Federal Student Loan Programs Data Book

Federal Student Loan Programs Data Book - FY 1997-FY 2000
Part IV FFEL Program and FDLP Defaults and Collections	CONTENTS < BACK NEXT >

Table 48.
Federal Family Education Loan (FFEL) program guaranty agency reinsurance agreement default status: FY 1997-FY 2000

This table shows the dollar amounts that each guaranty agency requested for federal reinsurance payments on default claims in FY 1997-FY 2000. It also reports the amount of requested dollars paid, the percent of requested dollars not paid, and the level of reinsurance.

The amount of requested dollars paid decreased each year from FY 1997 to FY 2000. In FY 1997 the amount of requested dollars paid stood at $3.2 billion. This figure fell to $3.1 billion in FY 1998, $2.5 billion in FY 1999, and $2.2 billion in FY 2000.

The percent of requests paid dropped just slightly from FY 1997 to FY 2000. In FY 1997 the percent of requests paid stood at 99.1 percent. In FY 2000 this figure fell to 98.6 percent.

To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table48.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 agency	$ Requested paid	$ Requested not paid	% of requests paid	Rein-surance level* (%)
Table 48. Federal Family Education Loan (FFEL) program guaranty agency reinsurance agreement default status: FY 1997-FY 2000
FY97
Arkansas	$16,685,197	$146,180	99.13	100/ 98
California	344,840,027	3,317,830	99.05	100/ 98
Colorado	42,206,324	348,116	99.18	100/ 98
Connecticut	25,894,830	260,271	99.00	100/ 98
ECMC	43,524,694	328,364	99.25	100/ 98
Florida	67,224,633	665,751	99.02	100/ 98
Georgia	34,972,718	353,980	99.00	100/ 98
Illinois	149,810,789	1,243,174	99.18	100/ 98
Iowa	33,873,239	304,719	99.11	100/ 98
Kentucky	58,316,449	447,084	99.24	100/ 98
Louisiana	23,821,536	237,392	99.01	100/ 98
Maine	10,345,037	95,548	99.08	100/ 98
Massachusetts	131,542,163	1,040,497	99.22	100/ 98
Michigan	54,468,599	560,549	98.98	100/ 98
Missouri	48,910,769	495,219	99.00	100/ 98
Montana	18,527,550	269,672	98.57	90/ 88
Nebraska	67,062,599	459,659	99.32	100/ 98
New Hampshire	11,691,824	86,081	99.27	100/ 98
New Jersey	63,269,135	707,790	98.89	100/ 98
New Mexico	9,241,708	74,699	99.20	100/ 98
New York	212,850,831	1,824,350	99.15	100/ 98
North Carolina	10,871,168	63,000	99.42	100/ 98
North Dakota	3,504,486	25,933	99.27	100/ 98
Oklahoma	48,493,562	527,401	98.92	100/ 98
Oregon	20,660,086	200,056	99.04	100/ 98
Pennsylvania	182,840,712	1,597,931	99.13	100/ 98
Rhode Island	18,542,393	233,031	98.76	100/ 98
South Carolina	5,034,300	30,603	99.40	100/ 98
South Dakota	4,691,529	60,311	98.73	100/ 98
Tennessee	44,466,521	403,128	99.10	100/ 98
Texas	242,698,378	2,294,111	99.06	100/ 98
USAF	872,782,232	9,039,988	98.97	100/ 98
Utah	18,016,019	151,080	99.17	100/ 98
Vermont	7,024,419	64,176	99.09	100/ 98
Washington	53,507,579	609,963	98.87	100/ 98
Wisconsin	228,633,093	1,740,087	99.24	100/ 98
Total	3,230,847,128	30,307,724	99.07	100/ 98

Guaranty agency	$ Requested paid	$ Requested not paid	% of requests paid	Rein-surance level* (%)
FY98
Arkansas	$14,089,630	$165,448	98.84	100/ 98
California	266,426,959	3,424,478	98.73	100/ 98
Colorado	43,451,757	489,683	98.89	100/ 98
Connecticut	19,761,699	230,955	98.84	100/ 98
ECMC	46,207,215	461,736	99.01	100/ 98
Florida	74,526,608	974,415	98.71	100/ 98
Georgia	29,422,648	354,809	98.81	100/ 98
Illinois	116,066,807	1,218,563	98.96	100/ 98
Iowa	27,291,277	303,340	98.90	100/ 98
Kentucky	52,207,828	565,118	98.93	100/ 98
Louisiana	21,440,236	282,762	98.70	100/ 98
Maine	10,082,692	129,525	98.73	100/ 98
Massachusetts	127,310,770	1,561,830	98.79	100/ 98
Michigan	48,918,197	592,933	98.80	100/ 98
Missouri	46,906,425	579,048	98.78	100/ 98
Montana	17,487,377	194,898	98.90	100/ 98
Nebraska	67,981,550	698,322	98.98	100/ 98
New Hampshire	10,431,849	135,546	98.72	100/ 98
New Jersey	70,160,788	1,004,737	98.59	100/ 98
New Mexico	12,752,921	136,532	98.94	100/ 98
New York	217,682,898	2,648,809	98.80	100/ 98
North Carolina	18,390,286	153,089	99.17	100/ 98
North Dakota	3,210,826	33,303	98.97	100/ 98
Oklahoma	39,660,857	550,689	98.63	100/ 98
Oregon	15,266,606	183,372	98.81	100/ 98
Pennsylvania	201,744,987	2,307,589	98.87	100/ 98
Rhode Island	21,407,314	326,321	98.50	100/ 98
South Carolina	6,219,719	52,971	99.16	100/ 98
South Dakota	6,109,246	88,042	98.58	100/ 98
Tennessee	43,045,410	509,729	98.83	100/ 98
Texas	231,424,005	2,998,059	98.72	100/ 98
USAF	873,892,572	11,131,462	98.74	100/ 98
Utah	21,755,865	255,059	98.84	100/ 98
Vermont	7,170,623	86,684	98.81	100/ 98
Washington	50,458,833	705,187	98.62	100/ 98
Wisconsin	215,547,749	2,351,816	98.92	100/ 98
Total	3,095,913,029	37,886,859	98.79	100/ 98

Guaranty agency	$ Requested paid	$ Requested not paid	% of requests paid	Rein-surance level* (%)
FY99
Arkansas	$12,969,302	$184,219	98.60	100/ 98
California	216,552,434	3,180,117	98.55	100/ 98
Colorado	33,864,702	474,314	98.62	100/ 98
Connecticut	16,268,662	257,336	98.44	100/ 98
ECMC	39,412,567	427,345	98.93	100/ 98
Florida	68,098,583	1,031,548	98.51	100/ 98
Georgia	26,700,790	380,921	98.59	100/ 98
Illinois	82,909,008	1,018,321	98.79	100/ 98
Iowa	24,675,998	315,773	98.74	100/ 98
Kentucky	29,406,247	367,883	98.76	100/ 98
Louisiana	22,238,062	326,102	98.55	100/ 98
Maine	7,407,565	107,440	98.57	100/ 98
Massachusetts	78,094,241	1,098,738	98.61	100/ 98
Michigan	45,310,496	592,863	98.71	100/ 98
Missouri	37,661,119	540,666	98.58	100/ 98
Montana	14,091,659	202,397	98.58	100/ 98
Nebraska	46,538,873	603,564	98.72	100/ 98
New Hampshire	4,030,177	52,945	98.70	100/ 98
New Jersey	44,002,374	648,025	98.55	100/ 98
New Mexico	10,541,138	145,409	98.64	100/ 98
New York	183,287,323	2,634,369	98.58	100/ 98
North Carolina	20,775,544	206,247	99.02	100/ 98
North Dakota	6,975,612	70,988	98.99	100/ 98
Oklahoma	36,482,718	561,512	98.48	100/ 98
Oregon	10,854,470	149,510	98.64	100/ 98
Pennsylvania	186,478,768	2,492,748	98.68	100/ 98
Rhode Island	17,487,738	301,769	98.30	100/ 98
South Carolina	8,716,424	98,144	98.89	100/ 98
South Dakota	5,424,488	89,176	98.38	100/ 98
Tennessee	38,235,848	552,066	98.58	100/ 98
Texas	177,719,633	2,526,312	98.60	100/ 98
USAF	690,889,819	9,721,376	98.61	100/ 98
Utah	8,997,931	128,058	98.60	100/ 98
Vermont	7,081,841	97,200	98.65	100/ 98
Washington	46,788,704	741,281	98.44	100/ 98
Wisconsin	187,060,456	2,343,048	98.76	100/ 98
Total	2,494,031,314	34,669,730	98.63	100/ 98

Guaranty agency	$ Requested paid	$ Requested not paid	% of requests paid	Rein-surance level* (%)
FY00
Arkansas	$13,204,202	$206,469	98.46	100/ 98
California	224,817,078	3,446,199	98.49	100/ 98
Colorado	26,120,640	411,794	98.45	100/ 98
Connecticut	14,580,970	243,937	98.35	100/ 98
ECMC	24,844,925	288,116	98.85	100/ 98
Florida	76,483,917	1,304,993	98.32	100/ 98
Georgia	23,810,729	389,551	98.39	100/ 98
Illinois	71,367,153	890,524	98.77	100/ 98
Iowa	25,765,415	360,652	98.62	100/ 98
Kentucky	25,258,555	390,445	98.48	100/ 98
Louisiana	17,508,330	271,913	98.47	100/ 98
Maine	10,401,867	159,035	98.49	100/ 98
Massachusetts	57,141,889	882,047	98.48	100/ 98
Michigan	40,674,402	561,857	98.64	100/ 98
Missouri	29,316,312	462,929	98.45	100/ 98
Montana	13,321,555	194,927	98.56	100/ 98
Nebraska	42,137,526	612,889	98.57	100/ 98
New Hampshire	4,929,755	74,729	98.51	100/ 98
New Jersey	30,251,878	511,752	98.34	100/ 98
New Mexico	15,320,018	233,741	98.50	100/ 98
New York	159,897,260	2,328,141	98.56	100/ 98
North Carolina	19,392,913	235,573	98.80	100/ 98
North Dakota	4,858,594	57,322	98.83	100/ 98
Oklahoma	33,915,359	552,922	98.40	100/ 98
Oregon	6,607,245	97,763	98.54	100/ 98
Pennsylvania	146,151,478	2,213,381	98.51	100/ 98
Rhode Island	14,345,515	244,777	98.32	100/ 98
South Carolina	7,078,181	93,462	98.70	100/ 98
South Dakota	5,286,545	92,538	98.28	100/ 98
Tennessee	33,188,485	518,031	98.46	100/ 98
Texas	153,195,631	2,294,446	98.52	100/ 98
USAF	632,967,808	9,277,240	98.56	100/ 98
Utah	8,330,614	131,061	98.45	100/ 98
Vermont	6,722,679	101,177	98.52	100/ 98
Washington	31,483,520	518,154	98.38	100/ 98
Wisconsin	138,559,105	1,390,697	99.01	100/ 98
Total	2,189,238,048	32,045,184	98.56	100/ 98
* The reinsurance level for loans that went into default prior to October 1, 1993, was 100 percent. For loans that went into default after October 1, 1993, the reinsurance level was 98 percent. NOTES: Details may not add to totals due to rounding. SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1189, guaranty agency statement of account finals

Part IV FFEL Program and FDLP Defaults and Collections	CONTENTS < BACK NEXT >
Federal Student Loan Programs Data Book - FY 1997-FY 2000