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Fast Facts

In FY 2003, the Direct Loan program fell short on interest payments to the Treasury, because interest and fees payments from student loans were $2.9 billion less than expected.

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LOAN FACTS

Student Loan Facts

Increased College Enrollment

This table shows the projected enrollment in higher education through 2012. As more and more college-qualified students graduate from high school and choose to pursue higher education, demand for federal student loans will continue to increase. Loan demand also reflects the continuing pattern of grant aid increasing more slowly than educational costs, resulting in greater reliance by students and families on loans to pay for postsecondary education.