.8 44.0 53.1 53.3 52.7 46.8 41.8 43.6
Refund of excess reserves - - - - - - 0.1 0.3 - - -
Collections cost*
Collections cost 0.2 0.5 0.6 0.3 0.2 0.2 0.2 0.2 1.0 2.1 2.2
Total federal program outlays 100 100 100 100 100 100 100 100 100 100 100
- Not applicable. */ Costs from FY86-FY96 include FFEL program and FISLP as well as computer costs and commissions on contract collections. NOTE: Calculations are based on numbers before rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data.

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.

Federal outlays to guaranty agencies

Federal outlays to guaranty agencies include administrative cost allowances, loan advances, reinsurance default claims, and refunds of excess reserves.

Table B-Federal income sources as a percent of total federal income/receipts: FY86-FY96

(Subset of table 1)

FY86 FY87 FY88 FY89 FY90 FY91 FY92 FY93 FY94 FY95 FY96
Federal income/receipts
FISLP collections 10.20% 11.70% 7.80% 6.30% 4.40% 3.50% 2.20% 2.60% 1.80% 1.50% 1.70%
Guaranty agency reimbursements 28.7 33.5 29.3 31.6 32.9 29.5 30.4 32.3 18.5 26.2 27.4
Advances returned 1.3 0.9 8.4 1.4 1.2 0.6 0.1 0.1 0.0 0.0 0.0
Excess reserves - - 1.1 11.4 2.9 0.1 0.0 0.0 0.0 0.0 0.0
Reinsurance fees - - 4.7 4.6 3.6 2.4 3.3 2.0 1.8 0.1 0.0
Origination and other fees 47 40.7 35.0 30.5 34.1 35.4 28.6 30.9 43.8 34.6 29.9
IRS offset - DCS assigned loans 7.8 3.8 2.2 1.2 1.6 1.0 1.5 2.1 8.4 7.7 6.6
IRS offset - GA 5.0 9.5 11.5 13.1 18.6 26.2 31.5 25.1 15.2 10.6 9.7
Mandatory assign. coll. - - - - 0.4 0.9 2.0 4.8 10.5 18.5 24.2
Rehabilitation loans - - - 0.1 0.2 0.5 0.4 0.2 - 0.9 0.5
Total federal income/receipts 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
-Not applicable. NOTE: 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, compiled data.

Cash outlays over receipts

Table 1. Federal Family Education Loan (FFEL) program executive summary: FY66-FY96

Table A-1. Federal Family Education Loan (FFEL) program executive summary: FY66-FY96

Graph 1a. Federal Family Education Loan (FFEL) program commitments: FY86-FY96 (Number of loans)

Graph 1b. Federal Family Education Loan (FFEL) program commitments: FY86-FY96 (Dollar amount)

Graph 1c. Federal Family Education Loan (FFEL) program commitments: FY86-FY96 (Average loan)

Graph 1d. Federal Family Education Loan (FFEL) program total federal outlays and income/receipts: FY86-FY96 (Total federal outlays to lenders and to guaranty agencies)

Graph 1e. Federal Family Education Loan (FFEL) program total federal outlays and income/receipts: FY86-FY96 (Total federal income/receipts)

Graph 1f. Federal Family Education Loan (FFEL) program total federal outlays and income/receipts: FY86-FY96 (Cash outlays over receipts)

 

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