Loan Deficiency payments in Michigan totaled $615 million from 1995-2021.
From 1995 to 2021, the top 10 percent of Loan Deficiency payment recipients were paid 60 percent of Loan Deficiency recipients.
| Pct. of Recipients | Pct. of Payments | Number of Recipients | Total Payments 1995-2021 | Payment per Recipient |
|---|---|---|---|---|
| Top 1% | 15% | 287 | $94,726,351 | $330,057 |
| Top 2% | 24% | 574 | $149,371,884 | $260,230 |
| Top 3% | 31% | 861 | $191,949,108 | $222,937 |
| Top 4% | 37% | 1,149 | $227,779,011 | $198,241 |
| Top 5% | 42% | 1,436 | $258,492,837 | $180,009 |
| Top 6% | 46% | 1,723 | $285,362,335 | $165,619 |
| Top 7% | 50% | 2,010 | $309,122,517 | $153,792 |
| Top 8% | 54% | 2,298 | $330,629,479 | $143,877 |
| Top 9% | 57% | 2,585 | $350,105,320 | $135,437 |
| Top 10% | 60% | 2,872 | $367,975,090 | $128,125 |
| Top 11% | 62% | 3,159 | $384,321,725 | $121,659 |
| Top 12% | 65% | 3,447 | $399,369,728 | $115,860 |
| Top 13% | 67% | 3,734 | $413,139,542 | $110,643 |
| Top 14% | 69% | 4,021 | $425,858,751 | $105,909 |
| Top 15% | 71% | 4,308 | $437,663,815 | $101,593 |
| Top 16% | 73% | 4,596 | $448,632,060 | $97,614 |
| Top 17% | 75% | 4,883 | $458,764,383 | $93,951 |
| Top 18% | 76% | 5,170 | $468,188,144 | $90,559 |
| Top 19% | 78% | 5,457 | $477,005,713 | $87,412 |
| Top 20% | 79% | 5,745 | $485,282,253 | $84,470 |
| Remaining 80% of recips. | 21% | 22,981 | $129,710,932 | $5,644 |
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