Most federal support for student financial aid is distributed through student loans via the William D. Ford Federal Direct Loan Program (FDLP) and the Federal Family Education Loan Program (FFELP). This report provides information on the number of schools in each program, and the distribution of student loans between the two programs; the loan default rate for schools associated with each program; and the number of schools in each program on a state-by-state basis and among the 100 largest postsecondary schools participating in these federal loan programs. Figures and tables include fiscal year 1995 loan volume for schools in FDLP and FFELP; comparison of FDLP and FFELP loan volume during FDLP's first 2 years; FFELP default rates for FDLP and FFELP schools 1993 cohort year; FDLP schools' share of fiscal year 1995 loan volume by state; and FDLP versus FFELP participation of the 100 schools with largest enrollments as of October 1995. Scope and methodology are described in an appendix. A second appendix contains selected information on FDLP and FFELP schools including a table of program participation as of October 1996 for the 100 schools with the largest enrollments in Fall 1995. (JLS)