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Board Report #01-8

WHEAL Program Status and Audit Report for Fiscal Year 2000

 

During the FY00, WHEAL borrowers paid HEAB a total of $971,430. Of this amount $248,233 was the resulting interest payment on loans and $723,197 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 and timely. Judgments are required by Health & Human Services (HHS) before they will purchase the defaulted accounts. Through FY00, HHS has purchased all defaulted accounts.

12-31-93 12-31-94 12-31-95 12-31-96 12-31-97 12-31-98 12-31-99 12-31-00
Borrowers Deferred* 165 55 33 23 20 12 7 4
Borrowers in Repayment 641 411 365 212 166 120 101 86
806 466 398 235 186 132 108 90

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

 

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