ENT-30 REPLACE GUARANTEED STUDENT LOANS WITH DIRECT LOANS

                                  Annual Savings              Cumulative
                               (Millions of dollars            Five-Year
Savings from         -----------------------------------------   Savings
CBO Baseline         1994     1995      1996     1997     1998
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Budget Authority       0       430      1,400    2,500    3,750      8,100

Outlays                0       280      1,050    2,100    3,250      6,700
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