February 1999 Board Meeting Agenda February 1999 Meeting Minutes Board Reports Index
During the FY98, WHEAL borrowers paid HEAB a total of $2,291,174. Of this amount $423,138 was the
resulting interest payment on loans and $1,868,036 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 FY98, 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 | |
|---|---|---|---|---|---|---|---|
| Borrowers Deferred* | 282 | 165 | 55 | 33 | 23 | 20 | 12 |
| Borrowers in Repayment | 696 | 641 | 411 | 365 | 212 | 166 | 120 |
| 978 | 806 | 466 | 398 | 235 | 186 | 132 |
| * | Includes hospital residency; institutional enrollment; military service; grace period; unemployment and forbearance. |
The annual WHEAL audit was satisfactory and no accounting or collection errors occurred.
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