Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards and Schedule of Expenditures of State Awards for St. Norbert College, Inc. (the College) are presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations and the Wisconsin State Single Audit Guidelines issued by the Wisconsin Department of Administration.
The College administers the following federal loan programs: Loans outstanding at the beginning of the year are included in the Schedule of Expenditures of Federal Awards. No new loans were made under the Federal Perkins Loan Program during the year ended May 31, 2025.
The College has no sub-recipients of federal funds for the year ended May 31, 2025.
The College is in compliance with the following institutional and program eligibility requirements under the Higher Education Act of 1965 and federal regulations under 34 CFR 668.23: Correspondence courses the College offers under 34 CFR 600.7(b) and (g) Regular students that enroll in correspondence courses under 34 CFR 600.7(b) and(g) College’s regular students that are incarcerated under 34 CFR 600.7(c) and (g) Completion rates for confined or incarcerated individuals enrolled in nondegree programs at nonprofit institutions under 34 CFR 600(c)(3)(ii) and (g) College’s regular students that lack a high school diploma or its equivalent under 34 CFR 600.7(d) and (g) Completion rates for short-term programs under 34 CFR 668.8(f) and (g) Placement rates for short-term programs under 34 CFR 668.8(e)(2)