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| Federal Student Loan Programs Data Book - FY 1997-FY 2000
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| Part II FFEL Program and FDLP Loan Volume Commitments | CONTENTS < BACK NEXT > |
Table 6.
Federal Direct Loan Program (FDLP) annual and cumulative commitments, by loan program type: FY 1994-FY 2000
This table shows summary information for tables 32-35. The annual loan volume, the percent change from prior year, the percent share of FDLP total, the average student loan, and the cumulative loan volume are presented for the FDLP program by the three loan types: Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans.
NOTES: FDLP commitments in FY 1994 include only one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. The FDLP makes loans directly available to students, while the FFEL program makes loans available to students through private lenders and guaranty agencies. Both programs offer the same types of loans: Stafford Subsidized, Stafford Unsubsidized, PLUS, and Consolidation loans.
To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table6.xls.
These files are in Microsoft Excel format. If you do not have Excel, you can access the files by downloading the free Excel viewer at: http://office.microsoft.com/downloads/2000/xlviewer.aspx.
| Table 6. - Federal Direct Loan Program (FDLP) annual and cumulative commitments, by loan program type: FY 1994-FY 2000 | |||||||||
| Annual loan volume | Percent change from prior year | Percent share of FDLP | Average loan | Cumulative loan volume | |||||
|---|---|---|---|---|---|---|---|---|---|
Fiscal year |
Loans (in 000's) |
Dollars (in 000,000's) |
Loans | Dollars | Loans | Dollars | Dollars | Loans (in 000's) |
Dollars (in 000,000's) |
| Stafford Subsidized | |||||||||
| 1994 | 137
|
$585
|
-
|
-
|
65.1
|
64.0
|
$4,281
|
137
|
$585
|
| 1995 | 813
|
3,130
|
494.9
|
434.7
|
63.1
|
61.4
|
3,848
|
950
|
3,715
|
| 1996 | 1,611
|
5,553
|
98.1
|
77.4
|
61.6
|
59.3
|
3,447
|
2,561
|
9,268
|
| 1997 | 1,792
|
6,233
|
11.2
|
12.2
|
59.8
|
57.1
|
3,478
|
4,353
|
15,501
|
| 1998 | 1,803
|
6,141
|
0.6
|
-1.5
|
58.6
|
55.2
|
3,406
|
6,156
|
21,641
|
| 1999 | 1,691
|
5,686
|
-6.2
|
-7.4
|
57.2
|
53.1
|
3,362
|
7,847
|
27,327
|
| 2000 | 1,709
|
6,033
|
1.0
|
6.1
|
55.7
|
51.0
|
3,530
|
9,556
|
33,360
|
| Stafford Unsubsidized | |||||||||
| 1994 | 58
|
$240
|
-
|
-
|
27.6
|
26.2
|
$4,142
|
58
|
$240
|
| 1995 | 391
|
1,479
|
574.7
|
516.4
|
30.3
|
29.0
|
3,785
|
449
|
1,719
|
| 1996 | 841
|
2,875
|
115.0
|
94.3
|
32.1
|
30.7
|
3,420
|
1,289
|
4,594
|
| 1997 | 1,025
|
3,617
|
21.9
|
25.8
|
34.2
|
33.1
|
3,529
|
2,314
|
8,211
|
| 1998 | 1,081
|
3,787
|
5.4
|
4.7
|
35.1
|
34.0
|
3,505
|
3,395
|
11,999
|
| 1999 | 1,079
|
3,855
|
-0.1
|
1.8
|
36.5
|
36.0
|
3,573
|
4,474
|
15,854
|
| 2000 | 1,148
|
4,408
|
6.4
|
14.3
|
37.5
|
37.3
|
3,839
|
5,622
|
20,262
|
| PLUS | |||||||||
| 1994 | 15
|
$90
|
-
|
-
|
7.3
|
9.8
|
$5,840
|
15
|
$90
|
| 1995 | 86
|
492
|
458.3
|
449.0
|
6.6
|
9.7
|
5,742
|
101
|
582
|
| 1996 | 165
|
944
|
92.2
|
91.7
|
6.3
|
10.1
|
5,727
|
266
|
1,526
|
| 1997 | 181
|
1,068
|
9.9
|
13.2
|
6.0
|
9.8
|
5,899
|
447
|
2,594
|
| 1998 | 195
|
1,198
|
7.4
|
12.1
|
6.3
|
10.8
|
6,156
|
641
|
3,792
|
| 1999 | 187
|
1,162
|
-3.8
|
-3.0
|
6.3
|
10.9
|
6,210
|
829
|
4,954
|
| 2000 | 208
|
1,393
|
11.4
|
19.8
|
6.8
|
11.8
|
6,683
|
1,037
|
6,346
|
| FDLP total | |||||||||
| 1994 | 210
|
$915
|
-
|
-
|
100.0
|
100.0
|
$4,357
|
210
|
$915
|
| 1995 | 1,290
|
5,102
|
514.2
|
457.6
|
100.0
|
100.0
|
3,955
|
1,500
|
6,017
|
| 1996 | 2,616
|
9,372
|
102.8
|
83.7
|
100.0
|
100.0
|
3,582
|
4,116
|
15,388
|
| 1997 | 2,998
|
10,918
|
14.6
|
16.5
|
100.0
|
100.0
|
3,642
|
7,115
|
26,306
|
| 1998 | 3,078
|
11,125
|
2.7
|
1.9
|
100.0
|
100.0
|
3,615
|
10,192
|
37,431
|
| 1999 | 2,957
|
10,703
|
-3.9
|
-3.8
|
100.0
|
100.0
|
3,619
|
13,150
|
48,135
|
| 2000 | 3,066
|
11,833
|
3.7
|
10.6
|
100.0
|
100.0
|
3,860
|
16,216
|
59,968
|
| -Not applicable. NOTES: In the FDLP, "commitment" occurs when the Department receives and accepts an approved origination record and a signed promissory note from the borrower. The commitment date is the loan's anticipated date or, when it becomes known, the actual date of first disbursement. Consequently, as loan records are updated with actual data, commitment amounts change and some of these totals may differ slightly from information presented in the Quarterly Loan Volume Update. This procedure was developed so that the Department would have a uniform measure to compare activity between both the FDLP and FFEL programs. This table excludes Consolidation loans. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. FDLP loan data in FY94 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions. SOURCE: U.S. Department of Education, Office of Postsecondary Education, Direct Loan/Loan Origination System. |
|||||||||
| Part II FFEL Program and FDLP Loan Volume Commitments | CONTENTS < BACK NEXT > |
| Federal Student Loan Programs Data Book - FY 1997-FY 2000 |
|