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Table 13. Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by academic level: FY94-FY96

• In FY94-FY96, the proportion of total FDLP dollars committed to seniors and graduate students decreased. In contrast, the proportion of FDLP dollars committed to freshmen and sophomores increased. As a result, in FY96, the proportion of total FDLP dollars committed to those in all academic levels became more evenly disbursed.

• For the Stafford Subsidized and Stafford Unsubsidized loan programs in FY94-FY96, the proportion of the total numbers of FLDP dollars committed to freshmen, sophomores, and juniors increased overall. In contrast, the proportion of the total numbers of FLDP dollars committed to seniors and graduate students decreased.

• The greatest proportion of PLUS dollars were committed to freshmen and sophomores, while the greatest proportion of Stafford dollars were committed to seniors and graduate students.

  • Seniors received the lowest proportion of PLUS guaranteed loan dollars. Graduate students were not eligible to receive PLUS loans and, therefore, no funds were committed to these borrowers.

  • In FY96, one-half of PLUS loan dollars were committed to freshmen, while 19.2 percent of Stafford Unsubsidized loan dollars were committed to freshmen.

  • In FY96, 24 percent of PLUS dollars were committed to sophomores, while 14.3 percent of Stafford Subsidized dollars were committed to sophomores.

 
NOTE: FDLP loan data in FY94 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions.

Table 13. Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans

Graph 13a. Percentage distribution of Federal Direct Loan Program (FDLP) dollars, by academic level: FY94-FY96 Stafford Subsidized

Graph 13b. Percentage distribution of Federal Direct Loan Program (FDLP) dollars, by academic level: FY94-FY96 Stafford Unsubsidized

Graph 13c. Percentage distribution of Federal Direct Loan Program (FDLP) dollars, by academic level: FY94-FY96 Parent Loans for Undergraduate Students (PLUS)

Graph 13d. Percentage distribution of Federal Direct Loan Program (FDLP) dollars, by academic level: FY94-FY96 FDLP Total

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Table 12

Table 14