Federal Student Loan Programs Data Book FY94-FY96 / Table 3: Federal Direct Loan Program (FDLP) portfolio status as of September 30th: FY94-FY96 (cumulative)6
Federal Student Loan Programs Data Book FY94-FY96
Table 3. Federal Direct Loan Program (FDLP) portfolio status as of September 30th: FY94-FY96 (cumulative)
This table shows the portfolio of the FDLP as it stood at the end of each fiscal year. It provides a cumulative 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 outstanding portfolio by loan status. Finally, the proportion of loans transferred to the Debt Collection System is shown.
FDLP started in FY94 on a strictly limited basis. In FY95, booked disbursements for the program totaled $2.7 billion but by FY96, booked disbursements increased by more than 3 times to $11.7 billion.
- During its first 3 years of operation (FY94-FY96), the FDLP wrote off approximately $4 million for Death, Disability, and Bankruptcy (DD&B), and collected principal of $241 million.
- In the first three years of operation, FY94-FY96, only two one-hundredths of one percent of the cumulative FDLP loans went into default and were consequently transferred to debt collection.
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.
Table 3. Federal Direct Loan Program (FDLP) portfolio status as of September 30th: FY94-96