Notes to SEFA
The College administers the Federal Perkins Loan Program; accordingly, the College’s basic consolidated financial statements include the Federal Perkins Loan net assets and transactions. The balance of Federal Perkins loans outstanding as of May 31, 2025 was $176,862. The amount presented on the Schedule is the beginning balance of the loans outstanding. There were no loans issued or administrative costs incurred during the fiscal year ended May 31, 2025.
Federal loans issued to students of the College by the Federal Department of Education during the year ended May 31, 2025 are shown on the Schedule. The College is responsible only for the performance of certain administrative duties with respect to the Direct Loans and, accordingly, these loans are not included in the College’s consolidated financial statements, and it is not practicable to determine the balance of loans outstanding to students and former students of the College under these programs. Federally guaranteed loans distributed to students of the College through the Federal Direct Student Loans Program during the year ended May 31, 2025 are summarized as follows: Federal Direct Student Loans (Subsidized and Unsubsidized Stafford) Assistance Listing Number 84.268 Disbursement $6,863,404; FDL Parent Loans for Undergraduate Students (PLUS) Assistance Listing Number 84.268 Disbursement $4,425,319; Total Federal Direct Student Loans Disbursement $11,288,723