Status of Office of Education's National Direct Student Loan Funds at Selected Postsecondary Education Institutions

Enabling legislation for the National Direct Student Loan Program, begun in 1958, intended that schools attain a revolving fund status for this program. The net cumulative federal capital contribution to the program has totalled over $3.6 billion since the program began, with fiscal year 1977 appropriations totaling $323.2 million.