Federal Student Loan Programs Data Book

Federal Student Loan Programs Data Book - FY 1997-FY 2000
Part II FFEL Program and FDLP Loan Volume Commitments	CONTENTS < BACK NEXT >

Table 21.
Federal Family Education Loan (FFEL) program loan volume commitments for Consolidation loans, by guaranty agency: FY 1997-FY 2000

This table shows Consolidation loan volume commitment totals for each guaranty agency for FY 1997-FY 2000. The number of loans, dollar amount, percent change from prior year, percent share of total Consolidation loans guaranteed, and rankings of all guaranty agencies are tabulated for each agency.

Between FY 1997 and FY 2000, consolidation loan dollar commitments increased 50.1 percent from $4.0 billion to $6.0 billion. After a 16.2 percent decrease in dollar volume from FY 1997 to FY 1998, Consolidation loan commitments increased considerably by 49.3 percent from FY 1998 to FY 1999. Consolidation loan volume increased another 20 percent between FY 1999 and FY 2000 to a high of $6.0 billion.

USAF, the guaranty agency with the largest number of Consolidation loan commitments, guaranteed 25.1 percent of Consolidation loan dollars in FY 1997. In FY 1998-FY 2000, USAF guaranteed 29.2, 28.5, and 35.3 percent of the total for Consolidation loans, respectively.

From FY 1997 to FY 2000, several guaranty agencies experienced dramatic growth in their Consolidation loan dollar commitments. Ten guaranty agencies experienced an increase in this volume of more than 100 percent. These were Arkansas (144.0 percent), Educational Credit Management Corporation (ECMC) (1,254.1 percent), Louisiana (155.9 percent), Maine (109.9 percent), Montana (151.6 percent), New Hampshire (103.7 percent), New York (121.7 percent), South Carolina (224.6 percent), USAF (111.2 percent), and Vermont (496.4 percent).

NOTES: Consolidation loans are not reported as commitments in the same manner as are other FFEL program loan types. They are not included in table 20 that summarizes the loan volume commitments for the FFEL program. Consolidation occurs when a borrower with multiple loans requests that all of his or her loans be consolidated into one loan. This is advantageous to the borrower because he or she can now make one payment to a single lender.

To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/tables17to21.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.

Guaranty agency¹	FY97 Loans	FY97 Dollars ($ 000's)	FY98 Loans	FY98 Dollars ($ 000's)	FY99 Loans	FY99 Dollars ($ 000's)	FY00 Loans	FY00 Dollars ($ 000's)	Percent change FY99-FY00		Percent change FY97-FY00		Percent share of total
Table 21. - Federal Family Education Loan (FFEL) program loan volume commitments for Consolidation loans, by guaranty agency: FY 1997-FY 2000
Guaranty agency¹	FY97 Loans	FY97 Dollars ($ 000's)	FY98 Loans	FY98 Dollars ($ 000's)	FY99 Loans	FY99 Dollars ($ 000's)	FY00 Loans	FY00 Dollars ($ 000's)	Loans	Dollars	Loans	Dollars	FY97	FY 98	FY99	FY00	FY97	FY 98	FY99	FY00
Arkansas	858	$15,558	835	$14,092	1,430	$27,074	1,828	$37,968	27.8	40.2	113.1	144.0	0.4	0.4	0.5	0.6	0.4	0.4	0.5	0.6
California	13,740	260,882	11,405	200,975	13,561	292,444	18,212	480,773	34.3	64.4	32.5	84.3	6.7	5.7	4.8	5.9	6.5	6.0	5.8	8.0
Colorado	3,864	67,573	2,806	56,019	4,152	87,675	2,883	64,840	-30.6	-26.0	-25.4	-4.0	1.9	1.4	1.5	0.9	1.7	1.7	1.8	1.1
ECMC	730	5,912	571	3,256	4,175	43,201	8,305	80,050	98.9	85.3	1,037.7	1,254.1	0.4	0.3	1.5	2.7	0.1	0.1	0.9	1.3
Florida	1,289	25,081	2,541	42,649	3,065	47,343	2,555	46,265	-16.6	-2.3	98.2	84.5	0.6	1.3	1.1	0.8	0.6	1.3	0.9	0.8
Georgia	122	2,011	216	2,827	272	3,981	152	2,081	-44.1	-47.7	25	3	0	0.1	0.1	0.0	0	0.1	0.1	0.0
Illinois	6,582	130,546	3,039	59,535	3,296	85,865	3,291	91,503	-0.2	6.6	-50.0	-29.9	3.2	1.5	1.2	1.1	3.3	1.8	1.7	1.5
Iowa	2,706	55,608	1,301	34,255	1,803	54,620	2,912	79,533	61.5	45.6	7.6	43.0	1.3	0.7	0.6	0.9	1.4	1.0	1.1	1.3
Kentucky	2,828	50,765	2,862	42,656	4,499	60,447	4,415	61,104	-1.9	1.1	56.1	20.4	1.4	1.4	1.6	1.4	1.3	1.3	1.2	1.0
Louisiana	483	9,301	908	13,852	1,610	22,920	962	23,798	-40.2	3.8	99.2	155.9	0.2	0.5	0.6	0.3	0.2	0.4	0.5	0.4
Maine	500	8,342	548	10,179	780	18,730	707	17,511	-9.4	-6.5	41.4	109.9	0.2	0.3	0.3	0.2	0.2	0.3	0.4	0.3
Massachusetts	6,616	158,333	3,398	112,011	1,634	60,746	2,337	76,521	43.0	26.0	-64.7	-51.7	3.2	1.7	0.6	0.8	4.0	3.3	1.2	1.3
Michigan		49,706	1,264	29,799	2,276	60,794	2,778	63,811	22.1	5.0	-	28.4	0.0	0.6	0.8	0.9	1.2	0.9	1.2	1.1
Missouri	1,968	37,166	554	4,268	490	3,312	483	2,819	-1.4	-14.9	-75.5	-92.4	1.0	0.3	0.2	0.2	0.9	0.1	0.1	0.0
Montana	658	14,167	1,930	27,978	1,968	29,296	2,141	35,642	8.8	21.7	225.4	151.6	0.3	1.0	0.7	0.7	0.4	0.8	0.6	0.6
Nebraska	5,763	96,534	6,525	93,703	7,190	98,528	5,629	75,110	-21.7	-23.8	-2.3	-22.2	2.8	3.3	2.6	1.8	2.4	2.8	2.0	1.3
New Hampshire	1,053	21,803	681	15,613	1,065	27,252	1,579	44,416	48.3	63.0	50.0	103.7	0.5	0.3	0.4	0.5	0.5	0.5	0.5	0.7
New Jersey	10,018	83,039	1,300	27,898	1,753	52,794	2,223	67,871	26.8	28.6	-77.8	-18.3	4.9	0.7	0.6	0.7	2.1	0.8	1.1	1.1
New Mexico	378	7,454	426	10,700	360	9,927	422	12,177	17.2	22.7	11.6	63.4	0.2	0.2	0.1	0.1	0.2	0.3	0.2	0.2
New York	9,408	225,313	20,655	270,946	23,291	404,237	19,234	499,467	-17.4	23.6	104.4	121.7	4.6	10.4	8.3	6.2	5.6	8.1	8.1	8.3
North Carolina	-	-	13	191	2,038	29,444	1,830	27,888	-10.2	-5.3	-	-	-	0.0	0.7	0.6	-	0.0	0.6	0.5
North Dakota	486	10,464	762	10,685	1,107	16,519	1,327	18,433	19.9	11.6	173.0	76.2	0.2	0.4	0.4	0.4	0.3	0.3	0.3	0.3
Oklahoma	2,007	36,249	1,525	27,890	2,425	52,605	3,555	64,869	46.6	23.3	77.1	79.0	1.0	0.8	0.9	1.2	0.9	0.8	1.1	1.1
Oregon	853	17,973	211	5,453	812	21,502	709	17,904	-12.7	-16.7	-16.9	-0.4	0.4	0.1	0.3	0.2	0.4	0.2	0.4	0.3
Pennsylvania	21,101	485,787	34,765	611,254	49,642	810,470	55,309	938,333	11.4	15.8	162.1	93.2	10.3	17.5	17.7	17.9	12.2	18.2	16.2	15.6
Rhode Island	985	18,821	814	15,723	825	18,190	574	15,504	-30.4	-14.8	-41.7	-17.6	0.5	0.4	0.3	0.2	0.5	0.5	0.4	0.3
South Carolina	513	12,320	1,273	20,476	2,824	44,873	2,294	39,988	-18.8	-10.9	347.2	224.6	0.3	0.6	1.0	0.7	0.3	0.6	0.9	0.7
South Dakota	748	14,592	547	11,476	676	15,614	903	24,117	33.6	54.5	20.7	65.3	0.4	0.3	0.2	0.3	0.4	0.3	0.3	0.4
Tennessee	2,154	43,899	3,370	50,817	4,235	64,600	4,806	77,039	13.5	19.3	123.1	75.5	1.1	1.7	1.5	1.6	1.1	1.5	1.3	1.3
Texas	27,748	538,990	14,128	237,926	30,205	487,563	20,557	314,350	-31.9	-35.5	-25.9	-41.7	13.6	7.1	10.8	6.7	13.5	7.1	9.7	5.2
USAF	57,399	1,002,584	62,488	977,068	79,555	1,423,892	111,274	2,117,091	39.9	48.7	93.9	111.2	28.2	31.4	28.4	36.1	25.1	29.2	28.5	35.3
Utah	1,362	27,476	2,074	31,869	3,735	55,293	2,577	41,324	-31.0	-25.3	89.2	50.4	0.7	1.0	1.3	0.8	0.7	1.0	1.1	0.7
Vermont	480	12,421	2,365	56,502	4,782	114,870	2,581	74,077	-46.0	-35.5	437.7	496.4	0.2	1.2	1.7	0.8	0.3	1.7	2.3	1.2
Washington	2,788	52,040	1,946	29,919	2,753	65,605	2,494	69,427	-9.4	5.8	-10.5	33.4	1.4	1.0	1.0	0.8	1.3	0.9	1.3	1.2
Wisconsin	15,710	398,893	9,118	189,183	15,580	291,780	14,704	296,428	-5.6	1.6	-6.4	-25.7	7.7	4.6	5.6	4.8	10.0	5.6	5.8	4.9
Total	203,898	$3,997,603	199,164	$3,349,643	279,864	$5,004,005	308,542	$6,000,032	10.2	19.9	51.3	50.1	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0

Rank	FY97	FY98	FY99	FY00
Table 21. - Federal Family Education Loan (FFEL) program loan volume commitments for Consolidation loans, by guaranty agency: FY 1997-FY 2000 (continued)
Ranking in FY97-FY00
1	USAF	USAF	USAF	USAF
2	Texas	Pennsylvania	Pennsylvania	Pennsylvania
3	Pennsylvania	New York	Texas	New York
4	Wisconsin	Texas	New York	California
5	California	California	California	Texas
6	New York	Wisconsin	Wisconsin	Wisconsin
7	Massachusetts	Massachusetts	Vermont	Illinois
8	Illinois	Nebraska	Nebraska	ECMC
9	Nebraska	Illinois	Colorado	Iowa
10	New Jersey	Vermont	Illinois	Tennessee
11	Colorado	Colorado	Washington	Massachusetts
12	Iowa	Tennessee	Tennessee	Nebraska
13	Washington	Kentucky	Michigan	Vermont
14	Kentucky	Florida	Massachusetts	Washington
15	Michigan	Iowa	Kentucky	New Jersey
16	Tennessee	Utah	Utah	Oklahoma
17	Missouri	Washington	Iowa	Colorado
18	Oklahoma	Michigan	New Jersey	Michigan
19	Utah	Montana	Oklahoma	Kentucky
20	Florida	New Jersey	Florida	Florida
21	New Hampshire	Oklahoma	South Carolina	New Hampshire
22	Rhode Island	South Carolina	ECMC	Utah
23	Oregon	Rhode Island	North Carolina	South Carolina
24	Arkansas	New Hampshire	Montana	Arkansas
25	South Dakota	Arkansas	New Hampshire	Montana
26	Montana	Louisiana	Arkansas	North Carolina
27	Vermont	South Dakota	Louisiana	South Dakota
28	South Carolina	New Mexico	Oregon	Louisiana
29	North Dakota	North Dakota	Maine	North Dakota
30	Louisiana	Maine	Rhode Island	Oregon
31	Maine	Oregon	North Dakota	Maine
32	New Mexico	Missouri	South Dakota	Rhode Island
33	ECMC	ECMC	New Mexico	New Mexico
34	Georgia	Georgia	Georgia	Missouri
35		North Carolina	Missouri	Georgia

Guaranty agency	FY97²	FY98 ²	FY99 ²	FY00²
Rank
Arkansas	24	25	26	24
California	5	5	5	4
Colorado	11	11	9	17
ECMC	33	33	22	8
Florida	20	14	20	20
Georgia	34	34	34	35
Illinois	8	9	10	7
Iowa	12	15	17	9
Kentucky	14	13	15	19
Louisiana	30	26	27	28
Maine	31	30	29	31
Massachusetts	7	7	14	11
Michigan	15	18	13	18
Missouri	17	32	35	34
Montana	26	19	24	25
Nebraska	9	8	8	12
New Hampshire	21	24	25	21
New Jersey	10	20	18	15
New Mexico	32	28	33	33
New York	6	3	4	3
North Carolina	-	35	23	26
North Dakota	29	29	31	29
Oklahoma	18	21	19	16
Oregon	23	31	28	30
Pennsylvania	3	2	2	2
Rhode Island	22	23	30	32
South Carolina	28	22	21	23
South Dakota	25	27	32	27
Tennessee	16	12	12	10
Texas	2	4	3	5
USAF	1	1	1	1
Utah	19	16	16	22
Vermont	27	10	7	13
Washington	13	17	11	14
Wisconsin	4	6	6	6
¹ From FY97 to FY00, USAF was the designated guarantor for AK, AZ, HI, IN, KS, MD, MS, NV, PI, and WY; MA was the designated guarantor for DC;WA for ID; WI for MN, OH, PR, and VI; KY for AL; PA for DE and WV; and ECMC for VA. ² The lowest rank for all four years was 36. NOTES: "Commitments" excludes Consolidation loans, PLUS, and SLS refinanced loans authorized under the Higher Education Amendments of 1986. The loan volume reported in this table includes some loans that later may be canceled. Rankings are based on dollar amounts. Details may not add to totals due to rounding. 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, National Student Loan Data System.

Part II FFEL Program and FDLP Loan Volume Commitments	CONTENTS < BACK NEXT >
Federal Student Loan Programs Data Book - FY 1997-FY 2000