Federal Student Loan Programs Data Book - FY 1997-FY 2000 |
|
Part I FFEL Program and FDLP Summary Information | CONTENTS < BACK NEXT > |
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.
Loan volume commitments
Defaults
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.
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.
To view the parent table for the following derivative table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table1.xls.
These files are in Microsoft Excel format. If you do not have Excel, you can access the files by downloading the free Excel viewer at: http://office.microsoft.com/downloads/2000/xlviewer.aspx.
Table A. - Federal outlay component as a percent of total federal outlays: FY 1990-FY 2000 (subset of table 1) | |||||||||||
FY90 | FY91 | FY92 | FY93 | FY94 | FY95 | FY96 | FY97 | FY98 | FY99 | FY00 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Federal outlays | |||||||||||
To lenders | |||||||||||
Interest benefits |
26.80%
|
27.60%
|
36.20%
|
33.60%
|
40.40%
|
38.60%
|
42.10%
|
37.90%
|
38.20%
|
40.10%
|
34.60%
|
Special allowance |
25.2
|
15.9
|
4.1
|
2.1
|
2.8
|
10.9
|
6.1
|
3.9
|
4.3
|
3.8
|
21
|
Death and disability claims |
1
|
1
|
1.7
|
2
|
2.3
|
2.6
|
2.6
|
2.9
|
3.1
|
4.1
|
3.3
|
Bankruptcy claims |
0.2
|
0.2
|
1.7
|
5.5
|
0.5
|
0.1
|
0.7
|
1.5
|
1.7
|
2.3
|
1.3
|
FISLP default claims |
0.3
|
0.3
|
0.2
|
0.2
|
0.1
|
0.1
|
0.1
|
-
|
-
|
-
|
-
|
To guaranty agencies | |||||||||||
Administrative cost allowance |
2.4
|
1.7
|
2.6
|
3.5
|
6.1
|
3.9
|
2.6
|
2.3
|
2.7
|
1.8
|
-
|
Loan processing & issuing fee |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1.4
|
Account maintenance fee |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
3.2
|
3.1
|
Loan advances |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Reinsurance default claims |
44
|
53.1
|
53.3
|
52.7
|
46.8
|
41.8
|
43.6
|
50.2
|
49.3
|
43.1
|
33.8
|
Refund of excess reserves |
-
|
-
|
0.1
|
0.3
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Collections cost* | 0.2
|
0.2
|
0.2
|
0.2
|
1
|
2.1
|
2.2
|
1.2
|
0.8
|
1.5
|
1.5
|
Total federal program outlays | 100
|
100
|
100
|
100
|
100
|
100
|
100
|
100
|
100
|
100
|
100
|
- Not applicable. |
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.
Collections cost
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.
To view the parent table for the following derivative table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table1.xls.
These files are in Microsoft Excel format. If you do not have Excel, you can access the files by downloading the free Excel viewer at: http://office.microsoft.com/downloads/2000/xlviewer.aspx.
Table B. - Federal income sources as a percent of total federal income/receipts: FY 1990-FY 2000 (subset of table 1) | |||||||||||
FY90 | FY91 | FY92 | FY93 | FY94 | FY95 | FY96 | FY97 | FY98 | FY99 | FY00 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Federal income/receipts | |||||||||||
FISLP insurance premium | - | - | - | - | - | - | - | - | - | - | - |
FISLP collections | 4.40% | 3.50% | 2.20% | 2.60% | 1.80% | 1.50% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% |
Guaranty agency reimbursements | 32.9 | 29.5 | 30.4 | 32.3 | 18.5 | 26.2 | 27.4 | 37.7 | 42.4 | 35.8 | - |
Advances returned | 1.2 | 0.6 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Excess reserves | 2.9 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Reinsurance fees | 3.6 | 2.4 | 3.3 | 2 | 1.8 | 0.1 | 0 | 0 | 0 | 0 | 0 |
Origination and other fees | 34.1 | 35.4 | 28.6 | 30.9 | 43.8 | 34.6 | 29.9 | 27.2 | 24.8 | 21.8 | 37.7 |
IRS offset - DCS assigned loans | 1.6 | 1 | 1.5 | 2.1 | 8.4 | 7.7 | 6.6 | 8.3 | 8.2 | 11.7 | 16.4 |
IRS offset - GA | 18.6 | 26.2 | 31.5 | 25.1 | 15.2 | 10.6 | 9.7 | 9.9 | 11.3 | 14.8 | 19.3 |
Mandatory assign. coll. | 0.4 | 0.9 | 2 | 4.8 | 10.5 | 18.5 | 24.2 | 16.9 | 13.3 | 15.9 | 26.6 |
Rehabilitation loans | 0.2 | 0.5 | 0.4 | 0.2 | 0 | 0.9 | 0.5 | - | - | - | - |
Total federal income/receipts | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
- 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. |
Cash outlays over receipts
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 $1.9 billion in FY 1999.
To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table1.xls.
These files are in Microsoft Excel format. If you do not have Excel, you can access the files by downloading the free Excel viewer at: http://office.microsoft.com/downloads/2000/xlviewer.aspx.
Table 1. - Federal Family Education Loan (FFEL) program executive summary: FY 1966-FY 2000 | |||||||||||||
($ in 000,000's unless otherwise noted)
|
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
FY66-89 | FY90 | FY91 | FY92 | FY93 | FY94 | FY95 | FY96 | FY97 | FY98 | FY99 | FY00 | Cumulative | |
Loan volume commitments (excludes consolidations) | |||||||||||||
Number of loans (in 000's) | 48,156
|
4,493
|
4,818
|
5,130
|
5,647
|
6,745
|
5,869
|
5,336
|
5,681
|
5,809
|
5,859
|
6,333
|
109,875
|
Dollar amount | $101,674
|
$12,291
|
$13,500
|
$14,749
|
$17,863
|
$23,068
|
$20,951
|
$19,728
|
$21,659
|
$22,497
|
$23,324
|
$25,656
|
$316,959
|
Actual average loan (in units) | -
|
2,734
|
2,804
|
2,875
|
3,163
|
3,420
|
3,570
|
3,697
|
3,810
|
3,872
|
3,959
|
4,051
|
-
|
Defaults
|
|||||||||||||
FISLP/guaranty agency payments to lenders | $10,470
|
$2,680
|
$3,223
|
$2,655
|
$2,497
|
$2,402
|
$2,293
|
$2,662
|
$2,990
|
$2,943
|
$2,027
|
$2,102
|
$38,945
|
Federal outlays To lenders |
|||||||||||||
Interest benefits | $14,525
|
$1,512
|
$1,688
|
$2,056
|
$1,706
|
$2,082
|
$2,186
|
$2,688
|
$2,437
|
$2,397
|
$2,323
|
$2,240
|
$37,840
|
Special allowance | 12,508
|
1,425
|
972
|
231
|
107
|
145
|
615
|
390
|
249
|
268
|
222
|
1,358
|
18,490
|
Death and disability claims | 273
|
57
|
62
|
94
|
101
|
118
|
150
|
168
|
187
|
193
|
235
|
213
|
1,851
|
Bankruptcy claims | 233
|
9
|
13
|
94
|
279
|
26
|
4
|
45
|
97
|
106
|
135
|
85
|
1,126
|
FISLP default claims | 1,265
|
17
|
17
|
12
|
9
|
7
|
6
|
8
|
-
|
-
|
-
|
-
|
1,340
|
To guaranty agencies |
|||||||||||||
Administrative cost allowance | $753
|
$133
|
$105
|
$145
|
$177
|
$312
|
$221
|
$167
|
$150
|
$170
|
$102
|
-
|
$2,435
|
Loan processing & issuing fee | -
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
$93
|
93
|
Account maintenance fee | -
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
$188
|
$204
|
392
|
Loan advances | 205
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
205
|
Reinsurance default claims | 8,624
|
2,484
|
3,245
|
3,031
|
2,674
|
2,408
|
2,367
|
2,788
|
3,231
|
3,096
|
2,494
|
2,189
|
38,631
|
Refund of excess reserves | -
|
-
|
-
|
8
|
14
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
22
|
Collections cost* | $166
|
$11
|
$12
|
$12
|
$8
|
$50
|
$119
|
$138
|
$79
|
$51
|
$88
|
$97
|
$831
|
Total FFEL program outlays | 38,552
|
5,648
|
6,114
|
5,683
|
5,075
|
5,148
|
5,667
|
6,392
|
6,430
|
6,281
|
5,787
|
6,479
|
$103,256
|
Federal income/receipts | |||||||||||||
FISLP insurance premium | $42
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
$42
|
FISLP collections | 708
|
51
|
43
|
33
|
43
|
44
|
47
|
55
|
0
|
0
|
0
|
0
|
1,024
|
Guaranty agency reimbursements | 1,571
|
382
|
368
|
449
|
534
|
466
|
808
|
904
|
1,045
|
1,367
|
1,378
|
1,400
|
10,672
|
Advances returned | 141
|
14
|
7
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
165
|
Excess reserves | 138
|
34
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
173
|
Reinsurance fees | 97
|
42
|
30
|
49
|
33
|
45
|
3
|
0
|
0
|
0
|
0
|
0
|
299
|
Origination and other fees | 2,379
|
395
|
441
|
422
|
510
|
1,103
|
1,066
|
986
|
754
|
799
|
839
|
941
|
10,635
|
IRS offset -DCS assigned loans | 120
|
19
|
12
|
22
|
35
|
211
|
236
|
216
|
231
|
263
|
452
|
411
|
2,228
|
IRS offset -GA | 369
|
216
|
327
|
466
|
415
|
383
|
327
|
319
|
273
|
364
|
570
|
482
|
4,511
|
Mandatory assign. coll. | -
|
5
|
11
|
29
|
79
|
265
|
569
|
799
|
467
|
428
|
612
|
665
|
3,929
|
Rehabilitation loans | 1
|
2
|
6
|
6
|
3
|
0
|
27
|
16
|
-
|
-
|
-
|
-
|
61
|
Total federal income/receipts | 5,566
|
1,160
|
1,246
|
1,478
|
1,653
|
2,517
|
3,083
|
3,295
|
2,770
|
3,221
|
3,851
|
3,899
|
$33,739
|
Cash outlays over receipts | 32,986
|
4,488
|
4,868
|
4,205
|
3,422
|
2,631
|
2,585
|
3,097
|
3,660
|
3,060
|
1,936
|
2,580
|
$69,517
|
-Not applicable. |
Part I FFEL Program and FDLP Summary Information | CONTENTS < BACK NEXT > |
Federal Student Loan Programs Data Book - FY 1997-FY 2000 |