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Table 36.
Federal Direct Loan Program (FDLP) annual and cumulative Consolidation volume: FY 1995-FY 2000

This table displays annual and cumulative totals of the Direct Consolidation loan volume, percent change from prior year, and average loan.

• The Consolidation loan volume in the FDLP program increased substantially from $342 million in FY 1995 to $8.0 billion in FY 1999. However, in FY 2000, the Consolidation loan volume fell dramatically to $4.5 billion. This drop was primarily due to a reduction in borrowers from 406,000 in FY 1999 to 231,000 in FY 2000.

• The average Consolidation loan amount fluctuated from FY 1995 to FY 2000. In FY 1995 the average FDLP Consolidation loan was $24,429. This figure dropped to $13,000 in FY 1996 and grew to $23,019 in FY 1998. In FY 1999 and FY 2000 the average FDLP Consolidation loan held steady at about $19,500.

To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table36.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.