MSR 2008 Loan Volumes

Baseline
Gross 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 0 264 1,275 1,436 1,521 1,511 1,431 1,407 1,424 1,522 1,558 1,538 1,467 1,407 1,447 1,491 1,533 1,578 1,622 1,670
# Loans 0 305 1,469 1,680 1,782 1,763 1,612 1,588 1,612 1,738 1,771 1,739 1,645 1,578 1,623 1,672 1,719 1,770 1,820 1,873
$ Amount $0 $1,119 $5,056 $5,821 $6,137 $6,011 $5,589 $5,472 $5,564 $6,130 $6,330 $6,336 $6,055 $5,859 $6,455 $6,680 $6,894 $7,114 $7,331 $7,568
Avg. Loan $0 $3,672 $3,442 $3,464 $3,444 $3,410 $3,468 $3,445 $3,451 $3,527 $3,575 $3,644 $3,681 $3,712 $3,978 $3,996 $4,010 $4,020 $4,029 $4,040

Unsubsidized Stafford
# Borrowers 0 118 633 774 875 890 928 955 1,011 1,079 1,083 1,070 1,054 1,010 1,048 1,096 1,144 1,195 1,248 1,305
# Loans 0 138 741 929 1,054 1,068 1,060 1,090 1,157 1,261 1,261 1,245 1,216 1,165 1,209 1,264 1,320 1,379 1,440 1,506
$ Amount $0 $494 $2,502 $3,183 $3,706 $3,762 $3,956 $4,098 $4,399 $4,975 $5,117 $5,254 $5,279 $5,192 $5,706 $6,032 $6,364 $6,724 $7,106 $7,522
Avg. Loan $0 $3,592 $3,377 $3,426 $3,515 $3,522 $3,731 $3,761 $3,803 $3,945 $4,058 $4,219 $4,343 $4,456 $4,720 $4,771 $4,822 $4,875 $4,934 $4,996

PLUS
# Borrowers 0 29 132 147 162 177 176 175 175 189 209 216 215 214 224 236 248 261 275 289
# Loans 0 32 146 165 182 198 197 195 196 215 238 246 246 245 258 271 285 300 315 332
$ Amount $0 $180 $804 $943 $1,093 $1,209 $1,251 $1,309 $1,391 $1,616 $1,925 $2,120 $2,252 $2,379 $2,628 $2,910 $3,217 $3,560 $3,937 $4,359
Avg. Loan $0 $5,618 $5,512 $5,730 $6,002 $6,109 $6,346 $6,697 $7,104 $7,510 $8,087 $8,611 $9,144 $9,703 $10,205 $10,732 $11,287 $11,869 $12,482 $13,126

Consolidated
# Borrowers 0 6 64 85 104 385 228 348 366 292 288 472 750 435 192 182 190 198 206 214
# Loans 0 6 64 85 105 388 230 353 368 293 289 478 769 446 197 187 194 203 211 219
$ Amount $0 $204 $943 $1,379 $2,277 $7,761 $4,527 $7,114 $9,315 $6,642 $6,648 $11,781 $21,078 $9,667 $4,664 $4,434 $4,716 $5,052 $5,379 $5,702
Avg. Loan $0 $35,478 $14,673 $16,131 $21,723 $19,984 $19,703 $20,147 $25,328 $22,669 $23,014 $24,636 $27,425 $21,688 $23,700 $23,724 $24,269 $24,875 $25,471 $26,063

Total, not incl. Consolidated

# Student Borrowers 0 295 1,434 1,629 1,748 1,751 1,716 1,718 1,758 1,878 1,894 1,861 1,806 1,732 1,788 1,853 1,918 1,987 2,057 2,132
# Parent Borrowers 0 29 132 147 162 177 176 175 175 189 209 216 215 196 206 217 229 241 253 267
# Total Unduplicated Borrower 0 324 1,565 1,776 1,910 1,928 1,892 1,893 1,933 2,067 2,103 2,076 2,020 1,927 1,993 2,070 2,146 2,227 2,309 2,397
# Loans 0 474 2,356 2,774 3,019 3,029 2,869 2,874 2,965 3,214 3,270 3,230 3,107 2,989 3,089 3,207 3,324 3,449 3,575 3,711
$ Amount $0 $1,792 $8,362 $9,947 $10,936 $10,983 $10,796 $10,879 $11,353 $12,721 $13,372 $13,710 $13,587 $13,429 $14,789 $15,622 $16,475 $17,398 $18,373 $19,449
Avg. Loan $0 $3,780 $3,549 $3,586 $3,623 $3,626 $3,763 $3,786 $3,830 $3,958 $4,090 $4,244 $4,373 $4,494 $4,787 $4,871 $4,956 $5,045 $5,139 $5,241
DL Volume as a % of Total 0.0% 7.3% 30.3% 32.0% 33.1% 32.8% 30.0% 28.6% 27.1% 26.4% 23.9% 22.2% 20.5% 18.9% 18.7% 18.7% 18.7% 18.7% 18.7% 18.7%

Total, incl. Consolidated

# Student Borrowers 0 295 1,434 1,629 1,748 1,751 1,716 1,718 1,758 1,878 1,894 1,861 1,806 1,732 1,788 1,853 1,918 1,987 2,057 2,132
# Parent Borrowers 0 29 132 147 162 177 176 175 175 189 209 216 215 196 206 217 229 241 253 267
# Consolidated Borrowers 0 6 64 85 104 385 228 348 366 292 288 472 750 435 192 182 190 198 206 214
# Total Unduplicated Borrower 0 330 1,629 1,861 2,014 2,313 2,120 2,241 2,299 2,336 2,367 2,445 2,581 2,202 2,164 2,230 2,312 2,401 2,490 2,585
# Loans 0 480 2,420 2,859 3,123 3,417 3,099 3,227 3,332 3,507 3,558 3,709 3,875 3,434 3,286 3,394 3,518 3,652 3,786 3,930
$ Amount $0 $1,996 $9,305 $11,326 $13,213 $18,743 $15,324 $17,992 $20,668 $19,363 $20,021 $25,491 $34,665 $23,096 $19,453 $20,057 $21,191 $22,450 $23,753 $25,151
Avg. Loan $0 $4,160 $3,845 $3,961 $4,230 $5,485 $4,945 $5,576 $6,202 $5,521 $5,626 $6,874 $8,945 $6,725 $5,920 $5,909 $6,023 $6,148 $6,273 $6,400