Federal Student Loan Programs Data Book - FY 1997-FY 2000
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Part III Dollars Outstanding and Guaranty Agency Characteristics | CONTENTS < BACK NEXT > |
Table 44.
Federal Family Education Loan (FFEL) program estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1990-FY 2000
This table shows the amount of dollars outstanding for each of the five FFEL programs and the combined FFEL program totals for FY 1990-FY 2000. The table includes figures representing the total volume of dollars in school, in repayment, and outstanding.
Between FY 1990 and FY 2000, the total volume of FFEL program dollars outstanding increased each year, from $54.1 billion in FY 1990 to $146.6 billion in FY 2000, a 170.8 percent increase. From FY 1993 to FY 1999, total dollars outstanding increased by approximately $10.6 billion per year. From FY 1999 to
FY 2000 total dollars outstanding increased by $14.0 billion.
The Stafford Subsidized, Stafford Unsubsidized, and PLUS programs each displayed a similar pattern in that the total volume of dollars outstanding increased each year. However, within the Stafford Subsidized program, dollars outstanding increased at a slower rate from $45.4 billion in FY 1990 to $69.7 billion in FY 2000, an increase of 53.5 percent. In contrast, the dollars outstanding in the Stafford Unsubsidized program increased from $1.7 billion to $37.1 billion between FY 1994 and FY 2000, an increase of 2,035.6 percent. The dollars outstanding in the PLUS program increased 314.7 percent from $2.0 billion in FY 1990 to $8.4 billion in FY 2000.
Like the other programs, dollars outstanding for Consolidation loans increased overtime from $2.2 billion in FY 1990 to $28.4 billion, an increase of 1,186.8 percent.
The Stafford Subsidized program had the largest proportion of FFEL program dollars outstanding from FY 1990-FY 2000. In FY 1990, Stafford Subsidized dollars outstanding represented 83.9 percent of total FFEL program dollars outstanding. However, by FY 2000, this proportion had decreased to 47.6 percent.4
The proportion of the Stafford Unsubsidized dollars outstanding to total FFEL program dollars outstanding increased annually, rising from 2.2 percent in FY 1994 to 17.4 percent in FY 1997, and finally, to 25.3 percent in FY 2000.4
The proportion of PLUS dollars outstanding to total FFEL dollars outstanding remained relatively steady from FY 1992 through FY 2000, during which the proportion fluctuated between 5.3 percent and 5.8 percent.4
The proportion of Consolidation dollars outstanding to total FFEL program dollars outstanding increased annually, rising from 9.0 percent in FY 1994 to 15.6 percent in FY 1997, and finally, to 19.3 percent in FY 2000.4
The proportion of the total number of FFEL program dollars in school to the total number of FFEL program dollars outstanding fluctuated between 32.2 and 35.2 between FY 1990 and FY 1994. In FY 1995, this proportion peaked at 38.5 percent. Beginning in FY 1996 the proportion of the total number of dollars in school to the total number of dollars outstanding decreased annually and stood at 30.1 percent in FY 2000.5
The annual Stafford Subsidized dollars in school as a percentage of total Stafford Subsidized dollars outstanding peaked at 46.0 percent in FY 1995 and deceased annually. In FY 2000, this proportion stood at 37.3 percent.6
The annual Stafford Unsubsidized dollars in school as a percentage of total Stafford Unsubsidized dollars outstanding was 93.9 percent in FY 1994, the first year of the program. As the years passed and borrowers left school, the proportion fell. In FY 2000 the annual dollars in school as a percentage of total dollars outstanding was 48.9 percent.6
4 Percents were calculated as the amount of dollars outstanding in a given program divided by the amount of FFEL dollars outstanding.
5 Percents were calculated as the amount of FFEL dollars in school divided by the amount of FFEL dollars outstanding.
6 Percents were calculated as the amount of dollars in school in a given program divided by the amount of dollars outstanding in the same program.
To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table44.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 44. - Federal Family Education Loan (FFEL) program estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1990-FY 2000 |
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(in 000,000's) |
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|
FY90 |
FY91 |
FY92 |
FY93 |
FY94 |
FY95 |
FY96 |
FY97 |
FY98 |
FY99 |
FY00 |
---|---|---|---|---|---|---|---|---|---|---|---|
Stafford Subsidized/FISLP |
|||||||||||
Dollars in school |
$19,041 |
$18,500 |
$20,134 |
$22,200 |
$25,559 |
$27,916 |
$26,993 |
$26,521 |
$26,051 |
$26,030 |
$26,014 |
Dollars in repayment |
26,388 |
28,479 |
28,495 |
29,743 |
32,038 |
32,753 |
35,093 |
37,401 |
39,901 |
41,563 |
43,709 |
Dollars outstanding |
45,429 |
46,979 |
48,629 |
51,943 |
57,597 |
60,669 |
62,086 |
63,922 |
65,952 |
67,593 |
69,723 |
Stafford Unsubsidized1 |
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Dollars in school |
- |
- |
- |
- |
$1,631 |
$7,898 |
$10,594 |
$12,876 |
$14,615 |
$16,309 |
$18,165 |
Dollars in repayment |
- |
- |
- |
- |
106 |
1,011 |
3,423 |
6,681 |
10,714 |
14,582 |
18,931 |
Dollars outstanding |
- |
- |
- |
- |
1,737 |
8,909 |
14,017 |
19,557 |
25,329 |
30,891 |
37,096 |
PLUS |
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Dollars in repayment |
$2,037 |
$2,607 |
$3,269 |
$3,968 |
$4,434 |
$5,111 |
$5,632 |
$6,261 |
$6,974 |
$7,595 |
$8,447 |
Dollars outstanding |
2,037 |
2,607 |
3,269 |
3,968 |
4,434 |
5,111 |
5,632 |
6,261 |
6,974 |
7,595 |
8,447 |
SLS2 |
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Dollars in repayment |
$4,457 |
$4,684 |
$5,618 |
$7,141 |
$9,026 |
$7,400 |
$6,155 |
$5,149 |
$4,405 |
$3,564 |
$2,970 |
Dollars outstanding |
4,457 |
4,684 |
5,618 |
7,141 |
9,026 |
7,400 |
6,155 |
5,149 |
4,405 |
3,564 |
2,970 |
Consolidation |
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Dollars in repayment |
$2,203 |
$3,227 |
$4,484 |
$5,948 |
$7,178 |
$10,832 |
$14,546 |
$17,489 |
$19,700 |
$22,907 |
$28,348 |
Dollars outstanding |
2,203 |
3,227 |
4,484 |
5,948 |
7,178 |
10,832 |
14,546 |
17,489 |
19,700 |
22,907 |
28,348 |
FFEL program total |
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Dollars in school |
$19,041 |
$18,500 |
$20,134 |
$22,200 |
$27,190 |
$35,814 |
$37,587 |
$39,397 |
$40,666 |
$42,339 |
$44,179 |
Dollars in repayment |
35,085 |
38,997 |
41,866 |
46,800 |
52,782 |
57,107 |
64,849 |
72,981 |
81,694 |
90,211 |
102,405 |
Dollars outstanding |
54,126 |
57,497 |
62,000 |
69,000 |
79,972 |
92,921 |
102,436 |
112,378 |
122,360 |
132,550 |
146,584 |
- Not applicable. NOTES: Dollars in default are not included in the dollars outstanding. The "Dollars in School" category does not apply to PLUS, SLS, and Consolidation loans. This is because PLUS and SLS loans go into repayment on the date the loan is disbursed by the lender, and Consolidation occurs only after a borrower starts the repayment process. Details may not add to totals due to rounding. Calculations are based on numbers prior to rounding. Data for earlier years appear in table A-44 in appendix I. |
Part III Dollars Outstanding and Guaranty Agency Characteristics | CONTENTS < BACK NEXT > |
Federal Student Loan Programs Data Book - FY 1997-FY 2000 |