
FEDERAL PROGRAM · FUNCTION 500
Direct student loan subsidies
OMB reports this Federal Direct Student Loan Program Account account under Department of Education. Its budget-function label is Higher education. This account-level measure records outlays made; it does not identify individual contracts, recipients, or project results.
Week starts Monday · YTD starts January 1 · UTC. All-time history is not yet available.
Running totals apply the historical FY2025 pace. They do not measure transactions recorded today.
What this account tells us
OMB classifies this account under Higher education. That classification gives broad budget context. The OMB account total does not show individual purchases or program outcomes.
Official account details
- Official account name
- Federal Direct Student Loan Program Account
- Reporting source
- Department of Education
- Bureau
- Office of Federal Student Aid
- OMB agency–bureau–account code
- 018-45-0243
- Budget function
- Higher education
Five years of reported amounts
Fiscal years end September 30. These are actual net outlays in nominal dollars, using the account structure in OMB’s FY2027 database.
| Fiscal year | Reported amount |
|---|---|
| 2021 | $130,044,000,000 |
| 2022 | $473,446,000,000 |
| 2023 | $143,332,000,000 |
| 2024 | $110,176,000,000 |
| 2025 | $64,659,000,000 |
FY2025 outlays were $45,517,000,000 lower than FY2024 (41.3%). Changes in account coverage, transfers and payment timing can affect the comparison.
Trace this figure to the source workbook
Use Sheet1, column “2025”, rows 3095, 3096. Sum these records and multiply by 1,000 to convert the published thousands of dollars to dollars. Each record is included once, including all grant, budget-status and spending-category splits within this function.
How these numbers work
FY2025 actual outlays from OMB’s FY2027 Public Budget Database. Values in thousands of dollars are multiplied by 1,000. Records are filtered by budget subfunction, then summed by agency, bureau and account across mandatory/discretionary, grant and budget-status splits. Each account is assigned once. Offsetting receipts, collections and negative adjustments remain in the reconciliation. Account amounts can include transfers; they are not a measure of money received directly by households. FY2026 and later estimates are excluded. History follows the account structure in this database edition; reorganizations can affect comparisons. Treasury’s headline uses a different reporting period.
Running amounts apply a constant historical pace: the reported amount divided by every second in FY2025 · October 1, 2024–September 30, 2025, multiplied by elapsed time in the selected range. They illustrate the flow; they do not track actual transactions today. Week starts Monday and YTD starts January 1, in UTC. Dollar increments show motion, not dollar-level measurement accuracy.
“Reported period” restores the original source amounts. This pace model freezes at 2027-01-01 unless a newer official snapshot is imported. These program snapshots have their own reporting periods and coverage, which differ from the national Treasury budget-function counter.
Official sources, versions & audit trail
FY2027 budget database · April 2026 · FY2025 actuals only · Released 2026-04-03
Retrieved 2026-09-28 · Archived source
Version: omb-fy2027-actual2025-v2. Source-file SHA-256 checksums, original observations and the model are included in the audit download. Illustrative images are AI-generated and do not identify actual recipients, facilities or contract work.
Download data & auditExplore related spending
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