HEAB navigation bar HEAB Main Page Contacting HEAB Financial Aid Application Info Links Questions Aid Administrators Site Map
February 2000 Board Meeting Agenda         February 2000 Meeting Minutes         Board Reports Index

Board Report #00-8

WHEAL Program Status and Audit Report for Fiscal Year 1999

 

During the FY99, WHEAL borrowers paid HEAB a total of $1,791,702. Of this amount $333,747 was the resulting interest payment on loans and $1,457,955 on the principal.

The legal services provided to HEAB by the Wisconsin Department of Justice in pursuing judgments against defaulting borrowers continues to be excellent. Judgments are required by Health & Human Services (HHS) before they will purchase the defaulted accounts. Through FY99, all defaulted accounts have been purchased by HHS.

12-31-92 12-31-93 12-31-94 12-31-95 12-31-96 12-31-97 12-31-98 12-31-99
Borrowers Deferred* 282 165 55 33 23 20 12 7
Borrowers in Repayment 696 641 411 365 212 166 120 101
978 806 466 398 235 186 132 108

* Includes hospital residency; institutional enrollment; military service; grace period; unemployment and forbearance.

 

February 2000 Board Meeting Agenda         February 2000 Meeting Minutes         Board Reports Index

HEAB Main Page         Contacting HEAB         Financial Aid Programs         Financial Aid Application Information
Frequently Asked Questions         Links         Information for Financial Aid Administrators         Site Map

© Copyright 2000 by the Higher Educational Aids Board
HEAB E-Mail: HEABmail@wisconsin.gov
State of Wisconsin E-Government Privacy Notice