MSR 2008 Loan Volumes

Baseline
Gross Commitments by Fiscal Year
Final
(# loans/borrowers - thousands)
($ volume - millions)
(avg loan - actual)

Ford Direct Loans

Stafford 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
# Borrowers 132 722 1,276 1,407 1,433 1,359 1,368 1,324 1,403 1,427 1,441 1,411 1,355 1,330 1,370 1,409 1,450 1,492 1,535 1,579
# Loans 137 811 1,615 1,790 1,804 1,670 1,674 1,609 1,709 1,759 1,775 1,722 1,636 1,606 1,654 1,702 1,751 1,801 1,853 1,907
$ Amount $585 $3,115 $5,614 $6,224 $6,146 $5,609 $5,830 $5,586 $6,033 $6,298 $6,434 $6,267 $6,007 $6,235 $6,613 $6,830 $7,048 $7,266 $7,497 $7,738
Avg. Loan $4,281 $3,839 $3,477 $3,477 $3,406 $3,359 $3,482 $3,473 $3,530 $3,581 $3,624 $3,640 $3,671 $3,881 $3,998 $4,014 $4,025 $4,034 $4,045 $4,058

Unsubsidized Stafford
# Borrowers 56 347 674 805 855 866 930 935 1,006 1,011 1,022 1,025 982 974 1,015 1,060 1,107 1,156 1,208 1,262
# Loans 58 390 843 1,024 1,082 1,066 1,131 1,127 1,228 1,257 1,269 1,259 1,202 1,192 1,242 1,297 1,355 1,415 1,479 1,545
$ Amount $240 $1,476 $2,902 $3,612 $3,792 $3,803 $4,292 $4,311 $4,846 $5,082 $5,301 $5,391 $5,273 $5,562 $5,933 $6,263 $6,614 $6,989 $7,395 $7,824
Avg. Loan $4,142 $3,786 $3,443 $3,529 $3,504 $3,568 $3,797 $3,825 $3,947 $4,044 $4,176 $4,281 $4,385 $4,666 $4,777 $4,828 $4,881 $4,938 $5,000 $5,063

PLUS
# Borrowers 15 80 138 154 166 163 177 172 174 194 211 215 207 210 221 232 244 257 270 284
# Loans 15 87 163 181 195 187 206 200 201 228 254 257 246 253 266 280 295 310 326 343
$ Amount $90 $502 $928 $1,067 $1,198 $1,159 $1,352 $1,395 $1,518 $1,796 $2,174 $2,321 $2,353 $2,560 $2,833 $3,133 $3,465 $3,832 $4,241 $4,692
Avg. Loan $5,840 $5,740 $5,684 $5,899 $6,154 $6,204 $6,573 $6,983 $7,541 $7,877 $8,552 $9,036 $9,584 $10,115 $10,639 $11,186 $11,764 $12,370 $13,008 $13,677

Consolidated
# Borrowers 0 12 81 90 106 407 270 367 364 298 330 644 756 189 181 188 195 205 212 220
# Loans 0 12 81 90 107 410 272 370 366 299 331 647 759 190 181 189 196 205 213 221
$ Amount $0 $381 $1,094 $1,531 $2,482 $8,095 $5,528 $7,896 $9,037 $6,765 $7,799 $15,967 $19,762 $4,493 $4,229 $4,502 $4,787 $5,140 $5,459 $5,783
Avg. Loan $0 $32,370 $13,587 $16,966 $23,221 $19,725 $20,286 $21,327 $24,676 $22,630 $23,544 $24,677 $26,039 $23,694 $23,316 $23,855 $24,402 $25,026 $25,614 $26,208

Total, not incl. Consolidated

# Student Borrowers 147 815 1,451 1,618 1,668 1,625 1,668 1,634 1,728 1,743 1,750 1,732 1,673 1,650 1,707 1,768 1,831 1,896 1,964 2,034
# Parent Borrowers 15 80 138 154 166 163 177 172 174 194 211 215 198 193 203 214 225 237 249 262
# Total Unduplicated Borrowers 163 894 1,590 1,772 1,833 1,788 1,845 1,806 1,902 1,936 1,960 1,946 1,871 1,842 1,909 1,981 2,055 2,131 2,212 2,295
# Loans 210 1,289 2,621 2,994 3,081 2,923 3,011 2,935 3,138 3,243 3,299 3,238 3,084 3,052 3,162 3,279 3,401 3,526 3,658 3,795
$ Amount $915 $5,093 $9,444 $10,903 $11,135 $10,571 $11,475 $11,292 $12,397 $13,176 $13,909 $13,979 $13,633 $14,357 $15,379 $16,226 $17,128 $18,087 $19,132 $20,253
Avg. Loan $4,357 $3,952 $3,603 $3,641 $3,614 $3,617 $3,811 $3,847 $3,950 $4,062 $4,216 $4,318 $4,420 $4,705 $4,863 $4,948 $5,036 $5,129 $5,230 $5,337
DL Volume as a % of Total 3.8% 19.5% 32.2% 33.5% 33.1% 31.2% 30.7% 28.4% 27.3% 25.2% 23.4% 21.7% 19.8% 19.1% 18.9% 18.9% 18.9% 18.9% 18.8% 18.8%

Total, incl. Consolidated

# Student Borrowers 147 815 1,451 1,618 1,668 1,625 1,668 1,634 1,728 1,743 1,750 1,732 1,673 1,650 1,707 1,768 1,831 1,896 1,964 2,034
# Parent Borrowers 15 80 138 154 166 163 177 172 174 194 211 215 198 193 203 214 225 237 249 262
# Consolidated Borrowers 0 12 81 90 106 407 270 367 364 298 330 644 756 189 181 188 195 205 212 220
# Total Unduplicated Borrowers 163 906 1,670 1,863 1,939 2,195 2,115 2,174 2,266 2,213 2,254 2,425 2,438 1,999 2,057 2,134 2,215 2,299 2,386 2,475
# Loans 210 1,301 2,701 3,084 3,188 3,333 3,283 3,306 3,504 3,542 3,630 3,885 3,843 3,241 3,344 3,468 3,597 3,732 3,872 4,016
$ Amount $915 $5,474 $10,538 $12,433 $13,617 $18,666 $17,002 $19,188 $21,434 $19,941 $21,708 $29,946 $33,395 $18,850 $19,608 $20,728 $21,915 $23,227 $24,592 $26,036
Avg. Loan $4,357 $4,209 $3,901 $4,031 $4,271 $5,600 $5,179 $5,805 $6,116 $5,629 $5,980 $7,709 $8,689 $5,816 $5,865 $5,977 $6,093 $6,224 $6,352 $6,484