FFELP -- LOAN VOLUME (COMMITMENTS) BY GUARANTY AGENCY -- 12-MONTHS OF FY2003 AND FY2002

STAFFORD LOANS (SUBSIDIZED) -- LOAN VOLUME (COMMITMENTS) BY GUARANTY AGENCY -- 12-MONTHS OF FY2003 AND FY2002
 FY2003 -- 12-MONTHS FY2002 -- 12-MONTHS PERCENT % SHARE OF TOTAL RANKING NUMERICAL RANKING
(01OCT02 -- 30SEPT03) (01OCT01 -- 30SEPT02) CHANGE
FY2003 FY2002 FY2003 FY2002 FY2003 FY2002 FY2003 FY2002
AGENCY LOANS DOLLARS LOANS DOLLARS LNS. DOL. LNS. LNS. DOL. DOL. DOL. DOL. DOL. DOL.
ARKANSAS 48,025 155,197,117 42,022 136,435,124 14.3 13.8 1.0 0.9 1.0 0.9 26 26 1 USAF 1 USAF
CALIFORNIA 512,726 1,980,266,504 425,325 1,621,930,170 20.5 22.1 10.4 11.1 9.9 10.6 2 2 2 CA 2 CA
COLORADO 60,025 207,705,001 52,362 177,030,670 14.6 17.3 1.2 1.2 1.2 1.2 19 19 3 WI 3 PA
CONNECTICUT 29,003 114,587,802 29,185 114,961,796 -0.6 -0.3 0.6 0.6 0.7 0.8 28 27 4 PA 4 WI
ECMC 56,778 175,795,664 48,595 147,298,588 16.8 19.3 1.2 1.0 1.1 1.0 24 24 5 TX 5 TX
FLORIDA 137,289 388,757,369 170,319 490,575,401 -19.4 -20.8 2.8 2.2 4.0 3.2 10 7 6 NY 6 NY
GEORGIA 37,652 114,609,553 35,947 108,924,115 4.7 5.2 0.8 0.6 0.8 0.7 27 28 7 NE 7 FL
ILLINOIS 125,384 492,250,870 108,406 415,193,718 15.7 18.6 2.5 2.8 2.5 2.7 9 10 8 MA 8 MA
IOWA 57,792 192,697,795 49,389 165,538,021 17.0 16.4 1.2 1.1 1.2 1.1 22 21 9 IL 9 NE
KENTUCKY 109,033 368,428,488 96,444 320,742,118 13.1 14.9 2.2 2.1 2.2 2.1 11 11 10 FL 10 IL
LOUISIANA 51,638 175,432,727 44,263 147,278,397 16.7 19.1 1.0 1.0 1.0 1.0 25 25 11 KY 11 KY
MAINE 24,258 80,247,143 23,990 79,805,762 1.1 0.6 0.5 0.5 0.6 0.5 33 31 12 TN 12 TN
MASSACHUSETTS 111,333 519,543,280 93,741 444,289,688 18.8 16.9 2.3 2.9 2.2 2.9 8 8 13 SD 13 MO
MICHIGAN 94,894 267,694,022 78,669 220,828,521 20.6 21.2 1.9 1.5 1.8 1.4 15 15 14 MO 14 SD
MISSOURI 84,593 287,939,173 75,425 256,734,807 12.2 12.2 1.7 1.6 1.8 1.7 14 13 15 MI 15 MI
MONTANA 24,730 84,403,337 18,499 60,457,183 33.7 39.6 0.5 0.5 0.4 0.4 32 35 16 NJ 16 NJ
NEBRASKA 169,411 671,947,775 109,913 437,577,938 54.1 53.6 3.4 3.8 2.6 2.9 7 9 17 OK 17 OK
NEW HAMPSHIRE 24,605 91,162,434 24,038 86,937,467 2.4 4.9 0.5 0.5 0.6 0.6 29 29 18 NC 18 NC
NEW JERSEY 77,083 247,566,456 70,380 220,147,812 9.5 12.5 1.6 1.4 1.6 1.4 16 16 19 CO 19 CO
NEW MEXICO 23,675 74,321,721 20,727 64,111,731 14.2 15.9 0.5 0.4 0.5 0.4 35 34 20 WA 20 UT
NEW YORK 291,745 1,107,161,361 268,835 1,005,216,336 8.5 10.1 5.9 6.2 6.3 6.6 6 6 21 UT 21 IA
NORTH CAROLINA 61,628 215,845,641 52,068 179,336,523 18.4 20.4 1.2 1.2 1.2 1.2 18 18 22 IA 22 WA
NORTH DAKOTA 23,442 71,864,381 21,860 65,244,698 7.2 10.1 0.5 0.4 0.5 0.4 36 33 23 SC 23 SC
OKLAHOMA 78,449 246,936,124 69,113 212,036,767 13.5 16.5 1.6 1.4 1.6 1.4 17 17 24 ECMC 24 ECMC
OREGON 24,552 78,496,060 19,994 57,219,533 22.8 37.2 0.5 0.4 0.5 0.4 34 36 25 LA 25 LA
PENNSYLVANIA 360,693 1,286,646,809 330,109 1,169,587,378 9.3 10.0 7.3 7.2 7.7 7.7 4 3 26 AR 26 AR
RHODE ISLAND 27,703 89,700,397 26,162 83,076,442 5.9 8.0 0.6 0.5 0.6 0.5 30 30 27 GA 27 CT
SOUTH CAROLINA 53,578 183,173,190 47,818 160,072,161 12.0 14.4 1.1 1.0 1.1 1.0 23 23 28 CT 28 GA
SOUTH DAKOTA 93,198 301,183,054 74,168 232,431,055 25.7 29.6 1.9 1.7 1.7 1.5 13 14 29 NH 29 NH
TENNESSEE 103,155 350,142,477 94,690 315,491,037 8.9 11.0 2.1 2.0 2.2 2.1 12 12 30 RI 30 RI
TEXAS 362,410 1,248,053,179 297,101 1,015,326,157 22.0 22.9 7.3 7.0 6.9 6.7 5 5 31 VT 31 ME
USAF 1,078,260 4,107,226,625 925,796 3,534,298,976 16.5 16.2 21.9 23.1 21.6 23.2 1 1 32 MT 32 VT
UTAH 58,671 193,032,730 51,651 168,565,821 13.6 14.5 1.2 1.1 1.2 1.1 21 20 33 ME 33 ND
VERMONT 23,236 86,189,574 22,460 79,429,548 3.5 8.5 0.5 0.5 0.5 0.5 31 32 34 OR 34 NM
WASHINGTON 59,837 193,269,215 50,340 162,962,833 18.9 18.6 1.2 1.1 1.2 1.1 20 22 35 NM 35 MT
WISCONSIN 372,616 1,352,582,029 317,111 1,103,267,939 17.5 22.6 7.6 7.6 7.4 7.2 3 4 36 ND 36 OR
TOTAL 4,933,100 17,802,057,077 4,286,915 15,260,362,231 15.1 16.7 100 100 100 100

STAFFORD LOANS (UNSUBSIDIZED) -- LOAN VOLUME (COMMITMENTS) BY GUARANTY AGENCY - 12-MONTHS OF FY2003 AND FY2002
FY2003 -- 12-MONTHS FY2002 -- 12-MONTHS PERCENT % SHARE OF TOTAL RANKING NUMERICAL RANKING
(01OCT02 -- 30SEPT03) (01OCT01 -- 30SEPT02) CHANGE
FY2003 FY2002 FY2003 FY2002 FY2003 FY2002 FY2003 FY2002
AGENCY LOANS DOLLARS LOANS DOLLARS LNS. DOL. LNS. LNS. DOL. DOL. DOL. DOL. DOL. DOL.
ARKANSAS 32,037 119,974,557 27,644 102,507,788 15.9 17.0 0.9 0.9 0.7 0.7 25 26 1 USAF 1 USAF
CALIFORNIA 411,475 1,965,075,209 331,012 1,547,426,830 24.3 27.0 11.0 10.4 11.9 11.1 2 2 2 CA 2 CA
COLORADO 49,280 201,081,734 41,900 164,834,554 17.6 22.0 1.3 1.3 1.2 1.2 19 19 3 WI 3 WI
CONNECTICUT 20,973 93,799,200 20,323 90,351,137 3.2 3.8 0.6 0.6 0.6 0.7 28 27 4 TX 4 PA
ECMC 49,683 174,538,753 41,444 141,467,365 19.9 23.4 1.3 1.3 1.1 1.0 21 21 5 PA 5 TX
FLORIDA 97,504 298,485,403 120,401 375,296,512 -19.0 -20.5 2.6 3.8 1.8 2.7 11 9 6 NY 6 NY
GEORGIA 29,892 108,004,335 29,051 105,414,129 2.9 2.5 0.8 0.9 0.7 0.8 26 25 7 NE 7 NE
ILLINOIS 91,463 431,674,122 75,716 357,753,928 20.8 20.7 2.5 2.4 2.6 2.6 9 10 8 MA 8 MA
IOWA 38,149 174,564,091 31,463 142,827,712 21.3 22.2 1.0 1.0 1.1 1.0 20 20 9 IL 9 FL
KENTUCKY 79,437 306,397,384 72,090 263,346,342 10.2 16.3 2.1 2.3 1.9 1.9 10 11 10 KY 10 IL
LOUISIANA 36,755 135,369,787 30,261 107,974,074 21.5 25.4 1.0 0.9 0.8 0.8 24 24 11 FL 11 KY
MAINE 14,204 47,944,032 13,780 47,059,601 3.1 1.9 0.4 0.4 0.3 0.3 36 34 12 SD 12 TN
MASSACHUSETTS 78,652 488,234,706 65,097 406,690,534 20.8 20.1 2.1 2.0 3.0 2.9 8 8 13 TN 13 SD
MICHIGAN 71,995 239,116,084 58,563 189,213,304 22.9 26.4 1.9 1.8 1.4 1.4 14 16 14 MI 14 MO
MISSOURI 60,868 230,812,933 52,787 200,985,555 15.3 14.8 1.6 1.7 1.4 1.4 15 14 15 MO 15 NJ
MONTANA 15,574 54,213,481 11,584 38,501,735 34.4 40.8 0.4 0.4 0.3 0.3 34 36 16 NJ 16 MI
NEBRASKA 135,689 727,591,497 92,914 496,933,988 46.0 46.4 3.6 2.9 4.4 3.6 7 7 17 OK 17 OK
NEW HAMPSHIRE 15,373 66,721,789 15,011 62,303,605 2.4 7.1 0.4 0.5 0.4 0.4 30 29 18 NC 18 NC
NEW JERSEY 55,970 215,452,200 51,130 190,502,677 9.5 13.1 1.5 1.6 1.3 1.4 16 15 19 CO 19 CO
NEW MEXICO 14,747 49,723,674 11,989 40,048,819 23.0 24.2 0.4 0.4 0.3 0.3 35 35 20 IA 20 IA
NEW YORK 202,973 924,217,765 184,173 837,701,832 10.2 10.3 5.4 5.8 5.6 6.0 6 6 21 ECMC 21 ECMC
NORTH CAROLINA 51,713 204,531,465 44,657 172,474,115 15.8 18.6 1.4 1.4 1.2 1.2 18 18 22 WA 22 WA
NORTH DAKOTA 17,529 54,412,124 16,615 49,796,390 5.5 9.3 0.5 0.5 0.3 0.4 33 33 23 SC 23 SC
OKLAHOMA 56,805 206,527,163 48,974 173,366,480 16.0 19.1 1.5 1.5 1.2 1.2 17 17 24 LA 24 LA
OREGON 19,504 73,814,627 16,559 54,421,669 17.8 35.6 0.5 0.5 0.4 0.4 29 32 25 AR 25 GA
PENNSYLVANIA 260,957 1,095,493,024 241,509 995,549,962 8.1 10.0 7.0 7.6 6.6 7.2 5 4 26 GA 26 AR
RHODE ISLAND 17,570 62,738,604 17,522 62,196,456 0.3 0.9 0.5 0.5 0.4 0.4 32 30 27 UT 27 CT
SOUTH CAROLINA 40,469 155,706,231 35,803 131,381,146 13.0 18.5 1.1 1.1 0.9 0.9 23 23 28 CT 28 UT
SOUTH DAKOTA 70,299 293,406,437 54,435 218,651,521 29.1 34.2 1.9 1.7 1.8 1.6 12 13 29 OR 29 NH
TENNESSEE 72,146 279,868,630 65,830 247,264,087 9.6 13.2 1.9 2.1 1.7 1.8 13 12 30 NH 30 RI
TEXAS 283,028 1,126,365,135 225,565 891,340,705 25.5 26.4 7.6 7.1 6.8 6.4 4 5 31 VT 31 VT
USAF 854,923 4,185,286,965 730,346 3,606,706,352 17.1 16.0 23.0 22.9 25.3 26.0 1 1 32 RI 32 OR
UTAH 29,354 100,715,087 25,472 89,041,836 15.2 13.1 0.8 0.8 0.6 0.6 27 28 33 ND 33 ND
VERMONT 14,659 65,282,851 14,328 60,936,373 2.3 7.1 0.4 0.4 0.4 0.4 31 31 34 MT 34 ME
WASHINGTON 45,480 172,289,083 36,949 140,259,740 23.1 22.8 1.2 1.2 1.0 1.0 22 22 35 NM 35 NM
WISCONSIN 287,919 1,396,663,639 242,542 1,076,370,065 18.7 29.8 7.7 7.6 8.5 7.8 3 3 36 ME 36 MT
TOTAL UNSUBSIDIZED 3,725,048 16,526,093,801 3,195,439 13,878,898,918 16.6 19.1 100 100 100 100

PLUS LOANS -- LOAN VOLUME (COMMITMENTS) BY GUARANTY AGENCY -- 12-MONTHS OF FY2003 AND FY2002

FY2003 -- 12-MONTHS FY2002 -- 12-MONTHS PERCENT % SHARE OF TOTAL RANKING NUMERICAL RANKING
(01OCT02 -- 30SEPT03) (01OCT01 -- 30SEPT02) CHANGE
FY2003 FY2002 FY2003 FY2002 FY2003 FY2002 FY2003 FY2002
AGENCY LOANS DOLLARS LOANS DOLLARS LNS. DOL. LNS. LNS. DOL. DOL. DOL. DOL. DOL. DOL.
ARKANSAS 2,399 15,969,678 2,054 12,640,391 16.8 26.3 0.5 0.5 0.4 0.4 29 31 1 USAF 1 USAF
CALIFORNIA 54,125 465,688,448 45,156 345,093,489 19.9 34.9 10.5 10.3 10.3 9.6 2 3 2 CA 2 PA
COLORADO 1,940 11,244,117 2,188 13,862,544 -11.3 -18.9 0.4 0.5 0.2 0.4 33 28 3 PA 3 CA
CONNECTICUT 4,990 54,487,601 4,762 50,047,455 4.8 8.9 1.0 1.1 1.2 1.4 17 15 4 NY 4 NY
ECMC 7,774 63,369,981 6,359 47,019,560 22.3 34.8 1.5 1.4 1.4 1.3 14 17 5 TX 5 TX
FLORIDA 6,400 39,846,651 8,423 62,515,339 -24.0 -36.3 1.2 1.9 0.9 1.7 20 11 6 WI 6 WI
GEORGIA 2,404 23,968,527 2,212 22,930,950 8.7 4.5 0.5 0.5 0.5 0.6 27 27 7 MA 7 MA
ILLINOIS 14,870 135,198,845 12,876 110,177,446 15.5 22.7 2.9 2.9 3.0 3.1 8 8 8 IL 8 IL
IOWA 2,851 18,039,699 2,160 13,389,162 32.0 34.7 0.6 0.5 0.4 0.4 28 29 9 NE 9 NJ
KENTUCKY 6,391 45,083,254 5,965 38,265,675 7.1 17.8 1.2 1.4 1.0 1.1 19 20 10 MO 10 NE
LOUISIANA 2,518 14,832,994 2,313 13,386,726 8.9 10.8 0.5 0.5 0.3 0.4 30 30 11 NJ 11 FL
MAINE 3,512 32,394,068 2,884 26,174,200 21.8 23.8 0.7 0.7 0.7 0.7 22 24 12 TN 12 VT
MASSACHUSETTS 13,503 167,777,709 10,692 125,910,969 26.3 33.3 2.6 2.4 3.7 3.5 7 7 13 VT 13 TN
MICHIGAN 4,627 27,217,863 4,271 23,957,283 8.3 13.6 0.9 1.0 0.6 0.7 26 25 14 ECMC 14 MO
MISSOURI 10,723 82,061,274 7,245 52,677,116 48.0 55.8 2.1 1.6 1.8 1.5 10 14 15 RI 15 CT
MONTANA 1,526 11,770,991 948 6,401,290 61.0 83.9 0.3 0.2 0.3 0.2 31 34 16 NC 16 NC
NEBRASKA 12,911 102,548,733 9,121 65,829,965 41.6 55.8 2.5 2.1 2.3 1.8 9 10 17 CT 17 ECMC
NEW HAMPSHIRE 3,079 29,435,698 3,497 32,900,228 -12.0 -10.5 0.6 0.8 0.6 0.9 25 21 18 WA 18 RI
NEW JERSEY 10,450 81,979,872 9,340 72,082,958 11.9 13.7 2.0 2.1 1.8 2.0 11 9 19 KY 19 WA
NEW MEXICO 324 1,675,466 265 1,693,702 22.3 -1.1 0.1 0.1 0.0 0.0 36 36 20 FL 20 KY
NEW YORK 35,335 389,114,339 31,022 311,257,765 13.9 25.0 6.9 7.1 8.6 8.6 4 4 21 SD 21 NH
NORTH CAROLINA 7,787 56,784,411 7,139 49,485,833 9.1 14.7 1.5 1.6 1.3 1.4 16 16 22 ME 22 SD
NORTH DAKOTA 939 4,850,857 827 4,070,249 13.5 19.2 0.2 0.2 0.1 0.1 35 35 23 OK 23 OK
OKLAHOMA 4,281 31,557,615 3,984 26,897,422 7.5 17.3 0.8 0.9 0.7 0.7 23 23 24 SC 24 ME
OREGON 1,406 11,081,848 1,449 10,062,548 -3.0 10.1 0.3 0.3 0.2 0.3 34 32 25 NH 25 MI
PENNSYLVANIA 47,875 429,420,234 43,203 363,063,708 10.8 18.3 9.3 9.8 9.5 10.1 3 2 26 MI 26 SC
RHODE ISLAND 5,788 62,907,962 4,447 44,165,653 30.2 42.4 1.1 1.0 1.4 1.2 15 18 27 GA 27 GA
SOUTH CAROLINA 4,177 30,990,421 3,507 23,185,953 19.1 33.7 0.8 0.8 0.7 0.6 24 26 28 IA 28 CO
SOUTH DAKOTA 6,270 35,454,647 5,367 28,402,715 16.8 24.8 1.2 1.2 0.8 0.8 21 22 29 AR 29 IA
TENNESSEE 9,392 72,495,254 7,617 59,193,798 23.3 22.5 1.8 1.7 1.6 1.6 12 13 30 LA 30 LA
TEXAS 39,306 310,154,841 31,659 224,044,360 24.2 38.4 7.7 7.2 6.8 6.2 5 5 31 MT 31 AR
USAF 136,791 1,278,393,646 119,238 1,027,456,058 14.7 24.4 26.6 27.2 28.2 28.5 1 1 32 UT 32 OR
UTAH 1,799 11,519,327 1,404 8,238,992 28.1 39.8 0.4 0.3 0.3 0.2 32 33 33 CO 33 UT
VERMONT 7,475 71,956,337 6,668 61,476,478 12.1 17.0 1.5 1.5 1.6 1.7 13 12 34 OR 34 MT
WASHINGTON 5,454 53,227,055 4,606 42,847,211 18.4 24.2 1.1 1.0 1.2 1.2 18 19 35 ND 35 ND
WISCONSIN 31,999 262,291,321 24,264 189,303,690 31.9 38.6 6.2 5.5 5.8 5.2 6 6 36 NM 36 NM
TOTAL PLUS 513,391 4,536,791,584 439,132 3,610,108,881 16.9 25.7 100 100 100 100

STAFFORD(SUB&UNSUB) & PLUS COMBINED - LOAN VOLUME (COMMITMENTS) BY GUARANTY AGENCY - 12-MONTHS OF FY2003 & FY2002
FY2003 -- 12-MONTHS FY2002 -- 12-MONTHS PERCENT % SHARE OF TOTAL RANKING NUMERICAL RANKING
(01OCT02 -- 30SEPT03) (01OCT01 -- 30SEPT02) CHANGE
FY2003 FY2002 FY2003 FY2002 FY2003 FY2002 FY2003 FY2002
AGENCY LOANS DOLLARS LOANS DOLLARS LNS. DOL. LNS. LNS. DOL. DOL. DOL. DOL. DOL. DOL.
ARKANSAS 82,461 291,141,352 71,720 251,583,303 15.0 15.7 0.9 0.9 0.7 0.8 26 27 1 USAF 1 USAF
CALIFORNIA 978,326 4,411,030,161 801,493 3,514,450,489 22.1 25.5 10.7 10.1 11.3 10.7 2 2 2 CA 2 CA
COLORADO 111,245 420,030,852 96,450 355,727,768 15.3 18.1 1.2 1.2 1.1 1.1 19 19 3 WI 3 PA
CONNECTICUT 54,966 262,874,603 54,270 255,360,388 1.3 2.9 0.6 0.7 0.7 0.8 27 26 4 PA 4 WI
ECMC 114,235 413,704,398 96,398 335,785,513 18.5 23.2 1.2 1.2 1.1 1.0 21 21 5 TX 5 NY
FLORIDA 241,193 727,089,423 299,143 928,387,252 -19.4 -21.7 2.6 3.8 1.9 2.8 10 9 6 NY 6 TX
GEORGIA 69,948 246,582,415 67,210 237,269,194 4.1 3.9 0.8 0.8 0.6 0.7 28 28 7 NE 7 NE
ILLINOIS 231,717 1,059,123,837 196,998 883,125,092 17.6 19.9 2.5 2.5 2.7 2.7 9 10 8 MA 8 MA
IOWA 98,792 385,301,585 83,012 321,754,895 19.0 19.8 1.1 1.0 1.0 1.0 22 22 9 IL 9 FL
KENTUCKY 194,861 719,909,126 174,499 622,354,135 11.7 15.7 2.1 2.2 1.9 1.9 11 11 10 FL 10 IL
LOUISIANA 90,911 325,635,508 76,837 268,639,197 18.3 21.2 1.0 1.0 0.8 0.8 24 24 11 KY 11 KY
MAINE 41,974 160,585,243 40,654 153,039,563 3.2 4.9 0.5 0.5 0.4 0.5 33 32 12 TN 12 TN
MASSACHUSETTS 203,488 1,175,555,695 169,530 976,891,191 20.0 20.3 2.2 2.1 3.0 3.0 8 8 13 SD 13 MO
MICHIGAN 171,516 534,027,969 141,503 433,999,108 21.2 23.0 1.9 1.8 1.4 1.3 16 16 14 MO 14 NJ
MISSOURI 156,184 600,813,380 135,457 510,397,478 15.3 17.7 1.7 1.7 1.5 1.6 14 13 15 NJ 15 SD
MONTANA 41,830 150,387,809 31,031 105,360,208 34.8 42.7 0.5 0.4 0.4 0.3 34 36 16 MI 16 MI
NEBRASKA 318,011 1,502,088,005 211,948 1,000,341,891 50.0 50.2 3.5 2.7 3.9 3.1 7 7 17 OK 17 OK
NEW HAMPSHIRE 43,057 187,319,921 42,546 182,141,300 1.2 2.8 0.5 0.5 0.5 0.6 31 31 18 NC 18 NC
NEW JERSEY 143,503 544,998,528 130,850 482,733,447 9.7 12.9 1.6 1.7 1.4 1.5 15 14 19 CO 19 CO
NEW MEXICO 38,746 125,720,861 32,981 105,854,252 17.5 18.8 0.4 0.4 0.3 0.3 36 35 20 WA 20 WA
NEW YORK 530,053 2,420,493,465 484,030 2,154,175,933 9.5 12.4 5.8 6.1 6.2 6.6 6 5 21 ECMC 21 ECMC
NORTH CAROLINA 121,128 477,161,517 103,864 401,296,471 16.6 18.9 1.3 1.3 1.2 1.2 18 18 22 IA 22 IA
NORTH DAKOTA 41,910 131,127,362 39,302 119,111,337 6.6 10.1 0.5 0.5 0.3 0.4 35 34 23 SC 23 SC
OKLAHOMA ### 139,535 485,020,902 122,071 412,300,669
### 14.3 17.6
### 1.5 1.5 1.2 1.3 17 17 24 LA 24 LA
OREGON ### 45,462 163,392,535 38,002 121,703,750
### 19.6 34.3
### 0.5 0.5 0.4 0.4 32 33 25 UT 25 UT
PENNSYLVANIA ### 669,525 2,811,560,067 614,821 2,528,201,048
### 8.9 11.2
### 7.3 7.8 7.2 7.7 4 3 26 AR 26 CT
RHODE ISLAND 51,061 215,346,963 48,131 189,438,551 6.1 13.7 0.6 0.6 0.6 0.6 30 30 27 CT 27 AR
SOUTH CAROLINA 98,224 369,869,842 87,128 314,639,260 12.7 17.6 1.1 1.1 1.0 1.0 23 23 28 GA 28 GA
SOUTH DAKOTA 169,767 630,044,138 133,970 479,485,291 26.7 31.4 1.9 1.7 1.6 1.5 13 15 29 VT 29 VT
TENNESSEE 184,693 702,506,361 168,137 621,948,922 9.8 13.0 2.0 2.1 1.8 1.9 12 12 30 RI 30 RI
TEXAS 684,744 2,684,573,155 554,325 2,130,711,222 23.5 26.0 7.5 7.0 6.9 6.5 5 6 31 NH 31 NH
USAF 2,069,974 9,570,907,236 1,775,380 8,168,461,386 16.6 17.2 22.6 22.4 24.6 24.9 1 1 32 OR 32 ME
UTAH 89,824 305,267,144 78,527 265,846,649 14.4 14.8 1.0 1.0 0.8 0.8 25 25 33 ME 33 OR
VERMONT 45,370 223,428,762 43,456 201,842,399 4.4 10.7 0.5 0.5 0.6 0.6 29 29 34 MT 34 ND
WASHINGTON 110,771 418,785,353 91,895 346,069,784 20.5 21.0 1.2 1.2 1.1 1.1 20 20 35 ND 35 NM
WISCONSIN 692,534 3,011,536,989 583,917 2,368,941,694 18.6 27.1 7.6 7.4 7.7 7.2 3 4 36 NM 36 MT
TOTAL FFELP 9,171,539 38,864,942,462 7,921,486 32,749,370,030 15.8 18.7 100 100 100 100

CONSOLIDATED LOAN VOLUME (COMMITMENTS) BY GUARANTY AGENCY - 12-MONTHS OF FY2003 & FY2002
FY2003 -- 12-MONTHS FY2002 -- 12-MONTHS PERCENT % SHARE OF TOTAL RANKING NUMERICAL RANKING
(01OCT02 -- 30SEPT03) (01OCT01 -- 30SEPT02) CHANGE
FY2003 FY2002 FY2003 FY2002 FY2003 FY2002 FY2003 FY2002
AGENCY LOANS DOLLARS LOANS DOLLARS LNS. DOL. LNS. LNS. DOL. DOL. DOL. DOL. DOL. DOL.
ARKANSAS 10,877 167,240,040 6,071 109,077,095 79.2 53.3 0.6 0.5 0.6 0.5 22 22 1 USAF 1 USAF
CALIFORNIA 36,089 1,034,571,467 59,378 2,459,670,544 -39.2 -57.9 2.0 2.9 5.8 10.7 9 3 2 MA 2 MA
COLORADO 15,388 344,932,331 3,648 85,430,830 321.8 303.8 0.9 1.0 0.4 0.4 14 25 3 WI 3 CA
CONNECTICUT 1,419 31,270,454 1,180 20,678,764 20.3 51.2 0.1 0.1 0.1 0.1 35 34 4 PA 4 NY
ECMC 2,848 59,287,027 896 14,674,786 217.9 304.0 0.2 0.2 0.1 0.1 33 35 5 NY 5 WI
FLORIDA 29,475 552,902,999 25,649 539,997,127 14.9 2.4 1.6 1.6 2.5 2.4 12 10 6 NB 6 PA
GEORGIA 40 460,542 14 221,425 185.7 108.0 0.0 0.0 0.0 0.0 36 36 7 TX 7 WA
ILLINOIS 19,750 561,272,566 10,876 319,570,264 81.6 75.6 1.1 1.6 1.1 1.4 11 11 8 WA 8 TX
IOWA 10,836 148,593,712 7,337 114,738,013 47.7 29.5 0.6 0.4 0.7 0.5 24 20 9 CA 9 NB
KENTUCKY 12,370 171,169,573 7,899 111,523,079 56.6 53.5 0.7 0.5 0.8 0.5 21 21 10 TN 10 FL
LOUISIANA 5,239 75,152,466 4,247 62,394,886 23.4 20.4 0.3 0.2 0.4 0.3 30 27 11 IL 11 IL
MAINE 3,314 66,503,767 1,934 38,395,997 71.4 73.2 0.2 0.2 0.2 0.2 31 33 12 FL 12 TN
MASSACHUSETTS 216,269 5,843,456,147 92,561 3,229,900,195 133.7 80.9 12.0 16.5 9.0 14.1 2 2 13 NJ 13 OK
MICHIGAN 12,732 202,964,427 7,204 125,080,322 76.7 62.3 0.7 0.6 0.7 0.5 18 18 14 CO 14 VM
MISSOURI 14,259 201,270,840 9,256 139,303,555 54.1 44.5 0.8 0.6 0.9 0.6 19 16 15 OK 15 SC
MONTANA 9,973 138,731,031 6,113 85,154,367 63.1 62.9 0.6 0.4 0.6 0.4 25 26 16 VM 16 MO
NEBRASKA 77,123 1,215,743,529 35,757 607,907,513 115.7 100.0 4.3 3.4 3.5 2.7 6 9 17 SC 17 NJ
NEW HAMPSHIRE 4,164 97,683,791 4,092 94,693,892 1.8 3.2 0.2 0.3 0.4 0.4 27 23 18 MI 18 MI
NEW JERSEY 14,820 384,700,524 4,883 135,538,420 203.5 183.8 0.8 1.1 0.5 0.6 13 17 19 MO 19 SD
NEW MEXICO 2,133 48,507,759 2,063 51,744,552 3.4 -6.3 0.1 0.1 0.2 0.2 34 29 20 SD 20 IO
NEW YORK 105,359 2,965,957,772 80,504 2,247,135,621 30.9 32.0 5.9 8.4 7.9 9.8 5 4 21 KY 21 KY
NORTH CAROLINA 7,724 108,900,585 3,134 48,050,389 146.5 126.6 0.4 0.3 0.3 0.2 26 31 22 AK 22 AK
NORTH DAKOTA 4,699 59,676,835 2,880 41,102,248 63.2 45.2 0.3 0.2 0.3 0.2 32 32 23 UT 23 NH
OKLAHOMA 16,657 250,809,625 9,701 157,222,857 71.7 59.5 0.9 0.7 0.9 0.7 15 13 24 IO 24 UT
OREGON 2,999 75,645,402 2,364 60,446,014 26.9 25.1 0.2 0.2 0.2 0.3 29 28 25 MT 25 CO
PENNSYLVANIA 191,807 3,745,380,644 100,424 1,864,293,746 91.0 100.9 10.7 10.6 9.8 8.1 4 6 26 NC 26 MT
RHODE ISLAND 4,843 95,205,249 2,874 50,307,794 68.5 89.2 0.3 0.3 0.3 0.2 28 30 27 NH 27 LA
SOUTH CAROLINA 14,550 213,729,544 9,485 151,686,742 53.4 40.9 0.8 0.6 0.9 0.7 17 15 28 RI 28 OR
SOUTH DAKOTA 8,713 182,071,744 4,802 116,373,052 81.4 56.5 0.5 0.5 0.5 0.5 20 19 29 OR 29 NM
TENNESSEE 60,158 867,670,822 11,784 185,315,348 410.5 368.2 3.3 2.4 1.2 0.8 10 12 30 LA 30 RI
TEXAS 71,679 1,179,466,605 45,330 744,693,958 58.1 58.4 4.0 3.3 4.4 3.2 7 8 31 ME 31 NC
USAF 367,691 7,124,777,340 295,384 5,675,131,590 24.5 25.5 20.4 20.1 28.9 24.8 1 1 32 ND 32 ND
UTAH 6,887 163,666,269 3,441 90,285,746 100.1 81.3 0.4 0.5 0.3 0.4 23 24 33 ECMC 33 ME
VERMONT 9,033 220,538,274 5,799 157,036,971 55.8 40.4 0.5 0.6 0.6 0.7 16 14 34 NM 34 CT
WASHINGTON 58,495 1,119,324,088 40,739 876,619,809 43.6 27.7 3.3 3.2 4.0 3.8 8 7 35 CT 35 ECMC
WISCONSIN 367,730 5,709,729,858 114,039 2,104,123,194 222.5 171.4 20.5 16.1 11.1 9.2 3 5 36 GA 36 GA
Total Consolidated 1,798,142 35,428,965,648 1,023,742 22,915,520,705 75.6 54.6 100 100 100 100

FOOTNOTES PERTAINING TO THE ANNUAL AND CUMULATIVE COMMITMENTS TABLES:

--- THE TERM "COMMITMENTS" EXCLUDES CONSOLIDATION LOANS AND PLUS & SLS REFINANCED LOANS AUTHORIZED UNDER THE 1986 AMENDMENTS.
--- FISLP DATA DOES NOT INCLUDE CONSOLIDATION LOANS MADE BY SALLIE MAE FROM NOV. '81 THRU OCT. '83. TOTAL WAS 32,000 LOANS
FOR $390 MILLION.
--- TOTALS MAY NOT ADD DUE TO ROUNDING. ACTUAL FIGURES ARE USED TO COMPUTE THE AVERAGE LOAN.
--- COMMITMENT DATA FOR THE FIRST 12-MONTHS OF FY 2003 & FY 2002 ARE FROM THE NATIONAL STUDENT LOAN DATA SYSTEM.

FOOTNOTES PERTAINING TO THE AGENCY-BY-AGENCY TABLES:

--- EDUCATION CREDIT MANAGEMENT CORPORATION (ECMC) IS THE DESIGNATED GUARANTOR FOR VIRGINIA.
--- KENTUCKY IS THE DESIGNATED GUARANTOR FOR ALABAMA.
--- MASSACHUSETTS IS THE DESIGNATED GUARANTOR FOR DC..
--- PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AUTHORITY (PHEAA) IS THE DESIGNATED GUARANTOR FOR DELAWARE AND WEST VIRGINIA.
--- UNITED STUDENT AID FUNDS, INC (USAF) IS THE DESIGNATED GUARANTOR FOR ALASKA, ARIZONA, HAWAII, INDIANA, KANSAS, MARYLAND,
MISSISSIPPI, NEVADA, THE PACIFIC ISLANDS, AND WYOMING.
--- WASHINGTON IS THE DESIGNATED GUARANTOR FOR IDAHO.
--- WISCONSIN IS THE DESIGNATED GUARANTOR FOR MINNESOTA, OHIO, PUERTO RICO AND THE VIRGIN ISLANDS.
 FFELP -- LOAN VOLUME (COMMITMENTS)

NATIONAL SUMMARY --- FY 2003 VS. FY 2002

(CUMULATIVE FISCAL YEAR TOTALS AT END OF EACH QUARTER)

% CHANGE FROM FY2002 TO FY2003

FY 2003 FY 2002 OCT OCT OCT OCT

THRU THRU THRU THRU
STAFFORD OCT - DEC OCT - MAR OCT - JUN OCT - SEP OCT - DEC OCT - MAR OCT - JUN OCT - SEP DEC MAR JUN SEP
(SUBSIDIZED)

# OF LOANS 819,788 1,458,498 2,536,292 4,933,100 743,856 1,311,051 2,238,952 4,286,915 10.2 11.2 13.3 15.1
$ AMOUNT 2,673,424,127 4,490,974,634 8,384,571,311 17,802,057,077 2,428,475,738 4,038,107,606 7,307,334,461 15,260,362,231 10.1 11.2 14.7 16.7
AVG. LOAN 3,261 3,079 3,306 3,609 3,265 3,080 3,264 3,560 -0.1 0.0 1.3 1.4

OCT OCT OCT OCT

THRU THRU THRU THRU
STAFFORD OCT - DEC OCT - MAR OCT - JUN OCT - SEP OCT - DEC OCT - MAR OCT - JUN OCT - SEP DEC MAR JUN SEP
(UNSUBSIDIZED)

# OF LOANS 647,077 1,172,281 2,002,359 3,725,048 585,368 1,043,725 1,740,420 3,195,439 10.5 12.3 15.1 16.6
$ AMOUNT 2,500,465,001 4,301,199,268 8,234,228,961 16,526,093,801 2,240,643,789 3,789,564,197 6,965,458,890 13,878,898,918 11.6 13.5 18.2 19.1
AVG. LOAN 3,864 3,669 4,112 4,436 3,828 3,631 4,002 4,343 1.0 1.1 2.8 2.1

OCT OCT OCT OCT

THRU THRU THRU THRU
PLUS OCT - DEC OCT - MAR OCT - JUN OCT - SEP OCT - DEC OCT - MAR OCT - JUN OCT - SEP DEC MAR JUN SEP

# OF LOANS 90,012 144,080 216,397 513,391 85,085 134,681 201,430 439,132 5.8 7.0 7.4 16.9
$ AMOUNT 698,131,979 1,044,347,649 1,634,950,903 4,536,791,584 627,103,354 926,840,409 1,434,828,894 3,610,108,881 11.3 12.7 13.9 25.7
AVG. LOAN 7,756 7,248 7,555 8,837 7,370 6,882 7,123 8,221 5.2 5.3 6.1 7.5

OCT OCT OCT OCT

THRU THRU THRU THRU
TOTAL OCT - DEC OCT - MAR OCT - JUN OCT - SEP OCT - DEC OCT - MAR OCT - JUN OCT - SEP DEC MAR JUN SEP
FFELP

# OF LOANS 1,556,877 2,774,859 4,755,048 9,171,539 1,414,309 2,489,457 4,180,802 7,921,486 10.1 11.5 13.7 15.8
$ AMOUNT 5,872,021,107 9,836,521,551 18,253,751,175 38,864,942,462 5,296,222,881 8,754,512,212 15,707,622,245 32,749,370,030 10.9 12.4 16.2 18.7
AVG. LOAN 3,772 3,545 3,839 4,238 3,745 3,517 3,757 4,134 0.7 0.8 2.2 2.5

NOTE: THE FIRST 12-MONTHS OF FY 2003 & FY 2002 NUMBERS ARE FROM THE NATIONAL STUDENT LOAN DATA SYSTEM (NSLDS).
 38,864,942,462

FFELP -- LOAN VOLUME (COMMITMENTS)

NATIONAL SUMMARY --- FY 2003 VS. FY 2002

(BY QUARTER)
% CHANGE FROM FY2002 TO FY2003

FY 2003 FY 2002 OCT JAN APR JUL

THRU THRU THRU THRU
STAFFORD OCT - DEC JAN - MAR APR - JUN JUL - SEP OCT - DEC JAN - MAR APR - JUN JUL - SEP DEC MAR JUN SEP
(SUBSIDIZED)

# OF LOANS 819,788 638,710 1,077,794 2,396,808 743,856 567,195 927,901 2,047,963 10.2 12.6 16.2 17.0
$ AMOUNT 2,673,424,127 1,817,550,507 3,893,596,677 9,417,485,766 2,428,475,738 1,609,631,868 3,269,226,855 7,953,027,770 10.1 12.9 19.1 18.4
AVG. LOAN 3,261 2,846 3,613 3,929 3,265 2,838 3,523 3,883 -0.1 0.3 2.5 1.2

OCT JAN APR JUL

THRU THRU THRU THRU
STAFFORD OCT - DEC JAN - MAR APR - JUN JUL - SEP OCT - DEC JAN - MAR APR - JUN JUL - SEP DEC MAR JUN SEP
(UNSUBSIDIZED)

# OF LOANS 647,077 525,204 830,078 1,722,689 585,368 458,357 696,695 1,455,019 10.5 14.6 19.1 18.4
$ AMOUNT 2,500,465,001 1,800,734,267 3,933,029,693 8,291,864,840 2,240,643,789 1,548,920,408 3,175,894,693 6,913,440,028 11.6 16.3 23.8 19.9
AVG. LOAN 3,864 3,429 4,738 4,813 3,828 3,379 4,559 4,751 1.0 1.5 3.9 1.3

OCT JAN APR JUL

THRU THRU THRU THRU
PLUS OCT - DEC JAN - MAR APR - JUN JUL - SEP OCT - DEC JAN - MAR APR - JUN JUL - SEP DEC MAR JUN SEP

# OF LOANS 90,012 54,068 72,317 296,994 85,085 49,596 66,749 237,702 5.8 9.0 8.3 24.9
$ AMOUNT 698,131,979 346,215,670 590,603,254 2,901,840,681 627,103,354 299,737,055 507,988,485 2,175,279,987 11.3 15.5 16.3 33.4
AVG. LOAN 7,756 6,403 8,167 9,771 7,370 6,044 7,610 9,151 5.2 6.0 7.3 6.8

OCT JAN APR JUL

THRU THRU THRU THRU
TOTAL OCT - DEC JAN - MAR APR - JUN JUL - SEP OCT - DEC JAN - MAR APR - JUN JUL - SEP DEC MAR JUN SEP
FFELP

# OF LOANS 1,556,877 1,217,982 1,980,189 4,416,491 1,414,309 1,075,148 1,691,345 3,740,684 10.1 13.3 17.1 18.1
$ AMOUNT 5,872,021,107 3,964,500,444 8,417,229,624 20,611,191,287 5,296,222,881 3,458,289,331 6,953,110,033 17,041,747,785 10.9 14.6 21.1 20.9
AVG. LOAN 3,772 3,255 4,251 4,667 3,745 3,217 4,111 4,556 0.7 1.2 3.4 2.4

NOTE: THE 12-MONTHS OF FY 2003 AND FY 2002 NUMBERS ARE FROM THE NATIONAL STUDENT LOAN DATA SYSTEM (NSLDS).
FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) -- ANNUAL AND CUMULATIVE COMMITMENTS-FY66--FY2003

ANNUAL LOAN VOLUME PERCENT CHANGE FROM PERCENT SHARE AVERAGE CUMULATIVE LOAN VOLUME
PRIOR FY OF FFELP LOAN
FISCAL LOANS DOLLARS LOANS DOLLARS
YEAR (THOUSANDS) (MILLIONS) LOANS DOLLARS LOANS DOLLARS DOLLARS (THOUSANDS) (MILLIONS)
1966 89 73 --- --- 100.0 100.0 828 89 73
1967 287 244 222 234 100.0 100.0 848 376 317
1968 407 361 42 48 83.1 84.3 888 783 678
1969 508 457 25 27 67.2 67.8 899 1,291 1,135
1970 498 457 -2 0 57.7 56.4 918 1,789 1,592
1971 535 531 7 16 52.6 52.3 992 2,324 2,123
1972 509 566 -5 7 42.4 44.4 1,113 2,833 2,689
1973 431 516 -15 -9 41.8 44.1 1,196 3,264 3,205
1974 431 528 0 2 45.9 46.4 1,225 3,695 3,733
S S 1975 486 637 13 21 49.1 49.1 1,312 4,181 4,370
T U 1976 * 776 1,088 60 71 59.7 59.5 1,401 4,957 5,458
A B 1977 651 1,037 -16 -5 66.9 67.5 1,593 5,608 6,495
F S 1978 817 1,485 25 43 75.3 75.8 1,819 6,425 7,980
F I 1979 1,233 2,443 51 65 81.7 81.9 1,982 7,658 10,423
O D 1980 2,078 4,335 69 77 89.8 89.6 2,086 9,736 14,758
R I 1981 3,339 7,366 61 70 94.3 94.2 2,206 13,075 22,124
D Z 1982 2,646 5,901 -21 -20 94.9 94.6 2,230 15,721 28,025
E 1983 2,885 6,537 9 11 94.9 94.4 2,266 18,606 34,562
D 1984 3,246 7,506 13 15 95.4 94.8 2,312 21,852 42,068
1985 3,641 8,401 12 12 95.0 94.3 2,307 25,493 50,469
1986 3,413 8,050 -6 -4 94.5 93.9 2,359 28,906 58,519
1987 3,482 8,587 2 7 89.8 88.2 2,466 32,388 67,106
1988 3,619 9,257 4 8 80.2 78.3 2,558 36,007 76,363
1989 3,682 9,593 2 4 78.1 77.0 2,606 39,689 85,956
1990 3,605 9,708 -2 1 80.3 79.0 2,693 43,294 95,664
1991 3,842 10,551 7 9 79.7 78.2 2,747 47,136 106,215
1992 3,997 11,250 4 7 77.9 76.3 2,815 51,133 117,464
1993 4,072 12,471 2 11 72.1 69.8 3,062 55,205 129,936
1994 4,522 14,758 11 18 67.0 63.9 3,264 59,727 144,694
1995 3,712 12,443 -18 -16 63.3 59.1 3,352 63,439 157,137
1996 3,288 11,501 -11 -8 61.6 58.3 3,498 66,727 168,638
1997 3,368 11,866 2 3 59.9 55.4 3,523 70,095 180,504
1998 3,379 11,932 0 1 58.7 53.5 3,531 73,474 192,436
1999 3,316 11,759 -2 -1 57.3 51.3 3,546 76,790 204,195
2000 3,520 12,564 6 7 55.6 49.0 3,569 80,310 216,759
2001 3,797 13,503 15 15 60.0 52.6 3,556 84,107 230,262
2002 4,287 15,260 22 21 61.8 53.9 3,560 88,394 245,522
12-MONTHS 2003 4,933 17,802 30 32 62.3 54.4 3,609 93,327 263,324

FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) -- ANNUAL AND CUMULATIVE COMMITMENTS--FY81 - FY2003

ANNUAL LOAN VOLUME PERCENT CHANGE FROM PERCENT SHARE AVERAGE CUMULATIVE LOAN VOLUME
PRIOR FY OF FFELP LOAN
FISCAL LOANS DOLLARS LOANS DOLLARS

YEAR (THOUSANDS) (MILLIONS) LOANS DOLLARS LOANS DOLLARS DOLLARS (THOUSANDS) (MILLIONS)

S U 1993 423 1,019 --- --- 7.5 5.7 2,411 423 1,019
T N 1994 1,322 4,748 213 366 19.6 20.6 3,592 1,744 5,767
A S 1995 1,852 6,948 40 46 31.6 33.0 3,752 3,596 12,715
F U 1996 1,769 6,568 -4 -5 33.2 33.3 3,713 5,365 19,283
F B 1997 1,948 7,608 10 16 34.7 35.5 3,906 7,313 26,891
O 1998 2,050 8,207 5 8 35.6 36.8 4,003 9,363 35,098
R 1999 2,161 9,024 5 10 37.3 39.4 4,176 11,524 44,122
D 2000 2,456 10,482 14 16 38.8 40.9 4,268 13,980 54,604
2001 2,744 11,788 12 12 39.6 41.6 4,296 16,724 66,392
2002 3,195 13,879 16 18 40.3 42.4 4,344 19,919 80,271
12-MONTHS 2003 3,725 16,526 17 19 40.6 42.5 4,437 23,644 96,797

FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) -- ANNUAL AND CUMULATIVE COMMITMENTS--FY66 - FY2003
ANNUAL LOAN VOLUME PERCENT CHANGE FROM PERCENT SHARE AVERAGE CUMULATIVE LOAN VOLUME
PRIOR FY OF FFELP LOAN
FISCAL LOANS DOLLARS LOANS DOLLARS
YEAR (THOUSANDS) (MILLIONS) LOANS DOLLARS LOANS DOLLARS DOLLARS (THOUSANDS) (MILLIONS)
1981 11 28 --- --- 0.3 0.4 2,690 11 28
1982 27 67 145 139 1.0 1.1 2,525 38 95
1983 58 147 115 119 1.9 2.1 2,540 96 242
1984 74 194 28 32 2.2 2.5 2,643 170 436
1985 95 253 28 30 2.5 2.8 2,664 265 689
P 1986 92 241 -3 -5 2.5 2.8 2,634 357 930
L 1987 109 323 18 34 2.8 3.3 2,973 466 1,253
U 1988 178 541 64 68 3.9 4.6 3,040 643 1,793
S 1989 239 748 34 38 5.1 6.0 3,136 882 2,541
1990 273 877 15 17 6.1 7.1 3,210 1,155 3,419
1991 329 1,072 21 22 6.8 7.9 3,256 1,484 4,491
1992 393 1,293 19 21 7.7 8.8 3,289 1,878 5,784
1993 344 1,312 -13 1 6.1 7.3 3,817 2,222 7,096
1994 350 1,726 2 32 5.2 7.5 4,934 2,571 8,822
1995 300 1,663 -14 -4 5.1 7.9 5,543 2,871 10,485
1996 279 1,658 -7 0 5.2 8.4 5,943 3,150 12,143
1997 304 1,936 9 17 5.4 9.0 6,368 3,454 14,079
1998 329 2,162 8 12 5.7 9.7 6,571 3,783 16,241
1999 313 2,140 -5 -1 5.4 9.3 6,837 4,096 18,381
2000 356 2,610 14 22 5.6 10.2 7,331 4,452 20,991
2001 395 3,044 11 17 5.7 10.7 7,706 4,847 24,035
2002 439 3,610 11 19 5.5 11.0 8,223 5,286 27,645
12-MONTHS 2003 513 4,537 17 26 5.6 11.7 8,844 5,799 32,182

FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) -- ANNUAL AND CUMULATIVE COMMITMENTS -- FY66 - FY2003

ANNUAL LOAN VOLUME PERCENT CHANGE FROM PERCENT SHARE AVERAGE CUMULATIVE LOAN VOLUME
PRIOR FY OF FFELP LOAN
FISCAL LOANS DOLLARS LOANS DOLLARS
YEAR (THOUSANDS) (MILLIONS) LOANS DOLLARS LOANS DOLLARS DOLLARS (THOUSANDS) (MILLIONS)
1966 89 73 --- --- 100.0 100.0 828 89 73
1967 287 244 222 234 100.0 100.0 848 376 317
1968 490 428 71 75 100.0 100.0 874 866 745
1969 756 674 54 57 100.0 100.0 891 1,622 1,419
1970 863 811 14 20 100.0 100.0 940 2,485 2,230
1971 1,017 1,015 18 25 100.0 100.0 998 3,502 3,245
1972 1,201 1,274 18 26 100.0 100.0 1,062 4,703 4,519
1973 1,030 1,171 -14 -8 100.0 100.0 1,136 5,733 5,690
1974 938 1,139 -9 -3 100.0 100.0 1,215 6,671 6,829
1975 990 1,298 6 14 100.0 100.0 1,311 7,661 8,127
1976 * 1,299 1,828 31 41 100.0 100.0 1,408 8,960 9,955
1977 973 1,537 -25 -16 100.0 100.0 1,581 9,933 11,492
F 1978 1,085 1,959 12 27 100.0 100.0 1,806 11,018 13,451
F 1979 1,510 2,984 39 52 100.0 100.0 1,977 12,528 16,435
E 1980 2,314 4,840 53 62 100.0 100.0 2,091 14,842 21,275
L 1981 3,539 7,822 53 62 100.0 100.0 2,210 18,381 29,097
P 1982 2,787 6,235 -21 -20 100.0 100.0 2,237 21,168 35,332
1983 3,039 6,928 9 11 100.0 100.0 2,279 24,207 42,260
1984 3,403 7,916 12 14 100.0 100.0 2,326 27,610 50,176
1985 3,833 8,913 13 13 100.0 100.0 2,326 31,443 59,089
1986 3,611 8,570 -6 -4 100.0 100.0 2,374 35,054 67,659
1987 3,876 9,736 7 14 100.0 100.0 2,512 38,930 77,395
1988 4,513 11,816 16 21 100.0 100.0 2,618 43,444 89,211
1989 4,713 12,466 4 6 100.0 100.0 2,645 48,157 101,677
1990 4,493 12,291 -5 -1 100.0 100.0 2,734 52,650 113,968
1991 4,818 13,500 7 10 100.0 100.0 2,804 57,468 127,468
1992 5,130 14,749 6 9 100.0 100.0 2,875 62,598 142,217
1993 5,647 17,863 10 21 100.0 100.0 3,163 68,245 160,080
1994 6,747 23,101 19 29 100.0 100.0 3,424 74,992 183,181
1995 5,864 21,054 -13 -9 100.0 100.0 3,590 80,856 204,235
1996 5,336 19,727 -9 -6 100.0 100.0 3,697 86,192 223,962
1997 5,620 21,410 5 9 100.0 100.0 3,810 91,812 245,372
1998 5,758 22,301 2 4 100.0 100.0 3,873 97,570 267,673
1999 5,790 22,923 1 3 100.0 100.0 3,959 103,360 290,596
2000 6,332 25,656 9 12 100.0 100.0 4,052 109,692 316,252
2001 6,936 28,335 10 10 100.0 100.0 4,085 116,628 344,587
2002 7,921 32,749 14 16 100.0 100.0 4,134 124,549 377,336
12-MONTHS 2003 9,171 38,865 16 19 100.0 100.0 4,238 133,720 416,201
NOTES: (1) FISLP DATA FOR THE YEARS FY66 - FY84 ARE INCLUDED IN THE FFELP TOTALS (NOT DISPLAYED).
(2) SLS DATA FOR THE YEARS FY81 - FY94 ARE INCLUDED IN THE FFELP TOTALS (NOT DISPLAYED).
(3) THE TERM "COMMITMENTS" EXCLUDES CONSOLIDATION LOANS AND PLUS & SLS REFINANCED LOANS AUTHORIZED UNDER THE 1986 AMENDMENTS.
* FY66 - FY75 ARE JULY - JUNE FY'S. FY76 INCLUDES TRANSITION QUARTER (JULY '76 - SEP '76). FY77 - FY98 ARE OCT. - SEP. FY'S.