MSR 2008 Loan Volumes

Baseline
Net 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 128 692 1,232 1,358 1,383 1,319 1,300 1,240 1,295 1,306 1,323 1,304 1,244 1,221 1,257 1,293 1,330 1,369 1,408 1,449
# Loans 131 775 1,556 1,725 1,736 1,618 1,588 1,504 1,574 1,610 1,630 1,591 1,502 1,474 1,518 1,562 1,607 1,653 1,701 1,750
$ Amount $534 $2,888 $5,070 $5,659 $5,641 $5,291 $5,457 $5,174 $5,451 $5,644 $5,782 $5,651 $5,395 $5,583 $5,915 $6,110 $6,305 $6,500 $6,707 $6,922
Avg. Loan $4,065 $3,726 $3,258 $3,281 $3,249 $3,269 $3,436 $3,441 $3,463 $3,506 $3,548 $3,553 $3,591 $3,787 $3,898 $3,913 $3,924 $3,933 $3,943 $3,957

Unsubsidized Stafford
# Borrowers 53 327 644 770 819 823 862 855 905 903 918 931 886 878 915 955 998 1,042 1,089 1,138
# Loans 55 366 804 978 1,035 1,011 1,047 1,028 1,102 1,123 1,141 1,143 1,085 1,075 1,120 1,170 1,222 1,276 1,333 1,393
$ Amount $214 $1,335 $2,570 $3,222 $3,427 $3,494 $3,896 $3,880 $4,240 $4,408 $4,612 $4,731 $4,609 $4,850 $5,176 $5,463 $5,769 $6,096 $6,449 $6,822
Avg. Loan $3,888 $3,650 $3,198 $3,294 $3,312 $3,456 $3,722 $3,772 $3,849 $3,926 $4,044 $4,138 $4,247 $4,513 $4,622 $4,671 $4,722 $4,777 $4,837 $4,898

PLUS
# Borrowers 12 62 118 130 145 146 163 159 168 188 204 208 199 201 212 222 234 246 259 272
# Loans 12 68 139 152 170 168 189 185 194 221 246 249 236 243 255 268 282 297 313 329
$ Amount $71 $392 $774 $878 $1,020 $1,021 $1,225 $1,270 $1,427 $1,691 $2,054 $2,188 $2,226 $2,417 $2,674 $2,956 $3,270 $3,616 $4,001 $4,426
Avg. Loan $5,767 $5,731 $5,569 $5,767 $6,003 $6,089 $6,470 $6,876 $7,364 $7,667 $8,353 $8,796 $9,434 $9,960 $10,475 $11,012 $11,580 $12,174 $12,801 $13,457

Consolidated
# Borrowers 0 12 81 90 106 406 269 367 363 297 329 643 753 188 180 188 195 204 212 219
# Loans 0 12 81 90 107 410 271 370 365 298 331 645 756 189 181 188 196 205 213 220
$ Amount $0 $320 $1,036 $1,369 $2,428 $7,973 $5,418 $7,773 $8,902 $6,680 $7,713 $15,765 $19,375 $4,417 $4,175 $4,445 $4,726 $5,075 $5,390 $5,710
Avg. Loan $0 $27,175 $12,864 $15,225 $22,761 $19,445 $20,005 $21,035 $24,363 $22,395 $23,337 $24,425 $25,645 $23,419 $23,079 $23,613 $24,156 $24,775 $25,359 $25,948

Total, not incl. Consolidated

# Student Borrowers 142 778 1,401 1,563 1,611 1,572 1,581 1,528 1,591 1,580 1,592 1,589 1,525 1,502 1,555 1,610 1,667 1,726 1,788 1,852
# Parent Borrowers 12 62 118 130 145 146 163 159 168 188 204 208 190 186 196 206 217 228 240 252
# Total Unduplicated Borrowers 154 840 1,519 1,693 1,756 1,718 1,744 1,687 1,759 1,767 1,796 1,796 1,714 1,688 1,749 1,815 1,883 1,953 2,027 2,103
# Loans 199 1,209 2,499 2,855 2,941 2,797 2,824 2,717 2,869 2,953 3,016 2,983 2,823 2,791 2,893 3,000 3,111 3,226 3,346 3,471
$ Amount $819 $4,616 $8,414 $9,759 $10,088 $9,806 $10,578 $10,324 $11,118 $11,742 $12,449 $12,570 $12,229 $12,850 $13,765 $14,529 $15,344 $16,211 $17,156 $18,170
Avg. Loan $4,121 $3,817 $3,367 $3,418 $3,430 $3,506 $3,745 $3,800 $3,875 $3,976 $4,127 $4,214 $4,331 $4,603 $4,759 $4,844 $4,933 $5,026 $5,127 $5,234
DL Volume as a % of Total 3.8% 19.8% 32.1% 33.7% 33.6% 32.3% 31.8% 29.4% 28.0% 25.8% 24.1% 22.5% 20.8% 20.1% 19.9% 19.9% 19.9% 19.9% 19.9% 19.9%

Total, incl. Consolidated

# Student Borrowers 142 778 1,401 1,563 1,611 1,572 1,581 1,528 1,591 1,580 1,592 1,589 1,525 1,502 1,555 1,610 1,667 1,726 1,788 1,852
# Parent Borrowers 12 62 118 130 145 146 163 159 168 188 204 208 190 186 196 206 217 228 240 252
# Consolidated Borrowers 0 12 81 90 106 406 269 367 363 297 329 643 753 188 180 188 195 204 212 219
# Total Unduplicated Borrowers 154 852 1,599 1,783 1,861 2,125 2,012 2,054 2,122 2,044 2,092 2,283 2,290 1,846 1,899 1,971 2,045 2,123 2,203 2,286
# Loans 199 1,221 2,579 2,945 3,048 3,207 3,095 3,087 3,235 3,252 3,347 3,628 3,579 2,980 3,073 3,188 3,306 3,431 3,559 3,691
$ Amount $819 $4,935 $9,450 $11,128 $12,515 $17,779 $15,996 $18,097 $20,020 $18,422 $20,162 $28,335 $31,604 $17,267 $17,940 $18,974 $20,070 $21,286 $22,546 $23,880
Avg. Loan $4,121 $4,042 $3,664 $3,778 $4,107 $5,544 $5,168 $5,863 $6,189 $5,666 $6,024 $7,810 $8,830 $5,794 $5,837 $5,952 $6,070 $6,205 $6,335 $6,469