Table A-1. - Federal Family Education Loan (FFEL) program executive summary: FY 1966-FY 2000

(In 000,000's unless otherwise noted)

Loan volume commitments (excludes consolidations)

Number of loans (in 000's)

31,443

3,610

3,876

4,513

4,713

4,493

4,818

5,130

5,647

6,745

5,869

5,336

5,681

5,809

5,859

6,333

109,875

Dollar amount

$59,086

$8,570

$9,736

$11,816

$12,466

$12,291

$13,500

$14,749

$17,863

$23,068

$20,951

$19,728

$21,659

$22,497

$23,324

$25,656

$316,959

Actual average loan (in units)

-

2,374

2,512

2,618

2,645

2,734

2,804

2,875

3,163

3,420

3,570

3,697

3,810

3,872

3,959

4,051

-

Defaults

FISLP/guaranty agency payments to lenders

$4,271

$1,358

$1,350

$1,454

$2,037

$2,680

$3,223

$2,655

$2,497

$2,402

$2,293

$2,662

$2,990

$2,943

$2,027

$2,102

$38,945

Federal outlays

To lenders

Interest benefits

$8,356

$1,572

$1,565

$1,519

$1,513

$1,512

$1,688

$2,056

$1,706

$2,082

$2,186

$2,688

$2,437

$2,397

$2,323

$2,240

$37,840

Special allowance

8,989

910

482

682

1,445

1,425

972

231

107

145

615

390

249

268

222

1,358

18,490

Death and disability claims

122

32

34

39

46

57

62

94

101

118

150

168

187

193

235

213

1,851

Bankruptcy claims

145

38

34

10

6

9

13

94

279

26

4

45

97

106

135

85

1,126

FISLP default claims

1,115

80

31

20

19

17

17

12

9

7

6

8

-

-

-

-

1,340

To guaranty agencies

Administrative cost allowance

$304

$120

$92

$104

$133

$133

$105

$145

$177

$312

$221

$167

$150

$170

$102

-

$2,435

Loan processing & issuing fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$93

93

Account maintenance fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$188

$204

392

Loan advances

189

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

205

Reinsurance default claims

2,943

1,269

1,186

1,379

1,847

2,484

3,245

3,031

2,674

2,408

2,367

2,788

3,231

3,096

2,494

2,189

38,631

Refund of excess reserves

-

-

-

-

-

-

-

8

14

-

-

-

-

-

-

-

22

Collections cost*

$101

$10

$17

$23

$15

$11

$12

$12

$8

$50

$119

$138

$79

$51

$88

$97

$831

Total FFEL program outlays

22,264

4,047

3,441

3,776

5,024

5,648

6,114

5,683

5,075

5,148

5,667

6,392

6,430

6,281

5,787

6,479

$103,256

Federal income/receipts

FISLP insurance premium

$42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$42

FISLP collections

396

73

93

76

70

51

43

33

43

44

47

55

0

0

0

0

1,024

Guaranty agency reimbursements

462

205

265

286

353

382

368

449

534

466

808

904

1,045

1,367

1,378

1,400

10,672

Advances returned

26

9

7

82

16

14

7

2

1

0

0

0

0

0

0

0

164

Excess reserves

-

-

-

11

127

34

1

0

0

0

0

0

0

0

0

0

173

Reinsurance fees

-

-

-

46

51

42

30

49

33

45

3

0

0

0

0

0

299

Origination and other fees

1,039

336

322

341

341

395

441

422

510

1,103

1,066

986

754

799

839

941

10,635

IRS offset - DCS assigned loans

-

56

30

21

13

19

12

22

35

211

236

216

231

263

452

411

2,228

IRS offset - GA

-

36

75

112

146

216

327

466

415

383

327

319

273

364

570

482

4,511

Mandatory assign. coll.

-

-

-

-

-

5

11

29

79

265

569

799

467

428

612

665

3,929

Rehabilitation loans

-

-

-

-

1

2

6

6

3

0

27

16

-

-

-

-

61

Total federal income/receipts

1,965

715

792

975

1,118

1,160

1,246

1,478

1,653

2,517

3,083

3,295

2,770

3,221

3,851

3,899

$33,738

Cash outlays over receipts

20,299

3,332

2,649

2,801

3,906

4,488

4,868

4,205

3,422

2,631

2,585

3,097

3,660

3,060

1,936

2,580

$69,518

- Not applicable.
*Costs from FY86 through FY00 include FFEL program and FISLP.

NOTES: Rehabilitation loans are included in the figures shown for guaranty agency reimbursements. Details may not add to total due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500,000. Corresponds to table 1.

SOURCE: U.S. Department of Education, Office of Postsecondary Education, compiled data.