Federal Perkins Loan Program

Status of Cohort Default as of June 30, 2000

(A) (B) (C) (D) (E)

Borrowers Who Borrowers From Borrowers in Principal Outstanding
Entered Repayment (A) in Default on Cohort Default More on Loans in Default
Status in 1998-99 June 30, 2000 Default Rate Than 240 Days More Than 240 Days

Public 2 Year 18,451 3,550 19.24 $44,003 $41,635,964

Public 4 Year 191,448 18,042 9.42 274,768 426,962,067
Private 2 Year 4,171 658 15.78 9,074 11,142,347
Private 4 Year 157,650 14,870 9.43 218,624 394,801,041
Proprietary 19,679 4,423 22.48 56,725 73,600,178

US Total 391,399 41,543 10.61 $603,194 $948,141,597

Institutions 2,067 1,984 2,305 2,194 2,190
 Federal Perkins Loan Program
Status of Cohort Default as of June 30, 2000

(A) (B) (C) (D) (E)

Borrowers Who Borrowers From Borrowers in Principal Outstanding
Entered Repayment (A) in Default on Cohort Default More on Loans in Default
Status in 1998-99 June 30, 2000 Default Rate Than 240 Days More Than 240 Days

Alabama 4,172 515 12.34 $16,654 $19,571,918

Alaska 131 36 27.48 244 332,461
Arizona 2,808 474 16.88 4,925 7,599,939
Arkansas 2,582 309 11.97 6,441 9,286,682
California 35,447 3,216 9.07 38,409 72,725,738
Colorado 7,330 705 9.62 9,239 15,097,772
Connecticut 4,415 426 9.65 5,989 9,999,886
Delaware 942 89 9.45 948 1,407,590
District of Columbia 2,369 182 7.68 3,045 6,908,149
Florida 10,104 1,380 13.66 17,492 28,514,835
Georgia 6,154 997 16.2 14,560 19,002,431
Hawaii 888 123 13.85 1,701 3,492,268
Idaho 2,653 308 11.61 2,659 3,994,920
Illinois 18,689 2,088 11.17 30,992 50,625,750
Indiana 10,173 824 8.1 10,339 18,885,131
Iowa 9,149 916 10.01 9,918 14,522,354
Kansas 5,535 679 12.27 7,927 14,282,377
Kentucky 5,454 610 11.18 9,616 13,956,913
Louisiana 4,303 528 12.27 14,708 18,530,018
Maine 3,574 323 9.04 4,042 7,626,881
Maryland 6,046 588 9.73 7,870 12,891,793
Massachusetts 17,987 1,588 8.83 22,500 36,208,379
Michigan 14,261 1,554 10.9 21,083 31,190,802
Minnesota 9,615 780 8.11 8,169 16,539,942
Mississippi 3,733 541 14.49 18,506 15,520,196
Missouri 9,044 1,117 12.35 12,414 19,770,643
Montana 2,509 325 12.95 2,938 4,542,343
Nebraska 4,488 471 10.49 3,731 5,538,847
Nevada 399 39 9.77 305 626,571
New Hampshire 3,074 268 8.72 4,085 7,263,134
New Jersey 6,203 708 11.41 13,431 20,315,142
New Mexico 2,710 233 8.6 4,845 7,909,037
New York 33,359 3,805 11.41 60,243 99,185,901
North Carolina 8,124 1,211 14.91 18,307 26,971,242
North Dakota 3,061 154 5.03 2,540 4,219,471
Ohio 19,679 2,171 11.03 29,338 44,499,618
Oklahoma 4,446 556 12.51 9,954 17,684,682
Oregon 7,909 731 9.24 8,526 15,403,911
Pennsylvania 26,354 2,718 10.31 34,271 49,919,201
Puerto Rico 5,618 783 13.94 11,044 8,111,097
Rhode Island 4,200 325 7.74 5,029 8,464,105
South Carolina 3,790 460 12.14 7,552 9,935,407
South Dakota 2,975 258 8.67 2,832 3,976,096
Tennessee 5,746 682 11.87 13,173 19,802,820
Texas 11,036 1,324 12 24,896 44,760,876
Utah 3,780 190 5.03 2,726 4,831,577
Vermont 3,252 308 9.47 3,144 5,257,058
Virginia 6,710 999 14.89 14,552 23,226,579
Washington 8,571 621 7.25 6,154 12,069,221
West Virginia 3,877 638 16.46 8,293 12,978,426
Wisconsin 10,713 563 5.26 8,360 18,134,013
Wyoming 1,237 101 8.16 2,465 3,956,442
Guam
Virgin Islands 21 5 23.81 70 73,012
Misc. Islands

US Total 391,399 41,543 10.61 $603,194 $948,141,597