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Tables 26-29. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by state: FY94-FY96

These tables show summaries of loan volume for Stafford Subsidized, Stafford Unsubsidized, and PLUS loans for 50 states, the District of Columbia, and three U.S. territories. The percent change and percent share of total, rank, rank comparison, and rank differences for each are shown. (A summary of FDLP loan volume is presented in table 5.) When comparing FDLP and FFEL program commitments, use the data in tables 21-25 that report commitments by state.

• In contrast to the FFEL program, few states in the FDLP held a disproportionately high share of loan commitments. In FY94, the largest share of FDLP dollar volume was held by Colorado (11.1 percent). In FY95 and FY96, California held 7.5 and 9.5 percent of FDLP loan dollars, respectively.
• Between FY94 and FY96, states/districts in the FDLP fluctuated considerably in the level of their loan commitment activity. This is not surprising, since FY94 was the first year this program was in operation and activity for most states started at a lower level. For example, Wisconsin moved up from ranking 41st to 22nd during this period. Wisconsin committed less than 0.05 percent of the FDLP total dollar volume in FY94, but increased to 1.6 percent in FY96.

• As a result of high fluctuations in the distribution of loan volume commitments, only three states (Michigan, New York, and Illinois) maintained their positions as one of the five states with the highest volume in the FDLP in FY94-FY96. Colorado and New Jersey were the states with the highest volume in FY94, but dropped to a rank lower than seventh in FY95 and FY96. While California and Ohio joined the top five states in FY95 and FY96, these states rose from below the ninth rank in FY94.

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 26. Federal Direct Loan Program (FDLP) loan volume commitments for Stafford Subsidized loans, by state: FY94-FY96

Graph 29b. Federal Direct Loan Program (FDLP) loan volume commitments, by loan program: FY94-FY96 (Dollar amount)

Table 21-25

Table 30