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 47a.
Federal Family Education Loan (FFEL) program cumulative cash reserves and reserve ratio, by guaranty agency: As of September 30, 1997 and September 30, 1998
This table shows the cumulative cash reserves and the corresponding reserve ratio for 36 guaranty agencies for FY 1997 and FY 1998. The formulas used to calculate these numbers are also provided.
Between September 30, 1997 and September 30, 1998, the FFEL program cumulative total cash reserves increased 5.1 percent, rising from $2.1 to $2.2 billion. The reserve ratio remained at 1.5 during this period.
The United Student Aid Funds, Inc. (USAF) reported the largest cumulative cash reserves for both FY 1997 and FY 1998 ($492.3 and $526.0 million, respectively). In contrast, New Mexico reported the smallest cumulative cash reserves ($4.9 million each year).
North Carolina reported the largest reserve ratio for both FY 1997 (3.4) and FY 1998 (2.8). ECMC reported the smallest reserve ratio in FY 1997 (0.0) and FY 1998 (0.1).
Between FY 1997 and FY 1998, the reserve ratio decreased at 20 guaranty agencies, increased at 10 guaranty agencies, and remained the same at six guaranty agencies.
NOTES: Cumulative cash reserves are calculated by subtracting an agency's cumulative use of funds to pay for claims, operating expenses, and lender fees, among others, from that agency's cumulative sources of funds from insurance premiums, state appropriations, and federal advances, among others. Complete lists of both sources and use of funds are listed in table 47a under the "Formulas" column.
To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table47a.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 47a. - Federal Family Education Loan (FFEL) program cumulative cash reserves and reserve ratio, by guaranty agency: As of September 30, 1997 and September 30, 1998 |
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Guaranty agency |
Cumulative Cash Reserves |
Reserve Ratio |
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---|---|---|---|---|---|
As of Sept. 30, 1997 |
As of Sept. 30, 1998 |
As of Sept. 30, 1997 |
As of Sept. 30, 1998 |
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Arkansas |
$7,915 |
$7,499 |
1.0 |
0.9 |
Formulas |
California |
278,701 |
243,708 |
2.5 |
2.2 |
|
Colorado |
41,467 |
45,592 |
2.0 |
2.1 |
|
Connecticut |
19,152 |
20,271 |
1.3 |
1.3 |
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ECMC |
18,688 |
49,002 |
0.0 |
0.1 |
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Florida |
86,779 |
93,847 |
2.8 |
2.7 |
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Georgia |
15,147 |
17,332 |
1.0 |
1.1 |
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Illinois |
72,196 |
80,433 |
1.4 |
1.6 |
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Iowa |
49,641 |
47,169 |
2.6 |
2.5 |
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Kentucky |
34,924 |
30,228 |
1.8 |
1.5 |
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Louisiana |
13,336 |
12,148 |
1.3 |
1.1 |
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Maine |
13,706 |
13,348 |
1.9 |
1.6 |
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Massachusetts |
39,292 |
39,016 |
0.7 |
0.6 |
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Michigan |
59,042 |
62,617 |
2.3 |
2.4 |
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Missouri |
52,644 |
45,847 |
3.0 |
2.6 |
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Montana |
6,194 |
8,395 |
1.1 |
1.3 |
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Nebraska |
18,993 |
22,929 |
1.9 |
1.9 |
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New Hampshire |
5,092 |
7,965 |
0.6 |
0.8 |
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New Jersey |
38,661 |
35,144 |
1.4 |
1.3 |
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New Mexico |
4,891 |
4,942 |
0.9 |
0.9 |
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New York |
131,136 |
130,371 |
1.2 |
1.1 |
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North Carolina |
36,073 |
31,510 |
3.4 |
2.8 |
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North Dakota |
12,963 |
11,107 |
2.6 |
2.1 |
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Oklahoma |
14,011 |
18,126 |
0.8 |
1.0 |
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Oregon |
17,441 |
16,032 |
2.1 |
1.9 |
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Pennsylvania |
189,346 |
190,650 |
1.4 |
1.3 |
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Rhode Island |
7,579 |
6,328 |
1.0 |
0.8 |
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South Carolina |
14,804 |
17,577 |
1.3 |
1.3 |
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South Dakota |
12,813 |
12,714 |
1.8 |
1.5 |
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Tennessee |
35,960 |
36,396 |
1.9 |
1.9 |
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Texas |
117,580 |
149,529 |
1.6 |
1.8 |
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USAF |
492,266 |
526,008 |
1.5 |
1.4 |
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Utah |
23,812 |
25,040 |
2.2 |
2.1 |
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Vermont |
5,681 |
5,952 |
1.0 |
0.9 |
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Washington |
21,583 |
27,064 |
1.0 |
1.1 |
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Wisconsin |
81,625 |
105,298 |
0.7 |
0.7 |
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Total |
$2,091,135 |
$2,197,134 |
1.5 |
1.5 |
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NOTES: Details may not add to totals due to rounding. Calculations are based on numbers before rounding. |
Part III Dollars Outstanding and Guaranty Agency Characteristics | CONTENTS < BACK NEXT > |
Federal Student Loan Programs Data Book - FY 1997-FY 2000 |