Student Loan Statistics 2008/09
Federal Loans and most Long Term Institutional Loans were maintained by a mainframe system which was developed in the 1960's by Madison campus programmers. As of October, 2004, the University of Wisconsin-Madison contracted with Educational Computer Systems, Inc.(ECSI) to provide billing services.
Short Term Loans, and a few Long Term Institutional Loans are maintained by a PC system which was developed by the Bursar's Office staff.
In addition to processing loans for students on the UW Madison campus, we also are responsible for the billing and collection of Perkins Loans which were taken out on the UW Green Bay campus, or a UW Colleges campus. Loans from the majority of other University of Wisconsin campuses are serviced by University Accounting Service.
Vital Statistics - Fiscal Year 2008/09
(Includes only those loans serviced by the Bursar's Office)
| Activity | Borrowers | Amount |
|---|---|---|
| Federal Student Loans Advanced | 8,072 | 7,734,214.68 |
| Institutional Student Loans Advanced | 2,387 | 3,161,812.15 |
| Student Loan Payments Processed | 65,721 | 11,290,569.01 |
| Student Loan Deferments Processed | 15,229 | |
| Student Loan Cancellations Processed | 739 | 871,578.24 |
| Exit Interviews Performed | 4,035 | |
| Outstanding Student Loan Portfolio | 93,872,742.81 | |
| Madison Perkins Student Loan Default Rate | 1.93% |