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Appropriations
Fiscal Year 2011 $0
Fiscal Year 2010 $0
Fiscal Year 2009 $-1,219,833,315
Fiscal Year 2008 -$4,463,634,000
Fiscal Year 2007 $6,850,098,000
Fiscal Year 2006 $17,273,789
Fiscal Year 2005 $11,129,929,000
Note: The appropriation amounts listed provided the federal subsidy costs that were associated with new FFEL guaranteed program loans for fiscal years as shown; however, typically it is the volume of loans made that is more relevant to those seeking student aid. FFEL loan volume (aid available), including Federal Consolidation Loans, was $19.7 billion in FY 2009, $0 in FY 2010, and $0 in FY 2011. These amounts include programs authorized under the Ensuring Continued Access to Student Loan Act of 2008.
The FFEL Program costs were estimated consistent with the Federal Credit Reform Act of 1990. A negative subsidy occurs when the present value of cash inflows to the government is estimated to exceed the present value of the outflows. For FY 2009 and FY 2010, the FFEL Program reflects a total negative subsidy because net revenues, primarily from borrower and lender fees, exceed program costs.
Awards Information
2010
Amount of Aid Available: $35,418,365
Amount of Aid Available represents the amount of funds
awarded to participants in this program.
Loans Anticipated | ||||
| Stafford | $13.4 billion | 3,827,000 | $3,508 | Up to $8,500 |
| Unsubsidized Stafford | $18.1 billion | 4,035,000 | $4,481 | Up to $20,500 |
| Federal PLUS | $3.7 billion | 353,000 | $10,548 | Cost of attendance less other aid. |
| Federal Consolidation | $185 million | 5,000 | $40,448 | n/a |
2009
Amount of Aid Available: $64,987,000,000
Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid
programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state
matching dollars, and federal or private loan capital.
Number of New Awards Anticipated: 14,196,000
Loans Anticipated | ||||
| Stafford | $23,900,000,000 | 6,279,000 | $3,804 | Up to $8,500 |
| Unsubsidized Stafford | $31,400,000,000 | 7,189,000 | $4,367 | Up to $20,500 |
| Federal PLUS | $8,700,000,000 | 718,000 | $12,129 | Cost of attendance less other aid. |
| Federal Consolidation | $1,000,000,000 | 10,000 | $97,348 | n/a |
2008
Amount of Aid Available: $56,242,000,000
Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid
programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state
matching dollars, and federal or private loan capital.
Number of New Awards Anticipated:
Loans Anticipated | ||||
| Stafford | $24,050,000,000 | 6,458,000 | $3,724 | Up to $8,500 |
| Unsubsidized Stafford | $23,384,000,000 | 4,988,000 | $4,688 | Up to $20,500 |
| Federal PLUS | $8,808,000,000 | 790,000 | $11,552 | Cost of attendance less other aid. |
| Federal Consolidation | $33,940,000,000 | 1,144,000 | $29,667 | n/a |
2007
Amount of Aid Available: $79,255,000,000
Amount of Aid Available represents the amount of funds awarded to participants
in the Federal Student Aid programs. Depending upon the program, this total may
include federal appropriated dollars, institutional or state matching dollars,
and federal or private loan capital.
Number of New Awards Anticipated:
Loans Anticipated | ||||
| Stafford | $21,410,000,000 | 5,913,000 | $3,621 | Up to $8,500 |
| Unsubsidized Stafford | $21,785,000,000 | 4,786,000 | $4,552 | Up to $18,500 |
| PLUS | $9,208,000,000 | 797,000 | $11,557 | Cost of attendance less other aid. |
| Consolidation | $26,853,000,000 | 992,000 | $27,075 | n/a |
Note: The Department is not bound by any estimates in this notice.
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