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Table 43.
Federal Direct Loan Program (FDLP) estimated dollars outstanding, as of September 30th of each fiscal year, by loan program type: FY 1997- FY 2000

This table shows the amount of dollars outstanding for each of the four Federal Direct Loan Programs and the combined FDLP totals for FY 1997-FY 2000. The table includes figures representing the total volume of dollars in school, in repayment, and outstanding.

• Between FY 1997 and FY 2000, the total volume of FDLP dollars outstanding increased from $21.1 billion in FY 1997 to $56.3 billion in FY 2000. All four of the FDLP programs displayed a similar pattern in that the total volume of dollars outstanding increased each year. For example:

  • In the Stafford Subsidized program, dollars outstanding increased from $11.4 billion in FY 1997 to $22.9 billion in FY 2000.
    
    
  • In the Stafford Unsubsidized program, dollars outstanding increased from $5.9 billion in FY 1997 to $14.1 billion in FY 2000.
    
    
  • In the PLUS and Consolidation programs, dollars outstanding increased from $1.5 billion and $2.3 billion, respectively, to $3.4 billion and $16.0 billion, respectively.
    
    
• The Stafford Subsidized program represented the largest proportion of FDLP program dollars outstanding from FY 1997-FY 2000. However, the proportion of Stafford Subsidized dollars outstanding to total FDLP dollars outstanding decreased each year. For example, in FY 1997, the Stafford Subsidized amount of dollars outstanding represented 54.0 percent of total FDLP dollars outstanding, while in FY 2000, this proportion had dropped to 40.6 percent.1
  
  
• In FY 1997 and FY 1998, Stafford Unsubsidized dollars outstanding accounted for 28 percent of total FDLP dollars outstanding. However, in FY 1999 and FY 2000, Stafford Unsubsidized dollars outstanding accounted for one-quarter of total FDLP dollars outstanding.1

• The proportion of Consolidation dollars outstanding to total FDLP dollars outstanding increased annually, rising from 11.1 percent in FY 1997, to 26.1 in FY 1999, and, finally, to 28.4 percent in FY 2000. ¹

• As the Federal Direct Loan Program has expanded since its inception in FY 1994, the ratio of the total number of FDLP dollars in school to the total number of dollars outstanding decreased overtime. In FY 1997, dollars in school accounted for 66.2 percent of dollars outstanding. This figure fell to 42.3 percent in FY 1999, and finally to 35.6 percent in FY 2000.²

• The annual Stafford Subsidized dollars in school as a percentage of total Stafford Subsidized dollars outstanding was 81.1 percent in FY 1997. This proportion fell over the next three years from 71.1 percent in FY 1998, to 62.5 percent in FY 1999, and finally, to 54.3 percent in FY 2000.³

• The annual dollars in school as a percentage of total Stafford Unsubsidized dollars outstanding was 80.8 percent in FY 1997. Like Stafford Subsidized loans, this proportion fell over the next three years from 70.7 percent in FY 1998, to 62.1 percent in FY 1999, and finally, to 54.3 percent in FY 2000.³

¹ Percents were calculated as the amount of dollars outstanding in a given program divided by the amount of FDLP dollars outstanding.

² Percents were calculated as the amount of FDLP dollars in school divided by the amount of FDLP dollars outstanding.

³ Percents were calculated as the amount of dollars in school in a given program divided by the amount of dollars outstanding in the same program.

To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table43.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.