### Question
How is the "new student loan volume" defined?


### Answer
The term **new student loan volume** is defined in *20 U.S.C. § 1087c* as follows -

> the estimated sum of all loans (other than consolidation loans) that will be made, insured or guaranteed under this part and part B of this subchapter in the year for which the determination is made

#### Citation:
  - *20 U.S.C. § 1087c*
  - Heading: **CHAPTER 27-NATIONAL VOCATIONAL STUDENT LOAN INSURANCE > SUBCHAPTER IV-STUDENT ASSISTANCE > Part C-William D. Ford Federal Direct Loan Program**

