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309. Federal Student Financial Assistance

[For award years July 1 of year shown to the following June 30 (32,650 represents $32,650,000,000). Funds utilized exclude operating costs, etc., and represent funds given to students]

 
Award year impact data 1994 1995 1996 1997 1998 1999 2000
est.
 
FUNDS UTILIZED (mil. dol.)
 
    Total 32,650 35,450 38,849 38,111 40,477 40,272 42,484
Federal Pell Grants 5,486 5,445 5,764 6,331 7,236 7,326 7,940
Federal Supplemental Educational Opportunity Grant 755 764 762 811 855 784 799
Federal Work-Study 757 764 776 906 913 1,044 1,123
Federal Perkins Loan 971 1,029 1,022 1,062 1,070 1,058 1,058
Federal Direct Student Loan (FDSL) 1,790 8,296 9,796 9,838 10,400 9,953 10,605
Federal Family Education Loans (FFEL) 22,891 19,152 20,729 19,163 20,003 20,107 20,959
 
NUMBER OF AWARDS (1,000)
 
    Total 13,082 13,667 14,516 14,363 14,828 14,801 15,225
Federal Pell Grants 3,675 3,612 3,666 3,733 3,856 3,810 3,849
Federal Supplemental Educational Opportunity Grant 1,057 1,083 1,191 1,116 1,163 1,118 1,139
Federal Work-Study 701 702 691 746 744 930 1,000
Federal Perkins Loan 663 688 674 679 669 698 698
Federal Direct Student Loan (FDSL) 474 2,339 2,762 2,864 3,018 2,891 2,872
Federal Family Education Loans (FFEL) 6,512 5,243 5,531 5,225 5,378 5,354 5,667
 
AVERAGE AWARD (dol.)
 
    Total 2,496 2,594 2,676 2,653 2,730 2,721 2,790
Federal Pell Grants 1,493 1,507 1,572 1,696 1,876 1,923 2,063
Federal Supplemental Educational Opportunity Grant 715 706 640 727 735 701 701
Federal Work-Study 1,081 1,087 1,123 1,215 1,228 1,123 1,123
Federal Perkins Loan 1,464 1,497 1,516 1,564 1,600 1,516 1,516
Federal Direct Student Loan (FDSL) 3,779 3,548 3,547 3,435 3,445 3,443 3,693
Federal Family Education Loans (FFEL) 3,515 3,653 3,748 3,667 3,719 3,756 3,698
 
COHORT DEFAULT RATE 1
 
Federal Perkins Loan 10.76 12.57 12.95 12.48 11.54 (X) (X)
FFEL/FDSL Combined Rates 2 10.70 10.40 9.60 8.8 (NA) (X) (X)


NA Not available. X Not applicable.
1 As of June 30. Represents the percent of borrowers entering repayment status in year shown who defaulted in the following year.
2 Prior to 1995, this rate was FFEL-only.

Source: U.S. Dept. of Education, Office of Postsecondary Education, unpublished data.

http://www.ed.gov/offices/OPE/



https://allcountries.org/uscensus/309_federal_student_financial_assistance.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2006 Photius Coutsoukis and Information Technology Associates, all rights reserved.