MSR 2008 Loan Volumes

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

Federal Family Education 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 3,389 3,346 2,617 2,682 2,668 2,643 2,732 2,815 3,066 3,473 3,997 4,348 4,535 4,752 4,889 5,041 5,187 5,342 5,498 5,663
# Loans 4,116 3,952 3,071 3,179 3,167 3,098 3,252 3,395 3,733 4,237 4,894 5,291 5,530 5,794 5,962 6,147 6,324 6,514 6,703 6,905
$ Amount $12,747 $12,858 $10,263 $10,771 $10,709 $10,504 $11,107 $11,530 $12,566 $14,327 $16,718 $18,221 $19,115 $19,989 $22,244 $23,028 $23,777 $24,553 $25,321 $26,156
Avg. Loan $3,097 $3,253 $3,341 $3,388 $3,381 $3,390 $3,416 $3,396 $3,366 $3,381 $3,416 $3,444 $3,457 $3,450 $3,731 $3,746 $3,760 $3,769 $3,777 $3,788

Unsubsidized Stafford
# Borrowers 607 1,527 1,331 1,459 1,550 1,592 1,787 1,942 2,204 2,529 2,968 3,292 3,556 3,717 3,859 4,044 4,231 4,431 4,637 4,859
# Loans 675 1,795 1,572 1,755 1,866 1,901 2,161 2,365 2,722 3,141 3,709 4,090 4,429 4,630 4,807 5,038 5,270 5,520 5,776 6,052
$ Amount $1,802 $6,161 $5,512 $6,399 $7,025 $7,429 $8,718 $9,642 $11,046 $12,995 $15,560 $17,479 $19,134 $20,180 $22,305 $23,613 $24,946 $26,394 $27,933 $29,609
Avg. Loan $2,669 $3,431 $3,507 $3,645 $3,764 $3,908 $4,034 $4,077 $4,058 $4,137 $4,196 $4,273 $4,320 $4,358 $4,640 $4,687 $4,733 $4,782 $4,836 $4,893

PLUS
# Borrowers 252 248 220 234 253 258 283 302 324 353 438 491 505 617 649 684 719 758 798 842
# Loans 292 285 251 269 293 300 330 352 381 418 528 603 622 759 798 842 885 933 982 1,036
$ Amount $1,308 $1,433 $1,398 $1,602 $1,820 $1,918 $2,244 $2,534 $2,887 $3,378 $4,595 $5,543 $6,106 $8,285 $9,161 $10,154 $11,235 $12,449 $13,785 $15,286
Avg. Loan $4,473 $5,026 $5,578 $5,961 $6,213 $6,402 $6,801 $7,190 $7,569 $8,090 $8,702 $9,194 $9,819 $10,910 $11,473 $12,066 $12,689 $13,343 $14,031 $14,754

SLS
# Borrowers 696 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
# Loans 807 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$ Amount $3,091 $26 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Avg. Loan $3,832 $3,246 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Consolidated
# Borrowers 100 176 263 206 170 190 216 278 530 1,073 1,236 1,498 2,345 2,205 1,213 1,211 1,314 1,412 1,489 1,552
# Loans 101 178 268 211 172 193 218 281 536 1,115 1,288 1,548 2,477 2,329 1,282 1,280 1,388 1,492 1,573 1,640
$ Amount $1,816 $2,946 $3,977 $4,046 $3,458 $4,498 $5,652 $8,261 $16,959 $32,298 $36,726 $44,507 $69,257 $61,576 $36,279 $37,643 $42,310 $47,158 $51,546 $55,727
Avg. Loan $17,939 $16,582 $14,859 $19,165 $20,156 $23,311 $25,890 $29,406 $31,662 $28,957 $28,503 $28,751 $27,958 $26,436 $28,305 $29,410 $30,486 $31,607 $32,769 $33,983

Total, not incl. Consolidated

# Student Borrowers 3,678 3,700 2,912 3,005 3,030 3,030 3,195 3,326 3,644 4,094 4,678 5,080 5,342 5,592 5,776 5,998 6,218 6,453 6,691 6,947
# Parent Borrowers 252 248 220 234 253 258 283 302 324 353 438 491 505 617 649 684 719 758 798 842
# Total Unduplicated Borrower 3,930 3,948 3,132 3,238 3,283 3,289 3,478 3,628 3,968 4,444 5,112 5,566 5,841 6,203 6,418 6,676 6,931 7,204 7,482 7,781
# Loans 5,890 6,041 4,894 5,203 5,326 5,299 5,743 6,113 6,837 7,796 9,130 9,984 10,581 11,184 11,567 12,026 12,480 12,967 13,462 13,993
$ Amount $18,948 $20,478 $17,173 $18,771 $19,554 $19,850 $22,068 $23,707 $26,498 $30,700 $36,873 $41,243 $44,355 $48,454 $53,711 $56,794 $59,958 $63,396 $67,038 $71,051
Avg. Loan $3,217 $3,390 $3,509 $3,608 $3,671 $3,746 $3,843 $3,878 $3,876 $3,938 $4,038 $4,131 $4,192 $4,332 $4,643 $4,723 $4,804 $4,889 $4,980 $5,078

Total, incl. Consolidated

# Student Borrowers 3,678 3,700 2,912 3,005 3,030 3,030 3,195 3,326 3,644 4,094 4,678 5,080 5,342 5,592 5,776 5,998 6,218 6,453 6,691 6,947
# Parent Borrowers 252 248 220 234 253 258 283 302 324 353 438 491 505 617 649 684 719 758 798 842
# Consolidated Borrowers 100 176 263 206 170 190 216 278 530 1,073 1,236 1,498 2,345 2,205 1,213 1,211 1,314 1,412 1,489 1,552
# Total Unduplicated Borrower 4,030 4,124 3,395 3,445 3,453 3,479 3,694 3,907 4,498 5,443 6,232 6,832 7,612 7,818 7,638 7,893 8,251 8,623 8,978 9,340
# Loans 5,991 6,219 5,161 5,414 5,498 5,492 5,961 6,394 7,372 8,911 10,419 11,532 13,058 13,513 12,849 13,306 13,868 14,459 15,035 15,633
$ Amount $20,764 $23,424 $21,150 $22,817 $23,012 $24,348 $27,720 $31,968 $43,457 $62,998 $73,599 $85,750 $113,612 $110,030 $89,990 $94,437 $102,268 $110,554 $118,584 $126,777
Avg. Loan $3,466 $3,767 $4,098 $4,214 $4,186 $4,433 $4,650 $5,000 $5,895 $7,070 $7,064 $7,436 $8,701 $8,142 $7,004 $7,097 $7,374 $7,646 $7,887 $8,110