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Appropriations
Fiscal Year 2008 $1,076,427,000
Fiscal Year 2007 $6,850,098,000
Fiscal Year 2006 $17,273,789
Fiscal Year 2005 $11,129,929,000
Note: The appropriation amounts listed provide the federal subsidy costs associated with new FFEL program loans for each fiscal year; however, typically it is the volume of loans made that is more relevant to those seeking student aid. FFEL loan volume (aid available), including Federal Consolidation loans, was $119.2 billion in FY 2006, $98.3 billion in FY 2007, and is estimated to be $90.2 billion in FY 2008.
Awards Information
2008
Amount of Aid Available: $56,242,000,000
Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid
programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state
matching dollars, and federal or private loan capital.
Number of New Awards Anticipated:
Loans Anticipated | ||||
| Stafford | $24,050,000,000 | 6,458,000 | $3,724 | Up to $8,500 |
| Unsubsidized Stafford | $23,384,000,000 | 4,988,000 | $4,688 | Up to $20,500 |
| Federal PLUS | $8,808,000,000 | 790,000 | $11,552 | Cost of attendance less other aid. |
| Federal Consolidation | $33,940,000,000 | 1,144,000 | $29,667 | n/a |
2007
Amount of Aid Available: $79,255,000,000
Amount of Aid Available represents the amount of funds awarded to participants
in the Federal Student Aid programs. Depending upon the program, this total may
include federal appropriated dollars, institutional or state matching dollars,
and federal or private loan capital.
Number of New Awards Anticipated:
Loans Anticipated | ||||
| Stafford | $21,410,000,000 | 5,913,000 | $3,621 | Up to $8,500 |
| Unsubsidized Stafford | $21,785,000,000 | 4,786,000 | $4,552 | Up to $18,500 |
| PLUS | $9,208,000,000 | 797,000 | $11,557 | Cost of attendance less other aid. |
| Consolidation | $26,853,000,000 | 992,000 | $27,075 | n/a |
Note: The Department is not bound by any estimates in this notice.
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