Notes to SEFA
Expenditures of the Direct Loan program include the total value of the loans awarded and paid to the College’s students during the year ended May 31, 2025. The Perkins loans represent the amounts of the federal Perkins loans outstanding at May 31, 2024. During the year ended May 31, 2025, $81,408 was collected and cancelled for Perkins loans. The College had the following Perkins loan balances outstanding at May 31, 2025:
As of and during the year ended May 31, 2025, the College did not receive any noncash federal assistance or federal insurance. In addition, the College did not pass through any federal grants to sub-recipients.