This article describes how federal expenditures for interest benefits, special allowance payments, default claims reinsurance, and administrative cost allowances are distributed among different types of over 61,000 borrowers whose loans came due for repayment during Federal Fiscal Year (FFY) 1989. Changes in factors that affect the amounts of subsidies are examined to show how federal expenditures would be reduced. Subsidy distributions are described for the in-school, grace and repayment periods by students' types of institutions attended, years enrolled, dependency statuses, and family financial circumstances.
Davis, Jerry Sheehan and Knapp, Laura Greene
"How Federal Subsidies to the Stafford Loan Program Are Distributed among Pennsylvania Borrowers,"
Journal of Student Financial Aid: Vol. 20
, Article 2.
Available at: http://publications.nasfaa.org/jsfa/vol20/iss3/2