Student Loan Statistics 1998/99
Federal Loans and most Long Term Institutional Loans are maintained by a mainframe system which was developed in the 1960's by Madison campus programmers. The system is constantly being updated to accomodate changes in regulations and computer technology.
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 1998/99
(Includes only those loans serviced by the Bursar's Office)
| Activity | Borrowers | Amount |
|---|---|---|
| Federal Loans Advanced | 12,331 | $10,539,065.68 |
| Institutional Loans Advanced | 3,134 | 2,832,191.34 |
| Bills & Notices Produced | 153,187 | |
| Payments Processed | 99,235 | 13,371,397.64 |
| Deferments Processed | 11,334 | |
| Cancellations Processed | 845 | 418,859.56 |
| Exit Interviews Performed | 2,866 | |
| Outstanding Portfolio | 82,581,909.01 | |
| Perkins Default Rate | 1.77% |