Federal Student Loan Programs Data Book FY94-FY96 / Table 30: Federal Direct Loan Program (FDLP) annual and cumulative Consolidation volume: FY95-FY96

Federal Student Loan Programs Data Book FY94-FY96

This table displays annual and cumulative totals of the Direct Consolidation loan volume, percent change, and average loan.

In FY96, there was a notable increase in the Consolidation loan volume from the previous fiscal year. The number of borrowers increased almost five times and the dollar volume of their loans increased two-fold.
In FY96, the average Direct Consolidation loan was $13,000, almost one-half the average loan in FY95.

NOTE: FDLP loan data in FY94 only include one-quarter of that fiscal year, and FDLP loans were restricted to a small number of institutions.

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Table 31