[Office of Student Financial Assistance Programs: Student Financial Assistance]
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[Office of Student Financial Assistance Programs: Federal Direct Student Loan Program]
| (in thousands of dollars) Office, Account, Program and Activity |
Category Code |
1999 Appropriation |
2000 Appropriation |
2001 President's Budget |
Change from 2000 | |||||
| Amount | Percent | |||||||||
| Federal Family Education Loans (Liquidating) | ||||||||||
| 1. Family education loans (HEA IV-B) | M | (550,000) | 1,2 | (691,237) | 2 | (599,901) | 2 | 91,336 | -13.2% | |
| Outlays | (1,163,000) | (706,100) | (615,772) | 90,328 | -12.8% | |||||
| Funds returned to Treasury (non-add) | (1,163,000) | (706,100) | (615,772) | 90,328 | -12.8% | |||||
| Federal Family Education Loan Program Account | ||||||||||
| 1. New loan subsidies (HEA IV-B) | M | 3,485,386 | 3,731,216 | 2,760,302 | (970,914) | -26.0% | ||||
| 2. Reestimate of existing loans | M | (153,134) | 776,001 | 0 | (776,001) | -100.0% | ||||
| Subtotal, loan subsidies | 3,332,252 | 4,507,217 | 2,760,302 | (1,746,915) | -38.8% | |||||
| 3. Federal administration (FCRA section 505(e)) | D | 47,276 | 3 | 48,000 | 48,000 | 0 | 0.0% | |||
| Total, FFEL Program | 3,379,528 | 4,555,217 | 2,808,302 | (1,746,915) | -38.3% | |||||
| Total, discretionary | D | 47,276 | 48,000 | 48,000 | 0 | 0.0% | ||||
| Total, mandatory | M | 3,372,252 | 4,507,217 | 2,760,302 | (1,746,915) | -38.8% | ||||
| Outlays, Total | 2,805,488 | 4,030,748 | 2,576,027 | (1,454,721) | -36.1% | |||||
| Outlays, discretionary | 52,248 | 47,198 | 49,921 | 2,723 | 5.8% | |||||
| Outlays, mandatory | 2,753,240 | 3,983,550 | 2,526,106 | (1,457,444) | -36.6% | |||||
| 1 | Reflects a reduction of $1,808 thousand for the Department of Education's share of a rescission of $270 million, pursuant to Sections 102 and 202 of the Emergency Steel Loan Guarantee and Emergency Oil and Gas Guaranteeed Loan Act of 1999. The rescission applies to nondefense funds available to Executive Branch agencies for administrative and travel expenses. | |||||||||
| 2 | Reflects a program-wide negative subsidy; no new budget authority is required. | |||||||||
| 3 | Includes $794 thousand transferred in fiscal year 1999 from the Y2K Contingent Fund for expenses related to year 2000 conversion of Federal information systems. | |||||||||
Direct any questions to Martha Jacobs, Budget Service
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[Office of Student Financial Assistance Programs: Student Financial Assistance] |
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[Office of Student Financial Assistance Programs: Federal Direct Student Loan Program] |