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    [Appendix]
    [Detailed Budget Estimates by Agency]
    [Department of Education]
    [From the U.S. Government Publishing Office, www.gpo.gov]

             <h1>DEPARTMENT OF EDUCATION

             </h1>

          DEPARTMENT OF EDUCATION

             Office of Elementary and Secondary Education

             Federal Funds
             Education for the disadvantagedFor carrying out title I of the Elementary and Secondary Education Act of 1965 (referred to in this Act as "ESEA") and section
                418A of the Higher Education Act of 1965 (referred to in this Act as "HEA"), $16,347,558,000, of which $4,616,122,000 shall become available on July 1, 2018, and shall remain available through September 30, 2019, and of which $11,681,898,000 shall become available on October 1, 2018, and shall remain available through September 30, 2019, for academic year 2018–2019: Provided, That $15,881,458,000 shall be for Part A of title I and shall be made available without regard to section 1002(a) of the ESEA:
                   Provided further, That $6,431,057,000 shall be for basic grants under section 1124 of the ESEA: Provided further, That up to $5,000,000 of these funds shall be available to the Secretary of Education (referred to in this title as "Secretary") on October 1,
                2018, to obtain annually updated local educational agency-level census poverty data from the Bureau of the Census: Provided further, That $1,362,301,000 shall be for concentration grants under section 1124A of the ESEA: Provided further, That $3,544,050,000 shall be for targeted grants under section 1125 of the ESEA: Provided further, That $3,544,050,000 shall be for education finance incentive grants under section 1125A of the ESEA: Provided further, That up to $1,000,000,000 shall be for grants to local educational agencies to implement weighted per-pupil
                   funding systems through a demonstration agreement with the Secretary under Part E of Title I of the ESEA that meets the requirements
                   of section 1501(d) of the ESEA and includes an open enrollment system allowing students to enroll in a public school selected
                   by their parents: Provided further, That the Secretary may establish requirements for such grants related to the implementation
                   of open enrollment systems: Provided further, That notwithstanding section 1501(c)(1) of the ESEA, the Secretary may enter
                   into a demonstration agreement with any local educational agency that meets the requirement for selection under section 1501(c)(2)
                   of the ESEA: Provided further, That the Secretary may reserve up to $10,000,000 for national activities including technical
                   assistance and information dissemination: Provided further, That $44,538,000 shall be for carrying out section 418A of the HEA.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0900–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Grants to local educational agencies
                      14,893
                      14,881
                      14,051

                      0002
                      School improvement grants
                      507
                      449
                      449

                      0003
                      State agency programs: Migrants
                      375
                      374
                      374

                      0004
                      State agency programs:  Neglected and delinquent
                      61
                      47
                      47

                      0006
                      Special programs for migrant students
                      45
                      45
                      45

                      0007
                      Comprehensive literacy development grants

                      190
                      190

                      0008
                      Title I Choice program

                      1,000

                      0900
                      Total new obligations, unexpired accounts
                      15,881
                      15,986
                      16,156

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      525
                      661
                      662

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      5,176
                      5,166
                      4,666

                      Advance appropriations, discretionary:

                      1170
                      Advance appropriation
                      10,841
                      10,821
                      10,841

                      1900
                      Budget authority (total)
                      16,017
                      15,987
                      15,507

                      1930
                      Total budgetary resources available
                      16,542
                      16,648
                      16,169

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      661
                      662
                      13

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      9,429
                      9,686
                      9,220

                      3010
                      New obligations, unexpired accounts
                      15,881
                      15,986
                      16,156

                      3020
                      Outlays (gross)
                      –15,617
                      –16,452
                      –16,043

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –7

                      3050
                      Unpaid obligations, end of year
                      9,686
                      9,220
                      9,333

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      9,429
                      9,686
                      9,220

                      3200
                      Obligated balance, end of year
                      9,686
                      9,220
                      9,333

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      16,017
                      15,987
                      15,507

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      7,546
                      7,781
                      7,775

                      4011
                      Outlays from discretionary balances
                      8,071
                      8,671
                      8,268

                      4020
                      Outlays, gross (total)
                      15,617
                      16,452
                      16,043

                      4180
                      Budget authority, net (total)
                      16,017
                      15,987
                      15,507

                      4190
                      Outlays, net (total)
                      15,617
                      16,452
                      16,043

             SUMMARY OF PROGRAM LEVEL (in millions of dollars)

                         2016–2017 Academic Year
                         2017–2018 Academic Year
                         2018–2019 Academic Year

                         New Budget Authority
                         $5,175
                         $5,165
                         $4,666

                         Advance appropriation
                         10,821
                         10,841
                         11,682

                         Total program level
                         15,996
                         16,006
                         16,348

                         Change in advance appropriation from the previous year
                         –20
                         +20
                         +841

             Grants to local educational agencies.—Funds are allocated via formula for programs that provide academic support to help students in high-poverty schools meet challenging
                State standards. States assess annually all students in certain grades in at least English language arts, mathematics, and
                science; develop systems to differentiate among schools on the basis of performance on those assessments and other indicators;
                provide parents with information on the performance of their child's school; and ensure the development and implementation
                of support and improvement plans for the lowest-performing schools.

             Furthering options for children to unlock success.—Funds would support grants to local educational agencies that agree to promote expanded public school choice through the implementation
                of weighted student funding formulas combined with open enrollment systems.

             State agency migrant program.—Funds support formula grants to States for educational services to children of migratory farmworkers and fishers, with resources
                and services for children who have moved within the past 36 months.

             State agency neglected and delinquent children and youth education program.—Funds support formula grants to States for educational services to neglected or delinquent children and youth in State-run
                institutions, attending community day programs, and in correctional facilities.

             Special programs for migrant students.—Funds support grants to institutions of higher education and nonprofit organizations that assist migrant students in earning
                a high school equivalency certificate or in completing their first year of college.

          Object Classification (in millions of dollars)

                      Identification code 091–0900–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.1
                      Advisory and assistance services
                      4
                      4
                      4

                      25.2
                      Other services from non-Federal sources
                      25
                      25
                      25

                      25.3
                      Other goods and services from Federal sources
                      3
                      4
                      5

                      25.7
                      Operation and maintenance of equipment
                      4
                      3
                      4

                      41.0
                      Grants, subsidies, and contributions
                      15,845
                      15,950
                      16,118

                      99.9
                      Total new obligations, unexpired accounts
                      15,881
                      15,986
                      16,156

             School Readiness

             Impact AidFor carrying out programs of financial assistance to federally affected schools authorized by title VII of the ESEA, $1,236,435,000, of which $1,166,012,000 shall be for basic support payments under section 7003(b), $48,224,000 shall be for payments for children with disabilities under section 7003(d), $17,373,000, to remain available for obligation through September 30, 2019, shall be for construction under section 7007(b), and $4,826,000, to remain available until expended, shall be for facilities maintenance under section 7008: Provided, That for purposes of computing the amount of a payment for an eligible local educational agency under section 7003(a) for school year 2017–2018, children enrolled in a school of such agency that would otherwise be eligible for payment under section 7003(a)(1)(B) of such Act, but due to the deployment of both parents or legal guardians, or a parent or legal guardian having
                sole custody of such children, or due to the death of a military parent or legal guardian while on active duty (so long as
                such children reside on Federal property as described in section 7003(a)(1)(B)), are no longer eligible under such section, shall be considered as eligible students under such section, provided
                such students remain in average daily attendance at a school in the same local educational agency they attended prior to their
                change in eligibility status.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0102–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Basic support payments
                      1,168
                      1,166
                      1,166

                      0002
                      Payments for children with disabilities
                      48
                      48
                      48

                      0091
                      Direct program activities, subtotal
                      1,216
                      1,214
                      1,214

                      0101
                      Facilities maintenance
                      1
                      5
                      5

                      0201
                      Construction
                      35
                      17
                      17

                      0301
                      Payments for Federal property
                      67
                      67

                      0900
                      Total new obligations (object class 41.0)
                      1,319
                      1,303
                      1,236

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      18
                      5
                      5

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,306
                      1,303
                      1,236

                      1930
                      Total budgetary resources available
                      1,324
                      1,308
                      1,241

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5
                      5
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      365
                      431
                      372

                      3010
                      New obligations, unexpired accounts
                      1,319
                      1,303
                      1,236

                      3011
                      Obligations ("upward adjustments"), expired accounts
                      338

                      3020
                      Outlays (gross)
                      –1,252
                      –1,362
                      –1,376

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –339

                      3050
                      Unpaid obligations, end of year
                      431
                      372
                      232

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      365
                      431
                      372

                      3200
                      Obligated balance, end of year
                      431
                      372
                      232

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,306
                      1,303
                      1,236

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1,010
                      1,168
                      1,108

                      4011
                      Outlays from discretionary balances
                      242
                      194
                      268

                      4020
                      Outlays, gross (total)
                      1,252
                      1,362
                      1,376

                      4180
                      Budget authority, net (total)
                      1,306
                      1,303
                      1,236

                      4190
                      Outlays, net (total)
                      1,252
                      1,362
                      1,376

             Impact Aid helps to replace the lost local revenue that would otherwise be available to educate federally connected children.
                The presence of certain students living on Federal property, such as students who are military dependents or who reside on
                Indian lands, can place a financial burden on local educational agencies (LEAs) that educate them. The property on which the
                children live and their parents work is exempt from local property taxes, denying LEAs access to the primary source of revenue
                used by most communities to finance education.

             Basic support payments.—Payments will be made on behalf of more than 750,000 federally connected students enrolled in about 1,100 LEAs to assist
                them in meeting their operation and maintenance costs. Average per-student payments will be approximately $1,500.

             Payments for children with disabilities.—Payments in addition to those provided under the Individuals with Disabilities Education Act (IDEA) will be provided on behalf
                of approximately 51,000 federally connected students with disabilities in about 840 LEAs. Average per-student payments will
                be approximately $950.

             Facilities Maintenance.—Funds will be used to provide emergency repairs for school facilities that serve military dependents and are owned by the
                Department of Education. Funds will also be used to transfer the facilities to LEAs.

             Construction.—Approximately 6 to 10 construction grants will be awarded competitively to the highest-need Impact Aid LEAs for emergency
                repairs and modernization of school facilities.

             School improvement programsFor carrying out school improvement activities authorized by part B of Title I and part B of title V of the ESEA; the McKinney-Vento Homeless Assistance Act; section 203 of the Educational Technical Assistance Act of 2002;
                the Compact of Free Association Amendments Act of 2003; and the Civil Rights Act of 1964, $697,231,000, of which $622,654,000 shall become available on July 1, 2018, and remain available through September 30, 2019: Provided, That $51,347,000 shall be available to carry out section 203 of the Educational Technical Assistance Act of 2002 and the Secretary shall make
                such arrangements as determined to be necessary to ensure that the Bureau of Indian Education has access to services provided
                under this section: Provided further, That $16,667,000 shall be available to carry out the Supplemental Education Grants program for the Federated States of Micronesia and the
                Republic of the Marshall Islands: Provided further, That the Secretary may reserve up to 5 percent of the amount referred to in the previous proviso to provide technical assistance
                in the implementation of these grants: Provided further, That $175,506,000 shall be for part B of title V.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–1000–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Supporting effective instruction State grants
                      2,325
                      2,417
                      1,681

                      0002
                      Mathematics and science partnerships
                      153
                      155

                      0003
                      21st century community learning centers
                      1,163
                      1,174

                      0004
                      State assessments
                      369
                      388
                      377

                      0005
                      Education for homeless children and youths
                      70
                      70
                      70

                      0006
                      Native Hawaiians education
                      33
                      33

                      0007
                      Alaska Native education
                      32
                      32

                      0008
                      Training and advisory services
                      7
                      7
                      7

                      0009
                      Rural education
                      176
                      175
                      175

                      0010
                      Supplemental education grants
                      17
                      17
                      17

                      0011
                      Comprehensive centers
                      51
                      51
                      51

                      0012
                      Pooled evaluation
                      8
                      9

                      0900
                      Total new obligations, unexpired accounts
                      4,404
                      4,528
                      2,378

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      70
                      103

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      2,753
                      2,747
                      697

                      1121
                      Appropriations transferred from other acct [091–0204]
                      3

                      1160
                      Appropriation, discretionary (total)
                      2,756
                      2,747
                      697

                      Advance appropriations, discretionary:

                      1170
                      Advance appropriation
                      1,681
                      1,678
                      1,681

                      1900
                      Budget authority (total)
                      4,437
                      4,425
                      2,378

                      1930
                      Total budgetary resources available
                      4,507
                      4,528
                      2,378

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      103

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      4,707
                      4,747
                      4,933

                      3010
                      New obligations, unexpired accounts
                      4,404
                      4,528
                      2,378

                      3020
                      Outlays (gross)
                      –4,355
                      –4,342
                      –4,402

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –9

                      3050
                      Unpaid obligations, end of year
                      4,747
                      4,933
                      2,909

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4,707
                      4,747
                      4,933

                      3200
                      Obligated balance, end of year
                      4,747
                      4,933
                      2,909

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      4,437
                      4,425
                      2,378

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      925
                      1,062
                      1,023

                      4011
                      Outlays from discretionary balances
                      3,430
                      3,280
                      3,379

                      4020
                      Outlays, gross (total)
                      4,355
                      4,342
                      4,402

                      4180
                      Budget authority, net (total)
                      4,437
                      4,425
                      2,378

                      4190
                      Outlays, net (total)
                      4,355
                      4,342
                      4,402

             SUMMARY OF PROGRAM LEVEL (in millions of dollars)

                         2016–2017 Academic Year
                         2017–2018 Academic Year
                         2018–2019 Academic Year

                         New Budget Authority
                         $2,752
                         $2,747
                         $697

                         Advance Appropriation
                         1678
                         1,681
                         0

                         Total program level
                         4,430
                         4,428
                         697

                         Change in advance appropriation over previous year
                         –3
                         +3
                         –1,681

             State assessments.—Funds would support formula and competitive grants to States to develop and implement assessments that are aligned with college-
                and career-ready academic standards. Funds would also support audits of State and local assessment systems.

             Education for homeless children and youths.—Funds would support activities to ensure that all homeless children and youth have equal access to the same free, appropriate
                public education available to other children.

             Training and advisory services.—Funds support grants to regional equity assistance centers that provide technical assistance to local educational agencies
                (LEAs) in addressing educational equity related to issues of race, sex, national origin, and religion.

             Rural education.—Funds would support formula grants under two programs: the Small, Rural School Achievement program and the Rural and Low-Income
                School program. The Small, Rural School Achievement program provides rural LEAs with small enrollments with additional formula
                funds to carry out activities authorized elsewhere in the Elementary and Secondary Education Act of 1965 (ESEA). Funds under
                the Rural and Low-Income School program, which targets rural LEAs that serve concentrations of poor students, are allocated
                by formula to States, which in turn allocate funds to eligible LEAs.

             Supplemental education grants.—Funds support grants to the Federated States of Micronesia and to the Republic of the Marshall Islands in place of grant
                programs in which those Freely Associated States no longer participate pursuant to the Compact of Free Association Amendments
                Act of 2003.

             Comprehensive centers.—Funds would support a new cohort of Centers that would reflect changing priorities and new demands resulting from the reauthorization
                of the ESEA and that would provide services to the Bureau of Indian Education.

          Object Classification (in millions of dollars)

                      Identification code 091–1000–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      25
                      26
                      13

                      25.3
                      Other goods and services from Federal sources
                      1
                      1
                      1

                      25.7
                      Operation and maintenance of equipment
                      2
                      2
                      1

                      41.0
                      Grants, subsidies, and contributions
                      4,376
                      4,499
                      2,363

                      99.9
                      Total new obligations, unexpired accounts
                      4,404
                      4,528
                      2,378

             Safe schools and citizenship educationFor carrying out activities authorized by subparts 2 and 3 of part F of title IV of the ESEA, $134,857,000: Provided, That $74,857,000 shall be available for  section 4631, and of which up to $5,000,000, to remain available until expended, shall be for the Project School Emergency Response to Violence
                ("Project SERV") program: Provided further, That $60,000,000 shall be available through December 31, 2018 for section 4624.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0203–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      School safety national activities
                      73
                      71
                      70

                      0002
                      Elementary and secondary school counseling
                      50
                      49

                      0003
                      Physical education program
                      47
                      47

                      0004
                      Promise neighborhoods
                      56
                      73
                      73

                      0005
                      Project SERV
                      3
                      9
                      5

                      0500
                      Direct program activities, subtotal
                      229
                      249
                      148

                      0900
                      Total new obligations, unexpired accounts
                      229
                      249
                      148

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      63
                      79
                      74

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      245
                      244
                      135

                      1930
                      Total budgetary resources available
                      308
                      323
                      209

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      79
                      74
                      61

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      318
                      293
                      293

                      3010
                      New obligations, unexpired accounts
                      229
                      249
                      148

                      3020
                      Outlays (gross)
                      –244
                      –249
                      –241

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –10

                      3050
                      Unpaid obligations, end of year
                      293
                      293
                      200

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      318
                      293
                      293

                      3200
                      Obligated balance, end of year
                      293
                      293
                      200

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      245
                      244
                      135

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      4
                      5
                      3

                      4011
                      Outlays from discretionary balances
                      240
                      244
                      238

                      4020
                      Outlays, gross (total)
                      244
                      249
                      241

                      4180
                      Budget authority, net (total)
                      245
                      244
                      135

                      4190
                      Outlays, net (total)
                      244
                      249
                      241

             School safety national activities. Funds support competitive grants and other discretionary activities to foster a safe, secure, and drug-free learning environment
                conducive to teaching and learning; facilitate emergency management and preparedness as well as recovery from traumatic events;
                prevent drug use and violence by students; and otherwise improve student well-being. These activities include efforts to create
                positive school climates and to counter the effects of pervasive violence on students, including by assisting local school
                districts to build and increase their capacity to address the comprehensive behavioral and mental health needs of students.

             Promise neighborhoods. Funds support competitive grants and other activities for projects designed to improve significantly the educational and
                developmental outcomes of children in some of the Nation's most distressed communities through the development and implementation
                of a cradle-through-college-to-career continuum of academic programs and community supports, including effective schools.

          Object Classification (in millions of dollars)

                      Identification code 091–0203–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      6
                      8
                      8

                      25.3
                      Other goods and services from Federal sources
                      1

                      41.0
                      Grants, subsidies, and contributions
                      222
                      241
                      140

                      99.9
                      Total new obligations, unexpired accounts
                      229
                      249
                      148

             Indian educationFor expenses necessary to carry out, to the extent not otherwise provided, title VI, part A of the ESEA, $143,665,000, of which $5,554,000 shall be for subpart 3 of part A of title VI, and of which $37,921,000 shall be for subpart 2 of part
                   A of title VI: Provided, That the Secretary may make awards under subpart 3 of part A of title VI without regard to the funding
                   limitation in section 6133(b)(1).
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0101–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Grants to local educational agencies
                      100
                      100
                      100

                      0002
                      Special programs for Indian children
                      38
                      38
                      38

                      0003
                      National activities
                      6
                      6
                      6

                      0900
                      Total new obligations, unexpired accounts
                      144
                      144
                      144

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      144
                      144
                      144

                      1930
                      Total budgetary resources available
                      144
                      144
                      144

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      131
                      156
                      143

                      3010
                      New obligations, unexpired accounts
                      144
                      144
                      144

                      3020
                      Outlays (gross)
                      –116
                      –157
                      –144

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      156
                      143
                      143

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      131
                      156
                      143

                      3200
                      Obligated balance, end of year
                      156
                      143
                      143

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      144
                      144
                      144

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3
                      7
                      7

                      4011
                      Outlays from discretionary balances
                      113
                      150
                      137

                      4020
                      Outlays, gross (total)
                      116
                      157
                      144

                      4180
                      Budget authority, net (total)
                      144
                      144
                      144

                      4190
                      Outlays, net (total)
                      116
                      157
                      144

             The Indian Education programs support the efforts of local educational agencies (LEA), tribes, and Indian organizations to
                improve teaching and learning for the Nation's American Indian and Alaska Native children.

             Grants to local educational agencies.—Formula grants support LEAs in their efforts to enhance and supplement elementary and secondary school programs that serve
                Indian students, with the goal of ensuring that such programs assist participating students in meeting the same academic standards
                as all other students.

             Special programs for Indian children.—Funds support competitive awards for Native Youth Community Projects under the Demonstration Grants authority to improve
                the college- and career-readiness of Native youth, as well as professional development grants for training Native American
                teachers and administrators for employment in school districts with concentrations of Indian students.

             National activities.—Funds support research, evaluation, data collection, and related activities, grants for Native language immersion schools
                and programs, and grants to tribes for education administrative planning, development, and coordination.

          Object Classification (in millions of dollars)

                      Identification code 091–0101–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      2
                      2
                      2

                      41.0
                      Grants, subsidies, and contributions
                      142
                      142
                      142

                      99.9
                      Total new obligations, unexpired accounts
                      144
                      144
                      144

             Education Jobs Fund

             Office of Innovation and Improvement

             Federal Funds
             Innovation and improvementFor carrying out activities authorized by subpart 1 of part B and section 2242 of title II and parts C and D and subpart 1 of part F of title IV of the ESEA, $1,208,026,000: Provided, That $241,563,000 shall be for subpart 1 of part B and section 2242 of title II and shall be made available without
                   regard to sections 2201 and 2241: Provided further, That $596,463,000 shall be for parts C and D of title IV and shall be
                   made available without regard to sections 4311 and 4409(a): Provided further, That of the funds available for part C of title
                   IV, the Secretary shall use not more than $100,000,000 to carry out section 4304 and not more than $155,000,000 to carry out
                   section 4305, of which not more than $25,000,000 shall be used to carry out the activities in section 4305(a)(3): Provided further, That $370,000,000 shall be available through December 31,  2018 for subpart 1 of part F of title IV: Provided further, That funds provided under subpart 1 of part F of title IV may be used to support the demonstration and evaluation
                   of projects awarding scholarships to students from low-income families to attend a private school, including a private religious
                   school, selected by their parents that meets other requirements established by the Secretary.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0204–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Education, innovation, and research
                      129
                      119
                      370

                      0002
                      Teacher and school leader incentive fund
                      229
                      230
                      200

                      0003
                      School leader recruitment and support
                      16
                      16

                      0004
                      Charter school grants
                      316
                      333
                      500

                      0005
                      Credit enhancement for charter school facilities
                      16

                      0006
                      Magnet school assistance
                      96
                      96
                      96

                      0007
                      Advanced placement
                      28
                      28

                      0008
                      Ready to learn programming
                      26
                      27

                      0009
                      Fund for the Improvement of Education:  Programs of national significance
                      52
                      51

                      0010
                      Arts in education
                      27
                      27

                      0011
                      American history and civics academies
                      2
                      2

                      0012
                      Preschool development grants
                      253
                      250

                      0013
                      Supporting effective educator development (SEED)

                      42

                      0799
                      Total direct obligations
                      1,190
                      1,179
                      1,208

                      0801
                      DC schools/SOAR Act
                      60
                      45
                      45

                      0900
                      Total new obligations, unexpired accounts
                      1,250
                      1,224
                      1,253

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      396
                      389
                      390

                      1021
                      Recoveries of prior year unpaid obligations
                      20

                      1050
                      Unobligated balance (total)
                      416
                      389
                      390

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,181
                      1,179
                      1,208

                      1120
                      Appropriations transferred to other acct [091–1000]
                      –3

                      1160
                      Appropriation, discretionary (total):
                      1,178
                      1,179
                      1,208

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      45
                      46
                      46

                      1900
                      Budget authority (total)
                      1,223
                      1,225
                      1,254

                      1930
                      Total budgetary resources available
                      1,639
                      1,614
                      1,644

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      389
                      390
                      391

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3,125
                      2,835
                      2,054

                      3010
                      New obligations, unexpired accounts
                      1,250
                      1,224
                      1,253

                      3020
                      Outlays (gross)
                      –1,497
                      –2,005
                      –1,295

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –20

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –23

                      3050
                      Unpaid obligations, end of year
                      2,835
                      2,054
                      2,012

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3,125
                      2,835
                      2,054

                      3200
                      Obligated balance, end of year
                      2,835
                      2,054
                      2,012

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,223
                      1,225
                      1,254

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      6
                      25
                      25

                      4011
                      Outlays from discretionary balances
                      1,491
                      1,980
                      1,270

                      4020
                      Outlays, gross (total)
                      1,497
                      2,005
                      1,295

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –45
                      –46
                      –46

                      4180
                      Budget authority, net (total)
                      1,178
                      1,179
                      1,208

                      4190
                      Outlays, net (total)
                      1,452
                      1,959
                      1,249

             Education innovation and research.—Funds would support grants to local educational agencies (LEAs), State educational agencies (SEAs), the Bureau of Indian
                Education (BIE), consortia of LEAs or SEAs, or nonprofit organizations; or consortia of SEAs, LEAs, or the BIE with a nonprofit
                organization, a business, an educational service agency, or an institution of higher education designed to improve the achievement
                and attainment of high-need students. A portion of the funds would support efforts to test and build evidence for the effectiveness
                of private school choice as a strategy for: 1) expanding school choices for parents who wish to send their children to high
                quality private schools; 2) improving educational outcomes for students from low-income families or students enrolled in persistently
                low-performing schools; and 3) increasing competition in order to improve the quality and performance of all schools.

             Teacher and school leader incentive grants.—Funds would support grants to develop, implement, improve, or expand human capital management systems or performance-based
                compensation systems, especially in high-need schools.

             Supporting effective educator development.—Funds would support competitive grants to institutions of higher education, national nonprofit entities, and the BIE to
                provide educators with evidence-based professional development and to support pathways that allow educators with nontraditional
                preparation and certification to obtain employment in traditionally underserved local educational agencies.

             Charter schools grants.—Funds would support competitive grants for the opening of new charter schools and the replication and expansion of high-quality
                charter schools. Funds would also support information dissemination activities and competitive grants to improve charter schools'
                access to facilities.

             Magnet schools assistance.—Funds would support competitive grants to LEAs to establish and operate magnet school programs that are part of an approved
                desegregation plan.

          Object Classification (in millions of dollars)

                      Identification code 091–0204–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.1
                      Advisory and assistance services
                      1
                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      17
                      17
                      16

                      25.3
                      Other goods and services from Federal sources
                      1
                      1
                      1

                      25.5
                      Research and development contracts
                      4
                      4
                      4

                      41.0
                      Grants, subsidies, and contributions
                      1,167
                      1,156
                      1,186

                      99.0
                      Direct obligations
                      1,190
                      1,179
                      1,208

                      99.0
                      Reimbursable obligations
                      60
                      45
                      45

                      99.9
                      Total new obligations, unexpired accounts
                      1,250
                      1,224
                      1,253

             Office of English Language Acquisition

             Federal Funds
             English Language AcquisitionFor carrying out part A of title III of the ESEA, $735,998,000, which shall become available on July 1, 2018, and shall remain available through September 30, 2019, except that 6.5 percent of such amount shall be available on October 1, 2017, and shall remain available through September 30, 2019, to carry out activities under section 3111(c)(1)(C).
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–1300–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      English language acquisition grants
                      739
                      736
                      736

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      12
                      10
                      10

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      737
                      736
                      736

                      1930
                      Total budgetary resources available
                      749
                      746
                      746

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      10
                      10
                      10

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,071
                      1,071
                      1,017

                      3010
                      New obligations, unexpired accounts
                      739
                      736
                      736

                      3020
                      Outlays (gross)
                      –739
                      –790
                      –739

                      3050
                      Unpaid obligations, end of year
                      1,071
                      1,017
                      1,014

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,071
                      1,071
                      1,017

                      3200
                      Obligated balance, end of year
                      1,071
                      1,017
                      1,014

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      737
                      736
                      736

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      5
                      7
                      7

                      4011
                      Outlays from discretionary balances
                      734
                      783
                      732

                      4020
                      Outlays, gross (total)
                      739
                      790
                      739

                      4180
                      Budget authority, net (total)
                      737
                      736
                      736

                      4190
                      Outlays, net (total)
                      739
                      790
                      739

             Language acquisition State grants.—This program supports formula grants to States to improve services for English Learners. States are accountable for demonstrating
                that English Learners are making progress toward proficiency in English and meeting the same high State academic standards
                as all other students. Funds also support national activities, including professional development to increase the supply of
                high-quality teachers of English Learners and a national information clearinghouse on English language acquisition.

          Object Classification (in millions of dollars)

                      Identification code 091–1300–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      4
                      4
                      4

                      41.0
                      Grants, subsidies, and contributions
                      735
                      732
                      732

                      99.9
                      Total new obligations, unexpired accounts
                      739
                      736
                      736

             Office of Special Education and Rehabilitative Services

             Federal Funds
             Special education For carrying out the Individuals with Disabilities Education Act (IDEA), $12,942,126,000, of which $2,591,321,000 shall become available on July 1, 2018, and shall remain available through September 30, 2019, and of which $10,124,103,000 shall become available on October 1, 2018, and shall remain available through September 30, 2019, for academic year 2018–2019: Provided, That the amount for section 611(b)(2) of the IDEA shall be equal to the lesser of the amount available for that activity
                during fiscal year 2017, increased by the amount of inflation as specified in section 619(d)(2)(B) of the IDEA, or the percent change in the funds
                appropriated under section 611(i) of the IDEA, but not less than the amount for that activity during fiscal year 2017: Provided further, That the Secretary shall, without regard to section 611(d) of the IDEA, distribute to all other States (as that term is
                defined in section 611(g)(2)), subject to the third proviso, any amount by which a State's allocation under section 611, from funds appropriated under this heading, is reduced under section 612(a)(18)(B), according to the following: 85 percent
                on the basis of the States' relative populations of children aged 3 through 21 who are of the same age as children with disabilities
                for whom the State ensures the availability of a free appropriate public education under this part, and 15 percent to States
                on the basis of the States' relative populations of those children who are living in poverty: Provided further, That the Secretary may not distribute any funds under the previous proviso to any State whose reduction in allocation from
                funds appropriated under this heading made funds available for such a distribution: Provided further, That the States shall allocate such funds distributed under the second proviso to local educational agencies in accordance
                with section 611(f): Provided further, That the amount by which a State's allocation under section 611(d) of the IDEA is reduced under section 612(a)(18)(B) and
                the amounts distributed to States under the previous provisos in fiscal year 2012 or any subsequent year shall not be considered
                in calculating the awards under section 611(d) for fiscal year 2013 or for any subsequent fiscal years: Provided further, That, notwithstanding the provision in section 612(a)(18)(B) regarding the fiscal year in which a State's allocation under
                section 611(d) is reduced for failure to comply with the requirement of section 612(a)(18)(A), the Secretary may apply the
                reduction specified in section 612(a)(18)(B) over a period of consecutive fiscal years, not to exceed five, until the entire
                reduction is applied: Provided further, That the Secretary may, in any fiscal year in which a State's allocation under section 611 is reduced in accordance with
                section 612(a)(18)(B), reduce the amount a State may reserve under section 611(e)(1) by an amount that bears the same relation
                to the maximum amount described in that paragraph as the reduction under section 612(a)(18)(B) bears to the total allocation
                the State would have received in that fiscal year under section 611(d) in the absence of the reduction: Provided further, That the Secretary shall either reduce the allocation of funds under section 611 for any fiscal year following the fiscal
                year for which the State fails to comply with the requirement of section 612(a)(18)(A) as authorized by section 612(a)(18)(B),
                or seek to recover funds under section 452 of the General Education Provisions Act (20 U.S.C. 1234a): Provided further, That the funds reserved under 611(c) of the IDEA may be used to provide technical assistance to States to improve the capacity
                of the States to meet the data collection requirements of sections 616 and 618 and to administer and carry out other services
                and activities to improve data collection, coordination, quality, and use under parts B and C of the IDEA: Provided further, That the Secretary may use funds made available for the State Personnel Development Grants program under part D, subpart
                1 of IDEA to evaluate program performance under such subpart.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0300–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Grants to States
                      11,917
                      11,872
                      11,049

                      0002
                      Preschool grants
                      368
                      367
                      367

                      0003
                      Grants for infants and families
                      459
                      458
                      458

                      0091
                      Subtotal, State grants
                      12,744
                      12,697
                      11,874

                      0101
                      State personnel development
                      42
                      42
                      42

                      0102
                      Technical assistance and dissemination
                      44
                      44
                      44

                      0103
                      Personnel preparation
                      84
                      84
                      84

                      0104
                      Parent information centers
                      27
                      27
                      27

                      0105
                      Educational technology, media, and materials
                      30
                      30
                      30

                      0191
                      Subtotal, National activities
                      227
                      227
                      227

                      0201
                      Special Olympics education program
                      10
                      10

                      0900
                      Total new obligations, unexpired accounts
                      12,981
                      12,934
                      12,101

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4

                      18

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      3,694
                      3,686
                      2,818

                      Advance appropriations, discretionary:

                      1170
                      Advance appropriation
                      9,283
                      9,266
                      9,283

                      1900
                      Budget authority (total)
                      12,977
                      12,952
                      12,101

                      1930
                      Total budgetary resources available
                      12,981
                      12,952
                      12,119

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year

                      18
                      18

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      6,733
                      7,146
                      7,811

                      3010
                      New obligations, unexpired accounts
                      12,981
                      12,934
                      12,101

                      3020
                      Outlays (gross)
                      –12,560
                      –12,269
                      –12,772

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –8

                      3050
                      Unpaid obligations, end of year
                      7,146
                      7,811
                      7,140

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      6,733
                      7,146
                      7,811

                      3200
                      Obligated balance, end of year
                      7,146
                      7,811
                      7,140

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      12,977
                      12,952
                      12,101

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      6,586
                      6,290
                      6,259

                      4011
                      Outlays from discretionary balances
                      5,974
                      5,979
                      6,513

                      4020
                      Outlays, gross (total)
                      12,560
                      12,269
                      12,772

                      4180
                      Budget authority, net (total)
                      12,977
                      12,952
                      12,101

                      4190
                      Outlays, net (total)
                      12,560
                      12,269
                      12,772

             SUMMARY OF IDEA FORMULA GRANTS PROGRAM LEVELS [in millions of dollars]

                         2016–2017 Academic Year
                         2017–2018 Academic Year
                         2018–2019 Academic Year

                         Current Budget Authority
                         $3,456
                         $3,432
                         $2,591

                         Advance appropriation
                         9,266
                         9,283
                         10,124

                         Total program level
                         12,722
                         12,715
                         12,715

                         Change in advance appropriation from the previous year
                         –17
                         +17
                         +841

             Grants to States.—Formula grants are provided to States to assist them in providing special education and related services to children with
                disabilities ages 3 through 21.

             Preschool grants.—Formula grants provide additional funds to States to further assist them in providing special education and related services
                to children with disabilities ages 3 through 5 served under the Grants to States program. The goal of both of the Grants to
                States and the Preschool grants programs is to improve results for children with disabilities by assisting State and local
                educational agencies (LEAs) to provide children with disabilities with access to high quality education that will help them
                meet challenging standards and prepare them for employment and independent living. Under current law, LEAs may reserve up
                to 15 percent of the funds they receive under Part B of the Individuals with Disabilities Education Act to provide coordinated
                early intervening services to children in grades kindergarten through 12.

             Grants for infants and families.—Formula grants are provided to assist States to implement statewide systems of coordinated, comprehensive, multi-disciplinary
                interagency programs to provide early intervention services to children with disabilities, birth through age two, and their
                families. The goal of this program is to help States provide a comprehensive system of early intervention services that will
                enhance child and family outcomes.

             National activities.—Funds are provided for personnel preparation and development, technical assistance, and other activities to support State
                efforts to improve results for children with disabilities under the State Grants programs. The goal of National Activities
                is to link States, school systems, and families to best practices to improve results for infants, toddlers, and children with
                disabilities.

             Performance data related to program goals include:
             Basis for Leaving Special Education for Youth with Disabilities Ages 14 and Older

                         2012–2013 Actual
                         2013–2014 Actual
                         2014–2015 Actual

                         Status of Exiting Students

                         Percent / number of students with disabilities aged 14–21 exiting special education:

                         Graduated with a diploma
                         41.9% / 257,982
                         42.2% / 258,969
                         45.2% / 252,172

                         Graduated through certification
                         9.2% / 56,399
                         8.6% / 53,031
                         6.7% / 37,590

                         Transferred to regular education
                         9.4% / 57,639
                         9.2% / 56,552
                         9.7% / 53,999

                         Dropped out of school/not known to continue
                         12.1% / 74,502
                         11.8% / 72,251
                         11.6% / 64,850

                         Moved, but known to have continued in education
                         26.5% / 162,887
                         27.2% / 167,187
                         25.6% / 142,847

                         Reached maximum age for services/other
                         .9% / 5,839
                         1.0% / 5,935
                         1.1% / 6,054

                         Total
                         100% / 615,248
                         100% / 613,925
                         100% / 557,512

             Note-Percentages may not add to 100% due to rounding.

          Object Classification (in millions of dollars)

                      Identification code 091–0300–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      3
                      2
                      2

                      41.0
                      Grants, subsidies, and contributions
                      12,978
                      12,932
                      12,099

                      99.9
                      Total new obligations, unexpired accounts
                      12,981
                      12,934
                      12,101

             Rehabilitation servicesFor carrying out, to the extent not otherwise provided, the Rehabilitation Act of 1973 and the Helen Keller National Center
                Act, $3,563,008,000, of which $3,452,931,000 shall be for grants for vocational rehabilitation services under title I of the Rehabilitation Act: Provided, That the Secretary may use amounts provided in this Act that remain available subsequent to the reallotment of funds to
                States pursuant to section 110(b) of the Rehabilitation Act for innovative activities aimed at improving the outcomes of individuals
                with disabilities as defined in section 7(20)(B) of the Rehabilitation Act, including activities aimed at improving the education
                and post-school outcomes of children receiving Supplemental Security Income ("SSI") and their families that may result in
                long-term improvement in the SSI child recipient's economic status and self-sufficiency: Provided further, That States may award subgrants for a portion of the funds to other public and private, nonprofit entities: Provided further, That any funds made available subsequent to reallotment for innovative activities aimed at improving the outcomes of individuals
                with disabilities shall remain available until September 30, 2019.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0301–0–1–506
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Vocational rehabilitation State grants
                      3,163
                      3,165
                      3,453

                      0002
                      Client assistance State grants
                      13
                      13
                      13

                      0003
                      Supported employment State grants
                      27
                      27

                      0004
                      Training
                      30
                      30
                      30

                      0005
                      Demonstration and Training Programs
                      6
                      6
                      6

                      0006
                      Independent Living
                      33
                      33
                      33

                      0007
                      Protection and advocacy of individual rights
                      17
                      18
                      18

                      0008
                      Helen Keller National Center
                      10
                      10
                      10

                      0009
                      Disability innovation fund
                      40

                      0100
                      Total direct program
                      3,339
                      3,302
                      3,563

                      0900
                      Total new obligations, unexpired accounts
                      3,339
                      3,302
                      3,563

                      Budgetary resources:

                      Unobligated balance:

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      40

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      138
                      138
                      110

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      3,392
                      3,399
                      3,453

                      1230
                      Appropriations and/or unobligated balance of appropriations permanently reduced
                      –231
                      –235

                      1260
                      Appropriations, mandatory (total)
                      3,161
                      3,164
                      3,453

                      1900
                      Budget authority (total)
                      3,299
                      3,302
                      3,563

                      1930
                      Total budgetary resources available
                      3,339
                      3,302
                      3,563

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,074
                      2,173
                      1,898

                      3010
                      New obligations, unexpired accounts
                      3,339
                      3,302
                      3,563

                      3011
                      Obligations ("upward adjustments"), expired accounts
                      3

                      3020
                      Outlays (gross)
                      –3,163
                      –3,577
                      –3,434

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –80

                      3050
                      Unpaid obligations, end of year
                      2,173
                      1,898
                      2,027

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,074
                      2,173
                      1,898

                      3200
                      Obligated balance, end of year
                      2,173
                      1,898
                      2,027

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      138
                      138
                      110

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      65
                      69
                      55

                      4011
                      Outlays from discretionary balances
                      68
                      41
                      69

                      4020
                      Outlays, gross (total)
                      133
                      110
                      124

                      Mandatory:

                      4090
                      Budget authority, gross
                      3,161
                      3,164
                      3,453

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      1,565
                      1,582
                      1,726

                      4101
                      Outlays from mandatory balances
                      1,465
                      1,885
                      1,584

                      4110
                      Outlays, gross (total)
                      3,030
                      3,467
                      3,310

                      4180
                      Budget authority, net (total)
                      3,299
                      3,302
                      3,563

                      4190
                      Outlays, net (total)
                      3,163
                      3,577
                      3,434

             Vocational rehabilitation State grants.—The basic State grants program provides Federal matching funds to State vocational rehabilitation (VR) agencies to assist
                individuals with physical or mental impairments to become gainfully employed. Services are tailored to the specific needs
                of the individual. Priority is given to serving those with the most significant disabilities. In 2016, State VR agencies assisted
                an estimated 186,715 individuals with disabilities to obtain an employment outcome, about 94 percent of whom were individuals
                with significant disabilities. VR State Grants is a core program of the workforce development system under the Workforce Innovation
                and Opportunity Act (WIOA) and a 4required partner in the one-stop service delivery system for accessing employment and training
                services. Amendments made by WIOA require State VR agencies to reserve and use at least 15 percent of their Federal grant
                allotment to support pre-employment transition services for students with disabilities provided in accordance with new section
                113 of the Rehabilitation Act. Between 1.0 percent and 1.5 percent of the funds appropriated for the VR State grants program
                must be set aside for Grants for Indians.

             The request for the VR State Grants program includes the CPIU adjustment specified in the authorizing statute. The 2018 request
                also includes language that would allow the Secretary to use amounts provided in this Act for the VR State Grants program
                that remain available subsequent to the reallotment of funds to States pursuant to section 110(b) of the Rehabilitation Act
                to support innovative activities aimed at improving outcomes for individuals with disabilities, including activities under
                the Promoting Readiness of Minors in Supplemental Security Income program.

             Client assistance State grants.—Formula grants are made to States to provide assistance in informing and advising clients and applicants about benefits
                available under the Rehabilitation Act and, if requested, to pursue legal or administrative remedies to ensure the protection
                of the rights of individuals with disabilities.

             Training.—Grants are made to States and public or nonprofit agencies and organizations, including institutions of higher education,
                to increase the number of skilled personnel available for employment in the field of rehabilitation and to upgrade the skills
                of those already employed.

             Demonstration and training programs.—Competitive grants and contracts are awarded to expand and improve the provision and effectiveness of programs and services
                authorized under the Rehabilitation Act or further the purposes of the Act in promoting the employment and independence of
                individuals with disabilities in the community. Funds are used to support model demonstrations, technical assistance, and
                projects designed to improve program performance and the delivery of vocational rehabilitation and independent living services.

             Independent living services for older individuals who are blind.—Grants are awarded to States to assist individuals over the age of 55 with severe visual disabilities to adjust to their
                disability and increase their ability to care for their own needs.

             Protection and advocacy of individual rights.—Formula grants are made to State protection and advocacy systems to protect the legal and human rights of individuals with
                disabilities.

             Helen Keller National Center for Deaf-Blind Youths and Adults.—The Center provides services to deaf-blind youths and adults and provides training and technical assistance to professional
                and allied personnel at its national headquarters center and through its regional representatives and affiliate agencies.

          Object Classification (in millions of dollars)

                      Identification code 091–0301–0–1–506
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.1
                      Advisory and assistance services

                      1
                      1

                      41.0
                      Grants, subsidies, and contributions
                      3,339
                      3,301
                      3,562

                      99.9
                      Total new obligations, unexpired accounts
                      3,339
                      3,302
                      3,563

             Special Institutions for Persons With Disabilities
             american printing house for the blindFor carrying out the Act to Promote the Education of the Blind of March 3, 1879, $25,383,000.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0600–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      American printing house for the blind
                      25
                      25
                      25

                      0900
                      Total new obligations (object class 41.0)
                      25
                      25
                      25

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      25
                      25
                      25

                      1930
                      Total budgetary resources available
                      25
                      25
                      25

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      6
                      4
                      5

                      3010
                      New obligations, unexpired accounts
                      25
                      25
                      25

                      3020
                      Outlays (gross)
                      –27
                      –24
                      –25

                      3050
                      Unpaid obligations, end of year
                      4
                      5
                      5

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      6
                      4
                      5

                      3200
                      Obligated balance, end of year
                      4
                      5
                      5

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      25
                      25
                      25

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      21
                      19
                      19

                      4011
                      Outlays from discretionary balances
                      6
                      5
                      6

                      4020
                      Outlays, gross (total)
                      27
                      24
                      25

                      4180
                      Budget authority, net (total)
                      25
                      25
                      25

                      4190
                      Outlays, net (total)
                      27
                      24
                      25

             The Federal appropriation supports: the production and distribution of free educational materials for students below the college
                level who are blind; research related to developing and improving products; and advisory services to consumer organizations
                on the availability and use of materials. In 2016, the portion of the Federal appropriation allocated to educational materials
                represented approximately 63 percent of the Printing House's total sales. The full 2016 appropriation represented approximately
                72 percent of the Printing House's total budget.

             National technical institute for the deafFor the National Technical Institute for the Deaf under titles I and II of the Education of the Deaf Act of 1986, $69,883,000: Provided, That from the total amount available, the Institute may at its discretion use funds for the endowment program as authorized
                under section 207 of such Act.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0601–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Operations
                      70
                      70
                      70

                      0900
                      Total new obligations (object class 41.0)
                      70
                      70
                      70

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      70
                      70
                      70

                      1930
                      Total budgetary resources available
                      70
                      70
                      70

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1
                      2

                      3010
                      New obligations, unexpired accounts
                      70
                      70
                      70

                      3020
                      Outlays (gross)
                      –69
                      –72
                      –70

                      3050
                      Unpaid obligations, end of year
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      2

                      3200
                      Obligated balance, end of year
                      2

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      70
                      70
                      70

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      68
                      70
                      70

                      4011
                      Outlays from discretionary balances
                      1
                      2

                      4020
                      Outlays, gross (total)
                      69
                      72
                      70

                      4180
                      Budget authority, net (total)
                      70
                      70
                      70

                      4190
                      Outlays, net (total)
                      69
                      72
                      70

             This residential program provides postsecondary technical and professional education for individuals who are deaf or hard
                of hearing, provides training, and conducts applied research into employment-related aspects of deafness. In 2016, the Federal
                appropriation represented approximately 70 percent of the Institute's operating budget. The 2018 request includes funds that
                may be used for the Endowment Grant program.

             gallaudet universityFor the Kendall Demonstration Elementary School, the Model Secondary School for the Deaf, and the partial support of Gallaudet
                University under titles I and II of the Education of the Deaf Act of 1986, $121,044,000: Provided, That from the total amount available, the University may at its discretion use funds for the endowment program as authorized
                under section 207 of such Act.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0602–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Operations
                      121
                      121
                      121

                      0900
                      Total new obligations (object class 41.0)
                      121
                      121
                      121

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      121
                      121
                      121

                      1930
                      Total budgetary resources available
                      121
                      121
                      121

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      20

                      3010
                      New obligations, unexpired accounts
                      121
                      121
                      121

                      3020
                      Outlays (gross)
                      –141
                      –121
                      –121

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      20

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      121
                      121
                      121

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      121
                      121
                      121

                      4011
                      Outlays from discretionary balances
                      20

                      4020
                      Outlays, gross (total)
                      141
                      121
                      121

                      4180
                      Budget authority, net (total)
                      121
                      121
                      121

                      4190
                      Outlays, net (total)
                      141
                      121
                      121

             This institution provides undergraduate, continuing education, and graduate programs for students who are deaf, hard of hearing,
                and hearing. The University also conducts basic and applied research and provides public service programs for persons with
                hearing loss and persons who work with them.

             Gallaudet operates the Laurent Clerc National Deaf Education Center, which includes elementary and secondary education programs
                on the main campus of the University serving students who are deaf or hard of hearing. The Kendall Demonstration Elementary
                School serves students from birth through grade 8, and the Model Secondary School for the Deaf serves high school students
                in grades 9 through 12. The Clerc Center also develops and disseminates information on effective educational techniques and
                strategies for teachers and professionals working with students who are deaf or hard of hearing.

             In 2016, the appropriation for Gallaudet represented approximately 70 percent of total revenue for the University. Approximately
                25 percent of the Federal appropriation was used to support activities at the Clerc Center, which received nearly 100 percent
                of its revenue through the appropriation. In addition, the University receives other Federal funds such as student financial
                aid, vocational rehabilitation, Endowment Grant program income, and competitive grants and contracts. The 2018 request includes
                funds that may be used for the Endowment Grant program.

             Office of Career, Technical, and Adult Education

             Federal Funds
             Career, technical, and adult educationFor carrying out, to the extent not otherwise provided, the Adult Education and Family Literacy Act ("AEFLA"), $499,535,000, which shall become available on July 1, 2018, and shall remain available through September 30, 2019: Provided, That of the amounts made available for AEFLA, $13,686,000 shall be for national leadership activities under section 242.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0400–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Career and Technical Education State Grants
                      1,117
                      1,111
                      791

                      0002
                      Career and Technical Education National Activities
                      7
                      7

                      0091
                      Subtotal, Career and Technical
                      1,124
                      1,118
                      791

                      0101
                      Adult Basic and Literacy Education State Grants
                      583
                      581
                      486

                      0102
                      Adult Education National Leadership Activities
                      14
                      13
                      14

                      0191
                      Subtotal, Adult Education
                      597
                      594
                      500

                      0201
                      Performance Partnership Pilots
                      2
                      2

                      0799
                      Total direct obligations
                      1,723
                      1,714
                      1,291

                      0801
                      Reimbursable program activity
                      1
                      1

                      0900
                      Total new obligations, unexpired accounts
                      1,724
                      1,715
                      1,291

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      27
                      27
                      29

                      1011
                      Unobligated balance transfer from other acct [016–0174]
                      1

                      1050
                      Unobligated balance (total)
                      28
                      27
                      29

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      930
                      928
                      500

                      Advance appropriations, discretionary:

                      1170
                      Advance appropriation
                      791
                      789
                      791

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      3

                      1701
                      Change in uncollected payments, Federal sources
                      –1

                      1750
                      Spending auth from offsetting collections, disc (total):
                      2

                      1900
                      Budget authority (total)
                      1,723
                      1,717
                      1,291

                      1930
                      Total budgetary resources available
                      1,751
                      1,744
                      1,320

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      27
                      29
                      29

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,402
                      1,439
                      1,459

                      3010
                      New obligations, unexpired accounts
                      1,724
                      1,715
                      1,291

                      3020
                      Outlays (gross)
                      –1,682
                      –1,695
                      –1,740

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –5

                      3050
                      Unpaid obligations, end of year
                      1,439
                      1,459
                      1,010

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –1

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,401
                      1,439
                      1,459

                      3200
                      Obligated balance, end of year
                      1,439
                      1,459
                      1,010

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,723
                      1,717
                      1,291

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      570
                      598
                      579

                      4011
                      Outlays from discretionary balances
                      1,112
                      1,097
                      1,161

                      4020
                      Outlays, gross (total)
                      1,682
                      1,695
                      1,740

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –3

                      Additional offsets against gross budget authority only:

                      4050
                      Change in uncollected pymts, Fed sources, unexpired
                      1

                      4070
                      Budget authority, net (discretionary)
                      1,721
                      1,717
                      1,291

                      4080
                      Outlays, net (discretionary)
                      1,679
                      1,695
                      1,740

                      4180
                      Budget authority, net (total)
                      1,721
                      1,717
                      1,291

                      4190
                      Outlays, net (total)
                      1,679
                      1,695
                      1,740

          Summary of Budget Authority and Outlays (in millions of dollars)

                      2016 actual
                      2017 est.
                      2018 est.

                      Enacted/requested:

                      Budget Authority
                      1,721
                      1,717
                      1,291

                      Outlays
                      1,679
                      1,695
                      1,740

                      Legislative proposal, not subject to PAYGO:

                      Budget Authority

                      186

                      Outlays

                      9

                      Total:

                      Budget Authority
                      1,721
                      1,717
                      1,477

                      Outlays
                      1,679
                      1,695
                      1,749

             SUMMARY OF PROGRAM LEVEL
             (in millions of dollars)

                         2016–17 Academic Year
                         2017–18 Academic Year
                         2018–19 Academic Year

                         New Budget Authority
                         $930
                         $926
                         $685

                         Advance Appropriation
                         789
                         791
                         791

                         Total program level
                         1,719
                         1,717
                         1,476

                         Change in advance appropriation over previous year
                         –2
                         +2
                         0

             The Administration is proposing legislation reauthorizing the Carl D. Perkins Career and Technical Education Act of 2006,
                including programs in this account. When new authorizing legislation is enacted, resources will be requested for these programs.
                See the "Legislative proposal, not subject to PAYGO" schedule for additional details.

             Adult education:
             Adult education State programs.—Funds support formula grants to States to help eliminate functional illiteracy among the Nation's adults, to assist adults
                in obtaining a high school diploma or its equivalent, and to promote family literacy. A portion of the funds is reserved for
                formula grants to States to provide English literacy and civics education for immigrants and other limited English proficient
                adults.

             Adult education national leadership activities.—Funds support discretionary activities to evaluate the effectiveness of Federal, State, and local adult education programs,
                and to test and demonstrate methods of improving program quality.

          Object Classification (in millions of dollars)

                      Identification code 091–0400–0–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.1
                      Advisory and assistance services
                      7
                      1
                      1

                      25.2
                      Other services from non-Federal sources

                      21
                      50

                      25.3
                      Other goods and services from Federal sources

                      1
                      1

                      25.5
                      Research and development contracts
                      8

                      25.7
                      Operation and maintenance of equipment
                      2

                      41.0
                      Grants, subsidies, and contributions
                      1,707
                      1,692
                      1,239

                      99.9
                      Total new obligations, unexpired accounts
                      1,724
                      1,715
                      1,291

             Career, Technical and Adult Education

             (Legislative proposal, not subject to PAYGO)Program and Financing (in millions of dollars)

                      Identification code 091–0400–2–1–501
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Career and technical education State grants

                      159

                      0002
                      Career and technical education national programs

                      27

                      0900
                      Total new obligations, unexpired accounts (object class 41.0)

                      186

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation

                      186

                      1900
                      Budget authority (total)

                      186

                      1930
                      Total budgetary resources available

                      186

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      New obligations, unexpired accounts

                      186

                      3020
                      Outlays (gross)

                      –9

                      3050
                      Unpaid obligations, end of year

                      177

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      177

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      186

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      9

                      4180
                      Budget authority, net (total)

                      186

                      4190
                      Outlays, net (total)

                      9

             Career and Technical Education:

             Career and technical education State grants.—Funds would support formula grants to States to expand and improve career and technical education (CTE) in high schools,
                technical schools, and community colleges.

             Career and technical education national programs.—Funds would support research, development, demonstration, dissemination, evaluation, and assessment activities aimed at
                improving the quality and effectiveness of CTE. A portion of the funds would support a competition to promote innovation and
                reform in CTE.

             Office of Postsecondary Education

             Federal Funds
             Higher educationFor carrying out, to the extent not otherwise provided, titles  III, IV, V,  and VII of the HEA, $1,537,033,000: Provided, That up to 1.5 percent of the funds made available under chapter 2 of subpart 2 of part A of title IV of the HEA may be
                used for evaluation.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0201–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Strengthening institutions
                      87
                      86

                      0002
                      Strengthening tribally controlled colleges and universities
                      56
                      56
                      57

                      0003
                      Strengthening Alaska Native- and Native Hawaiian-serving institutions
                      29
                      28
                      29

                      0004
                      Strengthening historically Black colleges and universities (HBCUs)
                      324
                      323
                      329

                      0005
                      Strengthening historically Black graduate institutions
                      63
                      63
                      63

                      0007
                      Strengthening predominantly Black institutions
                      24
                      24
                      25

                      0008
                      Strengthening Asian American- and Native American Pacific Islander-serving institutions
                      8
                      8
                      8

                      0009
                      Strengthening Native American-serving nontribal institutions
                      7
                      8
                      8

                      0010
                      Minority science and engineering improvement
                      10
                      10
                      10

                      0091
                      Subtotal, aid for institutional development
                      608
                      606
                      529

                      0101
                      Developing Hispanic-serving institutions
                      108
                      108
                      108

                      0102
                      Developing Hispanic-serving institution STEM and articulation programs
                      92
                      93
                      100

                      0103
                      Promoting baccalaureate opportunities for Hispanic Americans
                      10
                      10
                      10

                      0104
                      International education and foreign language studies
                      72
                      72

                      0105
                      FIPSE/First in the World
                      1

                      0106
                      Model transition programs for students with intellectual disabilities into higher education
                      12
                      12
                      12

                      0107
                      Tribally controlled postsecondary career and technical institutions
                      8
                      8

                      0191
                      Subtotal, other aid for institutions
                      303
                      303
                      230

                      0201
                      Federal TRIO programs
                      900
                      898
                      808

                      0202
                      Gaining early awareness and readiness for undergraduate programs (GEAR UP)
                      323
                      322
                      219

                      0203
                      Graduate assistance in areas of national need
                      29
                      29
                      6

                      0204
                      Child care access means parents in school
                      15
                      15

                      0291
                      Subtotal, assistance for students
                      1,267
                      1,264
                      1,033

                      0301
                      Teacher quality partnership
                      43
                      43

                      0900
                      Total new obligations, unexpired accounts
                      2,221
                      2,216
                      1,792

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1
                      1
                      121

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      1
                      1

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      123
                      120
                      130

                      1050
                      Unobligated balance (total)
                      124
                      121
                      251

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,982
                      1,978
                      1,537

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      255
                      238
                      255

                      1230
                      Appropriations and/or unobligated balance of appropriations permanently reduced
                      –17

                      1260
                      Appropriations, mandatory (total)
                      238
                      238
                      255

                      1900
                      Budget authority (total)
                      2,220
                      2,216
                      1,792

                      1930
                      Total budgetary resources available
                      2,344
                      2,337
                      2,043

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –122

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      121
                      251

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3,116
                      3,190
                      3,147

                      3010
                      New obligations, unexpired accounts
                      2,221
                      2,216
                      1,792

                      3020
                      Outlays (gross)
                      –2,120
                      –2,259
                      –2,243

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –27

                      3050
                      Unpaid obligations, end of year
                      3,190
                      3,147
                      2,696

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3,116
                      3,190
                      3,147

                      3200
                      Obligated balance, end of year
                      3,190
                      3,147
                      2,696

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,982
                      1,978
                      1,537

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      34
                      59
                      46

                      4011
                      Outlays from discretionary balances
                      1,790
                      1,891
                      1,930

                      4020
                      Outlays, gross (total)
                      1,824
                      1,950
                      1,976

                      Mandatory:

                      4090
                      Budget authority, gross
                      238
                      238
                      255

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      7
                      8

                      4101
                      Outlays from mandatory balances
                      296
                      302
                      259

                      4110
                      Outlays, gross (total)
                      296
                      309
                      267

                      4180
                      Budget authority, net (total)
                      2,220
                      2,216
                      1,792

                      4190
                      Outlays, net (total)
                      2,120
                      2,259
                      2,243

          Summary of Budget Authority and Outlays (in millions of dollars)

                      2016 actual
                      2017 est.
                      2018 est.

                      Enacted/requested:

                      Budget Authority
                      2,220
                      2,216
                      1,792

                      Outlays
                      2,120
                      2,259
                      2,243

                      Legislative proposal, not subject to PAYGO:

                      Budget Authority

                      8

                      Total:

                      Budget Authority
                      2,220
                      2,216
                      1,800

                      Outlays
                      2,120
                      2,259
                      2,243

             Aid for institutional development:
             Strengthening tribally controlled colleges and universities.—Discretionary and mandatory funds support grants to American Indian tribally controlled colleges and universities with scarce
                resources to enable them to improve and expand their capacity to serve students and to strengthen management and fiscal operations.

             Strengthening Alaska Native and Native Hawaiian-serving institutions.—Discretionary and mandatory funds support Alaska Native and Native Hawaiian-serving institutions to enable them to improve
                and expand their capacity to serve students and to strengthen management and fiscal operations.

             Strengthening historically Black colleges and universities.—Discretionary and mandatory funds support grants to help historically Black undergraduate institutions to improve and expand
                their capacity to serve students and to strengthen management and fiscal operations.

             Strengthening historically Black graduate institutions.—Funds support grants to help historically Black graduate institutions to improve and expand their capacity to serve students
                and to strengthen management and fiscal operations.

             Strengthening predominantly Black institutions.—Discretionary and mandatory funds support grants to predominantly Black institutions to improve and expand their capacity
                to serve students.

             Strengthening Asian American- and Native American Pacific Islander-serving institutions.—Discretionary and mandatory funds support grants to help Asian American and Native American Pacific Islander-serving institutions
                improve and expand their capacity to serve students and to strengthen management and fiscal operations.

             Strengthening Native American-serving nontribal institutions.—Discretionary and mandatory funds support grants to help Native American-serving nontribal institutions improve and expand
                their capacity to serve students and to strengthen management and fiscal operations.

             Minority science and engineering improvement.—Funds support grants to predominantly minority institutions to help them make long-range improvements in science and engineering
                education and to increase the participation of minorities in scientific and technological careers.

             Aid for Hispanic-serving institutions:
             Developing Hispanic-serving institutions.—Funds support Hispanic-serving institutions to help them improve and expand their capacity to serve students.

             Developing Hispanic-serving institutions Science, Technology, Engineering, and Math and articulation programs.—Mandatory funds support Hispanic-serving institutions to help them improve and expand their capacity to serve students with
                priority given to applications that propose to increase the number of Hispanics and other low-income students attaining degrees
                in the fields of science, technology, engineering, or mathematics; and to develop model transfer and articulation agreements
                between 2-year Hispanic-serving institutions and 4-year institutions in such fields.

             Promoting postbaccalaureate opportunities for Hispanic Americans.—Discretionary funds support Hispanic-serving Institutions to help them expand and improve postbaccalaureate educational
                opportunities.

             Other aid for institutions:
             Model transition programs for students with intellectual disabilities into higher education.—Funds support grants to institutions of higher education or consortia of such institutions to create or expand high quality,
                inclusive model comprehensive transition and postsecondary programs for students with intellectual disabilities.

             Assistance for students:
             Federal TRIO programs.—Funds support postsecondary education outreach and student support services to help individuals from disadvantaged backgrounds
                prepare for, enter, and complete college and graduate studies.

             Gaining early awareness and readiness for undergraduate programs.—Funds support early college preparation and awareness activities at the State and local levels to ensure that low-income
                elementary and secondary school students are prepared for and pursue postsecondary education.

             Graduate assistance in areas of national need.—Funds support fellowships to graduate students of superior ability who have financial need for study in areas of national
                need.

          Object Classification (in millions of dollars)

                      Identification code 091–0201–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      4
                      5

                      25.3
                      Other goods and services from Federal sources
                      1
                      1

                      25.5
                      Research and development contracts
                      2
                      3
                      3

                      25.7
                      Operation and maintenance of equipment
                      2
                      1
                      2

                      41.0
                      Grants, subsidies, and contributions
                      2,212
                      2,206
                      1,787

                      99.9
                      Total new obligations, unexpired accounts
                      2,221
                      2,216
                      1,792

             Higher Education

             (Legislative proposal, not subject to PAYGO)Program and Financing (in millions of dollars)

                      Identification code 091–0201–2–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0107
                      Tribally controlled postsecondary career and technical institutions

                      8

                      0900
                      Total new obligations, unexpired accounts (object class 41.0)

                      8

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation

                      8

                      1930
                      Total budgetary resources available

                      8

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      New obligations, unexpired accounts

                      8

                      3050
                      Unpaid obligations, end of year

                      8

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      8

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      8

                      4180
                      Budget authority, net (total)

                      8

                      4190
                      Outlays, net (total)

             Tribally controlled postsecondary career and technical institutions.—Funds support the operation and improvement of eligible tribally controlled postsecondary career institutions to ensure continued
                and expanded educational opportunities for Indian students.

             Howard UniversityFor partial support of Howard University, $221,399,000, of which not less than $3,405,000 shall be for a matching endowment grant pursuant to the Howard University Endowment Act
                and shall remain available until expended.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0603–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      General support
                      195
                      194
                      194

                      0002
                      Howard University Hospital
                      27
                      27
                      27

                      0900
                      Total new obligations (object class 41.0)
                      222
                      221
                      221

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      222
                      221
                      221

                      1930
                      Total budgetary resources available
                      222
                      221
                      221

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      4
                      5
                      3

                      3010
                      New obligations, unexpired accounts
                      222
                      221
                      221

                      3020
                      Outlays (gross)
                      –221
                      –223
                      –221

                      3050
                      Unpaid obligations, end of year
                      5
                      3
                      3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4
                      5
                      3

                      3200
                      Obligated balance, end of year
                      5
                      3
                      3

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      222
                      221
                      221

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      218
                      219
                      219

                      4011
                      Outlays from discretionary balances
                      3
                      4
                      2

                      4020
                      Outlays, gross (total)
                      221
                      223
                      221

                      4180
                      Budget authority, net (total)
                      222
                      221
                      221

                      4190
                      Outlays, net (total)
                      221
                      223
                      221

             Howard University is a private, nonprofit institution of higher education consisting of 13 schools and colleges. Federal funds
                are used to provide partial support for University programs as well as for the Howard University Hospital, a teaching facility.
                In 2016, the Federal appropriation represented approximately 30 percent of the University's revenue and 10 percent of the
                Hospital's revenue.

             College housing and academic facilities loans programFor Federal administrative expenses to carry out activities related to existing facility loans pursuant to section 121 of
                the HEA, $434,000.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

             Historically Black College and University Capital Financing Program AccountFor the cost of guaranteed loans, $20,112,000, as authorized pursuant to part D of title III of the HEA, which shall remain available through September 30, 2019: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget
                Act of 1974: Provided further, That these funds are available to subsidize total loan principal, any part of which is to be guaranteed, not to exceed $313,513,000: Provided further, That these funds may be used to support loans to public and private Historically Black Colleges and Universities without
                regard to the limitations within section 344(a) of the HEA.
          In addition, for administrative expenses to carry out the Historically Black College and University Capital Financing Program
                entered into pursuant to part D of title III of the HEA, $333,000.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0241–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0701
                      Direct loan subsidy
                      9
                      20
                      20

                      0705
                      Reestimates of direct loan subsidy
                      17
                      145

                      0706
                      Interest on reestimates of direct loan subsidy
                      5
                      56

                      0709
                      Administrative expenses

                      1
                      1

                      0900
                      Total new obligations (object class 41.0)
                      31
                      222
                      21

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      19
                      20
                      25

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      19
                      20

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      21
                      21
                      21

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      22
                      206

                      1900
                      Budget authority (total)
                      43
                      227
                      21

                      1930
                      Total budgetary resources available
                      62
                      247
                      46

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –11

                      1941
                      Unexpired unobligated balance, end of year
                      20
                      25
                      25

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      33
                      32
                      35

                      3010
                      New obligations, unexpired accounts
                      31
                      222
                      21

                      3020
                      Outlays (gross)
                      –23
                      –219
                      –17

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –9

                      3050
                      Unpaid obligations, end of year
                      32
                      35
                      39

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      33
                      32
                      35

                      3200
                      Obligated balance, end of year
                      32
                      35
                      39

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      21
                      21
                      21

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1
                      5
                      5

                      4011
                      Outlays from discretionary balances

                      8
                      12

                      4020
                      Outlays, gross (total)
                      1
                      13
                      17

                      Mandatory:

                      4090
                      Budget authority, gross
                      22
                      206

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      22
                      206

                      4180
                      Budget authority, net (total)
                      43
                      227
                      21

                      4190
                      Outlays, net (total)
                      23
                      219
                      17

          Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)

                      Identification code 091–0241–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115002
                      Historically Black Colleges and Universities
                      128
                      282
                      314

                      115999
                      Total direct loan levels
                      128
                      282
                      314

                      Direct loan subsidy (in percent):

                      132002
                      Historically Black Colleges and Universities
                      6.67
                      7.14
                      6.42

                      132999
                      Weighted average subsidy rate
                      6.67
                      7.14
                      6.42

                      Direct loan subsidy budget authority:

                      133002
                      Historically Black Colleges and Universities
                      9
                      20
                      20

                      133999
                      Total subsidy budget authority
                      9
                      20
                      20

                      Direct loan subsidy outlays:

                      134002
                      Historically Black Colleges and Universities

                      9
                      9

                      134999
                      Total subsidy outlays

                      9
                      9

                      Direct loan reestimates:

                      135002
                      Historically Black Colleges and Universities
                      17
                      –39

                      135003
                      HBCU Hurricane Supplemental
                      –13
                      185

                      135999
                      Total direct loan reestimates
                      4
                      146

                      Administrative expense data:

                      3510
                      Budget authority
                      1
                      1
                      1

                      3590
                      Outlays from new authority
                      1
                      1
                      1

             As required by the Federal Credit Reform Act of 1990, this account records the subsidy costs associated with the direct loans
                obligated and loan guarantees committed in 1992 and beyond, as well as any administrative expenses for the College Housing
                and Academic Facilities Loans (CHAFL) Program and the Historically Black College and University (HBCU) Capital Financing Program.
                The subsidy amounts are estimated on a present value basis; the administrative expenses are on a cash basis. These programs
                are administered separately but consolidated in the Budget for presentation purposes.

             College housing and academic facilities loans program.—Funds for this activity pay the Federal costs of administering CHAFL, College Housing Loans (CHL), and Higher Education
                Facilities Loans (HEFL) programs. Prior to 1994, these programs provided financing for the construction, reconstruction, and
                renovation of housing, academic, and other educational facilities. Although no new loans have been awarded since 1993, the
                Department of Education will incur costs for administering the outstanding loans through 2030.

             Historically Black college and university (HBCU) capital financing program.—The HBCU Capital Financing Program provides HBCUs with access to capital financing for the repair, renovation, and construction
                of classrooms, libraries, laboratories, dormitories, instructional equipment, and research instrumentation. The authorizing
                statute gives the Department authority to enter into insurance agreements with a private for-profit Designated Bonding Authority.
                The bonding authority issues the loans and maintains an escrow account in which five percent of each institution's principal
                is deposited. The Budget requests $20.1 million in new loan subsidies, allowing the program to guarantee an estimated $314
                million in new loans in 2018. The Budget also requests a 2-year period of availability for this loan subsidy. In addition,
                the Budget requests funds for the Federal costs of administering the program and providing technical assistance activities
                that improve the financial stability of HBCUs.

          Employment Summary

                      Identification code 091–0241–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      1001
                      Direct civilian full-time equivalent employment

                      3

             College Housing and Academic Facilities Loans Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 091–4252–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0713
                      Payment of interest to Treasury

                      1
                      1

                      0900
                      Total new obligations, unexpired accounts

                      1
                      1

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      1
                      1

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      1
                      1
                      1

                      1930
                      Total budgetary resources available
                      1
                      2
                      2

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      New obligations, unexpired accounts

                      1
                      1

                      3020
                      Outlays (gross)

                      –1
                      –1

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      1
                      1
                      1

                      Financing disbursements:

                      4110
                      Outlays, gross (total)

                      1
                      1

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4123
                      Interest repayments
                      –1
                      –1
                      –1

                      4180
                      Budget authority, net (total)

                      4190
                      Outlays, net (total)
                      –1

          Status of Direct Loans (in millions of dollars)

                      Identification code 091–4252–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      5
                      5
                      5

                      1290
                      Outstanding, end of year
                      5
                      5
                      5

          Balance Sheet (in millions of dollars)

                      Identification code 091–4252–0–3–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      Net value of assets related to post-1991 direct loans receivable:

                      1401
                      Direct loans receivable, gross
                      5
                      5

                      1405
                      Allowance for subsidy cost (-)
                      –1
                      –1

                      1499
                      Net present value of assets related to direct loans
                      4
                      4

                      1999
                      Total assets
                      4
                      4

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt
                      4
                      4

                      4999
                      Total liabilities and net position
                      4
                      4

             College Housing and Academic Facilities Loans Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 091–0242–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0713
                      Payment of interest to Treasury
                      3
                      4
                      4

                      0900
                      Total new obligations, unexpired accounts (object class 43.0)
                      3
                      4
                      4

                      Budgetary resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      1
                      1
                      1

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      14
                      15
                      15

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund
                      –8
                      –8
                      –8

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –4
                      –4
                      –4

                      1850
                      Spending auth from offsetting collections, mand (total)
                      2
                      3
                      3

                      1900
                      Budget authority (total)
                      3
                      4
                      4

                      1930
                      Total budgetary resources available
                      3
                      4
                      4

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1
                      1
                      1

                      3010
                      New obligations, unexpired accounts
                      3
                      4
                      4

                      3020
                      Outlays (gross)
                      –3
                      –4
                      –4

                      3050
                      Unpaid obligations, end of year
                      1
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      1
                      1

                      3200
                      Obligated balance, end of year
                      1
                      1
                      1

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      3
                      4
                      4

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      1
                      4
                      4

                      4101
                      Outlays from mandatory balances
                      2

                      4110
                      Outlays, gross (total)
                      3
                      4
                      4

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –14
                      –15
                      –15

                      4180
                      Budget authority, net (total)
                      –11
                      –11
                      –11

                      4190
                      Outlays, net (total)
                      –11
                      –11
                      –11

          Status of Direct Loans (in millions of dollars)

                      Identification code 091–0242–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      129
                      125
                      121

                      1251
                      Repayments: Repayments and prepayments
                      –4
                      –4
                      –4

                      1290
                      Outstanding, end of year
                      125
                      121
                      117

             As required by the Federal Credit Reform Act of 1990, the College Housing and Academic Facilities Loans Liquidating Account
                records all cash flows to and from the Government resulting from direct loans obligated prior to 1992. This account includes
                loans made under the College Housing and Academic Facilities Loans, College Housing Loans, and Higher Education Facilities
                Loans programs, which continue to be administered separately.

          Balance Sheet (in millions of dollars)

                      Identification code 091–0242–0–1–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      1601
                      Direct loans, gross
                      129
                      125

                      1602
                      Interest receivable
                      2
                      3

                      1699
                      Value of assets related to direct loans
                      131
                      128

                      1999
                      Total assets
                      131
                      128

                      LIABILITIES:

                      Federal liabilities:

                      2103
                      Debt
                      26
                      21

                      2104
                      Resources payable to Treasury
                      105
                      107

                      2999
                      Total liabilities
                      131
                      128

                      4999
                      Total liabilities and net position
                      131
                      128

             Historically Black College and University Capital Financing Direct Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 091–4255–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0004
                      Interest paid to Treasury (FFB)
                      43
                      30
                      30

                      0005
                      Katrina Mod expenses
                      2

                      0091
                      Direct program activities, subtotal
                      45
                      30
                      30

                      Credit program obligations:

                      0710
                      Direct loan obligations
                      128
                      282
                      314

                      0742
                      Downward reestimates paid to receipt accounts
                      3
                      42

                      0743
                      Interest on downward reestimates
                      14
                      14

                      0791
                      Direct program activities, subtotal
                      145
                      338
                      314

                      0900
                      Total new obligations, unexpired accounts
                      190
                      368
                      344

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      200
                      177
                      356

                      1023
                      Unobligated balances applied to repay debt
                      –6

                      1050
                      Unobligated balance (total)
                      194
                      177
                      356

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      128
                      282
                      314

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      137
                      310
                      104

                      1801
                      Change in uncollected payments, Federal sources
                      –22

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –70
                      –45
                      –45

                      1850
                      Spending auth from offsetting collections, mand (total)
                      45
                      265
                      59

                      1900
                      Budget authority (total)
                      173
                      547
                      373

                      1930
                      Total budgetary resources available
                      367
                      724
                      729

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      177
                      356
                      385

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      236
                      236
                      379

                      3010
                      New obligations, unexpired accounts
                      190
                      368
                      344

                      3020
                      Outlays (gross)
                      –190
                      –225
                      –190

                      3050
                      Unpaid obligations, end of year
                      236
                      379
                      533

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –22

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      22

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      214
                      236
                      379

                      3200
                      Obligated balance, end of year
                      236
                      379
                      533

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      173
                      547
                      373

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      190
                      225
                      190

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –22
                      –210
                      –9

                      4122
                      Interest on uninvested funds
                      –8
                      –20
                      –20

                      4123
                      Interest repayments
                      –31
                      –30
                      –30

                      4123
                      Principal repayments
                      –76
                      –50
                      –45

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –137
                      –310
                      –104

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      22

                      4160
                      Budget authority, net (mandatory)
                      58
                      237
                      269

                      4170
                      Outlays, net (mandatory)
                      53
                      –85
                      86

                      4180
                      Budget authority, net (total)
                      58
                      237
                      269

                      4190
                      Outlays, net (total)
                      53
                      –85
                      86

          Status of Direct Loans (in millions of dollars)

                      Identification code 091–4255–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority
                      128
                      282
                      314

                      1150
                      Total direct loan obligations
                      128
                      282
                      314

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      1,383
                      1,435
                      1,503

                      1231
                      Disbursements: Direct loan disbursements
                      128
                      123
                      158

                      1251
                      Repayments: Repayments and prepayments
                      –76
                      –55
                      –55

                      1290
                      Outstanding, end of year
                      1,435
                      1,503
                      1,606

             As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Federal
                Government resulting from direct loans obligated in 1996 and beyond. The Federal Financing Bank (FFB) purchases bonds issued
                by the Historically Black College and University (HBCU) Designated Bonding Authority. Under the policies governing Federal
                credit programs, bonds purchased by the FFB and supported by the Department of Education with a letter of credit create the
                equivalent of a Federal direct loan. HBCU bonds are also available for purchase by the private sector, and these will be treated
                as loan guarantees. However, the Department anticipates that all HBCU loans will be financed by the FFB. The amounts in this
                account are a means of financing and are not included in the budget totals.

          Balance Sheet (in millions of dollars)

                      Identification code 091–4255–0–3–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      151
                      150

                      Net value of assets related to post-1991 direct loans receivable:

                      1401
                      Direct loans receivable, gross
                      1,383
                      1,435

                      1402
                      Interest receivable
                      9
                      12

                      1405
                      Allowance for subsidy cost (-)
                      –151
                      –150

                      1499
                      Net present value of assets related to direct loans
                      1,241
                      1,297

                      1999
                      Total assets
                      1,392
                      1,447

                      LIABILITIES:

                      Federal liabilities:

                      2102
                      Interest payable
                      9
                      12

                      2103
                      Debt
                      1,383
                      1,435

                      2999
                      Total liabilities
                      1,392
                      1,447

                      4999
                      Total liabilities and net position
                      1,392
                      1,447

             Office of Federal Student Aid

             Federal Funds
             Student financial assistanceFor carrying out subpart 1 of part A, and part C of title IV of the HEA, $22,932,626,000, which shall remain available through September 30, 2019.
          The maximum Pell Grant for which a student shall be eligible during award year 2018–2019 shall be $4,860.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0200–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0101
                      Federal Pell grants
                      29,106
                      29,143
                      29,549

                      0201
                      Federal supplemental educational opportunity grants (SEOG)
                      733
                      732

                      0202
                      Federal work-study
                      990
                      988
                      500

                      0291
                      Campus-based activities - Subtotal
                      1,723
                      1,720
                      500

                      0900
                      Total new obligations (object class 41.0)
                      30,829
                      30,863
                      30,049

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      10,431
                      8,669
                      9,102

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      10,431
                      7,095

                      1021
                      Recoveries of prior year unpaid obligations
                      28

                      1050
                      Unobligated balance (total)
                      10,459
                      8,669
                      9,102

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      24,198
                      24,153
                      22,933

                      1131
                      Unobligated balance of appropriations permanently reduced

                      –3,900

                      1160
                      Appropriation, discretionary (total)
                      24,198
                      24,153
                      19,033

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      4,841
                      7,143
                      7,056

                      1900
                      Budget authority (total)
                      29,039
                      31,296
                      26,089

                      1930
                      Total budgetary resources available
                      39,498
                      39,965
                      35,191

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      8,669
                      9,102
                      5,142

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      18,568
                      19,450
                      22,093

                      3010
                      New obligations, unexpired accounts
                      30,829
                      30,863
                      30,049

                      3011
                      Obligations ("upward adjustments"), expired accounts
                      89

                      3020
                      Outlays (gross)
                      –29,882
                      –28,220
                      –27,342

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –28

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –126

                      3050
                      Unpaid obligations, end of year
                      19,450
                      22,093
                      24,800

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      18,568
                      19,450
                      22,093

                      3200
                      Obligated balance, end of year
                      19,450
                      22,093
                      24,800

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      24,198
                      24,153
                      19,033

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3,054
                      3,103
                      2,931

                      4011
                      Outlays from discretionary balances
                      20,800
                      18,680
                      17,782

                      4020
                      Outlays, gross (total)
                      23,854
                      21,783
                      20,713

                      Mandatory:

                      4090
                      Budget authority, gross
                      4,841
                      7,143
                      7,056

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      2,078
                      2,486
                      1,807

                      4101
                      Outlays from mandatory balances
                      3,950
                      3,951
                      4,822

                      4110
                      Outlays, gross (total)
                      6,028
                      6,437
                      6,629

                      4180
                      Budget authority, net (total)
                      29,039
                      31,296
                      26,089

                      4190
                      Outlays, net (total)
                      29,882
                      28,220
                      27,342

          Status of Direct Loans (in millions of dollars)

                      Identification code 091–0200–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      347
                      383
                      396

                      1251
                      Repayments: Repayments and prepayments
                      –38
                      –34
                      –35

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)
                      74
                      47
                      46

                      1290
                      Outstanding, end of year
                      383
                      396
                      407

             Notes.—Figures include, in all years, institutional matching share of defaulted notes assigned from institutions to the Education
                Department.

             Funding from the Student Financial Assistance account and related matching funds would provide more than 7.6 million awards
                totaling more than $29.3 billion in available aid in award year 2017–2018.

             Federal Pell grants.—Pell Grants are the single largest source of grant aid for postsecondary education. Funding for this program is provided
                from two sources: discretionary and mandatory budget authority provided by the College Cost Reduction and Access Act, as amended,
                and changes to the Higher Education Act of 1965 made in the 2012 appropriations act.

             In 2018, over 7.2 million undergraduates will receive up to $4,860 from the discretionary award and an additional $1,060 from
                the mandatory add-on to help pay for postsecondary education. Undergraduate students establish eligibility for these grants
                under award and need determination rules set out in the authorizing statute and annual appropriations act. The 2018 Budget
                request includes $22.4 billion in discretionary funding for Pell Grants in 2018, which, when combined with mandatory funding,
                will support a projected maximum award of $5,920.

             The Budget supports year-round Pell Grant eligibility to allow students the opportunity to earn a third semester of Pell Grant
                support—up to an additional 50 percent of their regular Pell Grant award—during an award year in which they have exhausted
                their eligibility and enroll in additional coursework, ensuring that students can accelerate their studies and enter the workforce
                on time.

             Federal supplemental educational opportunity grants (SEOG).—Federal funds are awarded by formula to qualifying institutions, which use these funds to award grants to undergraduate
                students. While institutions have discretion in awarding these funds, they are required to give priority to Pell Grant recipients
                and other students with exceptional need. The Federal share of these grants cannot exceed 75 percent of the total grant. The
                2018 Budget proposes to eliminate this program, since it is largely duplicative of the Pell Grant program while at the same
                time delivering need-based aid in a much less targeted way.

             Federal work-study.—Federal funds are awarded by formula to qualifying institutions, which provide part-time jobs to eligible undergraduate
                and graduate students. Hourly earnings under this program must be at least the Federal minimum wage. Federal funding, in most
                cases, pays 75 percent of a student's hourly wages, with the remaining 25 percent paid by the employer. The Federal Work-Study
                program also requires participating institutions to use at least seven percent of their total funds for students employed
                in community service jobs. The 2018 Budget includes $500.0 million for Work-Study, which would generate $553.7 million in
                aid to 332,600 students. The President's 2018 Budget proposes to reform the poorly targeted Work Study program to ensure funds
                go to undergraduate students who would benefit most.

             Federal Perkins loans.—Institutions award low-interest loans from institutional revolving funds, which comprise Federal Capital Contributions,
                institutional matching funds, and student repayments on outstanding loans. No new Federal Capital Contributions have been
                appropriated since 2004, and the program was authorized through September 30, 2017 by the Federal Perkins Loan Program Extension
                Act of 2015. The program will no longer be authorized beginning in fiscal year 2018 and no new loans will be disbursed.

             Iraq and Afghanistan service grants.—This program provides non-need-based grants to students whose parent or guardian was a member of the Armed Forces and died
                in Iraq or Afghanistan as a result of performing military service after September 11, 2001. Grants are equal to the maximum
                Pell Grant for a given award year, which is $5,920 for the 2017–2018 award year.

             Funding tables.—The following tables display student aid funds available, the number of aid awards, average awards, and the unduplicated
                count of recipients from each Federal student aid program. Loan amounts reflect the amount actually loaned to borrowers, not
                the Federal cost of these loans. The data in these tables include matching funds wherever appropriate. The 2018 data in these
                tables reflect the Administration's Budget proposals.

             AID FUNDS AVAILABLE FOR POSTSECONDARY EDUCATION AND TRAINING [in thousands of dollars]

                         2016
                         2017
                         2018

                         Pell grants
                         $26,861,935
                         $26,899,285
                         $28,806,595

                         Student loans:

                         Subsidized Stafford loans
                         22,423,476
                         22,564,588
                         14,527,755

                         Unsubsidized Stafford loans (Undergraduates)
                         23,553,227
                         24,007,177
                         34,802,893

                         Unsubsidized Stafford loans (Graduate students)
                         27,089,724
                         27,643,355
                         29,636,572

                         Unsubsidized Stafford loans (total)
                         50,642,951
                         51,650,532
                         64,439,464

                         Parent PLUS loans
                         12,934,325
                         13,342,751
                         14,307,688

                         Grad PLUS loans
                         9,461,308
                         9,891,181
                         11,485,771

                         PLUS loans (total)
                         22,395,632
                         23,233,931
                         25,793,459

                         Consolidation
                         45,633,297
                         46,927,103
                         48,200,819

                         Perkins loans
                         782,230
                         782,230
                         0

                         Student loans, subtotal
                         141,877,586
                         145,158,384
                         152,961,497

                         Work-study
                         1,096,080
                         1,093,997
                         553,728

                         Supplemental educational opportunity grants
                         992,875
                         990,987
                         0

                         Iraq and Afghanistan service grants
                         432
                         484
                         559

                         TEACH grants
                         91,000
                         92,804
                         101,173

                         Total aid available
                         170,919,908
                         174,235,941
                         182,423,553

             NUMBER OF AID AWARDS [in thousands]

                         2016
                         2017
                         2018

                         Pell grants
                         7,213
                         7,143
                         7,281

                         Subsidized Stafford loans
                         6,894
                         6,934
                         4,081

                         Unsubsidized Stafford loans (Undergraduates)
                         6,940
                         7,009
                         7,868

                         Unsubsidized Stafford loans (Graduate students)
                         1,918
                         1,945
                         2,031

                         Parent PLUS loans
                         1,005
                         1,020
                         1,070

                         Grad PLUS loans
                         562
                         572
                         620

                         Consolidation loans
                         813
                         821
                         826

                         Perkins loans
                         316
                         253
                         0

                         Work-study
                         635
                         634
                         333

                         Supplemental educational opportunity grants
                         1,530
                         1,527
                         0

                         Iraq and Afghanistan service grants
                         01
                         01
                         01

                         TEACH grants
                         32
                         32
                         33

                         Total awards
                         27,859
                         27,891
                         24,143

             1Number of recipients is fewer than 1,000. Numbers may not add due to rounding.
             AVERAGE AID AWARDS [in whole dollars]

                         2016
                         2017
                         2018

                         Pell grants
                         3,724
                         3,766
                         3,956

                         Subsidized Stafford loans
                         3,252
                         3,254
                         3,560

                         Unsubsidized Stafford loans (Undergraduates)
                         3,394
                         3,425
                         4,423

                         Unsubsidized Stafford loans (Graduate students)
                         14,121
                         14,211
                         14,591

                         Parent PLUS loans
                         12,865
                         13,087
                         13,366

                         Grad PLUS loans
                         16,832
                         17,285
                         18,522

                         Consolidation loans
                         56,103
                         57,141
                         58,327

                         Perkins loans
                         2,479
                         3,086
                         0

                         Work-study
                         1,726
                         1,726
                         1,665

                         Supplemental educational opportunity grants
                         649
                         649
                         0

                         Iraq and Afghanistan service grants
                         4,909
                         4,990
                         5,375

                         TEACH grants
                         2,885
                         2,885
                         3,084

             NUMBER OF STUDENTS AIDED [in thousands]

                         2016
                         2017
                         2018

                         Unduplicated student count
                         11,869
                         11,899
                         12,220

             ADMINISTRATIVE PAYMENTS TO INSTITUTIONS [in thousands of dollars]

                         2016
                         2017
                         2018

                         Pell grants
                         36,065
                         35,715
                         36,405

                         Work-study
                         48,621
                         48,528
                         24,563

                         Supplemental educational opportunity grants
                         14,524
                         14,496
                         0

                         Perkins loans
                         36,428
                         36,428
                         0

             Student aid administrationFor Federal administrative expenses to carry out part D of title I, and subparts 1, 3, 9, and 10 of part A, and parts B, C,
                D, and E of title IV of the HEA, and subpart 1 of part A of title VII of the Public Health Service Act, $1,697,711,000, to remain available through September 30, 2019.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0202–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Student aid administration
                      735
                      694
                      680

                      0002
                      Discretionary servicing activities
                      838
                      857
                      1,018

                      0900
                      Total new obligations, unexpired accounts
                      1,573
                      1,551
                      1,698

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2
                      2

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      2

                      1021
                      Recoveries of prior year unpaid obligations
                      23

                      1050
                      Unobligated balance (total)
                      25
                      2

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,552
                      1,549
                      1,698

                      1900
                      Budget authority (total)
                      1,552
                      1,549
                      1,698

                      1930
                      Total budgetary resources available
                      1,577
                      1,551
                      1,698

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      692
                      728
                      914

                      3010
                      New obligations, unexpired accounts
                      1,573
                      1,551
                      1,698

                      3020
                      Outlays (gross)
                      –1,510
                      –1,365
                      –1,555

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –23

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –4

                      3050
                      Unpaid obligations, end of year
                      728
                      914
                      1,057

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      692
                      728
                      914

                      3200
                      Obligated balance, end of year
                      728
                      914
                      1,057

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,552
                      1,549
                      1,698

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      930
                      854
                      924

                      4011
                      Outlays from discretionary balances
                      580
                      511
                      631

                      4020
                      Outlays, gross (total)
                      1,510
                      1,365
                      1,555

                      4180
                      Budget authority, net (total)
                      1,552
                      1,549
                      1,698

                      4190
                      Outlays, net (total)
                      1,510
                      1,365
                      1,555

             The Department of Education manages Federal student aid programs that will provide nearly $134 billion in new Federal student
                aid grants and loans (excluding Direct Consolidation Loans) to 12.2 million students and parents in 2018. The Offices of Postsecondary
                Education, the Under Secretary and Federal Student Aid (FSA) are primarily responsible for administering the Federal student
                financial assistance programs. FSA was created by the Congress in 1998 with a mandate to improve service to students and other
                student aid program participants, reduce student aid administration costs, and improve accountability and program integrity.

                Student Aid AdministrationThe 2018 Budget includes $681 million for student aid administration activities and $1.017 billion for loan servicing activities,
                for a total of $1.698 billion in discretionary budget authority. Administrative functions supported by these discretionary
                funds include: maintaining operations for student aid application processing, origination, disbursement functions, and student
                aid information technology system hosting; servicing the Department's loan portfolio; and enhancing security across applications.

             Servicing costs are largely determined by volume (borrower accounts per month) and the negotiated contractual per-borrower
                price for each type of loan status (such as in-school, repayment, deferment, and forbearance). Changes in the distribution
                of borrowers in each loan status affect the total overall cost for servicing since servicers are paid more for in-repayment
                borrowers than for in-school borrowers and less for borrowers who are delinquent than those who are current. The servicing
                contracts' incentive-based pricing and the contracts' performance metrics are designed to encourage high-quality customer
                service and help borrowers stay current. Servicing costs in 2018 have increased over past years and will continue to do so,
                as the Direct Loan program's total number of borrowers continue to increase and as the portfolio shifts with borrowers moving
                from in-school to more expensive in-repayment status.

          Object Classification (in millions of dollars)

                      Identification code 091–0202–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      157
                      173
                      171

                      11.3
                      Other than full-time permanent
                      2
                      1

                      11.5
                      Other personnel compensation
                      2
                      2
                      1

                      11.9
                      Total personnel compensation
                      161
                      176
                      172

                      12.1
                      Civilian personnel benefits
                      50
                      54
                      54

                      21.0
                      Travel and transportation of persons
                      2
                      1
                      2

                      23.1
                      Rental payments to GSA
                      20
                      20
                      20

                      24.0
                      Printing and reproduction
                      1
                      1
                      3

                      25.1
                      Advisory and assistance services
                      6

                      1

                      25.2
                      Other services from non-Federal sources
                      942
                      942
                      1,066

                      25.3
                      Other goods and services from Federal sources
                      32
                      32
                      30

                      25.7
                      Operation and maintenance of equipment
                      359
                      325
                      350

                      99.9
                      Total new obligations, unexpired accounts
                      1,573
                      1,551
                      1,698

          Employment Summary

                      Identification code 091–0202–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      1001
                      Direct civilian full-time equivalent employment
                      1,453
                      1,555
                      1,524

             TEACH Grant Program Account

             Program and Financing (in millions of dollars)

                      Identification code 091–0206–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0701
                      Direct loan subsidy
                      14
                      15
                      25

                      0705
                      Reestimates of direct loan subsidy
                      3
                      121

                      0706
                      Interest on reestimates of direct loan subsidy

                      18

                      0900
                      Total new obligations (object class 41.0)
                      17
                      154
                      25

                      Budgetary resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation (indefinite) - Loan subsidy
                      15
                      15
                      25

                      1200
                      Appropriation (indefinite) - Upward reestimate
                      3
                      139

                      1230
                      Appropriations and/or unobligated balance of appropriations permanently reduced
                      –1

                      1260
                      Appropriations, mandatory (total)
                      17
                      154
                      25

                      1930
                      Total budgetary resources available
                      17
                      154
                      25

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      5
                      5
                      7

                      3010
                      New obligations, unexpired accounts
                      17
                      154
                      25

                      3020
                      Outlays (gross)
                      –16
                      –152
                      –20

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      5
                      7
                      12

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      5
                      5
                      7

                      3200
                      Obligated balance, end of year
                      5
                      7
                      12

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      17
                      154
                      25

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      12
                      148
                      16

                      4101
                      Outlays from mandatory balances
                      4
                      4
                      4

                      4110
                      Outlays, gross (total)
                      16
                      152
                      20

                      4180
                      Budget authority, net (total)
                      17
                      154
                      25

                      4190
                      Outlays, net (total)
                      16
                      152
                      20

          Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)

                      Identification code 091–0206–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      TEACH Grants
                      105
                      100
                      109

                      Direct loan subsidy (in percent):

                      132001
                      TEACH Grants
                      13.05
                      14.97
                      22.60

                      132999
                      Weighted average subsidy rate
                      13.05
                      14.97
                      22.60

                      Direct loan subsidy budget authority:

                      133001
                      TEACH Grants
                      14
                      15
                      25

                      Direct loan subsidy outlays:

                      134001
                      TEACH Grants
                      13
                      13
                      20

                      Direct loan reestimates:

                      135001
                      TEACH Grants
                      –2
                      138

             The TEACH Grant program, authorized by the College Cost Reduction and Access Act of 2007, awards annual grants of up to $4,000
                to full- or part-time undergraduate and graduate students who agree to teach mathematics, science, foreign languages, bilingual
                education, special education, or reading at a high-poverty school for not less than four years within eight years of graduation.
                The program began awarding grants in the 2008–2009 award year. Students must have a grade point average of 3.25 or higher
                to be eligible to receive a grant. Students who fail to fulfill the service requirements must repay the grants, including
                interest accrued from the time of award.

             Because TEACH Grants turn into loans in cases where the service requirements are not fulfilled, for budget and accounting
                purposes the program is operated consistent with the requirements of the Federal Credit Reform Act of 1990. This program account
                records subsidy costs reflecting the net present value of the estimated lifetime Federal program costs for grants awarded
                in a given fiscal year. Under this approach the subsidy cost reflects the cost of grant awards net of expected future repayments
                for grants that are converted to loans.

             TEACH Grant Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 091–4290–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0401
                      Payment contract collection costs
                      1
                      1
                      1

                      Credit program obligations:

                      0710
                      Direct loan obligations
                      105
                      100
                      109

                      0713
                      Payment of interest to Treasury
                      22
                      19
                      16

                      0742
                      Downward reestimates paid to receipt accounts
                      5

                      0791
                      Direct program activities, subtotal
                      132
                      119
                      125

                      0900
                      Total new obligations, unexpired accounts
                      133
                      120
                      126

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2
                      3

                      1021
                      Recoveries of prior year unpaid obligations
                      7
                      4
                      6

                      1023
                      Unobligated balances applied to repay debt
                      –5
                      –3

                      1024
                      Unobligated balance of borrowing authority withdrawn
                      –4
                      –4
                      –6

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      100
                      86
                      86

                      Spending authority from offsetting collections, discretionary:

                      1701
                      Change in uncollected payments, Federal sources

                      3

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      58
                      215
                      87

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –22
                      –181
                      –50

                      1850
                      Spending auth from offsetting collections, mand (total)
                      36
                      34
                      37

                      1900
                      Budget authority (total)
                      136
                      120
                      126

                      1930
                      Total budgetary resources available
                      136
                      120
                      126

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      59
                      67
                      70

                      3010
                      New obligations, unexpired accounts
                      133
                      120
                      126

                      3020
                      Outlays (gross)
                      –118
                      –113
                      –118

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –7
                      –4
                      –6

                      3050
                      Unpaid obligations, end of year
                      67
                      70
                      72

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –4
                      –4
                      –4

                      3070
                      Change in uncollected pymts, Fed sources, unexpired

                      –3

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –4
                      –4
                      –7

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      55
                      63
                      66

                      3200
                      Obligated balance, end of year
                      63
                      66
                      65

                      Financing authority and disbursements, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      3

                      Additional offsets against gross financing authority only:

                      4050
                      Change in uncollected pymts, Fed sources, unexpired

                      –3

                      Mandatory:

                      4090
                      Budget authority, gross
                      136
                      120
                      123

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      118
                      113
                      118

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Upward Reestimate
                      –3
                      –138

                      4120
                      Subsidy from Program Account
                      –13
                      –13
                      –20

                      4122
                      Interest on uninvested funds
                      –3

                      4123
                      Payment of Principal
                      –31
                      –57
                      –59

                      4123
                      Interest Received
                      –8
                      –7
                      –8

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –58
                      –215
                      –87

                      4160
                      Budget authority, net (mandatory)
                      78
                      –95
                      36

                      4170
                      Outlays, net (mandatory)
                      60
                      –102
                      31

                      4180
                      Budget authority, net (total)
                      78
                      –95
                      36

                      4190
                      Outlays, net (total)
                      60
                      –102
                      31

          Status of Direct Loans (in millions of dollars)

                      Identification code 091–4290–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority
                      105
                      100
                      109

                      1150
                      Total direct loan obligations
                      105
                      100
                      109

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      641
                      698
                      734

                      1231
                      Disbursements: Direct loan disbursements
                      88
                      92
                      99

                      1251
                      Repayments: Repayments and prepayments
                      –31
                      –56
                      –59

                      1290
                      Outstanding, end of year
                      698
                      734
                      774

             As required by the Federal Credit Reform Act of 1990, this nonbudgetary account records all cash flows to and from the Government
                resulting from the TEACH Grant program. Amounts in this account are a means of financing and are not included in the budget
                totals.

          Balance Sheet (in millions of dollars)

                      Identification code 091–4290–0–3–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      16
                      23

                      Net value of assets related to post-1991 direct loans receivable:

                      1401
                      Direct loans receivable, gross
                      641
                      698

                      1402
                      Interest receivable
                      97
                      101

                      1405
                      Allowance for subsidy cost (-)
                      –108
                      –109

                      1499
                      Net present value of assets related to direct loans
                      630
                      690

                      1999
                      Total assets
                      646
                      713

                      LIABILITIES:

                      Federal liabilities:

                      2101
                      Accounts payable

                      2103
                      Debt
                      646
                      713

                      2999
                      Total liabilities
                      646
                      713

                      4999
                      Total liabilities and net position
                      646
                      713

             Student Financial Assistance Debt Collection

             Special and Trust Fund Receipts (in millions of dollars)

                      Identification code 091–5557–0–2–502
                      2016 actual
                      2017 est.
                      2018 est.

                      0100
                      Balance, start of year
                      1
                      1
                      1

                      Receipts:

                      Current law:

                      1130
                      Student Financial Assistance Debt Collection
                      9
                      10
                      10

                      2000
                      Total: Balances and receipts
                      10
                      11
                      11

                      Appropriations:

                      Current law:

                      2101
                      Student Financial Assistance Debt Collection
                      –9
                      –10
                      –10

                      2103
                      Student Financial Assistance Debt Collection
                      –1

                      2132
                      Student Financial Assistance Debt Collection
                      1

                      2199
                      Total current law appropriations
                      –9
                      –10
                      –10

                      2999
                      Total appropriations
                      –9
                      –10
                      –10

                      5099
                      Balance, end of year
                      1
                      1
                      1

          Program and Financing (in millions of dollars)

                      Identification code 091–5557–0–2–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Student Financial Assistance Debt Collection
                      1
                      3
                      3

                      0900
                      Total new obligations (object class 25.2)
                      1
                      3
                      3

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      14
                      12
                      10

                      1022
                      Capital transfer of unobligated balances to general fund
                      –9
                      –9
                      –7

                      1050
                      Unobligated balance (total)
                      5
                      3
                      3

                      Budget authority:

                      Appropriations, mandatory:

                      1201
                      Appropriation (special or trust fund)
                      9
                      10
                      10

                      1203
                      Appropriation (previously unavailable)
                      1

                      1232
                      Appropriations and/or unobligated balance of appropriations temporarily reduced
                      –1

                      1235
                      Capital transfer of appropriations to general fund
                      –1

                      1260
                      Appropriations, mandatory (total)
                      8
                      10
                      10

                      1930
                      Total budgetary resources available
                      13
                      13
                      13

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      12
                      10
                      10

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1
                      1
                      1

                      3010
                      New obligations, unexpired accounts
                      1
                      3
                      3

                      3020
                      Outlays (gross)
                      –1
                      –3
                      –3

                      3050
                      Unpaid obligations, end of year
                      1
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      1
                      1

                      3200
                      Obligated balance, end of year
                      1
                      1
                      1

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      8
                      10
                      10

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      1
                      3
                      3

                      4180
                      Budget authority, net (total)
                      8
                      10
                      10

                      4190
                      Outlays, net (total)
                      1
                      3
                      3

             Federal Student Loan Reserve Fund

             Program and Financing (in millions of dollars)

                      Identification code 091–4257–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0102
                      Obligations, non-Federal
                      8,970
                      7,475
                      6,702

                      0900
                      Total new obligations (object class 42.0)
                      8,970
                      7,475
                      6,702

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1,561
                      1,196
                      1,718

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      8,612
                      7,997
                      7,170

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund
                      –7

                      1850
                      Spending auth from offsetting collections, mand (total)
                      8,605
                      7,997
                      7,170

                      1930
                      Total budgetary resources available
                      10,166
                      9,193
                      8,888

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1,196
                      1,718
                      2,186

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1

                      3010
                      New obligations, unexpired accounts
                      8,970
                      7,475
                      6,702

                      3020
                      Outlays (gross)
                      –8,969
                      –7,476
                      –6,702

                      3050
                      Unpaid obligations, end of year
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      1

                      3200
                      Obligated balance, end of year
                      1

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      8,605
                      7,997
                      7,170

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      8,605
                      7,409
                      6,643

                      4101
                      Outlays from mandatory balances
                      364
                      67
                      59

                      4110
                      Outlays, gross (total)
                      8,969
                      7,476
                      6,702

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –8,332
                      –7,409
                      –6,643

                      4123
                      Non-Federal sources
                      –280
                      –588
                      –527

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –8,612
                      –7,997
                      –7,170

                      4160
                      Budget authority, net (mandatory)
                      –7

                      4170
                      Outlays, net (mandatory)
                      357
                      –521
                      –468

                      4180
                      Budget authority, net (total)
                      –7

                      4190
                      Outlays, net (total)
                      357
                      –521
                      –468

             The Higher Education Amendments of 1998 clarified that reserve funds held by public and non-profit guaranty agencies participating
                in the Federal Family Education Loan (FFEL) program are Federal property. These reserves are used to pay default claims from
                FFEL lenders and fees to support agency efforts to avert defaults. The Federal Government reimburses these reserves for default
                claim payments. The Consolidated Appropriations Act, 2016, increased guaranty agency reinsurance payments from 95 percent
                of the face value of loans to 100 percent. The following schedule reflects the balances in these guaranty agency funds.

          Balance Sheet (in millions of dollars)

                      Identification code 091–4257–0–3–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      1,561
                      1,196

                      1999
                      Total assets
                      1,561
                      1,196

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      1,561
                      1,196

                      4999
                      Total liabilities and net position
                      1,561
                      1,196

             Federal Direct Student Loan Program Account

             Program and Financing (in millions of dollars)

                      Identification code 091–0243–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0701
                      Direct loan subsidy

                      1,609

                      0703
                      Subsidy for modifications of direct loans

                      364

                      0705
                      Reestimates of direct loan subsidy
                      8,646
                      28,842

                      0706
                      Interest on reestimates of direct loan subsidy
                      1,232
                      6,578

                      0900
                      Total new obligations (object class 41.0)
                      9,878
                      37,393

                      Budgetary resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation (indefinite)
                      9,878
                      37,393

                      1930
                      Total budgetary resources available
                      9,878
                      37,393

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      6
                      6
                      1

                      3010
                      New obligations, unexpired accounts
                      9,878
                      37,393

                      3020
                      Outlays (gross)
                      –9,878
                      –37,398
                      –1

                      3050
                      Unpaid obligations, end of year
                      6
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      6
                      6
                      1

                      3200
                      Obligated balance, end of year
                      6
                      1

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      9,878
                      37,393

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      9,878
                      37,393

                      4101
                      Outlays from mandatory balances

                      5
                      1

                      4110
                      Outlays, gross (total)
                      9,878
                      37,398
                      1

                      4180
                      Budget authority, net (total)
                      9,878
                      37,393

                      4190
                      Outlays, net (total)
                      9,878
                      37,398
                      1

          Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)

                      Identification code 091–0243–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      Stafford
                      27,022
                      25,739
                      26,558

                      115002
                      Unsubsidized Stafford
                      60,598
                      59,514
                      64,196

                      115003
                      PLUS
                      22,103
                      24,347
                      27,056

                      115004
                      Consolidation
                      45,917
                      46,936
                      48,210

                      115999
                      Total direct loan levels
                      155,640
                      156,536
                      166,020

                      Direct loan subsidy (in percent):

                      132001
                      Stafford
                      4.98
                      8.76
                      8.20

                      132002
                      Unsubsidized Stafford
                      –17.14
                      –8.97
                      –9.94

                      132003
                      PLUS
                      –28.36
                      –25.54
                      –27.98

                      132004
                      Consolidation
                      13.38
                      15.64
                      13.86

                      132999
                      Weighted average subsidy rate
                      –5.89
                      –1.25
                      –3.07

                      Direct loan subsidy budget authority:

                      133001
                      Stafford
                      1,346
                      2,255
                      2,178

                      133002
                      Unsubsidized Stafford
                      –10,386
                      –5,338
                      –6,381

                      133003
                      PLUS
                      –6,268
                      –6,218
                      –7,570

                      133004
                      Consolidation
                      6,144
                      7,341
                      6,682

                      133999
                      Total subsidy budget authority
                      –9,164
                      –1,960
                      –5,091

                      Direct loan subsidy outlays:

                      134001
                      Stafford
                      2,355
                      1,794
                      1,927

                      134002
                      Unsubsidized Stafford
                      –13,671
                      –6,435
                      –5,299

                      134003
                      PLUS
                      –8,492
                      –6,148
                      –6,778

                      134004
                      Consolidation
                      14,112
                      7,489
                      6,684

                      134005
                      Federal Direct Student Loans

                      364

                      134999
                      Total subsidy outlays
                      –5,696
                      –2,936
                      –3,466

                      Direct loan reestimates:

                      135005
                      Federal Direct Student Loans
                      7,693
                      28,430

                      135999
                      Total direct loan reestimates
                      7,693
                      28,430

                      Administrative expense data:

                      3580
                      Outlays from balances

                      5
                      1

             The Federal Government has two major student loan programs: the Federal Family Education Loan (FFEL) program and the William
                D. Ford Federal Direct Loan (Direct Loan) program. The Student Aid and Fiscal Responsibility Act eliminated the authorization
                to originate new FFEL loans; as of July 1, 2010, the Direct Loan program originates all new loans. This narrative outlines
                the structure of these two programs and provides text tables displaying program cost data; loan volume, subsidy, default,
                and interest rates; and other descriptive information.

             From its inception in 1965 through the end of June 2010, the FFEL program guaranteed almost $899 billion in loans to postsecondary
                students and their parents. Although no new FFEL loans have been originated since July 1, 2010, $232 billion of outstanding
                FFEL loans continue to be serviced by lenders and guaranty agencies. The 2018 Budget proposes to eliminate the payment of
                Account Maintenance Fees to guaranty agencies.

             Under the Direct Loan program, the Federal Government provides loan capital through the Treasury while the Department of Education
                loan origination and servicing is handled by private and not-for-profit loan servicers under performance-based contracts with
                the Department. The Direct Loan program began operation in award year 1994–1995, originating seven percent of overall loan
                volume. In 2018, excluding Consolidation Loans, the Direct Loan program will make $104.8 billion in new loans available.

             The Direct Loan program offers four types of loans: Subsidized Stafford; Unsubsidized Stafford; PLUS; and Consolidation. Loans
                can be used for qualified educational expenses. Undergraduates with financial need may receive a subsidized Stafford loan
                (graduate and professional students are not eligible). The other three loan programs are available to borrowers at all income
                levels. The Bipartisan Student Loan Certainty Act of 2013 changed how student loan interest rates are set. The rates are set
                annually for loans originated in the upcoming award year based on the 10-year Treasury note; those rates will remain fixed
                for the life of the loan. For Subsidized Stafford loans available to undergraduates, the interest rate will be equal to the
                10-year Treasury note plus 2.05 percent and capped at 8.25 percent. Loans originated in award year 2016–2017 have an interest
                rate of 3.76 percent. Interest payments for these loans are fully subsidized by the Federal Government while a student is
                in school (up to 150 percent of program length) and during grace and deferment periods. The interest rate on new Unsubsidized
                Stafford loans for undergraduate borrowers is the same as that on subsidized Stafford loans for undergraduates. The Unsubsidized
                Stafford loan interest rate for graduate and professional students is equal to the 10-year Treasury note plus 3.6 percent
                and capped at 9.5 percent. Loans originated in award year 2016–2017 have an interest rate of 5.31 percent. The borrower interest
                rate on PLUS loans to graduate and professional students and parents of undergraduate borrowers is equal to the 10-year Treasury
                note plus 4.6 percent and capped at 10.5 percent. PLUS loans originated in award year 2016–2017 have an interest rate of 6.31
                percent.

             Consolidation loans allow borrowers to combine FFEL, Direct Loans, and Perkins Loans, as well as some loans made under the
                Public Health Service Act. The interest rate for new Consolidation loans equals the weighted average of the interest rate
                on the loans consolidated, rounded up to the nearest one-eighth of a percent.

             For most types of Direct Loans, the origination fee is a base rate of one percent, but an additional surcharge for sequestration
                was added in 2013, 2014, 2015, 2016 and 2017. The base origination fee for PLUS loans is four percent, but has included an
                additional surcharge in 2013, 2014, 2015, 2016 and 2017.

             Borrowers may choose from four basic types of repayment plans: standard; graduated; extended (available for qualified borrowers
                who have outstanding loans of more than $30,000); and income-driven. FFEL borrowers may change repayment plans annually. Direct
                Loan borrowers may switch between repayment plans at any time. The maximum repayment period is 10 years for standard and graduated
                plans, as well as the income-sensitive repayment plan that is available only for FFEL loans. Under the current income-driven
                administrative Pay As You Earn (PAYE) and statutory Income-Based-Repayment (IBR) plans, for new borrowers after 2014, the
                repayment period is 20 years. Under the current income-driven administrative Revised PAYE plan, the repayment period is 20
                or 25 years depending on whether the borrower has any graduate school loans. And, under the extended, former IBR (for borrowers
                prior to 2014), and income-contingent repayment plans, the maximum time is 25 years. PAYE and IBR require partial financial
                hardship in order to qualify for reduced payments and borrowers in those plans have their monthly payments capped at the monthly
                payment of the 10-year Standard plan. At the end of the repayment term, the borrower's remaining balance is forgiven.

             Federal student loans have other benefits. For example, Federal student loans can be discharged when borrowers die, become
                totally and permanently disabled, or, under some circumstances, declare bankruptcy. In addition, there are several loan forgiveness
                programs. For example, new borrowers after October 1, 1998, who are employed as teachers in schools serving low-income populations
                for five consecutive, complete school years, qualify for up to $5,000 in loan forgiveness; this benefit is increased to $17,500
                for mathematics, science, and special education teachers considered highly qualified under criteria established in the Elementary
                and Secondary Education Act. In addition, under the Public Sector Loan Forgiveness Program, qualifying borrowers who have
                worked for 10 years in the public sector and made 120 qualifying monthly payments in the standard or income-driven plans can
                have any remaining loan balance forgiven. This benefit is only available in the Direct Loan program, though FFEL borrowers
                may receive the benefit by taking out a Direct Consolidation Loan. Forgiveness is available for all Direct Loan borrowers,
                regardless of when they took out their loans.

             The 2018 Budget would replace the five current Income Driven repayment (IDR) plans with one new single IDR plan to make choosing
                a repayment plan less complex. The new IDR plan would become the only income-driven repayment plan for borrowers who originate
                their first loan on or after July 1, 2018, with an exception for students who borrowed their first loans prior to July 1,
                2018 and who are borrowing to complete their current course of study. The single IDR plan would: cap payments at 12.5% of
                discretionary monthly income while eliminating the standard repayment cap; limit loan payments to 15 years for borrowers with
                undergraduate debt only and 30 years for borrowers with any graduate debt—any remaining amounts owed after these repayment
                periods would be forgiven; calculate payments for married borrowers filing separately on the combined household Adjusted Gross
                Income; and eliminate Public Service Loan Forgiveness. The 2018 Budget would also eliminate Subsidized Stafford loans. As
                with the single IDR plan, this policy would apply to loans originated on or after July 1, 2018, with an exception for students
                continuing to borrow to complete their current course of study.

             The following tables display performance indicators and program data; including projected overall Direct Loan and FFEL costs
                default rates.

             Federal Budget Authority and Outlays (in thousands of dollars)

                         2016 actual
                         2017 est.
                         2018 est.

                         PROGRAM COST:

                         FFEL:

                         Liquidating1
                         ($174,503)
                         ($243,075)
                         ($215,075)

                         Program:

                         Net Reestimate of Prior Year Costs
                         (1,226,278)
                         10,785,834
                         0

                         Net Modification2
                         151,588
                         0
                         (443,409)

                         Subtotal, Program
                         (1,074,691)
                         10,785,834
                         (443,409)

                         Total, FFEL
                         (1,249,194)
                         10,542,759
                         (658,484)

                         Direct Loans:

                         Program:

                         New Loan Subsidies
                         (9,165,366)
                         (1,961,127)
                         (10,662,798)

                         Net Reestimate of Prior Year Costs
                         7,693,290
                         28,430,232
                         0

                         Net Modification3
                         0
                         364,394
                         0

                         Total, Direct Loans
                         (1,472,077)
                         26,833,498
                         (10,662,798)

                         Total, FFEL and Direct Loans
                         (2,721,270)
                         37,376,257
                         (11,321,281)

                         PROGRAM COST OUTLAYS:

                         FFEL:

                         Liquidating1
                         (290,144)
                         (243,075)
                         (215,075)

                         Program:

                         Net Reestimate of Prior Year Costs
                         (1,226,278)
                         10,785,834
                         0

                         Net Modification2
                         151,588
                         0
                         (443,409)

                         Subtotal, Program
                         (1,074,691)
                         10,785,834
                         (443,409)

                         Total, FFEL
                         (1,364,835)
                         10,542,759
                         (658,484)

                         Direct Loans:

                         Program:

                         Regular
                         (5,696,466)
                         (3,300,632)
                         (7,061,037)

                         Net Reestimate of Prior Year Costs
                         7,693,290
                         28,430,232
                         0

                         Net Modification3
                         0
                         364,394
                         0

                         Total, Direct Loans
                         1,996,823
                         25,493,994
                         (7,061,037)

                         Total, FFEL and Direct Loans
                         631,989
                         36,036,753
                         (7,719,520)

             Details may not sum to totals due to rounding.1Liquidating account reflects loans made prior to 1992.2Reflects the cost in 2016 associated with policy changes passed in the Consolidated Appropriations Act of 2016 and proposed
             savings in 2018 from eliminating Account Maintenance Fees paid to guaranty agencies.3Reflects the cost in 2017 associated with refunding borrowers for closed schools.
             Summary of Default Rates1 (expressed as percentages)

                         2016 est.
                         2017 est.
                         2018 est.

                         Direct Loans:

                         Stafford
                         21.67
                         21.72
                         17.81

                         Unsubsidized Stafford

                         Undergraduate
                         23.96
                         23.99
                         25.86

                         Graduate/Professional
                         5.82
                         5.83
                         5.85

                         PLUS

                         Parent PLUS
                         7.91
                         7.89
                         7.91

                         Grad PLUS
                         5.75
                         5.75
                         5.77

                         Consolidation
                         19.18
                         18.89
                         18.46

                         Weighted Average, Direct Loans
                         15.87
                         15.76
                         15.70

             1Default rates displayed in this table, which reflect projected defaults over the life of a loan cohort, are used in developing
             program cost estimates. The Department uses other rates based on defaults occurring in the first 3 years of repayment to determine
             institutional eligibility to participate in Federal loan programs. These 3-year rates are lower than those included in this
             table.
             FFEL program payments are made to lenders (interest subsidies, loan defaults, and discharges) and guaranty agencies (default
                collection costs, administrative services). These payments are partially offset by an annual consolidation loan holder fee.
                In Direct Loans, cash outflows are primarily payments to Treasury. Cash inflows include principal and interest payments on
                outstanding Direct Loans.

             The following table shows Government payments to and from lenders, guaranty agencies, and borrowers for specific years, regardless
                of when loans were originated. These flows do not reflect long-term costs to the Government, nor the value of outstanding
                loan assets, which are reflected in credit reform subsidy estimates.

             The Federal Credit Reform Act of 1990 accounts for differences in the amount and timing of cash flows among direct and guaranteed
                loan programs to make cost estimates for these programs comparable with each other and other Federal programs.

             Selected Program Costs and Offsets (in thousands of dollars)

                         2016 actual
                         2017 est.
                         2018 est.

                         FFEL:

                         Payments to lenders:

                         Interest benefits
                         $1,007,797
                         $192,895
                         $129,404

                         Special allowance payments1
                         (3,502,716)
                         (1,767,489)
                         (972,619)

                         Default claims
                         7,101,884
                         4,943,405
                         4,313,597

                         Loan discharges
                         1,722,788
                         1,065,314
                         827,739

                         Teacher loan forgiveness
                         104,078
                         30,496
                         5,221

                         Administrative payments to guaranty agencies
                         142,919
                         136,577
                         0

                         Fees paid to the Department of Education:

                         Loan holder fees
                         (1,463,919)
                         (706,538)
                         (544,667)

                         Other Major Transactions:

                         Net default collections
                         (9,623,919)
                         (8,469,986)
                         (7,593,228)

                         Contract collection costs
                         42,854
                         76,104
                         83,363

                         Federal administrative costs
                         33,540
                         35,218
                         40,680

                         Net Cash Flow, FFEL
                         (4,434,958)
                         (4,464,004)
                         (3,710,510)

                         Ensuring Continued Access to Student Loans (ECASLA):

                         Inflows
                         (11,968,494)
                         (15,491,436)
                         (12,047,809)

                         Outflows
                         10,697,733
                         15,491,436
                         12,047,809

                         Federal administrative costs
                         142,547
                         149,675
                         172,890

                         Net Cash Flow, ECASLA
                         (1,128,214)
                         149,675
                         172,890

                         Direct Loans:

                         Loan disbursements to borrowers
                         140,527,536
                         143,437,289
                         150,983,835

                         Borrower interest payments
                         (14,469,296)
                         (18,598,606)
                         (22,757,049)

                         Borrower principal payments
                         (53,824,034)
                         (54,788,717)
                         (67,155,101)

                         Borrower origination fees
                         (1,685,088)
                         (1,772,163)
                         (1,813,878)

                         Net default collections
                         (3,197,461)
                         (7,106,554)
                         (7,992,352)

                         Contract collection costs
                         629,339
                         1,334,344
                         1,447,796

                         Federal administrative costs
                         686,868
                         821,742
                         930,389

                         Net operating cash flows
                         68,667,864
                         63,327,334
                         53,643,639

                         Loan capital borrowings from Treasury
                         (140,527,536)
                         (143,437,289)
                         (150,983,835)

                         Net interest payments to Treasury
                         26,560,447
                         27,610,918
                         29,560,075

                         Principal payments to Treasury
                         52,229,116
                         88,987,934
                         68,583,552

                         Subtotal, Treasury activity
                         (61,737,942)
                         (26,838,438)
                         (52,840,209)

                         Net Cash Flow, Direct Loans
                         6,929,921
                         36,488,897
                         803,430

             1Includes Negative Special Allowance Payments.
             Student Loan Program Costs: Analysis of Direct Loans Including Program and Administrative Expenses (expressed as percentages)

                         2016 actual
                         2017 est.
                         2018 est.

                         Direct Loans:

                         New Loans:

                         Stafford
                         12.17
                         8.76
                         4.40

                         Unsubsidized Stafford

                         Undergraduate
                         1.70
                         –5.54
                         - 8.58

                         Graduate/Professional
                         –5.53
                         –11.95
                         –17.78

                         PLUS

                         Parent PLUS
                         –23.00
                         –32.84
                         –31.49

                         Grad PLUS
                         –16.09
                         –15.69
                         –27.47

                         Subtotal, new loan subsidy
                         –2.63
                         - 8.43
                         –14.27

                         Federal administrative costs
                         1.70
                         1.70
                         1.70

                         Subtotal, new loans
                         –0.93
                         - 6.73
                         –12.57

                         Consolidation Loans

                         Loan subsidy
                         3.01
                         15.64
                         12.86

                         Federal administrative costs
                         0.38
                         0.38
                         0.38

                         Subtotal, consolidation loans
                         3.39
                         16.02
                         13.24

                         New and Consolidation Loans

                         Loan subsidy
                         –0.95
                         –1.21
                         –6.39

                         Federal administrative costs
                         1.45
                         1.45
                         1.45

                         Total, Direct Loans
                         0.50
                         0.24
                         –4.94

             Totals may not add due to rounding. Subsidies are weighted on Gross Volumes.Notes: For 2016, the rates are current; these include the actual executed rates for 2016 and the effect of re-estimates on
             those rates.
             The table above describes Direct Loan costs on a subsidy rate basis: program costs calculated under the Federal Credit Reform
                Act of 1990 and comparably projected estimates of Federal administrative costs. As with any long-term projection, the comparison
                is based on assumed future interest rates, borrower characteristics, administrative costs, and other factors over the life
                of the loan cohort. To the degree actual conditions differ from projections, estimated subsidy rates will change.

             The Federal Credit Reform Act of 1990 requires the cost of existing loan cohorts to be reestimated to reflect changes in actual
                and assumed borrower behavior, interest rates, and other factors. The following table shows the impact of these reestimates
                in FFEL and Direct Loans.

             Loan Disbursement and Subsidy Costs (in billions of dollars)
             Total Subsidy Costs 1992–2016 (in billions of dollars)

                         FFEL
                         Direct Loans

                         Original Subsidy Costs
                         +$77.1
                         -$111.0

                         Cumulative Reestimates
                         -$51.0
                         +$47.4

                         Net Subsidy Costs
                         +$26.1
                         -$63.6

                         Total Disbursements
                         +$898.7
                         +$1,213.5

             Changes in interest rate projections are a significant factor in FFEL and Direct Loan reestimates; recent declines in interest
                rates below historical averages have been a major driver in changes to program costs. In addition, updates to the collections
                on defaults assumption had a significant impact on both programs. For Direct Loans, several other assumptions were reestimated
                that contributed to the large upward reestimate, including Death, Disability, and Bankruptcy rates, and updates to reflect
                the increased number of borrowers enrolled in income-driven plans. Model assumptions affecting the 2016 cohort were also updated.
                These technical assumptions were not updated in the 2017 Budget due to the requirement in the Federal Credit Reform Act that
                estimates be based on current assumptions, as defined in section 250(c)(9) of the Balanced Budget and Emergency Deficit Control
                Act of 1985.

             Direct Loan Repayment Options (expressed as percentages)

                         Subsidies by Repayment Option
                         2016 actual1
                         2017 est.
                         2018 est.

                         Stafford:

                         Standard
                         10.11
                         6.41
                         4.42

                         Extended
                         7.54
                         2.57
                         –1.35

                         Graduated
                         8.73
                         3.96
                         –0.25

                         IDR2
                         24.28
                         24.72
                         8.13

                         Unsubsidized Stafford:

                         Standard
                         - 9.23
                         –16.74
                         –16.45

                         Extended
                         –20.42
                         –32.68
                         –34.40

                         Graduated
                         –17.09
                         –27.82
                         –30.35

                         IDR
                         24.07
                         24.37
                         8.12

                         PLUS:

                         Standard
                         –23.65
                         –31.09
                         –31.76

                         Extended
                         –36.05
                         –47.71
                         –51.51

                         Graduated
                         –36.26
                         –47.40
                         –52.19

                         IDR
                         20.92
                         21.08
                         4.73

                         Consolidated:

                         Standard
                         –31.54
                         –14.34
                         –15.61

                         Extended
                         –38.79
                         –20.87
                         –21.33

                         Graduated
                         –38.80
                         –20.19
                         –20.95

                         IDR
                         19.22
                         28.70
                         26.24

             Direct Loan Repayment Options (gross volumes in millions of dollars)

                         Volumes by Repayment Option
                         2016 actual1
                         2017 est.
                         2018 est.

                         Stafford:

                         Standard
                         $18,363
                         $19,204
                         $11,284

                         Extended
                         454
                         269
                         344

                         Graduated
                         2,725
                         2,586
                         1,854

                         IDR2
                         4,036
                         3,680
                         2,779

                         Unsubsidized Stafford:

                         Standard
                         35,100
                         37,186
                         46,386

                         Extended
                         2,196
                         2,063
                         2,573

                         Graduated
                         6,497
                         6,536
                         8,111

                         IDR
                         14,561
                         13,729
                         17,423

                         PLUS:

                         Standard
                         18,282
                         16,187
                         20,908

                         Extended
                         688
                         1,199
                         798

                         Graduated
                         1,835
                         2,945
                         2,127

                         IDR
                         2,654
                         4,016
                         3,322

                         Consolidated:

                         Standard
                         9,580
                         9,145
                         10,152

                         Extended
                         1,445
                         1,601
                         1,545

                         Graduated
                         2,927
                         2,860
                         3,109

                         IDR
                         31,689
                         33,330
                         33,403

             12016 rates are current; these include actual executed rates for 2016 and the effect of re-estimates on those rates.2All income-driven plans are included in the IDR category

             Federal Direct Student Loan Program Account

             (Legislative proposal, subject to PAYGO)Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)

                      Identification code 091–0243–4–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      Stafford

                      –10,297

                      115002
                      Unsubsidized Stafford

                      10,297

                      Direct loan subsidy (in percent):

                      132001
                      Stafford
                      0.00
                      0.00
                      –3.80

                      132002
                      Unsubsidized Stafford
                      0.00
                      0.00
                      –2.87

                      132003
                      PLUS
                      0.00
                      0.00
                      –1.72

                      132004
                      Consolidation
                      0.00
                      0.00
                      –1.00

                      132999
                      Weighted average subsidy rate
                      0.00
                      0.00
                      –3.36

                      Direct loan subsidy budget authority:

                      133001
                      Stafford

                      –1,462

                      133002
                      Unsubsidized Stafford

                      –3,162

                      133003
                      PLUS

                      –465

                      133004
                      Consolidation

                      –482

                      133999
                      Total subsidy budget authority

                      –5,571

                      Direct loan subsidy outlays:

                      134001
                      Stafford

                      –902

                      134002
                      Unsubsidized Stafford

                      –1,927

                      134003
                      PLUS

                      –286

                      134004
                      Consolidation

                      –480

                      134999
                      Total subsidy outlays

                      –3,595

             Federal Direct Student Loan Program Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 091–4253–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0301
                      Consolidation loans-Payment of Orig. Services
                      25
                      126
                      127

                      0401
                      Payment of contract collection costs
                      630
                      1,335
                      1,447

                      Credit program obligations:

                      0710
                      Direct loan obligations
                      155,640
                      156,536
                      166,020

                      0713
                      Payment of interest to Treasury
                      30,503
                      27,611
                      29,446

                      0740
                      Negative subsidy obligations
                      9,165
                      1,960
                      5,091

                      0742
                      Downward reestimates paid to receipt accounts
                      1,471
                      6,693

                      0743
                      Interest on downward reestimates
                      714
                      296

                      0791
                      Direct program activities, subtotal
                      197,493
                      193,096
                      200,557

                      0900
                      Total new obligations, unexpired accounts
                      198,148
                      194,557
                      202,131

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      5,481
                      5,000
                      1

                      1021
                      Recoveries of prior year unpaid obligations
                      20,150
                      20,553
                      20,964

                      1023
                      Unobligated balances applied to repay debt
                      –10,406
                      –5,000

                      1024
                      Unobligated balance of borrowing authority withdrawn
                      –13,857
                      –20,553
                      –20,964

                      1033
                      Recoveries of prior year paid obligations
                      3

                      1050
                      Unobligated balance (total)
                      1,371

                      1

                      Financing authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation

                      10

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      167,012
                      163,877
                      171,111

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      86,994
                      119,659
                      99,689

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –52,229
                      –88,988
                      –68,668

                      1850
                      Spending auth from offsetting collections, mand (total)
                      34,765
                      30,671
                      31,021

                      1900
                      Budget authority (total)
                      201,777
                      194,558
                      202,132

                      1930
                      Total budgetary resources available
                      203,148
                      194,558
                      202,133

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5,000
                      1
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      75,629
                      74,418
                      64,014

                      3010
                      New obligations, unexpired accounts
                      198,148
                      194,557
                      202,131

                      3020
                      Outlays (gross)
                      –179,209
                      –184,408
                      –185,458

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –20,150
                      –20,553
                      –20,964

                      3050
                      Unpaid obligations, end of year
                      74,418
                      64,014
                      59,723

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      75,629
                      74,418
                      64,014

                      3200
                      Obligated balance, end of year
                      74,418
                      64,014
                      59,723

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      201,777
                      194,558
                      202,132

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      179,209
                      184,408
                      185,458

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Upward reestimate
                      –8,647
                      –28,842

                      4120
                      Upward reestimate, interest
                      –1,231
                      –6,578

                      4120
                      Upward Modification

                      –364

                      4120
                      Program subsidy

                      –1,609

                      4122
                      Interest on uninvested funds
                      –3,943

                      4123
                      Repayment of principal, Stafford
                      –12,622
                      –12,974
                      –16,066

                      4123
                      Interest received on loans, Stafford
                      –2,266
                      –2,639
                      –3,218

                      4123
                      Origination Fees, Stafford
                      –238
                      –240
                      –235

                      4123
                      Other fees, Stafford
                      –42

                      4123
                      Repayment of principal, Unsubsidized Stafford
                      –23,798
                      –23,206
                      –29,462

                      4123
                      Interest received on loans, Unsubsidized Stafford
                      –5,335
                      –5,698
                      –7,534

                      4123
                      Origination Fees, Unsubsidized Stafford
                      –531
                      –547
                      –558

                      4123
                      Other fees, Unsubsidized Stafford
                      –41

                      4123
                      Repayment of principal, PLUS
                      –10,273
                      –12,582
                      –15,624

                      4123
                      Interest received on loans, PLUS
                      –2,835
                      –3,208
                      –3,722

                      4123
                      Origination Fees, PLUS
                      –916
                      –985
                      –1,021

                      4123
                      Other fees, PLUS
                      –12

                      4123
                      Payment of principal, Consolidation
                      –9,197
                      –13,134
                      –13,968

                      4123
                      Interest received on loans, Consolidation
                      –5,021
                      –7,053
                      –8,281

                      4123
                      Other fees, Consolidation
                      –49

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –86,997
                      –119,659
                      –99,689

                      Additional offsets against financing authority only (total):

                      4143
                      Recoveries of prior year paid obligations, unexpired accounts
                      3

                      4160
                      Budget authority, net (mandatory)
                      114,783
                      74,899
                      102,443

                      4170
                      Outlays, net (mandatory)
                      92,212
                      64,749
                      85,769

                      4180
                      Budget authority, net (total)
                      114,783
                      74,899
                      102,443

                      4190
                      Outlays, net (total)
                      92,212
                      64,749
                      85,769

          Status of Direct Loans (in millions of dollars)

                      Identification code 091–4253–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      STAFFORD

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority
                      27,022
                      25,739
                      26,558

                      1150
                      Total direct loan obligations
                      27,022
                      25,739
                      26,558

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      188,441
                      203,123
                      212,267

                      1231
                      Disbursements: Direct loan disbursements
                      22,975
                      22,500
                      23,063

                      1251
                      Repayments: Repayments and prepayments
                      –12,622
                      –12,974
                      –16,066

                      1261
                      Adjustments: Capitalized interest
                      5,043
                      130
                      106

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)
                      –714
                      –512
                      –510

                      1290
                      Outstanding, end of year
                      203,123
                      212,267
                      218,860

                      UNSUBSIDIZED STAFFORD

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority
                      60,598
                      59,514
                      64,196

                      1150
                      Total direct loan obligations
                      60,598
                      59,514
                      64,196

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      285,152
                      318,705
                      352,543

                      1231
                      Disbursements: Direct loan disbursements
                      50,798
                      51,185
                      54,769

                      1251
                      Repayments: Repayments and prepayments
                      –23,798
                      –23,206
                      –29,462

                      1261
                      Adjustments: Capitalized interest
                      7,631
                      6,846
                      6,838

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)
                      –1,078
                      –987
                      –1,068

                      1290
                      Outstanding, end of year
                      318,705
                      352,543
                      383,620

                      PLUS

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority
                      22,103
                      24,347
                      27,056

                      1150
                      Total direct loan obligations
                      22,103
                      24,347
                      27,056

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      90,615
                      103,660
                      114,879

                      1231
                      Disbursements: Direct loan disbursements
                      21,236
                      22,832
                      24,946

                      1251
                      Repayments: Repayments and prepayments
                      –10,273
                      –12,582
                      –15,624

                      1261
                      Adjustments: Capitalized interest
                      2,425
                      1,329
                      1,434

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)
                      –343
                      –360
                      –396

                      1290
                      Outstanding, end of year
                      103,660
                      114,879
                      125,239

                      CONSOLIDATION

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority
                      45,917
                      46,936
                      48,210

                      1150
                      Total direct loan obligations
                      45,917
                      46,936
                      48,210

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      236,603
                      277,263
                      310,063

                      1231
                      Disbursements: Direct loan disbursements
                      45,518
                      46,920
                      48,194

                      1251
                      Repayments: Repayments and prepayments
                      –9,197
                      –13,134
                      –13,968

                      1261
                      Adjustments: Capitalized interest
                      5,234
                      3

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)
                      –895
                      –989
                      –1,014

                      1290
                      Outstanding, end of year
                      277,263
                      310,063
                      343,275

             As required by the Federal Credit Reform Act of 1990, this nonbudgetary account records all cash flows to and from the Government
                resulting from Federal Direct Student Loans. Amounts in this account are a means of financing and are not included in the
                budget totals.

          Balance Sheet (in millions of dollars)

                      Identification code 091–4253–0–3–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      27,127
                      19,273

                      Investments in US securities:

                      1106
                      Receivables, net
                      6,946
                      19,594

                      1206
                      Non-Federal assets: Receivables, net
                      7
                      52

                      Net value of assets related to post-1991 direct loans receivable:

                      1401
                      Direct loans receivable, gross
                      800,811
                      902,751

                      1402
                      Interest receivable
                      44,250
                      50,833

                      1405
                      Allowance for subsidy cost (-)
                      35,496
                      5,294

                      1499
                      Net present value of assets related to direct loans
                      880,557
                      958,878

                      1901
                      Other Federal assets: Other assets

                      3

                      1999
                      Total assets
                      914,637
                      997,800

                      LIABILITIES:

                      Federal liabilities:

                      2101
                      Accounts payable
                      1,474

                      2103
                      Debt
                      909,927
                      994,285

                      2201
                      Non-Federal liabilities: Accounts payable
                      3,236
                      3,515

                      2999
                      Total liabilities
                      914,637
                      997,800

                      4999
                      Total liabilities and net position
                      914,637
                      997,800

             Federal Direct Student Loan Program Financing Account

             (Legislative proposal, subject to PAYGO)Program and Financing (in millions of dollars)

                      Identification code 091–4253–4–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0713
                      Payment of interest to Treasury

                      114

                      0740
                      Negative subsidy obligations

                      5,571

                      0791
                      Direct program activities, subtotal

                      5,685

                      0900
                      Total new obligations, unexpired accounts

                      5,685

                      Budgetary resources:

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority

                      5,571

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected

                      29

                      1825
                      Spending authority from offsetting collections applied to repay debt

                      85

                      1850
                      Spending auth from offsetting collections, mand (total)

                      114

                      1900
                      Budget authority (total)

                      5,685

                      1930
                      Total budgetary resources available

                      5,685

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      New obligations, unexpired accounts

                      5,685

                      3020
                      Outlays (gross)

                      –3,722

                      3050
                      Unpaid obligations, end of year

                      1,963

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      1,963

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross

                      5,685

                      Financing disbursements:

                      4110
                      Outlays, gross (total)

                      3,722

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4123
                      Repayment of principal, Stafford

                      14

                      4123
                      Interest received on loans, Stafford

                      4

                      4123
                      Origination Fees, Stafford

                      61

                      4123
                      Repayment of principal, Unsubsidized Stafford

                      –14

                      4123
                      Interest received on loans, Unsubsidized Stafford

                      –4

                      4123
                      Origination Fees, Unsubsidized Stafford

                      –61

                      4123
                      Payment of principal, Consolidation

                      –27

                      4123
                      Interest received on loans, Consolidation

                      –2

                      4130
                      Offsets against gross budget authority and outlays (total)

                      –29

                      4160
                      Budget authority, net (mandatory)

                      5,656

                      4170
                      Outlays, net (mandatory)

                      3,693

                      4180
                      Budget authority, net (total)

                      5,656

                      4190
                      Outlays, net (total)

                      3,693

          Status of Direct Loans (in millions of dollars)

                      Identification code 091–4253–4–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      STAFFORD

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority

                      –10,297

                      1150
                      Total direct loan obligations

                      –10,297

                      Cumulative balance of direct loans outstanding:

                      1231
                      Disbursements: Direct loan disbursements

                      –6,112

                      1251
                      Repayments: Repayments and prepayments

                      14

                      1261
                      Adjustments: Capitalized interest

                      –1

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)

                      9

                      1290
                      Outstanding, end of year

                      –6,090

                      UNSUBSIDIZED STAFFORD

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority

                      10,297

                      1150
                      Total direct loan obligations

                      10,297

                      Cumulative balance of direct loans outstanding:

                      1231
                      Disbursements: Direct loan disbursements

                      6,124

                      1251
                      Repayments: Repayments and prepayments

                      –14

                      1261
                      Adjustments: Capitalized interest

                      3

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)

                      –9

                      1290
                      Outstanding, end of year

                      6,104

                      PLUS

                      CONSOLIDATION

                      Cumulative balance of direct loans outstanding:

                      1251
                      Repayments: Repayments and prepayments

                      –27

                      1290
                      Outstanding, end of year

                      –27

             Federal Family Education Loan Program Account

             Program and Financing (in millions of dollars)

                      Identification code 091–0231–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0704
                      Subsidy for modifications of loan guarantees
                      152

                      0705
                      Reestimates of direct loan subsidy
                      991
                      3,746

                      0706
                      Interest on reestimates of direct loan subsidy
                      223
                      1,043

                      0707
                      Reestimates of loan guarantee subsidy
                      26
                      2,335

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      55
                      4,031

                      0900
                      Total new obligations (object class 41.0)
                      1,447
                      11,155

                      Budgetary resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      1,447
                      11,155

                      1930
                      Total budgetary resources available
                      1,447
                      11,155

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      New obligations, unexpired accounts
                      1,447
                      11,155

                      3020
                      Outlays (gross)
                      –1,447
                      –11,155

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      1,447
                      11,155

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      1,447
                      11,155

                      4180
                      Budget authority, net (total)
                      1,447
                      11,155

                      4190
                      Outlays, net (total)
                      1,447
                      11,155

          Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)

                      Identification code 091–0231–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct loan reestimates:

                      135010
                      Direct Participation Agreement Reestimates
                      489
                      3,319

                      135012
                      Direct Standard Put Reestimates
                      565
                      1,471

                      135999
                      Total direct loan reestimates
                      1,054
                      4,790

                      Guaranteed loan subsidy outlays:

                      234006
                      FFEL Guarantees
                      152

                      234999
                      Total subsidy outlays
                      152

                      Guaranteed loan reestimates:

                      235006
                      FFEL Guarantees
                      –2,281
                      5,996

                      235999
                      Total guaranteed loan reestimates
                      –2,281
                      5,996

             As required by the Federal Credit Reform Act of 1990, this program account records the subsidy costs associated with Federal
                Family Education Loans (FFEL), formerly guaranteed student loans, committed in 1992 and beyond. Beginning with the 1993 cohort
                of loans, mandatory administrative costs, specifically contract collection costs, are included in the FFEL subsidy estimates
                of each year's cohort. Subsidy amounts are estimated on a net present value basis.

             A description of the FFEL program and accompanying tables are included under the Federal Direct Student Loan program account.

             Federal Family Education Loan Program Account

             (Legislative proposal, subject to PAYGO)Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)

                      Identification code 091–0231–4–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Guaranteed loan subsidy outlays:

                      234006
                      FFEL Guarantees

                      –443

                      234999
                      Total subsidy outlays

                      –443

             Federal Family Education Loan Program Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 091–4251–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0101
                      Default claims
                      1,572
                      653
                      527

                      0102
                      Special allowance
                      90
                      9
                      5

                      0103
                      Interest benefits
                      506
                      127
                      83

                      0104
                      Death, disability, and bankruptcy claims
                      238
                      106
                      76

                      0105
                      Teacher loan forgiveness, other write-offs
                      28
                      15
                      2

                      0107
                      Contract collection costs
                      10
                      22
                      23

                      0109
                      Rehab purchase fee

                      5
                      5

                      0110
                      Guaranty Agency account maintenance fees
                      20
                      15
                      10

                      0191
                      Subtotal, Stafford loans
                      2,464
                      952
                      731

                      0202
                      Default claims
                      1,731
                      719
                      580

                      0203
                      Special allowance
                      90
                      12
                      7

                      0204
                      Death, disability, and bankruptcy claims
                      315
                      130
                      82

                      0205
                      Teacher loan forgiveness, other write-offs
                      29
                      15
                      3

                      0207
                      Contract collection costs
                      9
                      17
                      18

                      0209
                      Rehab purchase fee

                      4
                      4

                      0210
                      Guaranty Agency account maintenance fees
                      23
                      13
                      10

                      0291
                      Subtotal, Unsubsidized Stafford loans
                      2,197
                      910
                      704

                      0301
                      Default claims
                      276
                      103
                      71

                      0304
                      Death, disability, and bankruptcy claims
                      94
                      26
                      22

                      0307
                      Contract Collection Costs
                      1
                      2
                      3

                      0309
                      Rehab purchase fee

                      1
                      1

                      0310
                      Guaranty Agency account maintenance fees
                      5
                      1
                      1

                      0391
                      Subtotal, PLUS loans
                      376
                      133
                      98

                      0403
                      Default claims
                      4

                      0407
                      Contract collection costs

                      1

                      0409
                      Rehab purchase fee

                      1
                      1

                      0491
                      Subtotal, SLS loans
                      4
                      2
                      1

                      0501
                      Default claims
                      3,456
                      3,410
                      3,082

                      0502
                      Special allowance

                      99
                      166

                      0503
                      Interest benefits
                      498
                      63
                      44

                      0504
                      Death, disability, and bankruptcy claims
                      1,051
                      779
                      622

                      0505
                      Teacher loan forgiveness, other write-offs
                      47

                      0507
                      Contract collection costs
                      12
                      24
                      29

                      0509
                      Rehab purchase fee

                      5
                      5

                      0510
                      Guaranty Agency account maintenance fees
                      95
                      107
                      97

                      0591
                      Subtotal, Consolidations loans
                      5,159
                      4,487
                      4,045

                      Credit program obligations:

                      0713
                      Payment of interest to Treasury
                      2,083
                      1,693
                      1,156

                      0742
                      Downward reestimates paid to receipt accounts
                      1,525
                      217

                      0743
                      Interest on downward reestimates
                      836
                      153

                      0791
                      Direct program activities, subtotal
                      4,444
                      2,063
                      1,156

                      0900
                      Total new obligations, unexpired accounts
                      14,644
                      8,547
                      6,735

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      7,771
                      8,978
                      17,530

                      1021
                      Recoveries of prior year unpaid obligations
                      874

                      1033
                      Recoveries of prior year paid obligations
                      509

                      1050
                      Unobligated balance (total)
                      9,154
                      8,978
                      17,530

                      Financing authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      24

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      14,444
                      17,099
                      8,993

                      1900
                      Budget authority (total)
                      14,468
                      17,099
                      8,993

                      1930
                      Total budgetary resources available
                      23,622
                      26,077
                      26,523

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      8,978
                      17,530
                      19,788

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,497
                      1,220
                      1,221

                      3010
                      New obligations, unexpired accounts
                      14,644
                      8,547
                      6,735

                      3020
                      Outlays (gross)
                      –14,047
                      –8,546
                      –6,735

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –874

                      3050
                      Unpaid obligations, end of year
                      1,220
                      1,221
                      1,221

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,497
                      1,220
                      1,221

                      3200
                      Obligated balance, end of year
                      1,220
                      1,221
                      1,221

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      14,468
                      17,099
                      8,993

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      14,047
                      8,546
                      6,735

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Upward reestimate
                      –26
                      –2,335

                      4120
                      Interest on upward reestimate
                      –55
                      –4,031

                      4120
                      Upward modification
                      –152

                      4122
                      Interest on uninvested funds
                      –317

                      4123
                      Stafford recoveries on defaults
                      –2,776
                      –1,837
                      –1,531

                      4123
                      Stafford other fees
                      –85

                      4123
                      Stafford special allowance rebate
                      –819
                      –361
                      –201

                      4123
                      Unsubsidized Stafford recoveries on default
                      –2,404
                      –1,795
                      –1,507

                      4123
                      Unsubsidized Stafford other fees
                      –73

                      4123
                      Unsubsidized Stafford special allowance rebate
                      –1,041
                      –596
                      –368

                      4123
                      PLUS recoveries on defaults
                      –407
                      –224
                      –192

                      4123
                      PLUS other fees
                      –12

                      4123
                      PLUS special allowance rebate
                      –338
                      –104
                      –63

                      4123
                      SLS recoveries on defaults
                      –20
                      –7
                      –5

                      4123
                      SLS other fees
                      –1

                      4123
                      Consolidation recoveries on defaults
                      –3,376
                      –4,276
                      –4,062

                      4123
                      Consolidation loan holders fee
                      –1,464
                      –707
                      –545

                      4123
                      Consolidation other fees
                      –103

                      4123
                      Consolidation special allowance rebate
                      –1,484
                      –826
                      –519

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –14,953
                      –17,099
                      –8,993

                      Additional offsets against financing authority only (total):

                      4143
                      Recoveries of prior year paid obligations, unexpired accounts
                      509

                      4160
                      Budget authority, net (mandatory)
                      24

                      4170
                      Outlays, net (mandatory)
                      –906
                      –8,553
                      –2,258

                      4180
                      Budget authority, net (total)
                      24

                      4190
                      Outlays, net (total)
                      –906
                      –8,553
                      –2,258

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 091–4251–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      STAFFORD

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      30,820
                      25,897
                      22,919

                      2251
                      Repayments and prepayments
                      –1,763
                      –2,219
                      –1,291

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –1,810
                      –653
                      –527

                      2263
                      Terminations for default that result in claim payments
                      –238
                      –106
                      –76

                      2264
                      Other adjustments, net
                      –1,112

                      –1

                      2290
                      Outstanding, end of year
                      25,897
                      22,919
                      21,024

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      24,602
                      21,773
                      19,973

                      Addendum:

                      Cumulative balance of defaulted guaranteed loans that result in loans receivable:

                      2310
                      Outstanding, start of year
                      5,832
                      5,461
                      4,434

                      2331
                      Disbursements for guaranteed loan claims
                      1,810
                      653
                      527

                      2351
                      Repayments of loans receivable
                      –2,392
                      –1,837
                      –1,531

                      2361
                      Write-offs of loans receivable
                      –238
                      –194
                      –155

                      2364
                      Other adjustments, net
                      449
                      351
                      351

                      2390
                      Outstanding, end of year
                      5,461
                      4,434
                      3,626

                      UNSUBSIDIZED STAFFORD

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      34,994
                      30,806
                      27,109

                      2251
                      Repayments and prepayments
                      –2,001
                      –2,848
                      –1,820

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –2,046
                      –719
                      –580

                      2263
                      Terminations for default that result in claim payments
                      –315
                      –130
                      –82

                      2264
                      Other adjustments, net
                      174

                      2290
                      Outstanding, end of year
                      30,806
                      27,109
                      24,627

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      29,266
                      25,754
                      23,397

                      Addendum:

                      Cumulative balance of defaulted guaranteed loans that result in loans receivable:

                      2310
                      Outstanding, start of year
                      9,546
                      10,030
                      8,658

                      2331
                      Disbursements for guaranteed loan claims
                      2,046
                      719
                      580

                      2351
                      Repayments of loans receivable
                      –2,072
                      –1,795
                      –1,507

                      2361
                      Write-offs of loans receivable
                      –315
                      –296
                      –256

                      2364
                      Other adjustments, net
                      825

                      2390
                      Outstanding, end of year
                      10,030
                      8,658
                      7,475

                      PLUS

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      6,694
                      5,590
                      5,017

                      2251
                      Repayments and prepayments
                      –383
                      –346
                      –216

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –370
                      –201
                      –142

                      2263
                      Terminations for default that result in claim payments
                      –94
                      –26
                      –22

                      2264
                      Other adjustments, net
                      –257

                      2290
                      Outstanding, end of year
                      5,590
                      5,017
                      4,637

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      5,311
                      4,766
                      4,405

                      Addendum:

                      Cumulative balance of defaulted guaranteed loans that result in loans receivable:

                      2310
                      Outstanding, start of year
                      561
                      529
                      424

                      2331
                      Disbursements for guaranteed loan claims
                      370
                      201
                      142

                      2351
                      Repayments of loans receivable
                      –351
                      –224
                      –192

                      2361
                      Write-offs of loans receivable
                      –94
                      –82
                      –61

                      2364
                      Other adjustments, net
                      43

                      2390
                      Outstanding, end of year
                      529
                      424
                      313

                      SLS

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      60
                      57
                      55

                      2251
                      Repayments and prepayments
                      –3
                      –2
                      –1

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –4

                      2263
                      Terminations for default that result in claim payments

                      2264
                      Other adjustments, net
                      4

                      2290
                      Outstanding, end of year
                      57
                      55
                      54

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      53
                      52
                      52

                      Addendum:

                      Cumulative balance of defaulted guaranteed loans that result in loans receivable:

                      2310
                      Outstanding, start of year
                      264
                      273
                      266

                      2331
                      Disbursements for guaranteed loan claims
                      4

                      2351
                      Repayments of loans receivable
                      –17
                      –7
                      –5

                      2361
                      Write-offs of loans receivable

                      2364
                      Other adjustments, net
                      22

                      2390
                      Outstanding, end of year
                      273
                      266
                      261

                      CONSOLIDATION

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      146,597
                      134,018
                      120,407

                      2251
                      Repayments and prepayments
                      –8,385
                      –9,422
                      –7,766

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –4,507
                      –3,410
                      –3,082

                      2263
                      Terminations for default that result in claim payments
                      –1,051
                      –779
                      –622

                      2264
                      Other adjustments, net
                      1,364

                      2290
                      Outstanding, end of year
                      134,018
                      120,407
                      108,937

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      127,317
                      114,387
                      103,490

                      Addendum:

                      Cumulative balance of defaulted guaranteed loans that result in loans receivable:

                      2310
                      Outstanding, start of year
                      17,212
                      19,352
                      17,453

                      2331
                      Disbursements for guaranteed loan claims
                      4,507
                      3,410
                      3,082

                      2351
                      Repayments of loans receivable
                      –2,910
                      –4,276
                      –4,062

                      2361
                      Write-offs of loans receivable
                      –1,051
                      –1,033
                      –920

                      2364
                      Other adjustments, net
                      1,594

                      2390
                      Outstanding, end of year
                      19,352
                      17,453
                      15,553

             As required by the Federal Credit Reform Act of 1990, this nonbudgetary account records all cash flows to and from the Government
                resulting from Federal Family Education Loans, formerly guaranteed student loans, committed in 1992 and beyond. The amounts
                in this account are a means of financing and are not included in the budget totals.

          Balance Sheet (in millions of dollars)

                      Identification code 091–4251–0–3–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      8,894
                      9,824

                      Investments in US securities:

                      1106
                      Receivables, net
                      88
                      5,252

                      1206
                      Non-Federal assets: Receivables, net
                      28
                      14

                      Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:

                      1501
                      Defaulted guaranteed loans receivable, gross
                      33,415
                      35,645

                      1502
                      Interest receivable
                      5,756
                      6,562

                      1505
                      Allowance for subsidy cost (-)
                      –991
                      –12,398

                      1599
                      Net present value of assets related to defaulted guaranteed loans
                      38,180
                      29,809

                      1901
                      Other Federal assets: Other assets

                      1

                      1999
                      Total assets
                      47,190
                      44,900

                      LIABILITIES:

                      Federal liabilities:

                      2101
                      Accounts payable
                      3,865
                      212

                      2103
                      Debt
                      43,254
                      43,254

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      71
                      17

                      2204
                      Liabilities for loan guarantees

                      1,417

                      2999
                      Total liabilities
                      47,190
                      44,900

                      4999
                      Total liabilities and net position
                      47,190
                      44,900

             Federal Family Education Loan Program Financing Account

             (Legislative proposal, subject to PAYGO)Program and Financing (in millions of dollars)

                      Identification code 091–4251–4–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0110
                      Guaranty Agency account maintenance fees

                      –10

                      0191
                      Subtotal, Stafford loans

                      –10

                      0210
                      Guaranty Agency account maintenance fees

                      –9

                      0291
                      Subtotal, Unsubsidized Stafford loans

                      –9

                      0310
                      Guaranty Agency account maintenance fees

                      –1

                      0391
                      Subtotal, PLUS loans

                      –1

                      0510
                      Guaranty Agency account maintenance fees

                      –97

                      0591
                      Subtotal, Consolidations loans

                      –97

                      Credit program obligations:

                      0713
                      Payment of interest to Treasury

                      37

                      0741
                      Modification savings

                      443

                      0791
                      Direct program activities, subtotal

                      480

                      0900
                      Total new obligations, unexpired accounts

                      363

                      Budgetary resources:

                      Financing authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation

                      30

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority

                      443

                      1900
                      Budget authority (total)

                      473

                      1930
                      Total budgetary resources available

                      473

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year

                      110

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      New obligations, unexpired accounts

                      363

                      3020
                      Outlays (gross)

                      –363

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross

                      473

                      Financing disbursements:

                      4110
                      Outlays, gross (total)

                      363

                      4180
                      Budget authority, net (total)

                      473

                      4190
                      Outlays, net (total)

                      363

             Temporary Student Loan Purchase Authority Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 091–4453–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0006
                      Contract collection costs
                      77
                      147
                      132

                      Credit program obligations:

                      0713
                      Payment of interest to Treasury
                      1,858
                      1,781
                      1,505

                      0742
                      Downward reestimates paid to receipt accounts
                      123

                      0743
                      Interest on downward reestimates
                      37

                      0791
                      Direct program activities, subtotal
                      2,018
                      1,781
                      1,505

                      0900
                      Total new obligations, unexpired accounts
                      2,095
                      1,928
                      1,637

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      437
                      874

                      1021
                      Recoveries of prior year unpaid obligations
                      8

                      1023
                      Unobligated balances applied to repay debt
                      –437
                      –874

                      1050
                      Unobligated balance (total)
                      8

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      160

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      7,270
                      9,749
                      7,338

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –4,469
                      –7,821
                      –5,701

                      1850
                      Spending auth from offsetting collections, mand (total)
                      2,801
                      1,928
                      1,637

                      1900
                      Budget authority (total)
                      2,961
                      1,928
                      1,637

                      1930
                      Total budgetary resources available
                      2,969
                      1,928
                      1,637

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      874

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      665
                      660
                      659

                      3010
                      New obligations, unexpired accounts
                      2,095
                      1,928
                      1,637

                      3020
                      Outlays (gross)
                      –2,092
                      –1,929
                      –1,637

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –8

                      3050
                      Unpaid obligations, end of year
                      660
                      659
                      659

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      665
                      660
                      659

                      3200
                      Obligated balance, end of year
                      660
                      659
                      659

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      2,961
                      1,928
                      1,637

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      2,092
                      1,929
                      1,637

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Upward reestimate
                      –531
                      –2,583

                      4120
                      Upward reestimate interest
                      –118
                      –736

                      4122
                      Interest on uninvested funds
                      –131

                      4123
                      Principal repayments
                      –5,308
                      –5,113
                      –5,981

                      4123
                      Interest repayments
                      –1,163
                      –1,317
                      –1,357

                      4123
                      Fees and other refunds
                      –19

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –7,270
                      –9,749
                      –7,338

                      4160
                      Budget authority, net (mandatory)
                      –4,309
                      –7,821
                      –5,701

                      4170
                      Outlays, net (mandatory)
                      –5,178
                      –7,820
                      –5,701

                      4180
                      Budget authority, net (total)
                      –4,309
                      –7,821
                      –5,701

                      4190
                      Outlays, net (total)
                      –5,178
                      –7,820
                      –5,701

          Status of Direct Loans (in millions of dollars)

                      Identification code 091–4453–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      48,540
                      44,434
                      39,307

                      1251
                      Repayments: Repayments and prepayments
                      –5,308
                      –5,113
                      –5,982

                      1261
                      Adjustments: Capitalized interest

                      87
                      54

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)
                      1,202
                      –101
                      –84

                      1290
                      Outstanding, end of year
                      44,434
                      39,307
                      33,295

             As required by the Federal Credit Reform Act of 1990, this nonbudgetary account records all cash flows to and from the Government
                resulting from the participation interest program authorized under the Ensuring Continued Access to Student Loans Act of 2008.
                Amounts in this account are a means of financing and are not included in the budget totals.

          Balance Sheet (in millions of dollars)

                      Identification code 091–4453–0–3–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      1,102
                      1,534

                      Investments in US securities:

                      1106
                      Receivables, net
                      477
                      2,322

                      Net value of assets related to post-1991 direct loans receivable:

                      1401
                      Direct loans receivable, gross
                      48,540
                      44,434

                      1402
                      Interest receivable
                      3,403
                      3,600

                      1405
                      Allowance for subsidy cost (-)
                      7,573
                      4,348

                      1499
                      Net present value of assets related to direct loans
                      59,516
                      52,382

                      1999
                      Total assets
                      61,095
                      56,238

                      LIABILITIES:

                      Federal liabilities:

                      2101
                      Accounts payable
                      112

                      2103
                      Debt
                      60,983
                      56,237

                      2201
                      Non-Federal liabilities: Accounts payable

                      1

                      2999
                      Total liabilities
                      61,095
                      56,238

                      4999
                      Total liabilities and net position
                      61,095
                      56,238

             Student Loan Acquisition Account

             Program and Financing (in millions of dollars)

                      Identification code 091–4449–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0005
                      Contract collection costs
                      55
                      90
                      81

                      Credit program obligations:

                      0713
                      Payment of interest to Treasury
                      985
                      1,048
                      906

                      0900
                      Total new obligations, unexpired accounts
                      1,040
                      1,138
                      987

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      461
                      399

                      1021
                      Recoveries of prior year unpaid obligations
                      6

                      1023
                      Unobligated balances applied to repay debt
                      –461
                      –399

                      1050
                      Unobligated balance (total)
                      6

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      4,513
                      5,468
                      4,511

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –3,080
                      –4,330
                      –3,524

                      1850
                      Spending auth from offsetting collections, mand (total)
                      1,433
                      1,138
                      987

                      1900
                      Budget authority (total)
                      1,433
                      1,138
                      987

                      1930
                      Total budgetary resources available
                      1,439
                      1,138
                      987

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      399

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      14
                      10
                      10

                      3010
                      New obligations, unexpired accounts
                      1,040
                      1,138
                      987

                      3020
                      Outlays (gross)
                      –1,038
                      –1,138
                      –987

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –6

                      3050
                      Unpaid obligations, end of year
                      10
                      10
                      10

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      14
                      10
                      10

                      3200
                      Obligated balance, end of year
                      10
                      10
                      10

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      1,433
                      1,138
                      987

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      1,038
                      1,138
                      987

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Upward reestimate
                      –460
                      –1,163

                      4120
                      Upward reestimate interest
                      –105
                      –307

                      4122
                      Interest on uninvested funds
                      –65

                      4123
                      Principal repayments
                      –3,136
                      –3,188
                      –3,668

                      4123
                      Borrower interest repayments
                      –734
                      –810
                      –843

                      4123
                      Fees and other refunds
                      –13

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –4,513
                      –5,468
                      –4,511

                      4160
                      Budget authority, net (mandatory)
                      –3,080
                      –4,330
                      –3,524

                      4170
                      Outlays, net (mandatory)
                      –3,475
                      –4,330
                      –3,524

                      4180
                      Budget authority, net (total)
                      –3,080
                      –4,330
                      –3,524

                      4190
                      Outlays, net (total)
                      –3,475
                      –4,330
                      –3,524

          Status of Direct Loans (in millions of dollars)

                      Identification code 091–4449–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      26,474
                      23,867
                      20,675

                      1251
                      Repayments: Repayments and prepayments
                      –3,136
                      –3,188
                      –3,668

                      1261
                      Adjustments: Capitalized interest

                      59
                      35

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)
                      529
                      –63
                      –51

                      1290
                      Outstanding, end of year
                      23,867
                      20,675
                      16,991

             As required by the Federal Credit Reform Act of 1990, this nonbudgetary account records all cash flows to and from the Government
                resulting from the standard and short-term Put programs authorized under the Ensuring Continued Access to Student Loans Act
                of 2008. Amounts in this account are a means of financing and are not included in the budget totals.

          Balance Sheet (in millions of dollars)

                      Identification code 091–4449–0–3–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      305
                      240

                      Investments in US securities:

                      1106
                      Receivables, net
                      539
                      1,050

                      Net value of assets related to post-1991 direct loans receivable:

                      1401
                      Direct loans receivable, gross
                      26,474
                      23,867

                      1402
                      Interest receivable
                      1,981
                      2,090

                      1405
                      Allowance for subsidy cost (-)
                      4,410
                      2,922

                      1499
                      Net present value of assets related to direct loans
                      32,865
                      28,879

                      1999
                      Total assets
                      33,709
                      30,169

                      LIABILITIES:

                      Federal liabilities:

                      2101
                      Accounts payable

                      2103
                      Debt
                      33,709
                      30,169

                      2201
                      Non-Federal liabilities: Accounts payable

                      2999
                      Total liabilities
                      33,709
                      30,169

                      4999
                      Total liabilities and net position
                      33,709
                      30,169

             Temporary Student Loan Purchase Authority Conduit Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 091–4459–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0003
                      Contract collection costs
                      13
                      21
                      17

                      Credit program obligations:

                      0713
                      Payment of interest to Treasury
                      56
                      50
                      13

                      0900
                      Total new obligations, unexpired accounts
                      69
                      71
                      30

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      32
                      14

                      1021
                      Recoveries of prior year unpaid obligations
                      2

                      1023
                      Unobligated balances applied to repay debt
                      –32
                      –14

                      1033
                      Recoveries of prior year paid obligations
                      4

                      1050
                      Unobligated balance (total)
                      6

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      182
                      275
                      198

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –105
                      –204
                      –168

                      1850
                      Spending auth from offsetting collections, mand (total)
                      77
                      71
                      30

                      1930
                      Total budgetary resources available
                      83
                      71
                      30

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      14

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      15
                      13
                      13

                      3010
                      New obligations, unexpired accounts
                      69
                      71
                      30

                      3020
                      Outlays (gross)
                      –69
                      –71
                      –30

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2

                      3050
                      Unpaid obligations, end of year
                      13
                      13
                      13

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      15
                      13
                      13

                      3200
                      Obligated balance, end of year
                      13
                      13
                      13

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      77
                      71
                      30

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      69
                      71
                      30

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4122
                      Interest on uninvested funds
                      –3

                      4123
                      Direct Conduit Fees
                      –9

                      4123
                      Principal repayments
                      –133
                      –232
                      –164

                      4123
                      Interest repayments
                      –41
                      –43
                      –34

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –186
                      –275
                      –198

                      Additional offsets against financing authority only (total):

                      4143
                      Recoveries of prior year paid obligations, unexpired accounts
                      4

                      4160
                      Budget authority, net (mandatory)
                      –105
                      –204
                      –168

                      4170
                      Outlays, net (mandatory)
                      –117
                      –204
                      –168

                      4180
                      Budget authority, net (total)
                      –105
                      –204
                      –168

                      4190
                      Outlays, net (total)
                      –117
                      –204
                      –168

          Status of Direct Loans (in millions of dollars)

                      Identification code 091–4459–0–3–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      1,887
                      1,771
                      1,537

                      1251
                      Repayments: Repayments and prepayments
                      –133
                      –232
                      –164

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)
                      17
                      –2
                      –1

                      1290
                      Outstanding, end of year
                      1,771
                      1,537
                      1,372

             As required by the Federal Credit Reform Act of 1990, this nonbudgetary account records all cash flows to and from the Government
                resulting from the asset-backed commercial paper conduit authorized under the Ensuring Continued Access to Student Loans Act
                of 2008. Amounts in this account are a means of financing and are not included in the budget totals.

          Balance Sheet (in millions of dollars)

                      Identification code 091–4459–0–3–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      47
                      28

                      Net value of assets related to post-1991 direct loans receivable:

                      1401
                      Direct loans receivable, gross
                      1,887
                      1,771

                      1402
                      Interest receivable
                      241
                      264

                      1405
                      Allowance for subsidy cost (-)
                      –349
                      –374

                      1499
                      Net present value of assets related to direct loans
                      1,779
                      1,661

                      1999
                      Total assets
                      1,826
                      1,689

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt
                      1,826
                      1,689

                      2201
                      Non-Federal liabilities: Accounts payable

                      2999
                      Total liabilities
                      1,826
                      1,689

                      4999
                      Total liabilities and net position
                      1,826
                      1,689

             Federal Family Education Loan Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 091–0230–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0101
                      Interest benefits, net of origination fees
                      4
                      4
                      3

                      0103
                      Default claims
                      53
                      49
                      45

                      0104
                      Death, disability, and bankruptcy claims
                      15
                      11
                      10

                      0105
                      Contract collection costs
                      9
                      10
                      9

                      0191
                      Subtotal, Stafford loans
                      81
                      74
                      67

                      0201
                      Default claims
                      9
                      8
                      8

                      0202
                      Death, disability, and bankruptcy claims
                      3
                      4
                      4

                      0205
                      Contract collection costs
                      2
                      2
                      2

                      0291
                      Subtotal, PLUS/SLS loans
                      14
                      14
                      14

                      0900
                      Total new obligations, unexpired accounts
                      95
                      88
                      81

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      225
                      102

                      1021
                      Recoveries of prior year unpaid obligations
                      5

                      1022
                      Capital transfer of unobligated balances to general fund
                      –225
                      –102

                      1033
                      Recoveries of prior year paid obligations
                      1

                      1050
                      Unobligated balance (total)
                      6

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      366
                      331
                      296

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund
                      –175
                      –243
                      –215

                      1850
                      Spending auth from offsetting collections, mand (total)
                      191
                      88
                      81

                      1930
                      Total budgetary resources available
                      197
                      88
                      81

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      102

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      12
                      25
                      25

                      3010
                      New obligations, unexpired accounts
                      95
                      88
                      81

                      3020
                      Outlays (gross)
                      –77
                      –88
                      –81

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –5

                      3050
                      Unpaid obligations, end of year
                      25
                      25
                      25

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      12
                      25
                      25

                      3200
                      Obligated balance, end of year
                      25
                      25
                      25

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      191
                      88
                      81

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      77
                      63
                      81

                      4101
                      Outlays from mandatory balances

                      25

                      4110
                      Outlays, gross (total)
                      77
                      88
                      81

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Fed collections on defaulted loans, Stafford
                      –107
                      –91
                      –82

                      4123
                      Fed collections on bankruptcies, Stafford

                      –2
                      –2

                      4123
                      Offsets against Federal tax refunds, Stafford

                      –98
                      –87

                      4123
                      Reimbursements from guaranty agencies, Stafford
                      –198
                      –69
                      –62

                      4123
                      Other collections, Stafford
                      –14
                      –20
                      –18

                      4123
                      Federal collections on defaulted loans, PLUS/SLS
                      –17
                      –28
                      –25

                      4123
                      Federal collections on bankruptcies, PLUS/SLS

                      –1

                      4123
                      Offsets against Federal tax refunds, PLUS/SLS

                      –8
                      –7

                      4123
                      Reimbursements from guaranty agencies, PLUS/SLS
                      –31
                      –14
                      –13

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –367
                      –331
                      –296

                      Additional offsets against gross budget authority only:

                      4143
                      Recoveries of prior year paid obligations, unexpired accounts
                      1

                      4160
                      Budget authority, net (mandatory)
                      –175
                      –243
                      –215

                      4170
                      Outlays, net (mandatory)
                      –290
                      –243
                      –215

                      4180
                      Budget authority, net (total)
                      –175
                      –243
                      –215

                      4190
                      Outlays, net (total)
                      –290
                      –243
                      –215

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 091–0230–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      STAFFORD LOANS

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      467
                      442
                      396

                      2251
                      Repayments and prepayments
                      –9
                      –9
                      –9

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –62
                      –26
                      –24

                      2263
                      Terminations for default that result in claim payments
                      –15
                      –11
                      –10

                      2264
                      Other adjustments, net
                      61

                      2290
                      Outstanding, end of year
                      442
                      396
                      353

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      420
                      376
                      335

                      Addendum:

                      Cumulative balance of defaulted guaranteed loans that result in loans receivable:

                      2310
                      Outstanding, start of year
                      3,786
                      3,525
                      3,383

                      2331
                      Disbursements for guaranteed loan claims
                      62
                      26
                      24

                      2351
                      Repayments of loans receivable
                      –217
                      –136
                      –121

                      2361
                      Write-offs of loans receivable
                      –15
                      –14
                      –13

                      2364
                      Other adjustments, net
                      –91
                      –18
                      –16

                      2390
                      Outstanding, end of year
                      3,525
                      3,383
                      3,257

                      PLUS/SLS LOANS

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      56
                      54
                      46

                      2251
                      Repayments and prepayments
                      –1
                      –1
                      –1

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –12
                      –3
                      –2

                      2263
                      Terminations for default that result in claim payments
                      –3
                      –4
                      –4

                      2264
                      Other adjustments, net
                      14

                      2290
                      Outstanding, end of year
                      54
                      46
                      39

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      51
                      43
                      37

                      Addendum:

                      Cumulative balance of defaulted guaranteed loans that result in loans receivable:

                      2310
                      Outstanding, start of year
                      602
                      562
                      537

                      2331
                      Disbursements for guaranteed loan claims
                      12
                      3
                      2

                      2351
                      Repayments of loans receivable
                      –33
                      –23
                      –20

                      2361
                      Write-offs of loans receivable
                      –3
                      –3
                      –2

                      2364
                      Other adjustments, net
                      –16
                      –2
                      –3

                      2390
                      Outstanding, end of year
                      562
                      537
                      514

             As required by the Federal Credit Reform Act of 1990, this liquidating account records, for this program, all cash flows to
                and from the Government resulting from guaranteed student loans committed prior to 1992. This account is shown on a cash basis.
                All new loan activity in this program for 1992 and beyond is recorded in corresponding program and financing accounts.

          Balance Sheet (in millions of dollars)

                      Identification code 091–0230–0–1–502
                      2015 actual
                      2016 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      237
                      127

                      1701
                      Defaulted guaranteed loans, gross
                      4,388
                      4,087

                      1702
                      Interest receivable
                      6,149
                      5,674

                      1703
                      Allowance for estimated uncollectible loans and interest (-)
                      –8,162
                      –7,622

                      1799
                      Value of assets related to loan guarantees
                      2,375
                      2,139

                      1999
                      Total assets
                      2,612
                      2,266

                      LIABILITIES:

                      2104
                      Federal liabilities: Resources payable to Treasury
                      2,603
                      2,253

                      Non-Federal liabilities:

                      2201
                      Accounts payable

                      2204
                      Liabilities for loan guarantees
                      9
                      13

                      2999
                      Total liabilities
                      2,612
                      2,266

                      4999
                      Total liabilities and net position
                      2,612
                      2,266

          Object Classification (in millions of dollars)

                      Identification code 091–0230–0–1–502
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      33.0
                      Investments and loans
                      74
                      69
                      64

                      41.0
                      Grants, subsidies, and contributions
                      3
                      3
                      3

                      42.0
                      Insurance claims and indemnities
                      18
                      16
                      14

                      99.0
                      Direct obligations
                      95
                      88
                      81

                      99.9
                      Total new obligations, unexpired accounts
                      95
                      88
                      81

             Perkins Loan Assets

             Health Education Assistance Loans Program Account

             Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)

                      Identification code 091–0247–0–1–552
                      2016 actual
                      2017 est.
                      2018 est.

                      Guaranteed loan reestimates:

                      235001
                      HEAL Loan Guarantee
                      –21
                      –18

             Consistent with the Consolidated Appropriations Act, 2014 (P.L. 113–76), the Health Education Assistance Loans (HEAL) program
                was transferred to the Department of Education from the Department of Health and Human Services in 2014. The Department of
                Education assumed responsibility for the program and the authority to administer, service, collect, and enforce the program.

             The HEAL program guarantees loans from private lenders to health professions students to pay for the costs of their training.
                As required by the Federal Credit Reform Act of 1990, this account records the subsidy costs associated with HEAL loan guarantees
                committed in 1992 and beyond (including modifications of HEAL loan guarantees that resulted from obligations or commitments
                in any year), as well as administrative expenses of the program.

             Health Education Assistance Loans Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 091–4300–0–3–552
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      2
                      7
                      7

                      0715
                      Default Collection Costs
                      1
                      2
                      2

                      0742
                      Downward reestimates paid to receipt accounts
                      9
                      7

                      0743
                      Interest on downward reestimates
                      12
                      11

                      0900
                      Total new obligations, unexpired accounts
                      24
                      27
                      9

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      53
                      38
                      22

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      9
                      11
                      11

                      1930
                      Total budgetary resources available
                      62
                      49
                      33

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      38
                      22
                      24

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      18

                      3010
                      New obligations, unexpired accounts
                      24
                      27
                      9

                      3020
                      Outlays (gross)
                      –24
                      –9
                      –9

                      3050
                      Unpaid obligations, end of year

                      18
                      18

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      18

                      3200
                      Obligated balance, end of year

                      18
                      18

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      9
                      11
                      11

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      24
                      9
                      9

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4122
                      Interest on uninvested funds
                      –2
                      –2
                      –2

                      4123
                      Non-Federal sources
                      –7
                      –9
                      –9

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –9
                      –11
                      –11

                      4170
                      Outlays, net (mandatory)
                      15
                      –2
                      –2

                      4180
                      Budget authority, net (total)

                      4190
                      Outlays, net (total)
                      15
                      –2
                      –2

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 091–4300–0–3–552
                      2016 actual
                      2017 est.
                      2018 est.

                      Position with respect to appropriations act limitation on commitments:

                      2143
                      Uncommitted limitation carried forward

                      2150
                      Total guaranteed loan commitments

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      232
                      214
                      186

                      2251
                      Repayments and prepayments
                      –16
                      –16
                      –16

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –2
                      –9
                      –9

                      2263
                      Terminations for default that result in claim payments

                      –3
                      –3

                      2264
                      Other adjustments, net

                      2290
                      Outstanding, end of year
                      214
                      186
                      158

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      214
                      176
                      158

                      Addendum:

                      Cumulative balance of defaulted guaranteed loans that result in loans receivable:

                      2310
                      Outstanding, start of year
                      155
                      150
                      150

                      2331
                      Disbursements for guaranteed loan claims
                      2
                      7
                      7

                      2351
                      Repayments and prepayments
                      –7
                      –7
                      –7

                      2361
                      Write-offs of loans receivable

                      2364
                      Other adjustments, net

                      2390
                      Outstanding, end of year
                      150
                      150
                      150

             As required by the Federal Credit Reform Act of 1990, this nonbudgetary account records all cash flows to and from the Government
                resulting from the Health Education Assistance Loan program. Amounts in this account are a means of financing and are not
                included in the budget totals.

          Balance Sheet (in millions of dollars)

                      Identification code 091–4300–0–3–552
                      2015 actual
                      2016 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury

                      38

                      1501
                      Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable: Defaulted guaranteed loans receivable,
                         gross

                      150

                      1999
                      Total assets

                      188

                      LIABILITIES:

                      2204
                      Non-Federal liabilities: Liabilities for loan guarantees

                      188

                      4999
                      Total liabilities and net position

                      188

             Health Education Assistance Loans Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 091–4299–0–3–552
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0715
                      Default Collections Costs
                      1
                      2
                      2

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      7
                      6

                      1022
                      Capital transfer of unobligated balances to general fund
                      –7
                      –6

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation

                      1
                      1

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      7
                      7
                      6

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund

                      –6
                      –5

                      1850
                      Spending auth from offsetting collections, mand (total)
                      7
                      1
                      1

                      1900
                      Budget authority (total)
                      7
                      2
                      2

                      1930
                      Total budgetary resources available
                      7
                      2
                      2

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      6

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1
                      1

                      3010
                      New obligations, unexpired accounts
                      1
                      2
                      2

                      3020
                      Outlays (gross)

                      –2
                      –2

                      3050
                      Unpaid obligations, end of year
                      1
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      1
                      1

                      3200
                      Obligated balance, end of year
                      1
                      1
                      1

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      7
                      2
                      2

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      2
                      2

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –7
                      –7
                      –6

                      4180
                      Budget authority, net (total)

                      –5
                      –4

                      4190
                      Outlays, net (total)
                      –7
                      –5
                      –4

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 091–4299–0–3–552
                      2016 actual
                      2017 est.
                      2018 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      28
                      21
                      14

                      2251
                      Repayments and prepayments
                      –7
                      –7
                      –7

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable

                      2264
                      Other adjustments, net

                      2290
                      Outstanding, end of year
                      21
                      14
                      7

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      21
                      14
                      7

                      Addendum:

                      Cumulative balance of defaulted guaranteed loans that result in loans receivable:

                      2310
                      Outstanding, start of year
                      260
                      184
                      180

                      2331
                      Disbursements for guaranteed loan claims

                      3
                      3

                      2351
                      Repayments of loans receivable
                      –7
                      –7
                      –6

                      2361
                      Write-offs of loans receivable

                      2364
                      Other adjustments, net
                      –69

                      2390
                      Outstanding, end of year
                      184
                      180
                      177

             As required by the Federal Credit Reform Act of 1990, this liquidating account records, for this program, all cash flows to
                and from the Government resulting from guaranteed Health Education Assistance Loans loans committed prior to 1992. This account
                is shown on a cash basis. All loan activity in this program for 1992 and beyond is recorded in corresponding program and financing
                accounts.

          Balance Sheet (in millions of dollars)

                      Identification code 091–4299–0–3–552
                      2015 actual
                      2016 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      7
                      6

                      1701
                      Defaulted guaranteed loans, gross
                      260
                      184

                      1901
                      Other Federal assets: Other assets

                      1999
                      Total assets
                      267
                      190

                      LIABILITIES:

                      2207
                      Non-Federal liabilities: Other
                      267
                      190

                      4999
                      Total liabilities and net position
                      267
                      190

          Object Classification (in millions of dollars)

                      Identification code 091–4299–0–3–552
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      2
                      2
                      2

                      42.0
                      Insurance claims and indemnities
                      1

                      99.0
                      Direct obligations
                      3
                      2
                      2

                      99.5
                      Adjustment for rounding
                      –2

                      99.9
                      Total new obligations, unexpired accounts
                      1
                      2
                      2

             Institute of Education Sciences

             Federal Funds
             Institute of education sciencesFor carrying out activities authorized by the Education Sciences Reform Act of 2002, the National Assessment of Educational
                Progress Authorization Act, section 208 of the Educational Technical Assistance Act of 2002, and section 664 of the Individuals
                with Disabilities Education Act, $616,840,000, which shall remain available through September 30, 2019: Provided, That funds available to carry out section 208 of the Educational Technical Assistance Act may be used to link Statewide
                elementary and secondary data systems with early childhood, postsecondary, and workforce data systems, or to further develop
                such systems: Provided further, That up to $6,000,000 of the funds available to carry out section 208 of the Educational Technical Assistance Act may be
                used for awards to public or private organizations or agencies to support activities to improve data coordination, quality,
                and use at the local, State, and national levels.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–1100–0–1–503
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Research, development, and dissemination
                      181
                      195
                      195

                      0002
                      Statistics
                      101
                      112
                      112

                      0003
                      Regional educational laboratories
                      54
                      54
                      54

                      0004
                      National Assessment
                      149
                      149
                      149

                      0005
                      National Assessment Governing Board
                      8
                      8
                      8

                      0006
                      Research in special education
                      45
                      54
                      54

                      0007
                      Statewide longitudinal data systems
                      34
                      34
                      34

                      0008
                      Special education studies and evaluations
                      5
                      11
                      11

                      0100
                      Total direct program
                      577
                      617
                      617

                      0799
                      Total direct obligations
                      577
                      617
                      617

                      0801
                      Reimbursable program activity
                      1

                      0900
                      Total new obligations, unexpired accounts
                      578
                      617
                      617

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      27
                      68
                      68

                      1021
                      Recoveries of prior year unpaid obligations
                      1

                      1050
                      Unobligated balance (total)
                      28
                      68
                      68

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      618
                      617
                      617

                      1930
                      Total budgetary resources available
                      646
                      685
                      685

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      68
                      68
                      68

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      678
                      665
                      794

                      3010
                      New obligations, unexpired accounts
                      578
                      617
                      617

                      3011
                      Obligations ("upward adjustments"), expired accounts
                      1

                      3020
                      Outlays (gross)
                      –585
                      –488
                      –552

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –6

                      3050
                      Unpaid obligations, end of year
                      665
                      794
                      859

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –1
                      –1
                      –1

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –1
                      –1
                      –1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      677
                      664
                      793

                      3200
                      Obligated balance, end of year
                      664
                      793
                      858

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      618
                      617
                      617

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      124
                      103
                      103

                      4011
                      Outlays from discretionary balances
                      461
                      385
                      449

                      4020
                      Outlays, gross (total)
                      585
                      488
                      552

                      4180
                      Budget authority, net (total)
                      618
                      617
                      617

                      4190
                      Outlays, net (total)
                      585
                      488
                      552

             Research and Statistics:
             Research, development, and dissemination.—Funds support a diverse portfolio of research, development, and dissemination activities that provide parents, teachers,
                and schools with evidence-based information on effective educational practices.

             Statistics.—Funds support the Department's statistical data collection activities, which are conducted by the National Center for Education
                Statistics (NCES). NCES collects, analyzes, and disseminates education statistics at all levels, from preschool through postsecondary
                and adult education, including statistics on international education activities.

             Regional educational laboratories.—Funds support a network of 10 regional laboratories that provide expert advice, including training and technical assistance,
                to help States and school districts apply proven research findings in their school improvement efforts.

             Assessment.—Funds support the ongoing National Assessment of Educational Progress (NAEP) and the National Assessment Governing Board
                (NAGB). NAEP administers assessments to samples of students in order to gather reliable information about educational attainment
                in important academic areas. NAGB is responsible for formulating NAEP policy; developing student achievement levels; and selecting,
                consistent with the requirements of the statute, the subjects to be assessed.

             Research in special education.—Funds support research to build the evidence base on improving special education and early intervention services and outcomes
                for infants, toddlers, and children with disabilities.

             Statewide data systems.—Funds support competitive grant awards to States to foster the design, development, implementation, and use of longitudinal
                data systems. In 2018, funding would support linking K-12 systems to systems that include early childhood, postsecondary,
                and workforce information, or further developing such systems. In addition, funds would support awards to public and private
                agencies to improve data coordination, quality, and use at the local, State, and national levels.

             Special education studies and evaluations.—Funds support studies, evaluations, and assessments related to the implementation of the Individuals with Disabilities Education
                Act in order to improve special education and early intervention services and outcomes for infants, toddlers, and children
                with disabilities.

          Object Classification (in millions of dollars)

                      Identification code 091–1100–0–1–503
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      1
                      1
                      1

                      11.3
                      Other than full-time permanent
                      1
                      1
                      1

                      11.9
                      Total personnel compensation
                      2
                      2
                      2

                      25.1
                      Advisory and assistance services
                      19
                      19
                      19

                      25.2
                      Other services from non-Federal sources
                      244
                      259
                      245

                      25.3
                      Other goods and services from Federal sources
                      2
                      2
                      2

                      25.5
                      Research and development contracts
                      80
                      84
                      86

                      41.0
                      Grants, subsidies, and contributions
                      229
                      250
                      262

                      99.0
                      Direct obligations
                      576
                      616
                      616

                      99.0
                      Reimbursable obligations
                      1
                      1
                      1

                      99.5
                      Adjustment for rounding
                      1

                      99.9
                      Total new obligations, unexpired accounts
                      578
                      617
                      617

          Employment Summary

                      Identification code 091–1100–0–1–503
                      2016 actual
                      2017 est.
                      2018 est.

                      1001
                      Direct civilian full-time equivalent employment
                      15
                      15
                      15

             Departmental Management

             Federal Funds
             Program administrationFor carrying out, to the extent not otherwise provided, the Department of Education Organization Act, including rental of
                conference rooms in the District of Columbia and hire of three passenger motor vehicles, $438,000,000.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Special and Trust Fund Receipts (in millions of dollars)

                      Identification code 091–0800–0–1–503
                      2016 actual
                      2017 est.
                      2018 est.

                      0100
                      Balance, start of year

                      1

                      Receipts:

                      Current law:

                      1130
                      Contributions
                      1
                      1
                      1

                      2000
                      Total: Balances and receipts
                      1
                      1
                      2

                      Appropriations:

                      Current law:

                      2101
                      Program Administration
                      –1

                      5099
                      Balance, end of year

                      1
                      2

          Program and Financing (in millions of dollars)

                      Identification code 091–0800–0–1–503
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Program administration
                      444
                      432
                      438

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      8
                      1
                      3

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      8

                      1021
                      Recoveries of prior year unpaid obligations
                      2

                      1050
                      Unobligated balance (total)
                      10
                      1
                      3

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      432
                      431
                      438

                      Appropriations, mandatory:

                      1201
                      Appropriation (special or trust fund)
                      1

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      3
                      3
                      3

                      1900
                      Budget authority (total)
                      436
                      434
                      441

                      1930
                      Total budgetary resources available
                      446
                      435
                      444

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      3
                      6

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      117
                      123
                      122

                      3010
                      New obligations, unexpired accounts
                      444
                      432
                      438

                      3011
                      Obligations ("upward adjustments"), expired accounts
                      1

                      3020
                      Outlays (gross)
                      –430
                      –433
                      –431

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –7

                      3050
                      Unpaid obligations, end of year
                      123
                      122
                      129

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –1
                      –1
                      –1

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –1
                      –1
                      –1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      116
                      122
                      121

                      3200
                      Obligated balance, end of year
                      122
                      121
                      128

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      435
                      434
                      441

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      349
                      342
                      343

                      4011
                      Outlays from discretionary balances
                      80
                      91
                      88

                      4020
                      Outlays, gross (total)
                      429
                      433
                      431

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –3
                      –3
                      –3

                      4033
                      Non-Federal sources
                      –1

                      4040
                      Offsets against gross budget authority  and outlays (total)
                      –4
                      –3
                      –3

                      Additional offsets against gross budget authority only:

                      4052
                      Offsetting collections credited to expired accounts
                      1

                      4060
                      Additional offsets against budget authority only (total)
                      1

                      4070
                      Budget authority, net (discretionary)
                      432
                      431
                      438

                      4080
                      Outlays, net (discretionary)
                      425
                      430
                      428

                      Mandatory:

                      4090
                      Budget authority, gross
                      1

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      1

                      4180
                      Budget authority, net (total)
                      433
                      431
                      438

                      4190
                      Outlays, net (total)
                      426
                      430
                      428

             The Program Administration account includes the direct Federal costs of providing grants and administering early, elementary,
                and secondary education; Indian education; English language acquisition; higher education; career, technical, and adult education;
                special education programs; and programs for persons with disabilities. It also supports assessment, statistics, and research
                activities.

             In addition, this account includes the cost of providing centralized support and administrative services, overall policy development,
                and strategic planning for the Department. Included in the centralized activities are rent and mail services; telecommunications;
                contractual services; financial management and accounting, including payments to schools, education agencies and other grant
                recipients, and preparation of auditable financial statements; information technology services and security; personnel management;
                personnel security; budget formulation and execution; legal services; congressional and public relations; and intergovernmental
                affairs.

             Also included in this account are contributions from the public. Activities supported include receptions for Historically
                Black Colleges and Universities. Contributions not designated for a specific purpose are in the account's Gifts and Bequests
                Miscellaneous Fund.

             Reimbursable program.—Reimbursements to this account are for providing administrative services to other agencies.

          Object Classification (in millions of dollars)

                      Identification code 091–0800–0–1–503
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      188
                      202
                      197

                      11.3
                      Other than full-time permanent
                      26
                      6
                      5

                      11.5
                      Other personnel compensation
                      3
                      3
                      3

                      11.9
                      Total personnel compensation
                      217
                      211
                      205

                      12.1
                      Civilian personnel benefits
                      67
                      65
                      65

                      21.0
                      Travel and transportation of persons
                      3
                      3
                      4

                      23.1
                      Rental payments to GSA
                      42
                      38
                      41

                      23.3
                      Communications, utilities, and miscellaneous charges
                      1
                      1
                      1

                      24.0
                      Printing and reproduction
                      1
                      1
                      1

                      25.1
                      Advisory and assistance services
                      2
                      2
                      2

                      25.2
                      Other services from non-Federal sources
                      20
                      19
                      19

                      25.3
                      Other goods and services from Federal sources
                      21
                      25
                      25

                      25.7
                      Operation and maintenance of equipment
                      60
                      65
                      73

                      26.0
                      Supplies and materials
                      1
                      1
                      1

                      31.0
                      Equipment
                      3

                      32.0
                      Land and structures
                      5
                      1
                      1

                      99.0
                      Direct obligations
                      443
                      432
                      438

                      99.5
                      Adjustment for rounding
                      1

                      99.9
                      Total new obligations, unexpired accounts
                      444
                      432
                      438

          Employment Summary

                      Identification code 091–0800–0–1–503
                      2016 actual
                      2017 est.
                      2018 est.

                      1001
                      Direct civilian full-time equivalent employment
                      1,888
                      1,776
                      1,699

             Office for civil rightsFor expenses necessary for the Office for Civil Rights, as authorized by section 203 of the Department of Education Organization
                Act, $106,797,000.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–0700–0–1–751
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Civil rights
                      107
                      107
                      107

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      107
                      107
                      107

                      1930
                      Total budgetary resources available
                      107
                      107
                      107

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      16
                      21
                      22

                      3010
                      New obligations, unexpired accounts
                      107
                      107
                      107

                      3020
                      Outlays (gross)
                      –101
                      –106
                      –104

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      21
                      22
                      25

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      16
                      21
                      22

                      3200
                      Obligated balance, end of year
                      21
                      22
                      25

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      107
                      107
                      107

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      91
                      90
                      89

                      4011
                      Outlays from discretionary balances
                      10
                      16
                      15

                      4020
                      Outlays, gross (total)
                      101
                      106
                      104

                      4180
                      Budget authority, net (total)
                      107
                      107
                      107

                      4190
                      Outlays, net (total)
                      101
                      106
                      104

             The Office for Civil Rights is responsible for ensuring that no person is unlawfully discriminated against on the basis of
                race, color, national origin, sex, disability, or age in the delivery of services or the provision of benefits in programs
                or activities of schools and institutions receiving financial assistance from the Department of Education. The authorities
                under which the Office for Civil Rights operates are Title VI of the Civil Rights Act of 1964 (racial and ethnic discrimination),
                Title IX of the Education Amendments of 1972 (sex discrimination), section 504 of the Rehabilitation Act of 1973 (discrimination
                against individuals with a disability), the Age Discrimination Act of 1975, the Americans with Disabilities Act of 1990, and
                the Boy Scouts of America Equal Access Act of 2002.

          Object Classification (in millions of dollars)

                      Identification code 091–0700–0–1–751
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      59
                      60
                      56

                      11.3
                      Other than full-time permanent
                      2
                      2
                      2

                      11.5
                      Other personnel compensation
                      1

                      11.9
                      Total personnel compensation
                      62
                      62
                      58

                      12.1
                      Civilian personnel benefits
                      20
                      20
                      19

                      21.0
                      Travel and transportation of persons
                      1

                      23.1
                      Rental payments to GSA
                      8
                      9
                      9

                      25.2
                      Other services from non-Federal sources
                      1
                      1
                      2

                      25.3
                      Other goods and services from Federal sources
                      2
                      3
                      2

                      25.7
                      Operation and maintenance of equipment
                      13
                      12
                      16

                      99.0
                      Direct obligations
                      107
                      107
                      106

                      99.5
                      Adjustment for rounding

                      1

                      99.9
                      Total new obligations, unexpired accounts
                      107
                      107
                      107

          Employment Summary

                      Identification code 091–0700–0–1–751
                      2016 actual
                      2017 est.
                      2018 est.

                      1001
                      Direct civilian full-time equivalent employment
                      563
                      569
                      523

             office of inspector generalFor expenses necessary for the Office of Inspector General, as authorized by section 212 of the Department of Education Organization
                Act, $61,143,000.
          Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
             included for 2017 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 091–1400–0–1–751
                      2016 actual
                      2017 est.
                      2018 est.

                      Obligations by program activity:

                      0001
                      Inspector General
                      58
                      59
                      61

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      59
                      59
                      61

                      1930
                      Total budgetary resources available
                      59
                      59
                      61

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      11
                      13
                      17

                      3010
                      New obligations, unexpired accounts
                      58
                      59
                      61

                      3020
                      Outlays (gross)
                      –55
                      –55
                      –60

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      13
                      17
                      18

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      11
                      13
                      17

                      3200
                      Obligated balance, end of year
                      13
                      17
                      18

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      59
                      59
                      61

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      47
                      47
                      49

                      4011
                      Outlays from discretionary balances
                      8
                      8
                      11

                      4020
                      Outlays, gross (total)
                      55
                      55
                      60

                      4180
                      Budget authority, net (total)
                      59
                      59
                      61

                      4190
                      Outlays, net (total)
                      55
                      55
                      60

             The Inspector General is responsible for the quality, coverage, and coordination of audit and investigation functions relating
                to Federal education activities. The Inspector General has the authority to inquire into all activities of the Department,
                including those performed under Federal education contracts, grants, or other agreements. Under the Chief Financial Officers
                Act of 1990, the Inspector General is also responsible for internal reviews of the Department's financial systems and audits
                of its financial statements.

          Object Classification (in millions of dollars)

                      Identification code 091–1400–0–1–751
                      2016 actual
                      2017 est.
                      2018 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      26
                      28
                      29

                      11.5
                      Other personnel compensation
                      2

                      11.9
                      Total personnel compensation
                      28
                      28
                      29

                      12.1
                      Civilian personnel benefits
                      11
                      11
                      11

                      21.0
                      Travel and transportation of persons
                      1
                      1
                      1

                      23.1
                      Rental payments to GSA
                      6
                      7
                      7

                      25.1
                      Advisory and assistance services
                      1
                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      2
                      2
                      3

                      25.3
                      Other goods and services from Federal sources
                      1
                      1
                      1

                      25.7
                      Operation and maintenance of equipment
                      6
                      5
                      5

                      31.0
                      Equipment
                      1
                      1
                      1

                      99.0
                      Direct obligations
                      57
                      57
                      59

                      99.5
                      Adjustment for rounding
                      1
                      2
                      2

                      99.9
                      Total new obligations, unexpired accounts
                      58
                      59
                      61

          Employment Summary

                      Identification code 091–1400–0–1–751
                      2016 actual
                      2017 est.
                      2018 est.

                      1001
                      Direct civilian full-time equivalent employment
                      228
                      237
                      237

             Hurricane Education Recovery

             Federal Funds
             Hurricane Education Recovery

             General and Administrative Provisions

             GENERAL FUND RECEIPT ACCOUNTS

             (in millions of dollars)

                      2016 actual
                      2017 est.
                      2018 est.

                      Offsetting receipts from the public:

                      091–143500
                      General Fund Proprietary Interest Receipts, not Otherwise Classified
                      1
                      2
                      2

                      091–271810
                      Federal Family Education Loan Program, Negative Subsidies

                      443

                      091–271830
                      Federal Family Education Loan Program, Downward Reestimates of Subsidies
                      2,521
                      370

                      091–274130
                      College Housing and Academic Facilities Loan, Downward Reestimates of Subsidies
                      18
                      55

                      091–278110
                      Federal Direct Student Loan Program, Negative Subsidies
                      5,696
                      4,910
                      3,466

                      091–278110
                      Legislative proposal, subject to PAYGO

                      3,595

                      091–278130
                      Federal Direct Student Loan Program, Downward Reestimates of Subsidies
                      2,185
                      6,989

                      091–279430
                      TEACH Grant Program, Downward Reestimates of Subsidies
                      5

                      091–279830
                      Health Education Assistance Loans, Downward Reestimates of Subsidies
                      21
                      18

                      091–291500
                      Repayment of Loans, Capital Contributions, Higher Education Activities
                      231
                      179
                      1,023

                      091–322000
                      All Other General Fund Proprietary Receipts Including Budget Clearing Accounts
                      75
                      47
                      47

                      General Fund Offsetting receipts from the public
                      10,753
                      12,570
                      8,576

                      Intragovernmental payments:

                      091–388500
                      Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts
                      –13

                      General Fund Intragovernmental payments
                      –13

             GENERAL PROVISIONS

             SEC. 301. No funds appropriated in this Act may be used for the transportation of students or teachers (or for the purchase of equipment
          for such transportation) in order to overcome racial imbalance in any school or school system, or for the transportation of
          students or teachers (or for the purchase of equipment for such transportation) in order to carry out a plan of racial desegregation
          of any school or school system.SEC. 302. None of the funds contained in this Act shall be used to require, directly or indirectly, the transportation of any student
          to a school other than the school which is nearest the student's home, except for a student requiring special education, to
          the school offering such special education, in order to comply with title VI of the Civil Rights Act of 1964. For the purpose
          of this section an indirect requirement of transportation of students includes the transportation of students to carry out
          a plan involving the reorganization of the grade structure of schools, the pairing of schools, or the clustering of schools,
          or any combination of grade restructuring, pairing, or clustering. The prohibition described in this section does not include
          the establishment of magnet schools.SEC. 303. No funds appropriated in this Act may be used to prevent the implementation of programs of voluntary prayer and meditation
          in the public schools.'

          (transfer of funds)SEC. 304. Not to exceed 1 percent of any discretionary funds (pursuant to the Balanced Budget and Emergency Deficit Control Act of 1985)
          which are appropriated for the Department of Education in this Act may be transferred between appropriations, but no such
          appropriation shall be increased by more than 3 percent by any such transfer: Provided, That the transfer authority granted by this section shall not be used to create any new program or to fund any project or
          activity for which no funds are provided in this Act: Provided further, That the Committees on Appropriations of the House of Representatives and the Senate are notified at least 15 days in advance
          of any transfer.SEC. 305. The Outlying Areas may consolidate funds received under this Act, pursuant to 48 U.S.C. 1469a, under subpart 1 of part A of title IV of the ESEA.SEC. 306. Section 105(f)(1)(B)(ix) of the Compact of Free Association Amendments Act of 2003 (48 U.S.C. 1921d(f)(1)(B)(ix)) shall be
          applied by substituting "2018" for "2009".SEC. 307. Funds consolidated for evaluation purposes under section 8601(c) of the ESEA shall be available from July 1, 2018, through
             September 30, 2019.SEC. 308. (a) An institution of higher education that maintains an endowment fund supported with funds appropriated for title III or V of
          the HEA for fiscal year 2018 may use the income from that fund to award scholarships to students, subject to the limitation in section 331(c)(3)(B)(i)
          of the HEA. The use of such income for such purposes, prior to the enactment of this Act, shall be considered to have been
          an allowable use of that income, subject to that limitation.
          (b) Subsection (a) shall be in effect until titles III and V of the HEA are reauthorized.SEC. 309. Section 114(f) of the HEA (20 U.S.C. 1011c(f)) is amended by striking "2016" and inserting "2018".SEC. 310.   Section 8501(b) of the Elementary and Secondary Education Act of 1965 is amended by adding at the end, "(F) section 4631
                with regard to Project SERV". '

          (Cancellation)SEC. 311.   Of the unobligated balances available for carrying out subpart 1 of part A of title IV of the HEA, $3,900,000,000 is hereby
                permanently cancelled. SEC. 312.  Section 402H(b) of the Higher Education Act of 1965 (20 U.S.C. 1070a-18(b)) is amended— (a)  In paragraph (2)— (1)  in subparagraph (A), in the material before clause (i), by striking "shall" and inserting in lieu thereof "may"; and
             (2)  in subparagraph (B), by inserting "the rigorous evaluation of the programs authorized by this chapter, which may also include"
                      after "primary purpose"; and

          (b)  by striking paragraph (3).