Federal Student Loan Programs Data Book FY94-FY96
Table 20. Federal Family Education Loan (FFEL) program loan volume commitments for Consolidation loans, by guaranty agency: FY94-FY96
This table shows Consolidation loan volume commitment totals for each guaranty agency for FY94-FY96. The number of loans, dollar amount, percent change from prior year, percent share of total Consolidation loans guaranteed, rankings of all guaranty agencies, and rank differences from year to year are tabulated for each agency
- While steadily increasing each year between FY94 and FY96, Consolidation dollar volume remained relatively small when compared to the loan volume of other FFEL program loan types. However, the total dollar volume more than doubled during this period.
- USAF, the guaranty agency with the largest number of FFEL program commitments, consolidated an increasing share of FFEL program loan dollars. In FY94-FY96, USAF guaranteed 37.2, 39.4, and 42.0 percent of the total for Consolidation loans, respectively.
NOTE: Consolidation loans are not reported as commitments in the same manner as are other FFEL program loan types. They are not included in table 19 that summarizes the loan volume commitments for the FFEL program. Consolidation occurs when a borrower with multiple loans from two or more lenders or guarantors selects a lender and requests that all of his or her loans be consolidated into one loan. This is advantageous to the borrower because he or she can now make one payment to one lender.
Table 20. Federal Family Education Loan (FFEL) program loan volume commitments for Consolidation loans, by guaranty agency: FY94-FY96
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Table 19 
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Table 21
