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Federal Student Loan Programs Data Book

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Federal Student Loan Programs Data Book Federal Student Loan Programs Data Book Office of Postsecondary Education Policy, Planning, and Innovation Fiscal Years 1997-2000 Federal Student Loan Programs Data Book Office of Postsecondary Education Policy, Planning, and Innovation Policy, Budget and Analysis Staff Policy and Budget Development Unit Donald Conner Fiscal Years 1997-2000 U.S. Department of Education Rod Paige Secretary Office of Postsecondary Education Sally L. Stroup Assistant Secretary for Postsecondary Education Policy & Budget Development Unit David Bergeron Chief April 2002 This report is in the public domain. Authorization to reproduce it in whole or in part is granted. While permission to reprint this publication is not necessary, the citation should be: U.S. Department of Education, Office of Postsecondary Education, Office of Policy, Planning & Innovation, Federal Student Loan Programs Data Book, Fiscal Years 1997-2000, Washington, D.C., 2002. To order copies of this report, write to: ED Pubs, Education Publications Center, U.S. Department of Education, P.O. Box 1398, Jessup, MD 20794-1398; or fax your request to: (301) 470-1244; or email your request to: [email protected]. or call in your request toll-free: 1-877-433-7827 (1-877-4-ED-PUBS). If 877 service is not yet available in your area, call 1-800-872-5327 (1-800-USA-LEARN). Those who use a telecommunication device for the deaf (TDD) or a teletypewriter (TTY) should call 1-800-437-0833. or order online at: www.ed.gov/pubs/edpubs.html. This report is also available on the Department’s Web site at: www.ed.gov/offices/OPE/Data. ii Federal Student Loan Programs Data Book I FY 1997-FY 2000 Foreword The FY 1997-FY 2000 Federal Student Loan Programs Data Book (the Data Book) presents information on two major federal loan programs: the Federal Family Education Loan (FFEL) program and the William D. Ford Federal Direct Loan Program (FDLP). This publication is one of a number of publications produced by the staff of the Office of Policy, Planning, and Innovation (PPI), Policy, Budget and Analysis staff. The Data Book is designed to provide information on borrower and lender activity. As its name suggests the Data Book provides a myriad of factual and statistical data on the various FFEL program and the FDLP loan components that includes: Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS) and the Consolidation loan programs. The FY 1997-FY 2000 Data Book is a continuation of data presented in earlier publications. The previous edition, published in summer of 1997, contained data through FY 1996. The current edition presents new information for FY 1997, FY 1998, FY 1999 and FY 2000. Like earlier editions, the FY 1997-FY 2000 Data Book continues to include cumulative loan volume commitment data and loan portfolio data for the FFEL program. Comparable data for the FDLP is presented, where available. The data presented in this Data Book follows the format of the previous edition. First, the tables and graphs were created to stand alone and not require a lot of narrative interpretation. Second, since several tables in this edition contain cumulative data starting at the beginning of a particular loan program, the cumulative data appears in an appendix. For example, the Stafford Subsidized Loan program began more than 30 years ago. Therefore, cumulative data for this program since its inception is provided in Appendix I. All FY 1990- FY 2000 data and related discussion appear in the body of the Data Book. The information contained in this publication is also available at the PPI Web site. This site contains other useful information such as the FFEL Program Quarterly Loan Volume Update, the Direct Loan Quarterly Loan Volume Update and other pertinent information. Data Books for other Title IV programs are also available on the Web site. The Web site address is: http://www.ed.gov/offices/OPE/Data Questions and comments regarding the contents of this publication should be directed to: Donald Conner Management/Program Analyst U.S. Department of Education Office of Postsecondary Education 1990 K Street, N.W. Washington, DC 20006 email: [email protected] (202) 502-7818 Federal Student Loan Programs Data Book I FY 1997-FY 2000 iii Acknowledgments The author and the Policy & Budget Development Unit express our sincere appreciation and thanks to the knowledgeable colleagues whose valuable contributions helped make the production of this edition of the FY 1997-FY 2000 Federal Student Loan Programs Data Book a success. I would especially like to thank Greg Senseney, from the Financial Partners Channel in Federal Student Aid (FSA). Greg collected and provided data and contributed expert advice on several tables included in this publication. I would also like to thank David Morgan also of FSA. The Office of Postsecondary Education would also like to thank the Human Services staff of Westat for producing the Data Book. Although Beth Sinclair and Patricia Troppe co-managed the preparation of the Data Book and proofed the data tables, text, and graphs, numerous other Westat staff also contributed to this effort. Federal Student Loan Programs Data Book I FY 1997-FY 2000 v Table of Contents Foreword . iii Acknowledgments. v List of Tables . ix List of Appendix Tables . xiv List of Figures . xvii Introduction . 1 Part I – FFEL Program and FDLP Summary Information . 5 Part II – FFEL Program and FDLP Loan Volume Commitments. 23 Part III – FDLP and FFEL Program Dollars Outstanding and Guaranty Agency Characteristics . 167 Part IV – FFEL Program and FDLP Defaults and Collections . 185 Part V – Appendices Appendix I: Tables. I-1 Appendix II. Legislative History . II-1 Appendix III. Glossary . III-1 Federal Student Loan Programs Data Book I FY 1997-FY 2000 vii List of Tables Part I – FFEL Program and FDLP Summary Information Table 1 Federal Family Education Loan (FFEL) program executive summary: FY 1966-FY 2000 . 11 Table 2 Federal Direct Loan Program (FDLP) cash flow as of September 30th: FY 1994-FY 2000 . 16 Table 3 Federal Direct Loan program (FDLP) portfolio status as of September 30th: FY 1994-FY 2000 . 19 Table 4 Federal Family Education Loan (FFEL) program and Federal Direct Loan Program (FDLP) comparison of committed loan volume: FY 1997-FY 2000 . 21 Part II – FFEL Program and FDLP Loan Volume Commitments Table 5 Federal Family Education Loan (FFEL) program annual and cumulative commitments, by loan program type: FY 1966-FY 2000 . 27 Table 6 Federal Direct Loan Program (FDLP) annual and cumulative commitments, by loan program type: FY 1994-FY 2000 . 31 Table 7 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized loans, by type of institution: FY 1990-FY 2000. 34 Table 8 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Unsubsidized loans, by type of institution: FY 1993-FY 2000 . 37 Table 9 Federal Family Education Loan (FFEL) program number of borrowers and dollar amounts of Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1990-FY 2000 . 40 Table 10 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS), and Supplemental Loan for Students (SLS) loans, by type of institution: FY 1990-FY 2000 . 43 Table 11 Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1997-FY 2000. 46 Table 12 Federal Direct Loan Program (FDLP) number of loans and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by type of institution: FY 1997-FY 2000. 52 Federal Student Loan Programs Data Book I FY 1997-FY 2000 ix List of Tables (continued) Table 13 Federal Direct Loan Program (FDLP) number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by academic level: FY 1997-FY 2000. 56 Table 14 Federal Family Education Loan (FFEL) program number of borrowers and dollar amount of Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Student (PLUS) loans, by academic level: FY 1997-FY 2000. 60 Table 15 Federal Family Education Loan (FFEL) program top 100 originators: FY 1997-FY 2000 . 64 Table 16 Federal Family Education Loan (FFEL) program top 100 current holders of loans as of September 30, 2000, September 30, 1999, September 30, 1998 and September 30, 1997. 68 Table 17 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized loans, by guaranty agency: FY 1997-FY 2000 . 72 Table 18 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized loans, by guaranty agency: FY 1997-FY 2000. 75 Table 19 Federal Family Education Loan (FFEL) program loan volume commitments for Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997-FY 2000 . 78 Table 20 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) loans, by guaranty agency: FY 1997-FY 2000 . 81 Table 21 Federal Family Education Loan (FFEL) program loan volume commitments for Consolidation loans, by guaranty agency: FY 1997-FY 2000 . 85 Table 22 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized, Stafford Unsubsidized, and Parent Loans for Undergraduate Students (PLUS) borrowers, by state: FY 1997-FY 2000 . 90 Table 23 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Subsidized borrowers, by state and type of institution: FY 1997-FY 2000. 91 Table 24 Federal Family Education Loan (FFEL) program loan volume commitments for Stafford Unsubsidized borrowers, by state and type of institution: FY 1997-FY 2000 .
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