FSA has announced the release of updated reports on the FSA Data Center, the Department of Education’s central source for data about federal student aid programs. The update includes more than 70 refreshed quarterly reports covering applications, disbursements, and the federal loan portfolio with data through December 31, 2025.
Key Highlights from the Latest Data
- The federal student loan portfolio now totals about $1.7 trillion across 42.8 million borrowers, representing a 3.5% increase compared with December 2024.
- Direct Loans account for more than 90% of the portfolio, while FFEL loans make up less than 10% and Perkins Loans represent a very small share.
- The U.S. Department of Education directly manages over $1.61 trillion in loans across 40.9 million borrower accounts, representing more than 95% of the total federal loan portfolio.
Borrower Status Trends
- About 7.7 million borrowers ($180 billion in loans) are currently in default—similar to levels seen before the COVID-19 payment pause.
- Roughly 45% of borrowers have loans in repayment or delinquency, totaling about $647 billion.
- Approximately 8.8 million borrowers are in forbearance, including more than 6.5 million in the SAVE plan forbearance.
FSA publishes these reports regularly to promote transparency, accountability, and self-service access to federal student aid data for institutions, policymakers, and the public. The reports also include updated information on loan forgiveness and discharge programs and institutions under heightened cash monitoring.
Access the FSA Data Center here.
SOURCE: (GENERAL-26-15) Federal Student Aid Posts Updated Reports to FSA Data Center