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Higher Education Services Corporation-We Help People Pay for College
ANNUAL REPORT 2002
Annual Report Home Key Executives and Board of Trustees HESC Overview Financial Aid for NYS Students Tables and Charts

Table 1A

Student Loans Guaranteed

Federal Stafford Loans (Subsidized and Unsubsidized)
and Federal PLUS Loans
State Fiscal Year Number Amount ($ thousands) Average
1997-98 376,854 $1,507,304 $4,000
1998-99 377,865 $1,571,677 $4,159
1999-00 402,609 $1,746,969 $4,339
2000-01 418,691 $1,831,323 $4,374
2001-02
449,891
$1,973,525
$4,387

Both the number and dollar value of Federal Stafford and PLUS loans guaranteed by HESC grew by nearly 8%, almost double the prior year's growth rate.

 

Table 1B

Student Loans Guaranteed

Federal Consolidation Loans
State Fiscal Year Number Amount ($ thousands) Average
1997-98 14,525 $250,724 $17,262
1998-99 21,093 $258,404 $12,251
1999-00 23,178 $457,141 $19,723
2000-01 66,400 $1,970,791 $29,681
2001-02
45,976
$1,320,762
$28,727

While the dollar value of Federal Consolidation loans approved by HESC declined from last year's extraordinary level, they still represent over 40% of all loan volume approved by HESC.