Federal Credit Programs

  • Report

    Administrative Costs of Federal Credit Programs

    To assess the full costs of federal loans and loan guarantees, CBO has developed a method for estimating the present value of the lifetime administrative costs of certain federal credit programs.

  • Report

    Flood Damage and Federally Backed Mortgages in a Changing Climate

    CBO estimates the flood damage homes with federally backed mortgages are expected to face in multiyear periods centered on 2020 and 2050, reflecting the effects of climate change. The agency also analyzes where that damage is concentrated.

  • Presentation

    Contingent Financial Liabilities of the Federal Government

    Presentation by Sebastien Gay, CBO’s Director of Financial Analysis, to the MIT Golub Center for Finance and Policy’s 10th annual conference.

  • Report

    Estimates of the Cost of Federal Credit Programs in 2024

    CBO estimates the costs of federal credit programs in 2024 in two ways—following procedures prescribed by the Federal Credit Reform Act and using a fair-value approach, which measures the market value of the government’s obligations.

  • Blog Post

    A Call for New Research in the Area of Finance

    To enhance its work for the Congress, CBO is looking for new research on how borrowers would respond to changes in repayment plans for student loans, and how sponsors of pension plans would respond to changes in government pension insurance.

  • Report

    An Evaluation of CBO’s Projections of Outlays From 1984 to 2021

    In this report, CBO uses various measures to assess the quality of its past projections of federal outlays. The analysis focuses on three fiscal years within each projection period: the budget year, the 6th year, and the 11th year.

  • Report

    Report on the Troubled Asset Relief Program–April 2023

    Lawmakers created the Troubled Asset Relief Program (TARP) in 2008 to stabilize financial markets. The TARP’s net cost will be $31 billion, CBO estimates—about the same as what the agency last reported in May 2022 and similar to OMB’s latest estimate.

  • Report

    Financial Commitments of Federal Credit and Insurance Programs, 2012 to 2021

    CBO describes the commitments the federal government has made through its credit and insurance programs, including housing, real estate, and student loan programs, deposit insurance, insurance for private pensions, and flood and crop insurance.

  • Report

    Costs of the Proposed Income-Driven Repayment Plan for Student Loans

    Implementing the Administration’s proposed rule for a new income-driven repayment plan would increase the government’s costs for federal student loans originated through 2033 by $230 billion, on a net-present-value basis, CBO estimates.

  • Report

    How the Housing Trust Fund and Capital Magnet Fund Support Affordable Housing

    CBO describes the Housing Trust Fund's and Capital Magnet Fund's income, spending, and budgetary impact, how their grants are used in the production of low-income housing, and how the funds compare with other support for affordable housing.