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32. 1997 Economic Census
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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 operatingcosts, etc., and represent funds given to
students]
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Award year impact data
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1994
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1995
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1996
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1997
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1998
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1999
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2000
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est.
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FUNDS UTILIZED (mil. dol.)
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Total
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32,650
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35,450
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38,849
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38,111
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40,477
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40,272
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42,484
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Federal Pell Grants
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5,486
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5,445
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5,764
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6,331
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7,236
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7,326
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7,940
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Federal Supplemental Educational Opportunity Grant
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755
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764
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762
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811
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855
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784
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799
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Federal Work-Study
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757
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764
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776
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906
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913
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1,044
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1,123
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Federal Perkins Loan
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971
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1,029
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1,022
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1,062
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1,070
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1,058
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1,058
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Federal Direct Student Loan (FDSL)
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1,790
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8,296
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9,796
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9,838
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10,400
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9,953
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10,605
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Federal Family Education Loans (FFEL)
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22,891
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19,152
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20,729
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19,163
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20,003
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20,107
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20,959
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NUMBER OF AWARDS (1,000)
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Total
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13,082
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13,667
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14,516
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14,363
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14,828
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14,801
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15,225
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Federal Pell Grants
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3,675
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3,612
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3,666
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3,733
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3,856
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3,810
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3,849
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Federal Supplemental Educational Opportunity Grant
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1,057
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1,083
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1,191
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1,116
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1,163
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1,118
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1,139
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Federal Work-Study
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701
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702
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691
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746
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744
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930
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1,000
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Federal Perkins Loan
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663
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688
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674
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679
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669
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698
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698
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Federal Direct Student Loan (FDSL)
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474
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2,339
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2,762
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2,864
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3,018
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2,891
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2,872
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Federal Family Education Loans (FFEL)
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6,512
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5,243
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5,531
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5,225
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5,378
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5,354
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5,667
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AVERAGE AWARD (dol.)
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Total
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2,496
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2,594
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2,676
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2,653
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2,730
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2,721
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2,790
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Federal Pell Grants
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1,493
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1,507
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1,572
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1,696
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1,876
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1,923
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2,063
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Federal Supplemental Educational Opportunity Grant
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715
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706
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640
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727
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735
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701
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701
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Federal Work-Study
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1,081
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1,087
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1,123
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1,215
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1,228
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1,123
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1,123
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Federal Perkins Loan
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1,464
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1,497
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1,516
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1,564
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1,600
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1,516
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1,516
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Federal Direct Student Loan (FDSL)
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3,779
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3,548
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3,547
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3,435
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3,445
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3,443
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3,693
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Federal Family Education Loans (FFEL)
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3,515
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3,653
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3,748
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3,667
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3,719
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3,756
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3,698
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COHORT DEFAULT RATE 1
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Federal Perkins Loan
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10.76
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12.57
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12.95
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12.48
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11.54
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(X)
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(X)
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FFEL/FDSL Combined Rates 2
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10.70
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10.40
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9.60
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8.8
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(NA)
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(X)
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(X)
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NA Not available. X Not applicable.
1 As of June 30. Represents the percent of borrowersentering 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 © 2019 Photius Coutsoukis and Information Technology Associates, all rights reserved.
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