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Federal Student Loan Programs Data Book  -  FY 1997-FY 2000
Part V  Appendix Tables CONTENTS    < BACK    NEXT >

 

 

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Table A-49.-Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1966-FY 2000

Fiscal year

Default dollars paid to lenders (in 000,000's)

Percent change from prior FY

Percent share oftotals

Annual collections(in 000,000's)

Percent change from prior FY

Percent share of totals

Cumulative dollars
(in 000,000's)

Defaults

Collections

FISLP1

1968

-

-

-

-

-

-

-

-

1969

$0

-

1.5

$0

-

11.8

$0

$0

1970

1

2,419.7

15.9

0

400.0

25.0

1

0

1971

7

542.4

34.3

0

100.0

21.1

8

0

1972

16

136.8

45.5

1

150.0

31.3

24

1

1973

31

96.4

46.4

3

400.0

56.8

55

3

1974

55

75.6

53.1

4

68.0

58.3

110

8

1975

72

29.9

51.2

8

81.0

54.5

182

15

1976

106

47.1

54.6

10

31.6

44.8

288

25

1977

117

10.5

57.7

10

-4.0

35.0

404

35

1978

104

-10.6

49.2

16

63.5

45.7

509

50

1979

101

-3.0

44.2

42

168.2

59.2

610

93

1980

106

5.2

44.5

43

1.2

59.5

716

135

1981

88

-16.9

34.4

39

-8.5

52.1

805

174

1982

72

-18.2

25.1

41

4.4

45.3

877

215

1983

85

18.1

16.1

51

25.3

39.6

962

266

1984

81

-4.8

11.4

63

23.5

34.0

1,044

329

1985

73

-10.9

7.0

67

6.3

27.2

1,116

396

1986

80

9.8

5.9

129

92.5

30.7

1,196

525

1987

31

-60.7

2.3

123

-4.7

22.9

1,227

648

1988

20

-35.3

1.4

97

-21.1

15.3

1,248

745

1989

19

-7.2

0.9

83

-14.4

11.1

1,266

828

1990

17

-7.5

0.6

70

-15.7

7.6

1,284

898

1991

17

-1.3

0.5

55

-21.4

5.2

1,301

953

1992

12

-32.2

0.4

55

0.0

4.0

1,313

1,008

1993

9

-26.7

0.3

43

-22.3

2.9

1,321

1,051

1994

7

-17.9

0.3

35

-18.1

1.8

1,328

1,086

1995

4

-42.9

0.2

20

-42.9

0.9

1,332

1,106

1996

1

-75.0

0.0

7

-65.0

0.3

1,333

1,113

Stafford Subsidized

1966

-

-

-

-

-

-

-

-

1967

-

-

-

-

-

-

-

-

1968

$2

-

100.0

$0

-

100.0

$2

$0

1969

3

50.3

98.5

0

50.0

88.2

4

0

1970

6

109.0

84.1

0

100.0

75.0

10

1

1971

13

132.0

65.7

1

150.0

78.9

23

1

1972

19

48.3

54.5

1

46.7

68.8

42

2

1973

36

89.2

53.6

2

72.7

43.2

78

4

1974

49

34.6

46.9

3

57.9

41.7

127

7

1975

68

40.0

48.8

6

111.4

45.5

196

14

1976

88

28.6

45.4

12

94.0

55.2

283

26

1977

86

-2.7

42.3

18

44.9

65.0

369

44

1978

108

25.9

50.8

19

4.8

54.3

477

62

1979

128

18.5

55.8

29

55.4

40.8

604

91

1980

133

4.2

55.5

29

-0.2

40.5

737

120

1981

168

26.7

65.6

36

23.8

47.9

906

156

1982

216

28.2

74.9

49

37.2

54.7

1,122

205

1983

444

105.6

83.7

78

58.1

60.4

1,566

283

1984

627

41.3

88.1

122

57.2

66.0

2,193

406

1985

950

51.4

92.1

179

46.2

72.6

3,143

584

1986

1,262

32.9

92.9

289

61.8

68.8

4,405

874

1987

1,295

2.6

95.9

410

41.7

76.3

5,700

1,283

1988

1,378

6.4

94.8

531

29.4

83.5

7,078

1,814

1989

1,675

21.6

82.2

650

22.5

86.9

8,753

2,464

1990

1,952

16.5

72.8

807

24.0

87.8

10,705

3,271

1991

2,436

24.8

75.6

916

13.6

86.2

13,141

4,187

1992

2,032

-16.6

76.5

1,160

26.6

84.4

15,173

5,347

1993

1,892

-6.9

75.8

1,271

9.6

85.0

17,065

6,618

1994

1,756

-7.2

73.1

1,735

36.5

90.3

18,821

8,353

1995

1,580

-10.0

68.9

2,088

20.3

89.8

20,401

10,441

1996

1,723

9.0

64.7

2,452

17.5

88.5

22,123

12,893

1997

1,734

0.7

58.0

2,044

-16.6

84.6

23,857

14,937

1998

1,631

-5.9

55.4

2,534

24.0

82.7

25,489

17,471

19996

1,079

-33.9

53.2

3,197

26.1

80.1

26,568

20,668

20006

1,074

-0.5

51.1

3,615

13.1

76.3

27,642

24,284

 

Table A-49. - Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1966-FY 2000 (continued)

Fiscal year

Default dollars paid to lenders (in 000,000's)

Percent change from prior FY

Percent share oftotals

Annual collections(in 000,000's)

Percent change from prior FY

Percent share of totals

Cumulative dollars
(in 000,000's)

Defaults

Collections

Stafford Unsubsidized2

1993

-

-

-

-

-

-

-

-

1994

$1

-

0.0

$0

-

0.0

$1

$0

1995

11

1,679.7

0.5

0

4,040.0

0.0

12

0

1996

95

742.1

3.6

4

884.8

0.1

107

5

1997

288

203.2

9.6

21

419.1

0.9

395

26

1998

423

47.0

14.4

65

206.7

2.1

818

91

19996

377

-11.0

18.6

141

116.6

3.5

1,195

231

20006

513

36.1

24.4

236

68.2

5.0

1,708

468

PLUS3

1981

-

-

-

-

-

-

-

-

1982

$0

-

0.0

-

-

-

$0

-

1983

0

613.1

0.1

$0

-

0.0

1

$0

1984

1

143.8

0.2

0

85.7

0.0

2

0

1985

3

146.3

0.3

0

301.0

0.1

5

0

1986

6

112.4

0.5

1

238.4

0.2

11

1

1987

7

11.7

0.5

2

93.6

0.3

18

3

1988

20

188.1

1.4

3

71.3

0.5

37

6

1989

32

62.1

1.6

5

56.5

0.6

70

10

1990

40

23.7

1.5

8

65.2

0.8

109

18

1991

67

69.6

2.1

13

73.9

1.2

177

31

1992

78

15.1

2.9

24

83.2

1.7

254

55

1993

89

15.2

3.6

35

45.6

2.3

344

90

1994

96

6.8

4.0

35

1.2

1.8

440

125

1995

98

2.6

4.3

52

46.0

2.2

538

177

1996

113

15.4

4.3

74

43.5

2.7

651

251

1997

113

-0.1

3.8

86

15.4

3.5

764

337

1998

101

-10.7

3.4

131

52.6

4.3

865

467

19996

72

-28.5

3.6

143

9.4

3.6

937

610

20006

66

-8.2

3.2

191

34.1

4.0

1,003

801

SLS4

1981

-

-

-

-

-

-

-

-

1982

-

-

-

-

-

-

-

-

1983

$0

-

0.0

$0

-

0.0

$0

$0

1984

2

646.3

0.3

0

558.6

0.0

2

0

1985

6

221.0

0.6

0

730.7

0.1

9

0

1986

10

58.1

0.7

1

332.9

0.3

19

2

1987

17

67.4

1.2

2

70.2

0.4

35

4

1988

35

107.9

2.4

5

123.1

0.8

70

9

1989

299

756.6

14.7

10

96.3

1.3

370

19

1990

636

112.5

23.7

33

225.7

3.6

1,005

52

1991

630

-0.9

19.6

75

129.3

7.1

1,636

127

1992

441

-30.1

16.6

126

67.6

9.2

2,077

254

1993

384

-12.9

15.4

131

3.7

8.7

2,461

385

1994

374

-2.6

15.6

99

-24.4

5.1

2,835

484

1995

383

2.4

16.7

135

36.8

5.8

3,218

619

1996

387

1.0

14.5

195

44.1

7.0

3,605

814

1997

317

-18.1

10.6

173

-11.5

7.1

3,922

986

1998

237

-25.3

8.0

181

4.6

5.9

4,158

1,167

19996

128

-46.0

6.3

198

9.7

5.0

4,286

1,365

20006

91

-29.0

4.3

212

7.3

4.5

4,377

1,578

Consolidation5

1987

-

-

-

-

-

-

-

-

1988

$1

-

0.1

$0

-

0.0

$1

$0

1989

12

994.0

0.6

0

8,285.6

0.0

13

0

1990

35

199.6

1.3

1

500.4

0.1

48

1

1991

72

106.2

2.2

4

187.7

0.3

119

5

1992

93

29.6

3.5

9

149.2

0.7

212

14

1993

123

31.8

4.9

17

84.9

1.1

335

31

1994

169

37.8

7.0

17

4.4

0.9

504

48

1995

217

28.1

9.4

29

64.7

1.2

721

77

1996

343

58.4

12.9

39

36.1

1.4

1,064

115

1997

538

56.8

18.0

92

135.6

3.8

1,602

207

1998

551

2.5

18.7

153

67.5

5.0

2,153

360

19996

372

-32.6

18.3

311

102.7

7.8

2,525

671

20006

358

-3.6

17.1

485

55.8

10.2

2,884

1,156

 

Table A-49. - Federal Family Education Loan (FFEL) program annual and cumulative default dollars and collections: FY 1966-FY 2000 (continued)

Fiscal year

Default dollars paid to lenders (in 000,000's)

Percent change from prior FY

Percent share oftotals

Annual collections(in 000,000's)

Percent change from prior FY

Percent share of totals

Cumulative dollars
(in 000,000's)

Defaults

Collections

FFEL program total

1966

-

-

-

-

-

-

-

-

1967

-

-

-

-

-

-

-

-

1968

$2

-

100.0

$0

-

100.0

$2

$0

1969

3

52.7

100.0

0

-

100.0

4

0

1970

7

144.6

100.0

0

135.3

100.0

11

1

1971

20

197.2

100.0

1

137.5

100.0

31

2

1972

35

78.6

100.0

2

68.4

100.0

66

3

1973

68

92.5

100.0

4

175.0

100.0

134

8

1974

104

53.6

100.0

7

63.6

100.0

238

15

1975

140

34.7

100.0

14

93.7

100.0

378

29

1976

193

38.1

100.0

22

60.0

100.0

571

51

1977

202

4.5

100.0

27

23.0

100.0

773

78

1978

212

4.8

100.0

34

25.3

100.0

985

113

1979

229

7.9

100.0

71

106.9

100.0

1,214

184

1980

239

4.7

100.0

72

0.6

100.0

1,454

256

1981

257

7.3

100.0

75

4.6

100.0

1,710

330

1982

288

12.3

100.0

90

20.1

100.0

1,999

420

1983

530

83.9

100.0

129

43.3

100.0

2,529

549

1984

712

34.2

100.0

185

43.9

100.0

3,241

734

1985

1,031

44.9

100.0

246

32.9

100.0

4,272

981

1986

1,358

31.7

100.0

420

70.7

100.0

5,630

1,401

1987

1,350

-0.6

100.0

537

27.7

100.0

6,980

1,938

1988

1,454

7.7

100.0

636

18.4

100.0

8,434

2,574

1989

2,037

40.1

100.0

748

17.7

100.0

10,471

3,322

1990

2,680

31.6

100.0

918

22.7

100.0

13,151

4,240

1991

3,223

20.2

100.0

1,063

15.8

100.0

16,374

5,304

1992

2,655

-17.6

100.0

1,374

29.2

100.0

19,029

6,677

1993

2,497

-6.0

100.0

1,496

8.9

100.0

21,526

8,174

1994

2,402

-3.8

100.0

1,922

28.4

100.0

23,928

10,096

1995

2,293

-4.5

100.0

2,324

20.9

100.0

26,222

12,419

1996

2,662

16.0

100.0

2,771

19.3

100.0

28,883

15,191

1997

2,990

12.3

100.0

2,415

-12.9

100.0

31,873

17,606

1998

2,943

-1.6

100.0

3,064

26.9

100.0

34,816

20,669

19996

2,027

-31.1

100.0

3,989

30.2

100.0

36,844

24,658

20006

2,102

3.7

100.0

4,740

18.8

100.0

38,946

29,399

- No default collection activity in this year.

1
 The Federal Insured Student Loan (FISLP) program ended in FY84.
2 The Stafford Unsubsidized program began in FY93.
3
 The Parent Loans for Undergraduate Students (PLUS) program began in FY81.
4 The Supplemental Loan for Students (SLS) program began in FY81 and ended in FY94.
5
 Consolidation loans started in FY87.
6 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of default changed from 180 days of delinquency to 270 days of delinquency.

NOTES: Collections data for Stafford Subsidized and for FFEL program totals include mandatory assignments and IRS offsets. FY66-FY75 are for July through June. Data for FY76 are for July through September. Data for FY77-FY00 are for October through September. Details may not add to totals due to rounding. Calculations are based on numbers before rounding. 0 indicates a number less than 500,000. 0.0 indicates a number less than 0.05. Corresponds to table 49.

SOURCE: U.S. Department of Education, Office of Postsecondary Education, ED Form 1130 and Office of Student Financial Assistance Programs.

 

Part V  Appendix Tables CONTENTS    < BACK    NEXT >

Federal Student Loan Programs Data Book  -  FY 1997-FY 2000