FY 2001 Budget Summary - February 2000

Appendix Table 2m

FY2001 Budget Request:
Office of Student Financial Assisistance 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 Direct Student Loan Program Account
1. New loan subsidies (HEA IV-B) M (359,298)   (989,373)   (607,139)   382,234 -38.6%
2. Reestimate of existing loans M (360,880)   (2,442,286)   0   2,442,286 -100.0%
      Subtotal, loan subsidies   (720,178) 1 (3,431,659) 1 (607,139) 1 2,824,520 -82.3%
3. Federal administration (HEA IV-D section 458):                  
  (a) Federal administration M 617,591 2 735,000   770,000   35,000 4.8%
  (b) Payments for services to guaranty agencies (non-add) M 177,000   180,000   170,000   (10,000) -5.6%
      Subtotal, Federal administration   617,591   735,000   770,000   35,000 4.8%
      Total   (102,587)   (2,696,659)   162,861   2,859,520 -106.0%
      Outlays, Total   (93,384)   (2,750,306)   114,805   2,865,111 -104.2%
      Outlays, Federal admin.--mandatory   543,409   681,353   721,944   40,591 6.0%
      Outlays, loan subsidies--mandatory   (636,793)   (3,431,659)   (607,139)   2,824,520 -82.3%
      Funds returned to Treasury (non-add)   (636,793)   (3,431,659)   (607,139)   2,824,520 -82.3%
TOTAL, OSFAP   12,074,941   10,542,038   12,629,262   2,087,224 19.8%
  Total, discretionary D 9,395,276   9,422,717   10,306,000   883,283 9.4%
  Total, mandatory M 2,679,665   1,119,321   2,323,262   1,203,941 107.6%
1 Reflects a program-wide negative subsidy; no new budget authority is required.
2 Includes $591 thousand transferred in fiscal year 1999 from the Y2K Contingent Emergency Fund for expenses related to year 2000 conversion of Federal information systems.

Direct any questions to Martha Jacobs, Budget Service


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