Archived Information

DEPARTMENT OF EDUCATION FISCAL YEAR 2002 PRESIDENT'S BUDGET
(in thousands of dollars) Category
Code 		2000
Appropriation 		2001
Appropriation 		2002
President's
Request 		President's Request
Compared to
2001 Appropriation
Office, Account, Program and Activity Amount Percent
Federal Family Education Loans Liquidating Account

1. Family education loans (HEA IV-B) M (1,188,367)1 (741,821)1 (604,457)1 137,364 18.5%
Outlays
M (1,636,701) (699,345) (604,457) 94,888 13.6%
Funds returned to Treasury (non-add)
M (1,284,184) (741,821) (604,457) 137,364 18.5%
Federal Family Education Loan Program Account

1. Loan subsidies (HEA IV-B) M 3,762,647 3,068,290 3,403,106 334,816 10.9%
2. Reestimate of existing loans M 776,001 (4,727,793) 0 4,727,793 100.0%

Subtotal, Loan subsidies
4,538,648 (1,659,503)1 3,403,106 5,062,609 305.1%

3. Federal administration (FCRA section 505(e)) D 48,000 48,000 49,636 1,636 3.4%

Total, FFEL Program Account
4,586,648 (1,611,503) 3,452,742 5,064,245 314.3%
      Discretionary
D 48,000 48,000 49,636 1,636 3.4%
      Mandatory
M 4,538,648 (1,659,503) 3,403,106 5,062,609 305.1%

Outlays, Total
4,344,174 (1,562,692) 2,996,800 4,559,492 291.8%
      Discretionary
D 38,038 56,092 49,808 (6,284) -11.2%
      Mandatory
M 4,306,136 (1,618,784) 2,946,992 4,565,776 282.0%
Federal Direct Student Loan Program Account

1. Loan subsidies (HEA IV-B) M (1,068,650) (927,547) (333,770) 593,777 64.0%
2. Reestimate of existing loans M (2,442,286) 481,223 0 (481,223) 100.0%

Subtotal, Loan subsidies
(3,510,936)1 (446,324)1 (333,770)1 112,554 -25.2%

3. Federal administration (HEA IV-D section 458):
(a) Federal administration
M 735,000 770,000 780,000 10,000 1.3%
(b) Payments for services to guaranty agencies (non-add)
M 180,000 170,000 180,000 10,000 5.9%

Subtotal, Federal administration
735,000 770,000 780,000 10,000 1.3%

Total
M (2,775,936) 323,676 446,230 122,554 -37.9%
Outlays, Total
M (2,862,240) 273,171 443,394 170,223 -62.3%
      Federal administration--mandatory
M 648,696 719,495 777,164 57,669 8.0%
      Loan subsidies--mandatory
M (3,510,936) (446,324) (333,770) 112,554 -25.2%
      Funds returned to Treasury (non-add)
M (3,510,936) (1,605,570) (336,366) 1,269,204 79.1%

TOTAL, OSFAP 9,997,062 8,644,352 14,968,515 6,324,163 73.2%
Total, Discretionary
D 9,422,717 10,722,000 11,723,636 1,001,636 9.3%
Total, Mandatory
M 574,345 (2,077,648) 3,244,879 5,322,527 256.2%
1 Reflects net transfers to Treasury; no new budget authority is required.
NOTE: Mandatory amounts for 2001 and 2002 reflect policy estimates prepared for Mid-Session Review of the Budget (August 2001).


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