FY 2000 Budget Summary - February 1999

Appendix Table 2l

FY2000 Budget Request:
Federal Family Education Loans,
Federal Direct Student Loan Program

(in thousands of dollars)

Office, Account, Program and Activity

Category
Code
1998
Appropriation
  1999
Appropriation
  2000
President's
Budget
  Change from 1999
Amount Percent
Federal Family Education Loans (Liquidating)
1. Family education loans (HEA IV-B) (permanent authority) M 550,973   (411,421)   (59,069)   352,352 -85.6%
  Total, FFEL (Liquidating) (permanent authority)   550,973   (411,421)   (59,069)   352,352 -85.6%
  Outlays   (117,527)   213,055   (20,817)   (233,872) -109.8%
 
Federal Family Education Loan Program Account
1. New loan subsidies (HEA IV-B) (permanent authority) M 2,054,449   3,525,312   2,168,540   (1,356,772) -38.5%
2. Reestimate of existing loans M 0   (153,134)   0   153,134 -100%
  Subtotal   2,054,449   3,372,178   2,168,540   (1,203,638) -4.4%
3. Federal administration (FCRA section 505(e)) D 46,482   47,276   48,000   724 1.5%
  Total, FFEL Program   2,100,931   3,419,454   2,216,540   (1,202,914) -35.2%
  Outlays, Total   2,389,532   2,853,409   1,917,726   (935,683) -32.8%
  Outlays, discretionary   37,811   47,108   51,170   4,062 8.6%
  Outlays, mandatory   2,351,721   2,806,301   1,866,556   (939,745) -33.5%
  Total, FFEL   2,651,904   3,008,033   2,157,471   (850,562) -28.3%
  Total, discretionary D 46,482   47,276   48,000   724 1.5%
  Total, mandatory M 2,605,422   2,960,757   2,109,471   (851,286) -28.8%
 
Federal Direct Student Loan Program Account
1. New loan subsidies (HEA IV-D section 451) (permanent authority) M 217,551   167,879   (745,325)   (913,204) -544.0%
2. Reestimate of existing loans M 172,693   (360,880)   0   360,880 -100.0%
  Subtotal   390,244   (193,001)   (745,325)   (552,324) 286.2%
3. Federal administration (HEA IV-D section 458):                  
  (a) Federal administration (permanent authority) M 507,000   617,531 1 735,000   117,469 19.0%
  (b) Payments for services to guaranty agencies (non-add) M 170,000   177,000   180,000   3,000 1.7%
  (c) Transfer from HEAF account (HEA section 422(h)) M 25,000   0   0   0 ---
  Subtotal   532,000   617,531   735,000   117,469 19.0%
  Total   922,244   424,530   (10,325)   (434,855) -102.4%
  Outlays, Total   901,489   438,778   (41,869)   (480,647) -109.5%
  Outlays, Federal admin.--mandatory   457,393   559,524   679,347   119,823 21.4%
  Outlays, loan subsidies--mandatory   444,096   (120,746)   (721,216)   (600,470) 497.3%
 
1 Includes funds transferred in fiscal year 1999 from the Y2K Contingent Emergency Fund for expenses related to Year 2000 conversion of Federal information systems: $794 thousand to the Federal Family Education Loan Program account and $531 thousand to the Federal Direct Student Loan Program account.

Direct any questions to Martha Jacobs, Budget Service


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[Appendix Table 2k - Office of Postsecondary Education] [Table of Contents] [Appendix Table 2m - Higher Education]