Federal Student Loan Programs Data Book FY94-FY96 / Table 17. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY94-FY96

Federal Student Loan Programs Data Book FY94-FY96

Table 17. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY94-FY96

This table shows an accounting of PLUS loan volume commitments for each guaranty agency for FY94-FY96. The number of loans, dollar amount, percent change from prior year, percent share of total PLUS loans guaranteed, rankings of all guaranty agencies, and rank differences from year to year are tabulated for each agency. The PLUS loan program was initiated in FY81. (Summary information for this table is discussed in table 4 .)

Between FY94 and FY96, there was a 3.1 percent decrease in PLUS loan volume commitments. Most of this decrease occurred between FY94 and FY95 when the guaranty agencies reported a 2.8 percent decrease in PLUS loan volume commitments.
USAF, the guaranty agency with the largest number of loan commitments, guaranteed an increasing share of the total number of PLUS dollars between FY94 and FY96 (25.4, 26.3, and 29.2 percent, respectively).
In contrast, Wisconsin, the guaranty agency with the second largest amount of loan dollars, guaranteed a decreasing share of PLUS loans between FY94 and FY96 (12.0, 11.3, and 10.1 percent, respectively).
The five guaranty agencies with the highest volume (USAF, Wisconsin, Pennsylvania, New York, and California) guaranteed more than one-half of the total number of PLUS loans in FY94-FY96. During these 3 years, the share these five agencies guaranteed of the total PLUS loan dollars was 56.1, 60.1, and 62.5 percent, respectively.
From FY94-FY95, PLUS loan volume commitments for Alabama, Indiana, and Maryland decreased by over 65 percent, and by FY96, these agencies ceased functioning. In the same period, Connecticut and Pennsylvania increased their commitments from the prior year by over 50 percent, and both reported overall increases in their commitments in FY96.
Between FY94 and FY96, Delaware and Ohio decreased their PLUS loan volume commitments by 86.9 and 79.0 percent, respectively. Commitments for both states were over 60 percent between FY95 and FY96.

Table 17. Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY94-FY96

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Table 16

Table 18