Federal Student Aid has updated their data center with the latest figures on federal loan and grant volumes. SLA analyzes disbursement figures for these loan programs one quarter after their initial release since significant adjustments are often made to the most recently released figures.
- Overall, federal loans (Stafford, Parent PLUS and Grad PLUS) grew 18% to $77.8 billion through the first three quarters of 2009-10.
- GradPLUS loans grew 34% to $4.4 billion over this period, while Parent PLUS loans grew 16% to $8.0 billion.
- Stafford loans, the most prevalent federal loan program with 84% of disbursements, saw 16% and 18% increases in subsidized and unsubsidized loan programs respectively for the first three quarters.
- Applying this 18% growth figure to the 2008-09 disbursements of $85.2 billion (from FSA Data Center site) yields incremental volume of $15.3 billion for the 2009-10 academic year.