MSR 2008 Loan Volumes

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

Ford Direct Loans

Stafford 1993-1994 1994-1995 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013
# Borrowers 0 256 1,229 1,389 1,468 1,459 1,395 1,322 1,331 1,392 1,422 1,415 1,353 1,291 1,328 1,368 1,407 1,448 1,489 1,533
# Loans 0 294 1,410 1,621 1,715 1,697 1,568 1,488 1,503 1,590 1,616 1,600 1,518 1,448 1,489 1,534 1,578 1,624 1,670 1,719
$ Amount $0 $1,031 $4,644 $5,265 $5,578 $5,542 $5,345 $5,078 $5,125 $5,493 $5,667 $5,691 $5,474 $5,252 $5,774 $5,976 $6,167 $6,364 $6,558 $6,770
Avg. Loan $0 $3,513 $3,294 $3,248 $3,252 $3,266 $3,408 $3,414 $3,411 $3,456 $3,506 $3,557 $3,606 $3,626 $3,877 $3,895 $3,909 $3,919 $3,927 $3,939

Unsubsidized Stafford
# Borrowers 0 113 602 743 838 853 882 875 922 962 965 964 956 910 945 988 1,031 1,078 1,125 1,176
# Loans 0 132 702 888 1,007 1,021 1,006 995 1,052 1,124 1,123 1,122 1,103 1,051 1,090 1,140 1,190 1,243 1,298 1,357
$ Amount $0 $448 $2,249 $2,825 $3,309 $3,415 $3,673 $3,687 $3,938 $4,311 $4,431 $4,565 $4,652 $4,527 $4,978 $5,262 $5,550 $5,864 $6,197 $6,559
Avg. Loan $0 $3,402 $3,203 $3,180 $3,286 $3,345 $3,653 $3,704 $3,745 $3,833 $3,946 $4,068 $4,216 $4,309 $4,567 $4,616 $4,665 $4,716 $4,773 $4,832

PLUS
# Borrowers 0 25 110 125 136 157 161 160 162 185 202 209 207 205 215 226 238 250 263 277
# Loans 0 28 122 139 153 175 180 179 181 210 230 238 238 235 247 260 273 288 302 318
$ Amount $0 $152 $661 $783 $898 $1,040 $1,123 $1,181 $1,264 $1,530 $1,810 $2,001 $2,128 $2,245 $2,480 $2,746 $3,035 $3,359 $3,714 $4,111
Avg. Loan $0 $5,493 $5,433 $5,620 $5,869 $5,940 $6,245 $6,598 $6,990 $7,298 $7,888 $8,405 $8,939 $9,554 $10,047 $10,565 $11,109 $11,681 $12,282 $12,914

Consolidated
# Borrowers 0 6 64 85 104 384 227 347 365 291 287 471 747 433 192 182 189 198 206 213
# Loans 0 6 64 85 105 388 229 351 367 292 288 477 766 444 196 186 194 203 211 218
$ Amount $0 $171 $874 $1,244 $2,188 $7,647 $4,452 $6,976 $9,178 $6,553 $6,571 $11,654 $20,719 $9,466 $4,605 $4,377 $4,656 $4,988 $5,311 $5,630
Avg. Loan $0 $29,706 $13,598 $14,591 $20,929 $19,706 $19,416 $19,862 $24,999 $22,417 $22,798 $24,433 $27,063 $21,333 $23,468 $23,484 $24,024 $24,626 $25,217 $25,804

Total, not incl. Consolidated

# Student Borrowers 0 286 1,380 1,576 1,688 1,694 1,667 1,611 1,641 1,700 1,712 1,698 1,655 1,578 1,628 1,688 1,747 1,810 1,873 1,941
# Parent Borrowers 0 25 110 125 136 157 161 160 162 185 202 209 207 189 199 209 220 232 244 257
# Total Unduplicated Borrower 0 312 1,490 1,701 1,824 1,851 1,828 1,771 1,803 1,884 1,913 1,906 1,862 1,766 1,826 1,897 1,966 2,040 2,116 2,197
# Loans 0 453 2,234 2,649 2,875 2,893 2,754 2,662 2,735 2,924 2,969 2,960 2,859 2,734 2,826 2,934 3,041 3,155 3,271 3,395
$ Amount $0 $1,631 $7,554 $8,874 $9,785 $9,997 $10,141 $9,946 $10,326 $11,333 $11,908 $12,257 $12,254 $12,024 $13,232 $13,984 $14,753 $15,587 $16,468 $17,440
Avg. Loan $0 $3,602 $3,382 $3,350 $3,403 $3,456 $3,683 $3,737 $3,776 $3,876 $4,011 $4,141 $4,286 $4,398 $4,682 $4,766 $4,852 $4,941 $5,035 $5,138
DL Volume as a % of Total 0.0% 7.4% 30.5% 32.1% 33.4% 33.5% 31.5% 29.6% 28.0% 27.0% 24.4% 22.9% 21.6% 19.9% 19.8% 19.8% 19.7% 19.7% 19.7% 19.7%

Total, incl. Consolidated

# Student Borrowers 0 286 1,380 1,576 1,688 1,694 1,667 1,611 1,641 1,700 1,712 1,698 1,655 1,578 1,628 1,688 1,747 1,810 1,873 1,941
# Parent Borrowers 0 25 110 125 136 157 161 160 162 185 202 209 207 189 199 209 220 232 244 257
# Consolidated Borrowers 0 6 64 85 104 384 227 347 365 291 287 471 747 433 192 182 189 198 206 213
# Total Unduplicated Borrower 0 317 1,555 1,786 1,929 2,235 2,055 2,118 2,169 2,154 2,178 2,280 2,431 2,049 1,998 2,058 2,134 2,216 2,299 2,386
# Loans 0 459 2,298 2,734 2,980 3,281 2,983 3,013 3,102 3,216 3,257 3,437 3,625 3,178 3,022 3,120 3,235 3,357 3,481 3,613
$ Amount $0 $1,802 $8,428 $10,118 $11,973 $17,644 $14,594 $16,923 $19,505 $17,887 $18,479 $23,911 $32,973 $21,491 $17,837 $18,361 $19,409 $20,575 $21,779 $23,070
Avg. Loan $0 $3,929 $3,667 $3,700 $4,018 $5,378 $4,892 $5,616 $6,287 $5,562 $5,674 $6,957 $9,096 $6,763 $5,902 $5,884 $6,001 $6,128 $6,256 $6,386